BPRO vs. XRP

Last updated Jul 1, 2026

BPRO (Bitwise Proficio Currency Debasement ETF) and XRP (Bitwise XRP ETF) are both exchange-traded funds - BPRO is a Multistrategy fund actively managed by Bitwise, while XRP is a Cryptocurrency fund actively managed by Bitwise. Both are actively managed. At a 0.47 correlation, their price movements are largely independent.

Performance

BPRO vs. XRP - Performance Comparison

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

Returns By Period

BPRO

• 1D: 0.08%
• 1M: -13.53%
• 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)

BPRO vs. XRP - Yearly Performance Comparison

	2026 (YTD)
BPRO Bitwise Proficio Currency Debasement ETF	-24.12%
XRP Bitwise XRP ETF	-47.12%

Correlation

The correlation between BPRO and XRP is 0.47, 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 Jan 22, 2026	0.47

Return for Risk

BPRO vs. XRP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bitwise Proficio Currency Debasement ETF (BPRO) 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

BPRO vs. XRP - Drawdown Comparison

The maximum BPRO drawdown since its inception was -34.80%, smaller than the maximum XRP drawdown of -55.49%. Use the drawdown chart below to compare losses from any high point for BPRO and XRP.

Drawdown Indicators

	BPRO	XRP	Difference
Max Drawdown Largest peak-to-trough decline	-34.80%	-55.49%	+20.69%
Current Drawdown Current decline from peak	-34.24%	-55.07%	+20.83%
Average Drawdown Average peak-to-trough decline	-20.64%	-32.19%	+11.55%

Volatility

Volatility by Period

	BPRO	XRP	Difference
Volatility (1Y) Calculated over the trailing 1-year period	45.13%	75.23%	-30.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	45.13%	75.23%	-30.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	45.13%	75.23%	-30.10%

Dividends

BPRO vs. XRP - Dividend Comparison

Neither BPRO nor XRP has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both BPRO and XRP in my portfolio?

BPRO and XRP have a correlation of 0.47, 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, BPRO or XRP?

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

What is the main difference between BPRO and XRP?

BPRO is categorized as Multistrategy, while XRP is Cryptocurrency.