BTRN vs. XRP
BTRN (Global X Bitcoin Trend Strategy ETF) and XRP (Bitwise XRP ETF) are both Cryptocurrency funds. BTRN is passively managed, while XRP is actively managed. At a 0.45 correlation, their price movements are largely independent. BTRN charges 0.95%/yr vs 0.34%/yr for XRP.
Performance
BTRN vs. XRP - Performance Comparison
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Returns By Period
In the year-to-date period, BTRN achieves a -10.70% return, which is significantly higher than XRP's -42.50% return.
BTRN
- 1D
- -1.00%
- 1M
- -8.78%
- YTD
- -10.70%
- 6M
- -10.71%
- 1Y
- -17.76%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XRP
- 1D
- -4.22%
- 1M
- -21.12%
- YTD
- -42.50%
- 6M
- -43.11%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BTRN vs. XRP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BTRN Global X Bitcoin Trend Strategy ETF | -10.70% | -0.55% |
XRP Bitwise XRP ETF | -42.50% | -15.03% |
Correlation
The correlation between BTRN and XRP is 0.45, 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 Nov 20, 2025 | 0.45 |
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Return for Risk
BTRN vs. XRP — Risk / Return Rank
BTRN
XRP
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BTRN vs. XRP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Bitcoin Trend Strategy ETF (BTRN) 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.
| BTRN | XRP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.83 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.67 | — | — |
| Martin ratioReturn relative to average drawdown | -1.12 | — | — |
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Drawdowns
BTRN vs. XRP - Drawdown Comparison
The maximum BTRN drawdown since its inception was -36.97%, smaller than the maximum XRP drawdown of -54.53%. Use the drawdown chart below to compare losses from any high point for BTRN and XRP.
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Drawdown Indicators
| BTRN | XRP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.97% | -54.53% | +17.56% |
Max Drawdown (1Y)Largest decline over 1 year | -26.45% | — | — |
Current DrawdownCurrent decline from peak | -26.45% | -54.53% | +28.08% |
Average DrawdownAverage peak-to-trough decline | -14.66% | -31.58% | +16.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.82% | — | — |
Volatility
BTRN vs. XRP - Volatility Comparison
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Volatility by Period
| BTRN | XRP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.71% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 10.21% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 18.61% | 76.03% | -57.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.59% | 76.03% | -45.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.59% | 76.03% | -45.44% |
BTRN vs. XRP - Expense Ratio Comparison
BTRN has a 0.95% expense ratio, which is higher than XRP's 0.34% expense ratio.
Dividends
BTRN vs. XRP - Dividend Comparison
BTRN's dividend yield for the trailing twelve months is around 31.08%, while XRP has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BTRN Global X Bitcoin Trend Strategy ETF | 31.08% | 27.76% | 2.56% |
XRP Bitwise XRP ETF | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BTRN and XRP have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 0.95% for BTRN.
BTRN has the higher dividend yield at 31.08%, compared with 0.00% for XRP.
They also come from different issuers: Global X and Bitwise. Their fees differ too: 0.95% for BTRN and 0.34% for XRP.
Find the right allocation for BTRN and XRP
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