ETH vs. XRP

Last updated Jun 23, 2026

ETH (Grayscale Ethereum Staking Mini ETF) and XRP (Bitwise XRP ETF) are both Cryptocurrency funds. Both are actively managed. Their correlation of 0.88 suggests significant overlap in exposure. ETH charges 0.15%/yr vs 0.34%/yr for XRP.

Performance

ETH vs. XRP - Performance Comparison

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

Returns By Period

In the year-to-date period, ETH achieves a -41.30% return, which is significantly lower than XRP's -38.16% return.

ETH

• 1D: 1.60%
• 1M: -15.97%
• YTD: -41.30%
• 6M: -41.35%
• 1Y: -27.60%
• 3Y*: —
• 5Y*: —
• 10Y*: —

XRP

• 1D: -0.70%
• 1M: -15.17%
• YTD: -38.16%
• 6M: -40.31%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ETH vs. XRP - Yearly Performance Comparison

	2026 (YTD)	2025
ETH Grayscale Ethereum Staking Mini ETF	-41.30%	1.26%
XRP Bitwise XRP ETF	-38.16%	-15.03%

Correlation

The correlation between ETH and XRP is 0.88, 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 20, 2025	0.88

Return for Risk

ETH vs. XRP — Risk / Return Rank

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

ETH

ETH Risk / Return Rank: 6
ETH Sharpe Ratio Rank: 5
ETH Sortino Ratio Rank: 6
ETH Omega Ratio Rank: 6
ETH Calmar Ratio Rank: 5
ETH Martin Ratio Rank: 6

XRP

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

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.

ETH vs. XRP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Grayscale Ethereum Staking Mini ETF (ETH) 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.

	ETH	XRP	Difference
Sharpe ratio: Return per unit of total volatility	-0.40	—	—
Sortino ratio: Return per unit of downside risk	-0.18	—	—
Omega ratio: Gain probability vs. loss probability	0.98	—	—
Calmar ratio: Return relative to maximum drawdown	-0.41	—	—
Martin ratio: Return relative to average drawdown	-0.69	—	—

Drawdowns

ETH vs. XRP - Drawdown Comparison

The maximum ETH drawdown since its inception was -67.19%, which is greater than XRP's maximum drawdown of -52.72%. Use the drawdown chart below to compare losses from any high point for ETH and XRP.

Drawdown Indicators

	ETH	XRP	Difference
Max Drawdown Largest peak-to-trough decline	-67.19%	-52.72%	-14.47%
Max Drawdown (1Y) Largest decline over 1 year	-67.19%	—	—
Current Drawdown Current decline from peak	-63.85%	-51.10%	-12.75%
Average Drawdown Average peak-to-trough decline	-33.43%	-31.28%	-2.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	39.94%	—	—

Volatility

Volatility by Period

	ETH	XRP	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.53%	—	—
Volatility (6M) Calculated over the trailing 6-month period	46.79%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	69.07%	76.31%	-7.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	72.39%	76.31%	-3.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	72.39%	76.31%	-3.92%

ETH vs. XRP - Expense Ratio Comparison

ETH has a 0.15% expense ratio, which is lower than XRP's 0.34% expense ratio.

Dividends

ETH vs. XRP - Dividend Comparison

Neither ETH nor XRP has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ETH and XRP in my portfolio?

ETH and XRP have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ETH or XRP?

On fees, ETH is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ETH or XRP?

ETH is cheaper with a 0.15% expense ratio, compared with 0.34% for XRP.

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

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

What is the main difference between ETH and XRP?

They also come from different issuers: Grayscale and Bitwise. Their fees differ too: 0.15% for ETH and 0.34% for XRP.