BTC vs. XRPT
BTC (Grayscale Bitcoin Mini Trust ETF) and XRPT (Volatility Shares 2x XRP ETF) are both Cryptocurrency funds. Both are actively managed. Over the past year, BTC returned -43.60% vs -94.21% for XRPT. Their correlation of 0.84 means they have usually moved in the same direction. BTC charges 0.15%/yr vs 0.94%/yr for XRPT.
Performance
BTC vs. XRPT - Performance Comparison
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Returns By Period
In the year-to-date period, BTC achieves a -27.11% return, which is significantly higher than XRPT's -76.84% return.
BTC
- 1D
- 1.51%
- 1M
- 3.86%
- 6M
- -18.15%
- YTD
- -27.11%
- 1Y
- -43.60%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -2.17%
XRPT
- 1D
- 3.38%
- 1M
- -3.32%
- 6M
- -68.14%
- YTD
- -76.84%
- 1Y
- -94.21%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -88.57%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $40.45M | $40.65M | $54.59M | |
| $2.61M | $2.44M | $4.13M |
BTC vs. XRPT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BTC Grayscale Bitcoin Mini Trust ETF | -27.11% | -19.58% |
XRPT Volatility Shares 2x XRP ETF | -76.84% | -67.94% |
Correlation
The correlation between BTC and XRPT is 0.86, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.86 |
Correlation (All Time) Calculated using the full available price history since May 22, 2025 | 0.84 |
The correlation between BTC and XRPT has been stable across timeframes, ranging from 0.84 to 0.86 - a consistent structural relationship.
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Return for Risk
BTC vs. XRPT — Risk / Return Rank
BTC
XRPT
BTC vs. XRPT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale Bitcoin Mini Trust ETF (BTC) and Volatility Shares 2x XRP ETF (XRPT). 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.
| BTC | XRPT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | +0.40 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 0.80 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.82 | -0.99 | +0.17 |
| Martin ratioReturn relative to average drawdown | -1.26 | -1.23 | -0.03 |
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Drawdowns
BTC vs. XRPT - Drawdown Comparison
The maximum BTC drawdown since its inception was -53.30%, smaller than the maximum XRPT drawdown of -96.33%. Use the drawdown chart below to compare losses from any high point for BTC and XRPT.
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Drawdown Indicators
| BTC | XRPT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.30% | -96.33% | +43.03% |
Max Drawdown (1Y)Largest decline over 1 year | -53.30% | -95.55% | +42.25% |
Current DrawdownCurrent decline from peak | -49.20% | -96.10% | +46.90% |
Average DrawdownAverage peak-to-trough decline | -19.45% | -67.28% | +47.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.74% | 76.60% | -41.86% |
Volatility
BTC vs. XRPT - Volatility Comparison
The current volatility for Grayscale Bitcoin Mini Trust ETF (BTC) is 8.87%, while Volatility Shares 2x XRP ETF (XRPT) has a volatility of 23.81%. This indicates that BTC experiences smaller price fluctuations and is considered to be less risky than XRPT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTC | XRPT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.87% | 23.81% | -14.94% |
Volatility (6M)Calculated over the trailing 6-month period | 33.76% | 101.10% | -67.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.40% | 143.17% | -98.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.49% | 144.95% | -97.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.49% | 144.95% | -97.46% |
BTC vs. XRPT - Expense Ratio Comparison
BTC has a 0.15% expense ratio, which is lower than XRPT's 0.94% expense ratio.
Dividends
BTC vs. XRPT - Dividend Comparison
BTC has not paid dividends to shareholders, while XRPT's dividend yield for the trailing twelve months is around 6.86%.
| Position | TTM | 2025 |
|---|---|---|
BTC Grayscale Bitcoin Mini Trust ETF | 0.00% | 0.00% |
XRPT Volatility Shares 2x XRP ETF | 6.86% | 1.23% |
Frequently Asked Questions
BTC and XRPT have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XRPT has higher volatility (23.81%) compared to BTC (8.87%). In terms of maximum drawdown, BTC dropped -53.30% vs XRPT's -96.33%.
On 1-year performance, BTC leads with -43.60% vs -94.21% for XRPT. On fees, BTC is cheaper at 0.15% per year. On volatility, BTC has been the lower-risk option at 8.87%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BTC has performed better with a -43.60% return vs -94.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BTC is cheaper with a 0.15% expense ratio, compared with 0.94% for XRPT.
XRPT has the higher dividend yield at 6.86%, compared with 0.00% for BTC.
They also come from different issuers: Grayscale and Volatility Shares. Their fees differ too: 0.15% for BTC and 0.94% for XRPT.
XRPT currently has the higher Sharpe Ratio (-0.66 vs -0.99), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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