CRPT
First Trust SkyBridge Crypto Industry and Digital Economy ETF
CRPT actively invests in companies supporting the crypto industry and the digital economy around the world.
Fund Basics
| Fund sponsor | Charger Corp. |
| Category | Global Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Sep 20, 2021 |
| Assets (mns) | $17 |
| Expense ratio | 85 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| MICROSTRATEGY INC-CL A | 21.2 % |
| COINBASE GLOBAL, INC. CLASS A | 20.8 % |
| GALAXY DIGITAL HOLDINGS LTD. | 12.5 % |
| BLOCK INC. | 11.1 % |
| RIOT BLOCKCHAIN INC | 9.1 % |
| MARATHON DIGITAL HOLDINGS INC | 9.0 % |
| PAYPAL HOLDINGS INC | 3.2 % |
| ROBINHOOD MARKETS, INC. CLASS A | 2.4 % |
| META PLATFORMS INC | 0.8 % |
| NVIDIA CORP | 0.8 % |
Constituent Breakdown
| Number of holdings | 31 |
| Herfindahl-Hirschman Index | 1,189 |
| Wgt avg mkt cap (mns) | $37,105 |
| Large cap (>$10bn) | 31.3% |
| Mid cap ($2-10bn) | 35.3% |
| Small cap (<$2bn) | 30.4% |
| Developed mkts. | 97.4% |
| Emerging mkts. | 2.6% |
Country Exposure
 |
UNITED STATES | 97.7 % |
Historical Performance
Standardized Annual Returns (as of 02/28/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 38.2% | -67.3% | -- | -- | -- | -- | -62.6% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 2.27 | 36% |
| MSCI EAFE | 1.50 | 15% |
| MSCI Emg Mkts | 0.38 | 1% |
Liquidity Measures
| Avg. volume (000) | 39 |
| Turnover | 1.1% |
| Avg. Bid/Ask (% of price) | 1.07% |
| ADV of underlying (mns) | $34,040 |
Technical Indicators
| Recent close | $4.78 |
| 30d moving avg. | $4.51 |
| Annualized volatility | 82.3% |
| Relative strength (RSI) | 44 |
| Short interest (ETF) | 0.2% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. CRPT |
Expenses vs. CRPT |
ALTAR Score™ vs. CRPT |
|---|---|---|---|---|
| IBLC | iShares Blockchain and Tech ETF | 50.2% | -38 bp | -28.6% |
| BKCH | Global X Blockchain ETF | 48.0% | -35 bp | -29.1% |
| STCE | Schwab Crypto Thematic ETF | 47.5% | -55 bp | -4.2% |
| BITQ | Bitwise Crypto Industry Innovators ETF | 47.4% | 0 bp | -21.3% |
| DAPP | VanEck Digital Transformation ETF | 43.3% | -35 bp | -85.5% |
| GFOF | Grayscale Future of Finance ETF | 42.5% | -15 bp | -2.7% |
| FDIG | Fidelity Crypto Industry and Digital Payments ETF | 37.6% | -46 bp | -0.5% |
| SATO | Invesco Alerian Galaxy Crypto Economy ETF | 34.9% | -25 bp | -23.1% |
| BLOK | Amplify Transformational Data Sharing ETF | 33.0% | -14 bp | +2.4% |
| DAM | VanEck Digital Assets Mining ETF | 28.3% | -35 bp | -305.2% |
Risk and Returns: CRPT vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2017 | 2018 | 2019 | 2020 | 2021 | 2022E | 2023E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2021 | 2022E | Fwd Est | 2023E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 3/17/2023
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
CRPT
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
CRPT
0.6%
Cat. Avg
4.4%
Fund Category: Global Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 0.6% |
Recommendation
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
Category Overview
There are 338 funds in the Global Equities category, with an average ALTAR Score™
of 4.4% and a standard deviation of
5.0%. CRPT's ALTAR Score™ is approximately
0.8 standard deviations
below
the category average. This places CRPT in the 22nd percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
CRPT
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
Today's Trading
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Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| CRPT | 85.0 | 106.8 | 191.8 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .