GXRP vs. BTC
GXRP (Grayscale XRP Trust ETF) and BTC (Grayscale Bitcoin Mini Trust ETF) are both Cryptocurrency funds from Grayscale. GXRP is passively managed, while BTC is actively managed. Their correlation of 0.88 suggests significant overlap in exposure. GXRP charges 0.35%/yr vs 0.15%/yr for BTC.
Performance
GXRP vs. BTC - 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 BTC's -27.45% return.
GXRP
- 1D
- -2.33%
- 1M
- -17.12%
- YTD
- -35.87%
- 6M
- -44.38%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BTC
- 1D
- -2.80%
- 1M
- -22.20%
- YTD
- -27.45%
- 6M
- -31.41%
- 1Y
- -39.58%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GXRP vs. BTC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GXRP Grayscale XRP Trust ETF | -35.87% | -18.76% |
BTC Grayscale Bitcoin Mini Trust ETF | -27.45% | -1.85% |
Correlation
The correlation between GXRP and BTC 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 25, 2025 | 0.88 |
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Return for Risk
GXRP vs. BTC — Risk / Return Rank
GXRP
BTC
GXRP vs. BTC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale XRP Trust ETF (GXRP) and Grayscale Bitcoin Mini Trust ETF (BTC). 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 | BTC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -0.91 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -1.00 | -0.03 | -0.97 |
Drawdowns
GXRP vs. BTC - Drawdown Comparison
The maximum GXRP drawdown since its inception was -49.34%, roughly equal to the maximum BTC drawdown of -49.43%. Use the drawdown chart below to compare losses from any high point for GXRP and BTC.
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Drawdown Indicators
| GXRP | BTC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.34% | -49.43% | +0.09% |
Max Drawdown (1Y)Largest decline over 1 year | — | -49.43% | — |
Current DrawdownCurrent decline from peak | -49.34% | -49.43% | +0.09% |
Average DrawdownAverage peak-to-trough decline | -30.29% | -16.68% | -13.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 28.55% | — |
Volatility
GXRP vs. BTC - Volatility Comparison
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Volatility by Period
| GXRP | BTC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 9.06% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 33.91% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 71.66% | 43.72% | +27.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.66% | 48.29% | +23.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.66% | 48.29% | +23.37% |
GXRP vs. BTC - Expense Ratio Comparison
GXRP has a 0.35% expense ratio, which is higher than BTC's 0.15% expense ratio.
Dividends
GXRP vs. BTC - Dividend Comparison
Neither GXRP nor BTC has paid dividends to shareholders.
Frequently Asked Questions
GXRP and BTC 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.
On fees, BTC is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BTC is cheaper with a 0.15% expense ratio, compared with 0.35% for GXRP.
GXRP and BTC have nearly identical dividend yields, around 0.00%.
Their fees differ too: 0.35% for GXRP and 0.15% for BTC.
Find the right allocation for GXRP and BTC
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