BAVA vs. XRP

Last updated Jul 1, 2026

BAVA (Bitwise Avalanche ETF) and XRP (Bitwise XRP ETF) are both Cryptocurrency funds from Bitwise. Both are actively managed. Their correlation of 0.85 suggests significant overlap in exposure.

Performance

BAVA vs. XRP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bitwise Avalanche ETF (BAVA) and Bitwise XRP ETF (XRP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BAVA

• 1D: -2.24%
• 1M: -25.27%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

XRP

• 1D: -2.83%
• 1M: -21.00%
• YTD: -43.18%
• 6M: -44.34%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BAVA vs. XRP - Yearly Performance Comparison

	2026 (YTD)
BAVA Bitwise Avalanche ETF	-29.45%
XRP Bitwise XRP ETF	-23.54%

Correlation

The correlation between BAVA and XRP is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 15, 2026	0.85

Return for Risk

BAVA vs. XRP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bitwise Avalanche ETF (BAVA) and Bitwise XRP ETF (XRP). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

BAVA vs. XRP - Drawdown Comparison

The maximum BAVA drawdown since its inception was -40.15%, smaller than the maximum XRP drawdown of -55.49%. Use the drawdown chart below to compare losses from any high point for BAVA and XRP.

Drawdown Indicators

	BAVA	XRP	Difference
Max Drawdown Largest peak-to-trough decline	-40.15%	-55.49%	+15.34%
Current Drawdown Current decline from peak	-35.39%	-55.07%	+19.68%
Average Drawdown Average peak-to-trough decline	-16.47%	-32.19%	+15.72%

Volatility

Volatility by Period

	BAVA	XRP	Difference
Volatility (1Y) Calculated over the trailing 1-year period	53.55%	75.23%	-21.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	53.55%	75.23%	-21.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	53.55%	75.23%	-21.68%

Dividends

BAVA vs. XRP - Dividend Comparison

Neither BAVA nor XRP has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both BAVA and XRP in my portfolio?

BAVA and XRP have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF pays a higher dividend yield, BAVA or XRP?

BAVA and XRP have nearly identical dividend yields, around 0.00%.