BITC vs. XRP
BITC (Bitwise Bitcoin Strategy Optimum Roll ETF) and XRP (Bitwise XRP ETF) are both Cryptocurrency funds from Bitwise. Both are actively managed. At a 0.48 correlation, their price movements are largely independent. BITC charges 0.88%/yr vs 0.34%/yr for XRP.
Performance
BITC vs. XRP - Performance Comparison
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Returns By Period
In the year-to-date period, BITC achieves a 3.58% return, which is significantly higher than XRP's -39.96% return.
BITC
- 1D
- -3.33%
- 1M
- -3.10%
- YTD
- 3.58%
- 6M
- 3.49%
- 1Y
- -13.86%
- 3Y*
- 28.98%
- 5Y*
- —
- 10Y*
- —
XRP
- 1D
- -2.92%
- 1M
- -17.65%
- YTD
- -39.96%
- 6M
- -41.56%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BITC vs. XRP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BITC Bitwise Bitcoin Strategy Optimum Roll ETF | 3.58% | -7.48% |
XRP Bitwise XRP ETF | -39.96% | -15.03% |
Correlation
The correlation between BITC and XRP is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 20, 2025 | 0.48 |
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Return for Risk
BITC vs. XRP — Risk / Return Rank
BITC
XRP
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BITC vs. XRP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitwise Bitcoin Strategy Optimum Roll ETF (BITC) 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.
| BITC | XRP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.90 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.52 | — | — |
| Martin ratioReturn relative to average drawdown | -0.73 | — | — |
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Drawdowns
BITC vs. XRP - Drawdown Comparison
The maximum BITC drawdown since its inception was -38.51%, smaller than the maximum XRP drawdown of -52.72%. Use the drawdown chart below to compare losses from any high point for BITC and XRP.
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Drawdown Indicators
| BITC | XRP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.51% | -52.72% | +14.21% |
Max Drawdown (1Y)Largest decline over 1 year | -26.51% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -38.51% | — | — |
Current DrawdownCurrent decline from peak | -28.82% | -52.52% | +23.70% |
Average DrawdownAverage peak-to-trough decline | -16.51% | -31.42% | +14.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.94% | — | — |
Volatility
BITC vs. XRP - Volatility Comparison
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Volatility by Period
| BITC | XRP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.42% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 19.00% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 25.12% | 76.12% | -51.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.29% | 76.12% | -29.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.29% | 76.12% | -29.83% |
BITC vs. XRP - Expense Ratio Comparison
BITC has a 0.88% expense ratio, which is higher than XRP's 0.34% expense ratio.
Dividends
BITC vs. XRP - Dividend Comparison
BITC's dividend yield for the trailing twelve months is around 3.25%, while XRP has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BITC Bitwise Bitcoin Strategy Optimum Roll ETF | 3.25% | 3.36% | 42.68% | 5.82% |
XRP Bitwise XRP ETF | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BITC and XRP have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XRP is cheaper at 0.34% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XRP is cheaper with a 0.34% expense ratio, compared with 0.88% for BITC.
BITC has the higher dividend yield at 3.25%, compared with 0.00% for XRP.
Their fees differ too: 0.88% for BITC and 0.34% for XRP.
Find the right allocation for BITC and XRP
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