BITB vs. XRP
BITB (Bitwise Bitcoin ETF) and XRP (Bitwise XRP ETF) are both Cryptocurrency funds from Bitwise. BITB is passively managed, while XRP is actively managed. Their correlation of 0.89 means they have usually moved in the same direction. BITB charges 0.20%/yr vs 0.34%/yr for XRP.
Performance
BITB vs. XRP - Performance Comparison
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Returns By Period
In the year-to-date period, BITB achieves a -28.24% return, which is significantly higher than XRP's -42.20% return.
BITB
- 1D
- -2.87%
- 1M
- 2.34%
- 6M
- -25.01%
- YTD
- -28.24%
- 1Y
- -44.51%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 9.94%
XRP
- 1D
- -2.55%
- 1M
- -2.15%
- 6M
- -39.05%
- YTD
- -42.20%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $37.99M | $39.08M | $56.07M | |
| $6.68M | $6.54M | $8.54M |
BITB vs. XRP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BITB Bitwise Bitcoin ETF | -28.24% | -2.18% |
XRP Bitwise XRP ETF | -42.20% | -15.03% |
Correlation
The correlation between BITB and XRP is 0.89, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 20, 2025 | 0.89 |
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Return for Risk
BITB vs. XRP — Risk / Return Rank
BITB
XRP
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BITB vs. XRP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitwise Bitcoin ETF (BITB) 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.
| BITB | XRP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.83 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.87 | — | — |
| Martin ratioReturn relative to average drawdown | -1.34 | — | — |
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Drawdowns
BITB vs. XRP - Drawdown Comparison
The maximum BITB drawdown since its inception was -53.33%, roughly equal to the maximum XRP drawdown of -55.49%. Use the drawdown chart below to compare losses from any high point for BITB and XRP.
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Drawdown Indicators
| BITB | XRP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.33% | -55.49% | +2.16% |
Max Drawdown (1Y)Largest decline over 1 year | -53.33% | — | — |
Current DrawdownCurrent decline from peak | -50.01% | -54.30% | +4.29% |
Average DrawdownAverage peak-to-trough decline | -18.25% | -34.80% | +16.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.64% | — | — |
Volatility
BITB vs. XRP - Volatility Comparison
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Volatility by Period
| BITB | XRP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.04% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 33.71% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 44.37% | 71.75% | -27.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.38% | 71.75% | -22.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.38% | 71.75% | -22.37% |
BITB vs. XRP - Expense Ratio Comparison
BITB has a 0.20% expense ratio, which is lower than XRP's 0.34% expense ratio.
Dividends
BITB vs. XRP - Dividend Comparison
Neither BITB nor XRP has paid dividends to shareholders.
Frequently Asked Questions
BITB and XRP have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BITB is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BITB is cheaper with a 0.20% expense ratio, compared with 0.34% for XRP.
BITB and XRP have nearly identical dividend yields, around 0.00%.
Their fees differ too: 0.20% for BITB and 0.34% for XRP.
Find the right allocation for BITB and XRP
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