GXRP vs. BCDF
GXRP (Grayscale XRP Trust ETF) and BCDF (Horizon Kinetics Blockchain Development ETF) are both Cryptocurrency funds. GXRP is passively managed, while BCDF is actively managed. At a 0.36 correlation, their price movements are largely independent. GXRP charges 0.35%/yr vs 0.85%/yr for BCDF.
Performance
GXRP vs. BCDF - Performance Comparison
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Returns By Period
In the year-to-date period, GXRP achieves a -35.87% return, which is significantly lower than BCDF's 3.34% return.
GXRP
- 1D
- -2.33%
- 1M
- -17.12%
- YTD
- -35.87%
- 6M
- -44.38%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BCDF
- 1D
- 0.11%
- 1M
- -4.77%
- YTD
- 3.34%
- 6M
- 2.87%
- 1Y
- 6.42%
- 3Y*
- 15.27%
- 5Y*
- —
- 10Y*
- —
GXRP vs. BCDF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GXRP Grayscale XRP Trust ETF | -35.87% | -18.76% |
BCDF Horizon Kinetics Blockchain Development ETF | 3.34% | 1.70% |
Correlation
The correlation between GXRP and BCDF is 0.36, 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 25, 2025 | 0.36 |
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Return for Risk
GXRP vs. BCDF — Risk / Return Rank
GXRP
BCDF
GXRP vs. BCDF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale XRP Trust ETF (GXRP) and Horizon Kinetics Blockchain Development ETF (BCDF). 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.
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Sharpe Ratios by Period
| GXRP | BCDF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.44 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -1.00 | 0.39 | -1.40 |
Drawdowns
GXRP vs. BCDF - Drawdown Comparison
The maximum GXRP drawdown since its inception was -49.34%, which is greater than BCDF's maximum drawdown of -27.70%. Use the drawdown chart below to compare losses from any high point for GXRP and BCDF.
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Drawdown Indicators
| GXRP | BCDF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.34% | -27.70% | -21.64% |
Max Drawdown (1Y)Largest decline over 1 year | — | -7.63% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.46% | — |
Current DrawdownCurrent decline from peak | -49.34% | -7.53% | -41.81% |
Average DrawdownAverage peak-to-trough decline | -30.29% | -9.83% | -20.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.42% | — |
Volatility
GXRP vs. BCDF - Volatility Comparison
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Volatility by Period
| GXRP | BCDF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.17% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 11.03% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 71.66% | 14.75% | +56.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.66% | 16.94% | +54.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.66% | 16.94% | +54.72% |
GXRP vs. BCDF - Expense Ratio Comparison
GXRP has a 0.35% expense ratio, which is lower than BCDF's 0.85% expense ratio.
Dividends
GXRP vs. BCDF - Dividend Comparison
GXRP has not paid dividends to shareholders, while BCDF's dividend yield for the trailing twelve months is around 2.44%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BCDF Horizon Kinetics Blockchain Development ETF | 2.44% | 2.53% | 1.63% | 0.69% | 0.38% |
GXRP Grayscale XRP Trust ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GXRP and BCDF have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
GXRP is cheaper with a 0.35% expense ratio, compared with 0.85% for BCDF.
BCDF has the higher dividend yield at 2.44%, compared with 0.00% for GXRP.
They also come from different issuers: Grayscale and Horizon. Their fees differ too: 0.35% for GXRP and 0.85% for BCDF.
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