BCOR vs. TOXR

Last updated Jun 4, 2026

BCOR (Grayscale Bitcoin Adopters ETF) and TOXR (21Shares XRP ETF) are both exchange-traded funds - BCOR is a Blockchain fund tracking the Indxx Bitcoin Adopters Index, while TOXR is a Cryptocurrency fund tracking the CME CF XRP-Dollar Reference Rate - New York Variant. Both are passively managed. A 0.75 correlation means they provide meaningful diversification when combined. BCOR charges 0.59%/yr vs 0.30%/yr for TOXR.

Performance

BCOR vs. TOXR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Grayscale Bitcoin Adopters ETF (BCOR) and 21Shares XRP ETF (TOXR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BCOR achieves a -2.23% return, which is significantly higher than TOXR's -34.38% return.

BCOR

• 1D: -2.77%
• 1M: -5.42%
• YTD: -2.23%
• 6M: -9.89%
• 1Y: -17.33%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TOXR

• 1D: -1.62%
• 1M: -14.04%
• YTD: -34.38%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BCOR vs. TOXR - Yearly Performance Comparison

	2026 (YTD)	2025
BCOR Grayscale Bitcoin Adopters ETF	-2.23%	-7.40%
TOXR 21Shares XRP ETF	-34.38%	-9.65%

Correlation

The correlation between BCOR and TOXR is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 12, 2025	0.75

Return for Risk

BCOR vs. TOXR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BCOR

BCOR Risk / Return Rank: 6
BCOR Sharpe Ratio Rank: 5
BCOR Sortino Ratio Rank: 6
BCOR Omega Ratio Rank: 6
BCOR Calmar Ratio Rank: 6
BCOR Martin Ratio Rank: 6

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BCOR vs. TOXR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Grayscale Bitcoin Adopters ETF (BCOR) and 21Shares XRP ETF (TOXR). 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.

	BCOR	TOXR	Difference
Sharpe ratio Return per unit of total volatility	-0.42	—	—
Sortino ratio Return per unit of downside risk	-0.37	—	—
Omega ratio Gain probability vs. loss probability	0.96	—	—
Calmar ratio Return relative to maximum drawdown	-0.40	—	—
Martin ratio Return relative to average drawdown	-0.75	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	BCOR	TOXR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.42	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.04	-0.92	+0.96

Drawdowns

BCOR vs. TOXR - Drawdown Comparison

The maximum BCOR drawdown since its inception was -42.99%, smaller than the maximum TOXR drawdown of -48.78%. Use the drawdown chart below to compare losses from any high point for BCOR and TOXR.

Drawdown Indicators

	BCOR	TOXR	Difference
Max Drawdown Largest peak-to-trough decline	-42.99%	-48.78%	+5.79%
Max Drawdown (1Y) Largest decline over 1 year	-42.99%	—	—
Current Drawdown Current decline from peak	-30.84%	-48.10%	+17.26%
Average Drawdown Average peak-to-trough decline	-18.11%	-31.50%	+13.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.12%	—	—

Volatility

Volatility by Period

	BCOR	TOXR	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.49%	—	—
Volatility (6M) Calculated over the trailing 6-month period	31.45%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	41.24%	73.16%	-31.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.93%	73.16%	-30.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.93%	73.16%	-30.23%

BCOR vs. TOXR - Expense Ratio Comparison

BCOR has a 0.59% expense ratio, which is higher than TOXR's 0.30% expense ratio.

Dividends

BCOR vs. TOXR - Dividend Comparison

BCOR's dividend yield for the trailing twelve months is around 3.17%, while TOXR has not paid dividends to shareholders.

Position	TTM	2025
BCOR Grayscale Bitcoin Adopters ETF	3.17%	3.10%
TOXR 21Shares XRP ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both BCOR and TOXR in my portfolio?

BCOR and TOXR have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BCOR or TOXR?

On fees, TOXR is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BCOR or TOXR?

TOXR is cheaper with a 0.30% expense ratio, compared with 0.59% for BCOR.

Which ETF pays a higher dividend yield, BCOR or TOXR?

BCOR has the higher dividend yield at 3.17%, compared with 0.00% for TOXR.

What is the main difference between BCOR and TOXR?

BCOR is categorized as Blockchain, while TOXR is Cryptocurrency. BCOR tracks Indxx Bitcoin Adopters Index, while TOXR tracks CME CF XRP-Dollar Reference Rate - New York Variant. They also come from different issuers: Grayscale and 21Shares. Their fees differ too: 0.59% for BCOR and 0.30% for TOXR.