BITW vs. XRP
BITW (Bitwise 10 Crypto Index ETF) and XRP (Bitwise XRP ETF) are both Cryptocurrency funds from Bitwise. BITW is passively managed, while XRP is actively managed. Their correlation of 0.91 suggests significant overlap in exposure. BITW charges 0.75%/yr vs 0.34%/yr for XRP.
Performance
BITW vs. XRP - Performance Comparison
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Returns By Period
In the year-to-date period, BITW achieves a -30.09% return, which is significantly higher than XRP's -38.16% return.
BITW
- 1D
- 1.83%
- 1M
- -15.18%
- YTD
- -30.09%
- 6M
- -31.04%
- 1Y
- -33.61%
- 3Y*
- 53.76%
- 5Y*
- 3.43%
- 10Y*
- —
XRP
- 1D
- -0.70%
- 1M
- -15.17%
- YTD
- -38.16%
- 6M
- -40.31%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BITW vs. XRP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BITW Bitwise 10 Crypto Index ETF | -30.09% | -0.41% |
XRP Bitwise XRP ETF | -38.16% | -15.03% |
Correlation
The correlation between BITW and XRP is 0.91, 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 Nov 20, 2025 | 0.91 |
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Return for Risk
BITW vs. XRP — Risk / Return Rank
BITW
XRP
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BITW vs. XRP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitwise 10 Crypto Index ETF (BITW) 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.
| BITW | XRP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.91 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.61 | — | — |
| Martin ratioReturn relative to average drawdown | -1.04 | — | — |
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Drawdowns
BITW vs. XRP - Drawdown Comparison
The maximum BITW drawdown since its inception was -96.46%, which is greater than XRP's maximum drawdown of -52.72%. Use the drawdown chart below to compare losses from any high point for BITW and XRP.
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Drawdown Indicators
| BITW | XRP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.46% | -52.72% | -43.74% |
Max Drawdown (1Y)Largest decline over 1 year | -55.51% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -55.51% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -91.93% | — | — |
Current DrawdownCurrent decline from peak | -70.45% | -51.10% | -19.35% |
Average DrawdownAverage peak-to-trough decline | -69.56% | -31.28% | -38.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 32.38% | — | — |
Volatility
BITW vs. XRP - Volatility Comparison
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Volatility by Period
| BITW | XRP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.95% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 37.24% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 49.88% | 76.31% | -26.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 65.58% | 76.31% | -10.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 108.37% | 76.31% | +32.06% |
BITW vs. XRP - Expense Ratio Comparison
BITW has a 0.75% expense ratio, which is higher than XRP's 0.34% expense ratio.
Dividends
BITW vs. XRP - Dividend Comparison
Neither BITW nor XRP has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.91, BITW and XRP move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 0.75% for BITW.
BITW and XRP have nearly identical dividend yields, around 0.00%.
Their fees differ too: 0.75% for BITW and 0.34% for XRP.
Find the right allocation for BITW and XRP
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