GLNK vs. GXRP

Last updated Jun 25, 2026

GLNK (Grayscale Chainlink Trust ETF) and GXRP (Grayscale XRP Trust ETF) are both Cryptocurrency funds from Grayscale - GLNK tracks the Chainlink (LINK) while GXRP tracks the CoinDesk XRP Reference Rate Index. Both are passively managed. Their correlation of 0.92 suggests significant overlap in exposure. GLNK charges 2.50%/yr vs 0.35%/yr for GXRP.

Performance

GLNK vs. GXRP - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with GLNK having a -41.16% return and GXRP slightly lower at -42.34%.

GLNK

• 1D: -4.61%
• 1M: -23.60%
• YTD: -41.16%
• 6M: -40.59%
• 1Y: -64.29%
• 3Y*: -13.05%
• 5Y*: —
• 10Y*: —

GXRP

• 1D: -4.30%
• 1M: -21.08%
• YTD: -42.34%
• 6M: -42.95%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GLNK vs. GXRP - Yearly Performance Comparison

	2026 (YTD)	2025
GLNK Grayscale Chainlink Trust ETF	-41.16%	-28.00%
GXRP Grayscale XRP Trust ETF	-42.34%	-11.43%

Correlation

The correlation between GLNK and GXRP 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 Nov 24, 2025	0.92

Return for Risk

GLNK vs. GXRP — Risk / Return Rank

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

GLNK

GLNK Risk / Return Rank: 4
GLNK Sharpe Ratio Rank: 4
GLNK Sortino Ratio Rank: 5
GLNK Omega Ratio Rank: 5
GLNK Calmar Ratio Rank: 3
GLNK Martin Ratio Rank: 5

GXRP

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.

GLNK vs. GXRP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Grayscale Chainlink Trust ETF (GLNK) and Grayscale XRP Trust ETF (GXRP). 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.

	GLNK	GXRP	Difference
Sharpe ratio: Return per unit of total volatility	-0.60	—	—
Sortino ratio: Return per unit of downside risk	-0.62	—	—
Omega ratio: Gain probability vs. loss probability	0.93	—	—
Calmar ratio: Return relative to maximum drawdown	-0.72	—	—
Martin ratio: Return relative to average drawdown	-0.92	—	—

Drawdowns

GLNK vs. GXRP - Drawdown Comparison

The maximum GLNK drawdown since its inception was -96.22%, which is greater than GXRP's maximum drawdown of -54.45%. Use the drawdown chart below to compare losses from any high point for GLNK and GXRP.

Drawdown Indicators

	GLNK	GXRP	Difference
Max Drawdown Largest peak-to-trough decline	-96.22%	-54.45%	-41.77%
Max Drawdown (1Y) Largest decline over 1 year	-89.40%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-96.22%	—	—
Current Drawdown Current decline from peak	-96.22%	-54.45%	-41.77%
Average Drawdown Average peak-to-trough decline	-56.20%	-31.90%	-24.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	69.80%	—	—

Volatility

Volatility by Period

	GLNK	GXRP	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.39%	—	—
Volatility (6M) Calculated over the trailing 6-month period	47.13%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	107.93%	73.51%	+34.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	163.91%	73.51%	+90.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	163.91%	73.51%	+90.40%

GLNK vs. GXRP - Expense Ratio Comparison

GLNK has a 2.50% expense ratio, which is higher than GXRP's 0.35% expense ratio.

Dividends

GLNK vs. GXRP - Dividend Comparison

Neither GLNK nor GXRP has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both GLNK and GXRP in my portfolio?

With a correlation of 0.92, GLNK and GXRP 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, GLNK or GXRP?

On fees, GXRP is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GLNK or GXRP?

GXRP is cheaper with a 0.35% expense ratio, compared with 2.50% for GLNK.

Which ETF pays a higher dividend yield, GLNK or GXRP?

GLNK and GXRP have nearly identical dividend yields, around 0.00%.

What is the main difference between GLNK and GXRP?

GLNK tracks Chainlink (LINK), while GXRP tracks CoinDesk XRP Reference Rate Index. Their fees differ too: 2.50% for GLNK and 0.35% for GXRP.