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WGMI vs. CRPT
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


WGMICRPT
YTD Return47.67%93.69%
1Y Return179.29%211.39%
Sharpe Ratio1.992.61
Sortino Ratio2.593.06
Omega Ratio1.291.34
Calmar Ratio2.552.82
Martin Ratio6.7611.56
Ulcer Index25.63%19.09%
Daily Std Dev87.18%84.65%
Max Drawdown-85.76%-88.34%
Current Drawdown-7.13%-29.11%

Correlation

-0.50.00.51.00.9

The correlation between WGMI and CRPT is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Performance

WGMI vs. CRPT - Performance Comparison

In the year-to-date period, WGMI achieves a 47.67% return, which is significantly lower than CRPT's 93.69% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-40.00%-20.00%0.00%20.00%40.00%JuneJulyAugustSeptemberOctoberNovember
1.88%
31.94%
WGMI
CRPT

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WGMI vs. CRPT - Expense Ratio Comparison

WGMI has a 0.75% expense ratio, which is lower than CRPT's 0.85% expense ratio.


CRPT
First Trust SkyBridge Crypto Industry & Digital Economy ETF
Expense ratio chart for CRPT: current value at 0.85% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.85%
Expense ratio chart for WGMI: current value at 0.75% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.75%

Risk-Adjusted Performance

WGMI vs. CRPT - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Valkyrie 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.


WGMI
Sharpe ratio
The chart of Sharpe ratio for WGMI, currently valued at 1.99, compared to the broader market-2.000.002.004.001.99
Sortino ratio
The chart of Sortino ratio for WGMI, currently valued at 2.59, compared to the broader market-2.000.002.004.006.008.0010.0012.002.59
Omega ratio
The chart of Omega ratio for WGMI, currently valued at 1.29, compared to the broader market1.001.502.002.503.001.29
Calmar ratio
The chart of Calmar ratio for WGMI, currently valued at 2.55, compared to the broader market0.005.0010.0015.002.55
Martin ratio
The chart of Martin ratio for WGMI, currently valued at 6.76, compared to the broader market0.0020.0040.0060.0080.00100.00120.006.76
CRPT
Sharpe ratio
The chart of Sharpe ratio for CRPT, currently valued at 2.61, compared to the broader market-2.000.002.004.002.61
Sortino ratio
The chart of Sortino ratio for CRPT, currently valued at 3.06, compared to the broader market-2.000.002.004.006.008.0010.0012.003.06
Omega ratio
The chart of Omega ratio for CRPT, currently valued at 1.34, compared to the broader market1.001.502.002.503.001.34
Calmar ratio
The chart of Calmar ratio for CRPT, currently valued at 3.48, compared to the broader market0.005.0010.0015.003.48
Martin ratio
The chart of Martin ratio for CRPT, currently valued at 11.56, compared to the broader market0.0020.0040.0060.0080.00100.00120.0011.56

WGMI vs. CRPT - Sharpe Ratio Comparison

The current WGMI Sharpe Ratio is 1.99, which is comparable to the CRPT Sharpe Ratio of 2.61. The chart below compares the historical Sharpe Ratios of WGMI and CRPT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.501.001.502.002.50JuneJulyAugustSeptemberOctoberNovember
1.99
2.61
WGMI
CRPT

Dividends

WGMI vs. CRPT - Dividend Comparison

WGMI's dividend yield for the trailing twelve months is around 0.21%, while CRPT has not paid dividends to shareholders.


TTM202320222021
WGMI
Valkyrie Bitcoin Miners ETF
0.21%0.31%0.00%0.00%
CRPT
First Trust SkyBridge Crypto Industry & Digital Economy ETF
0.00%0.00%0.03%1.16%

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. For additional features, visit the drawdowns tool.


-50.00%-40.00%-30.00%-20.00%-10.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-7.13%
0
WGMI
CRPT

Volatility

WGMI vs. CRPT - Volatility Comparison

The current volatility for Valkyrie Bitcoin Miners ETF (WGMI) is 26.12%, while First Trust SkyBridge Crypto Industry & Digital Economy ETF (CRPT) has a volatility of 29.31%. This indicates that WGMI 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.


15.00%20.00%25.00%30.00%JuneJulyAugustSeptemberOctoberNovember
26.12%
29.31%
WGMI
CRPT