CRPT vs SPXL
First Trust SkyBridge Crypto Industry and Digital Economy ETF vs Direxion Daily S&P 500 Bull 3X ETF
Which is better, CRPT or SPXL?
SPXL has been ahead.
CRPT has a lower expense ratio. SPXL led over 1Y, 3Y, 5Y and the full window. SPXL is less concentrated, with 48.3% of the fund in its ten largest positions against 88.9%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | CRPT | SPXL |
|---|---|---|
| Expense Ratio | 0.85%Best | 0.87% |
| AUM | $112M | $7.4B |
| Dividend Yield | 0.73% | 0.52% |
| Holdings | 44 | 1,030 |
| YTD Return | -11.05% | +30.47%Best |
| 1Y Return | -37.40% | +39.94%Best |
| 3Y Return (annualized) | +43.32% | +52.99%Best |
| 5Y Return (annualized) | -6.52% | +20.66%Best |
| Volatility (annualized) | 74.8% | 47.1%Best |
| Max Drawdown | -88.3% | -63.8%Best |
| $10,000 over 5 years | $7,138 | $25,575Best |
| Top 10 Weight | 88.9% | 48.3%Best |
| Fund Family | First Trust Portfolios (US) | Direxion Shares ETF Trust |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Sep 20, 2021 | Nov 5, 2008 |
Volatility and max drawdown are measured over the window both funds cover: Sep 21, 2021 to Oct 14, 2026 (5.1 years).
CRPT vs SPXL growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 5.1 years both funds cover.
CRPT vs SPXL Performance
First Trust SkyBridge Crypto Industry and Digital Economy ETF (CRPT) is an ETF from First Trust Portfolios (US) and Direxion Daily S&P 500 Bull 3X ETF (SPXL) is an ETF from Direxion Shares ETF Trust. Over the past year CRPT returned -37.40% while SPXL returned +39.94%. Year to date, CRPT is down 11.05% versus a gain of 30.47% for SPXL.
Over three years, CRPT compounded at +43.32% per year against +52.99% for SPXL; over five years the annualized figures are -6.52% and +20.66% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CRPT has been the more volatile fund, with annualized monthly volatility of 74.8% compared with 47.1% for SPXL. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -88.3% for CRPT and -63.8% for SPXL. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.66. They move together some of the time, and apart the rest.
Fees and Cost Over Time
CRPT charges 0.85% per year while SPXL charges 0.87%. On a $10,000 position that is $85 vs $87 annually, a gap of $2 per year that compounds over a long holding period. On income, CRPT currently yields 0.73% against 0.52% for SPXL.
Holdings Overlap
20.1% of CRPT's money is in holdings SPXL also owns. 0.1% of SPXL's money is in holdings CRPT also owns.
CRPT and SPXL share little of their money.
2 positions in common, counted across the 20 positions we hold weights for in CRPT and 506 in SPXL, against full books of 44 and 1,030.
What only one of them owns
Our book lists 497 positions for SPXL that do not appear in our book for CRPT (96.9% of the fund), and 14 for CRPT that do not appear in SPXL (67.3%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
20.1% of CRPT is already inside SPXL.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, CRPT or SPXL?
CRPT has an expense ratio of 0.85% while SPXL charges 0.87%. CRPT is the cheaper option, by $2 a year on a $10,000 investment.
Which performed better, CRPT or SPXL?
Over the past year CRPT returned -37.40% vs +39.94% for SPXL, so SPXL leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CRPT or SPXL?
CRPT has been the more volatile fund at 74.8% annualized versus 47.1% for SPXL. Worst drawdown: CRPT -88.3% vs SPXL -63.8%.
Should I hold both CRPT and SPXL?
CRPT and SPXL have a monthly-return correlation of 0.66, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between CRPT and SPXL?
20.1% of CRPT's money is in holdings SPXL also owns. 0.1% of SPXL's is in holdings CRPT also owns. They hold 2 positions in common, counted across the 20 positions we hold weights for in CRPT and 506 in SPXL.
Which pays a higher dividend, CRPT or SPXL?
CRPT yields 0.73% while SPXL yields 0.52%, so CRPT currently pays the higher dividend yield.
Is SPXL better than CRPT?
CRPT has a lower expense ratio. SPXL led over 1Y, 3Y, 5Y and the full window. SPXL is less concentrated, with 48.3% of the fund in its ten largest positions against 88.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.