WGMI vs. CRPT
WGMI (CoinShares Bitcoin Miners ETF) and CRPT (First Trust SkyBridge Crypto Industry & Digital Economy ETF) are both exchange-traded funds - WGMI is a Cryptocurrency fund actively managed by CoinShares, while CRPT is a Technology Equities fund actively managed by First Trust. Both are actively managed. Over the past 3 years, WGMI returned 49.81%/yr vs 15.05%/yr for CRPT. Their correlation of 0.85 means they have usually moved in the same direction. WGMI charges 0.75%/yr vs 0.85%/yr for CRPT.
Performance
WGMI vs. CRPT - Performance Comparison
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Returns By Period
In the year-to-date period, WGMI achieves a 34.47% return, which is significantly higher than CRPT's -25.52% return.
WGMI
- 1D
- -2.67%
- 1M
- -3.25%
- 6M
- 14.20%
- YTD
- 34.47%
- 1Y
- 119.73%
- 3Y*
- 49.81%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 16.43%
CRPT
- 1D
- -3.54%
- 1M
- -8.13%
- 6M
- -26.74%
- YTD
- -25.52%
- 1Y
- -47.83%
- 3Y*
- 15.05%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -9.95%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.58M | $1.12M | $1.35M | |
| $36.52M | $32.75M | $41.50M |
WGMI vs. CRPT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
WGMI CoinShares Bitcoin Miners ETF | 34.47% | 72.47% | 23.54% | 304.08% | -82.94% |
CRPT First Trust SkyBridge Crypto Industry & Digital Economy ETF | -25.52% | -9.54% | 75.29% | 193.86% | -76.82% |
Correlation
The correlation between WGMI and CRPT is 0.67, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.67 |
Correlation (3Y) Balances recent behavior with more history. | 0.81 |
Correlation (All Time) Calculated using the full available price history since Feb 8, 2022 | 0.85 |
The correlation between WGMI and CRPT shifts across timeframes, from 0.67 (1 year) to 0.85 (all time), reflecting how their relationship changes across market environments.
WGMI vs. CRPT - Sectors Allocation Comparison
Sectors
WGMI
CRPT
Technology
Financial Services
Utilities
-
Communication Services
Industrials
-
Basic Materials
-
-
Consumer Cyclical
-
Consumer Defensive
-
-
Energy
-
-
Healthcare
-
-
Real Estate
-
-
Technology
WGMI
CRPT
Financial Services
WGMI
CRPT
Utilities
WGMI
CRPT
-
Communication Services
WGMI
CRPT
Industrials
WGMI
CRPT
-
Basic Materials
WGMI
-
CRPT
-
Consumer Cyclical
WGMI
-
CRPT
Consumer Defensive
WGMI
-
CRPT
-
Energy
WGMI
-
CRPT
-
Healthcare
WGMI
-
CRPT
-
Real Estate
WGMI
-
CRPT
-
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Return for Risk
WGMI vs. CRPT — Risk / Return Rank
WGMI
CRPT
WGMI vs. CRPT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CoinShares Bitcoin Miners ETF (WGMI) 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.
| WGMI | CRPT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.12 | ||
| Sortino ratioReturn per unit of downside risk | +3.23 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 0.86 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 2.05 | -0.94 | +2.99 |
| Martin ratioReturn relative to average drawdown | 3.96 | -1.44 | +5.40 |
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Drawdowns
WGMI vs. CRPT - Drawdown Comparison
The maximum WGMI drawdown since its inception was -85.76%, roughly equal to the maximum CRPT drawdown of -88.34%. Use the drawdown chart below to compare losses from any high point for WGMI and CRPT.
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Drawdown Indicators
| WGMI | CRPT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.76% | -88.34% | +2.58% |
Max Drawdown (1Y)Largest decline over 1 year | -50.94% | -55.40% | +4.46% |
Max Drawdown (3Y)Largest decline over 3 years | -62.79% | -56.62% | -6.17% |
Current DrawdownCurrent decline from peak | -28.63% | -56.77% | +28.14% |
Average DrawdownAverage peak-to-trough decline | -41.97% | -52.60% | +10.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.29% | 36.32% | -10.03% |
Volatility
WGMI vs. CRPT - Volatility Comparison
CoinShares Bitcoin Miners ETF (WGMI) has a higher volatility of 35.22% compared to First Trust SkyBridge Crypto Industry & Digital Economy ETF (CRPT) at 16.68%. This indicates that WGMI's price experiences larger fluctuations and is considered to be riskier 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
| WGMI | CRPT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 35.22% | 16.68% | +18.54% |
Volatility (6M)Calculated over the trailing 6-month period | 61.62% | 47.05% | +14.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 83.14% | 60.08% | +23.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.40% | 72.41% | +9.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 82.40% | 72.41% | +9.99% |
WGMI vs. CRPT - Expense Ratio Comparison
WGMI has a 0.75% expense ratio, which is lower than CRPT's 0.85% expense ratio.
Dividends
WGMI vs. CRPT - Dividend Comparison
WGMI has not paid dividends to shareholders, while CRPT's dividend yield for the trailing twelve months is around 1.01%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
CRPT First Trust SkyBridge Crypto Industry & Digital Economy ETF | 1.01% | 0.75% | 1.84% | 0.00% | 0.03% | 1.16% |
WGMI CoinShares Bitcoin Miners ETF | 0.00% | 0.00% | 0.22% | 0.31% | 0.00% | 0.00% |
Frequently Asked Questions
WGMI and CRPT have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WGMI has higher volatility (35.22%) compared to CRPT (16.68%). In terms of maximum drawdown, WGMI dropped -85.76% vs CRPT's -88.34%.
On 3-year performance, WGMI leads with 49.81% vs 15.05% for CRPT. On fees, WGMI is cheaper at 0.75% per year. On volatility, CRPT has been the lower-risk option at 16.68%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, WGMI has performed better with a 49.81% return vs 15.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
WGMI is cheaper with a 0.75% expense ratio, compared with 0.85% for CRPT.
CRPT has the higher dividend yield at 1.01%, compared with 0.00% for WGMI.
WGMI is categorized as Cryptocurrency, while CRPT is Technology Equities. They also come from different issuers: CoinShares and First Trust. Their fees differ too: 0.75% for WGMI and 0.85% for CRPT.
WGMI currently has the higher Sharpe Ratio (1.25 vs -0.87), 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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