BTIC.DE vs. XRPI

Last updated Apr 2, 2026

Compare and contrast key facts about Invesco Physical Bitcoin ETP (BTIC.DE) and Volatility Shares XRP ETF (XRPI).

BTIC.DE and XRPI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BTIC.DE is managed by Invesco. It was launched on Nov 23, 2021. XRPI is an actively managed fund by Volatility Shares. It was launched on May 22, 2025.

Performance

BTIC.DE vs. XRPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Physical Bitcoin ETP (BTIC.DE) and Volatility Shares XRP ETF (XRPI). The values are adjusted to include any dividend payments, if applicable.

BTIC.DE vs. XRPI - Yearly Performance Comparison

	2026 (YTD)	2025
BTIC.DE Invesco Physical Bitcoin ETP	-20.75%	-24.22%
XRPI Volatility Shares XRP ETF	-27.39%	-32.44%

Returns By Period

In the year-to-date period, BTIC.DE achieves a -20.75% return, which is significantly higher than XRPI's -27.39% return.

BTIC.DE

• 1D: 2.00%
• 1M: -0.13%
• YTD: -20.75%
• 6M: -40.88%
• 1Y: -24.81%
• 3Y*: 30.72%
• 5Y*: —
• 10Y*: —

XRPI

• 1D: 0.66%
• 1M: -3.76%
• YTD: -27.39%
• 6M: -56.76%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BTIC.DE vs. XRPI - Expense Ratio Comparison

BTIC.DE has a 0.10% expense ratio, which is lower than XRPI's 0.94% expense ratio.

XRPI

Volatility Shares XRP ETF

BTIC.DE

Invesco Physical Bitcoin ETP

Return for Risk

BTIC.DE vs. XRPI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BTIC.DE

BTIC.DE Risk / Return Rank: 3
BTIC.DE Sharpe Ratio Rank: 3
BTIC.DE Sortino Ratio Rank: 3
BTIC.DE Omega Ratio Rank: 4
BTIC.DE Calmar Ratio Rank: 4
BTIC.DE Martin Ratio Rank: 3

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BTIC.DE vs. XRPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Physical Bitcoin ETP (BTIC.DE) and Volatility Shares XRP ETF (XRPI). 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.

	BTIC.DE	XRPI	Difference
Sharpe ratio Return per unit of total volatility	-0.61	—	—
Sortino ratio Return per unit of downside risk	-0.70	—	—
Omega ratio Gain probability vs. loss probability	0.92	—	—
Calmar ratio Return relative to maximum drawdown	-0.53	—	—
Martin ratio Return relative to average drawdown	-1.14	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	BTIC.DE	XRPI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.61	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.08	-0.70	+0.79

Correlation

The correlation between BTIC.DE and XRPI is 0.70, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

BTIC.DE vs. XRPI - Dividend Comparison

BTIC.DE has not paid dividends to shareholders, while XRPI's dividend yield for the trailing twelve months is around 2.87%.

	TTM	2025
BTIC.DE Invesco Physical Bitcoin ETP	0.00%	0.00%
XRPI Volatility Shares XRP ETF	2.87%	1.54%

Drawdowns

BTIC.DE vs. XRPI - Drawdown Comparison

The maximum BTIC.DE drawdown since its inception was -70.64%, roughly equal to the maximum XRPI drawdown of -69.91%. Use the drawdown chart below to compare losses from any high point for BTIC.DE and XRPI.

Drawdown Indicators

	BTIC.DE	XRPI	Difference
Max Drawdown Largest peak-to-trough decline	-70.64%	-69.91%	-0.73%
Max Drawdown (1Y) Largest decline over 1 year	-49.42%	—	—
Current Drawdown Current decline from peak	-44.59%	-66.12%	+21.53%
Average Drawdown Average peak-to-trough decline	-31.05%	-34.59%	+3.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.00%	—	—

Volatility

Volatility by Period

	BTIC.DE	XRPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.19%	—	—
Volatility (6M) Calculated over the trailing 6-month period	32.67%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	40.24%	80.56%	-40.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	50.51%	80.56%	-30.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	50.51%	80.56%	-30.05%