CLNK vs. XRP

Last updated Jun 4, 2026

CLNK (Bitwise Chainlink ETF) and XRP (Bitwise XRP ETF) are both Cryptocurrency funds from Bitwise. CLNK is passively managed, while XRP is actively managed. Their correlation of 0.92 suggests significant overlap in exposure. Both charge a 0.34% expense ratio.

Performance

CLNK vs. XRP - Performance Comparison

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

Returns By Period

CLNK

• 1D: -4.18%
• 1M: -12.86%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

XRP

• 1D: -1.54%
• 1M: -14.12%
• YTD: -34.50%
• 6M: -45.52%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CLNK vs. XRP - Yearly Performance Comparison

	2026 (YTD)
CLNK Bitwise Chainlink ETF	-41.92%
XRP Bitwise XRP ETF	-44.32%

Correlation

The correlation between CLNK and XRP is 0.92, 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 Jan 15, 2026	0.92

Return for Risk

CLNK vs. XRP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bitwise Chainlink ETF (CLNK) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	CLNK	XRP	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-1.14	-0.83	-0.30

Drawdowns

CLNK vs. XRP - Drawdown Comparison

The maximum CLNK drawdown since its inception was -43.56%, smaller than the maximum XRP drawdown of -48.71%. Use the drawdown chart below to compare losses from any high point for CLNK and XRP.

Drawdown Indicators

	CLNK	XRP	Difference
Max Drawdown Largest peak-to-trough decline	-43.56%	-48.71%	+5.15%
Current Drawdown Current decline from peak	-41.92%	-48.21%	+6.29%
Average Drawdown Average peak-to-trough decline	-32.34%	-29.70%	-2.64%

Volatility

Volatility by Period

	CLNK	XRP	Difference
Volatility (1Y) Calculated over the trailing 1-year period	67.16%	75.13%	-7.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	67.16%	75.13%	-7.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	67.16%	75.13%	-7.97%

CLNK vs. XRP - Expense Ratio Comparison

Both CLNK and XRP have an expense ratio of 0.34%.

Dividends

CLNK vs. XRP - Dividend Comparison

Neither CLNK nor XRP has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both CLNK and XRP in my portfolio?

With a correlation of 0.92, CLNK and XRP move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, CLNK or XRP?

Both ETFs have the same 0.34% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CLNK or XRP?

CLNK and XRP have the same expense ratio: 0.34% per year.

Which ETF pays a higher dividend yield, CLNK or XRP?

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