GXRP vs. GDLC

Last updated Jun 5, 2026

GXRP (Grayscale XRP Trust ETF) and GDLC (Grayscale CoinDesk Crypto 5 ETF) are both Cryptocurrency funds from Grayscale - GXRP tracks the CoinDesk XRP Reference Rate Index while GDLC tracks the CoinDesk 5 Index. Both are passively managed. Their correlation of 0.90 suggests significant overlap in exposure. GXRP charges 0.35%/yr vs 0.59%/yr for GDLC.

Performance

GXRP vs. GDLC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Grayscale XRP Trust ETF (GXRP) and Grayscale CoinDesk Crypto 5 ETF (GDLC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GXRP achieves a -35.87% return, which is significantly lower than GDLC's -30.77% return.

GXRP

• 1D: -2.33%
• 1M: -17.12%
• YTD: -35.87%
• 6M: -44.38%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GDLC

• 1D: -2.59%
• 1M: -21.81%
• YTD: -30.77%
• 6M: -34.99%
• 1Y: -35.91%
• 3Y*: 67.03%
• 5Y*: 1.67%
• 10Y*: —

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

GXRP vs. GDLC - Yearly Performance Comparison

	2026 (YTD)	2025
GXRP Grayscale XRP Trust ETF	-35.87%	-18.76%
GDLC Grayscale CoinDesk Crypto 5 ETF	-30.77%	-3.07%

Correlation

The correlation between GXRP and GDLC is 0.90, 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	0.90

Return for Risk

GXRP vs. GDLC — Risk / Return Rank

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

GDLC

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

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.

GXRP vs. GDLC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Grayscale XRP Trust ETF (GXRP) and Grayscale CoinDesk Crypto 5 ETF (GDLC). 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

	GXRP	GDLC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.74	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.02	—
Sharpe Ratio (All Time) Calculated using the full available price history	-1.00	0.29	-1.29

Drawdowns

GXRP vs. GDLC - Drawdown Comparison

The maximum GXRP drawdown since its inception was -49.34%, smaller than the maximum GDLC drawdown of -94.14%. Use the drawdown chart below to compare losses from any high point for GXRP and GDLC.

Drawdown Indicators

	GXRP	GDLC	Difference
Max Drawdown Largest peak-to-trough decline	-49.34%	-94.14%	+44.80%
Max Drawdown (1Y) Largest decline over 1 year	—	-53.58%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-53.58%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-94.14%	—
Current Drawdown Current decline from peak	-49.34%	-55.46%	+6.12%
Average Drawdown Average peak-to-trough decline	-30.29%	-52.73%	+22.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	31.22%	—

Volatility

Volatility by Period

	GXRP	GDLC	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.50%	—
Volatility (6M) Calculated over the trailing 6-month period	—	36.02%	—
Volatility (1Y) Calculated over the trailing 1-year period	71.66%	48.49%	+23.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	71.66%	74.41%	-2.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	71.66%	93.89%	-22.23%

GXRP vs. GDLC - Expense Ratio Comparison

GXRP has a 0.35% expense ratio, which is lower than GDLC's 0.59% expense ratio.

Dividends

GXRP vs. GDLC - Dividend Comparison

Neither GXRP nor GDLC has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both GXRP and GDLC in my portfolio?

With a correlation of 0.90, GXRP and GDLC 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, GXRP or GDLC?

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, GXRP or GDLC?

GXRP is cheaper with a 0.35% expense ratio, compared with 0.59% for GDLC.

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

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

What is the main difference between GXRP and GDLC?

GXRP tracks CoinDesk XRP Reference Rate Index, while GDLC tracks CoinDesk 5 Index. Their fees differ too: 0.35% for GXRP and 0.59% for GDLC.