GXRP vs. GDLC

Last updated Jul 11, 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 0.91 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 -39.61% return, which is significantly lower than GDLC's -30.41% return.

GXRP

• 1D: 0.81%
• 1M: -2.41%
• 6M: -47.00%
• YTD: -39.61%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GDLC

• 1D: 1.19%
• 1M: 1.29%
• 6M: -32.95%
• YTD: -30.41%
• 1Y: -44.45%
• 3Y*: 47.34%
• 5Y*: 2.19%
• 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	-39.61%	-11.43%
GDLC Grayscale CoinDesk Crypto 5 ETF	-30.41%	3.36%

Correlation

The correlation between GXRP and GDLC is 0.91, 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	0.91

Return for Risk

GXRP vs. GDLC — Risk / Return Rank

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

GXRP

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

GDLC

GDLC Risk / Return Rank: 3
GDLC Sharpe Ratio Rank: 2
GDLC Sortino Ratio Rank: 3
GDLC Omega Ratio Rank: 3
GDLC Calmar Ratio Rank: 3
GDLC Martin Ratio Rank: 3

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.

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.

	GXRP	GDLC	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.86	—
Sortino ratio: Return per unit of downside risk	—	-1.19	—
Omega ratio: Gain probability vs. loss probability	—	0.87	—
Calmar ratio: Return relative to maximum drawdown	—	-0.74	—
Martin ratio: Return relative to average drawdown	—	-1.19	—

Drawdowns

GXRP vs. GDLC - Drawdown Comparison

The maximum GXRP drawdown since its inception was -55.43%, 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	-55.43%	-94.14%	+38.71%
Max Drawdown (1Y) Largest decline over 1 year	—	-57.18%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-57.18%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-94.14%	—
Current Drawdown Current decline from peak	-52.29%	-55.24%	+2.95%
Average Drawdown Average peak-to-trough decline	-33.41%	-52.81%	+19.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	35.47%	—

Volatility

Volatility by Period

	GXRP	GDLC	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	11.54%	—
Volatility (6M) Calculated over the trailing 6-month period	—	36.63%	—
Volatility (1Y) Calculated over the trailing 1-year period	71.76%	49.13%	+22.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	71.76%	73.18%	-1.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	71.76%	93.89%	-22.13%

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 0.91, 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.