MSTRX vs. CRPT
MSTRX (Morningstar Total Return Bond Fund) and CRPT (First Trust SkyBridge Crypto Industry & Digital Economy ETF) are both funds - MSTRX is a Intermediate Core Bond fund managed by Morningstar, while CRPT is a Technology Equities fund actively managed by First Trust. Over the past 3 years, MSTRX returned 2.96%/yr vs 32.74%/yr for CRPT. At a 0.11 correlation, their price movements are largely independent. MSTRX charges 0.55%/yr vs 0.85%/yr for CRPT.
Performance
MSTRX vs. CRPT - Performance Comparison
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Returns By Period
In the year-to-date period, MSTRX achieves a -0.37% return, which is significantly higher than CRPT's -14.19% return.
MSTRX
- 1D
- -0.34%
- 1M
- 0.62%
- YTD
- -0.37%
- 6M
- -0.17%
- 1Y
- 2.50%
- 3Y*
- 2.96%
- 5Y*
- -0.98%
- 10Y*
- —
CRPT
- 1D
- -4.17%
- 1M
- -11.05%
- YTD
- -14.19%
- 6M
- -19.90%
- 1Y
- -38.88%
- 3Y*
- 32.74%
- 5Y*
- —
- 10Y*
- —
MSTRX vs. CRPT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MSTRX Morningstar Total Return Bond Fund | -0.37% | 4.87% | 1.75% | 5.54% | -15.53% | -1.13% |
CRPT First Trust SkyBridge Crypto Industry & Digital Economy ETF | -14.19% | -9.54% | 75.29% | 193.86% | -80.84% | -9.59% |
Correlation
The correlation between MSTRX and CRPT is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Sep 21, 2021 | 0.11 |
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Return for Risk
MSTRX vs. CRPT — Risk / Return Rank
MSTRX
CRPT
MSTRX vs. CRPT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morningstar Total Return Bond Fund (MSTRX) and First Trust SkyBridge Crypto Industry & Digital Economy ETF (CRPT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MSTRX | CRPT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.49 | ||
| Sortino ratioReturn per unit of downside risk | +2.00 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 0.91 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.10 | -0.69 | +1.79 |
| Martin ratioReturn relative to average drawdown | 2.86 | -1.15 | +4.01 |
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Drawdowns
MSTRX vs. CRPT - Drawdown Comparison
The maximum MSTRX drawdown since its inception was -20.97%, smaller than the maximum CRPT drawdown of -88.34%. Use the drawdown chart below to compare losses from any high point for MSTRX and CRPT.
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Drawdown Indicators
| MSTRX | CRPT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.97% | -88.34% | +67.37% |
Max Drawdown (1Y)Largest decline over 1 year | -3.06% | -56.46% | +53.40% |
Max Drawdown (3Y)Largest decline over 3 years | -6.67% | -56.46% | +49.79% |
Max Drawdown (5Y)Largest decline over 5 years | -20.77% | — | — |
Current DrawdownCurrent decline from peak | -6.71% | -50.20% | +43.49% |
Average DrawdownAverage peak-to-trough decline | -7.11% | -52.56% | +45.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.32% | 33.85% | -32.53% |
Volatility
MSTRX vs. CRPT - Volatility Comparison
The current volatility for Morningstar Total Return Bond Fund (MSTRX) is 1.24%, while First Trust SkyBridge Crypto Industry & Digital Economy ETF (CRPT) has a volatility of 17.83%. This indicates that MSTRX experiences smaller price fluctuations and is considered to be less risky than CRPT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSTRX | CRPT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.24% | 17.83% | -16.59% |
Volatility (6M)Calculated over the trailing 6-month period | 2.83% | 46.61% | -43.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.13% | 58.13% | -54.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.25% | 72.66% | -66.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.65% | 72.66% | -67.01% |
MSTRX vs. CRPT - Expense Ratio Comparison
MSTRX has a 0.55% expense ratio, which is lower than CRPT's 0.85% expense ratio.
Dividends
MSTRX vs. CRPT - Dividend Comparison
MSTRX's dividend yield for the trailing twelve months is around 2.60%, more than CRPT's 0.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
CRPT First Trust SkyBridge Crypto Industry & Digital Economy ETF | 0.88% | 0.75% | 1.84% | 0.00% | 0.03% | 1.16% | 0.00% | 0.00% | 0.00% |
MSTRX Morningstar Total Return Bond Fund | 2.60% | 2.60% | 4.02% | 3.42% | 2.50% | 2.13% | 4.93% | 5.23% | 0.29% |
Frequently Asked Questions
MSTRX and CRPT have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CRPT has higher volatility (17.83%) compared to MSTRX (1.24%). In terms of maximum drawdown, MSTRX dropped -20.97% vs CRPT's -88.34%.
MSTRX currently has the higher Sharpe Ratio (0.82 vs -0.67), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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