BTC vs. XRP
BTC (Grayscale Bitcoin Mini Trust ETF) and XRP (Bitwise XRP ETF) are both Cryptocurrency funds. Both are actively managed. Their correlation of 0.89 suggests significant overlap in exposure. BTC charges 0.15%/yr vs 0.34%/yr for XRP.
Performance
BTC vs. XRP - Performance Comparison
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Returns By Period
In the year-to-date period, BTC achieves a -31.09% return, which is significantly higher than XRP's -40.20% return.
BTC
- 1D
- -5.02%
- 1M
- -25.92%
- YTD
- -31.09%
- 6M
- -32.52%
- 1Y
- -40.87%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XRP
- 1D
- -6.48%
- 1M
- -23.26%
- YTD
- -40.20%
- 6M
- -45.92%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BTC vs. XRP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BTC Grayscale Bitcoin Mini Trust ETF | -31.09% | 1.36% |
XRP Bitwise XRP ETF | -40.20% | -8.64% |
Correlation
The correlation between BTC and XRP is 0.89, 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 21, 2025 | 0.89 |
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Return for Risk
BTC vs. XRP — Risk / Return Rank
BTC
XRP
BTC vs. XRP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale Bitcoin Mini Trust ETF (BTC) 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.
| BTC | XRP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.85 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.79 | — | — |
| Martin ratioReturn relative to average drawdown | -1.42 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BTC | XRP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.93 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.09 | -0.91 | +0.82 |
Drawdowns
BTC vs. XRP - Drawdown Comparison
The maximum BTC drawdown since its inception was -51.97%, roughly equal to the maximum XRP drawdown of -52.72%. Use the drawdown chart below to compare losses from any high point for BTC and XRP.
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Drawdown Indicators
| BTC | XRP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.97% | -52.72% | +0.75% |
Max Drawdown (1Y)Largest decline over 1 year | -51.97% | — | — |
Current DrawdownCurrent decline from peak | -51.97% | -52.72% | +0.75% |
Average DrawdownAverage peak-to-trough decline | -16.76% | -30.02% | +13.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.74% | — | — |
Volatility
BTC vs. XRP - Volatility Comparison
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Volatility by Period
| BTC | XRP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.82% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 34.17% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 43.98% | 75.09% | -31.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.39% | 75.09% | -26.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.39% | 75.09% | -26.70% |
BTC vs. XRP - Expense Ratio Comparison
BTC has a 0.15% expense ratio, which is lower than XRP's 0.34% expense ratio.
Dividends
BTC vs. XRP - Dividend Comparison
Neither BTC nor XRP has paid dividends to shareholders.
Frequently Asked Questions
BTC 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, BTC is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BTC is cheaper with a 0.15% expense ratio, compared with 0.34% for XRP.
BTC and XRP have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Grayscale and Bitwise. Their fees differ too: 0.15% for BTC and 0.34% for XRP.
Find the right allocation for BTC and XRP
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