GXRP vs. GLNK

Last updated Jun 5, 2026

GXRP (Grayscale XRP Trust ETF) and GLNK (Grayscale Chainlink Trust ETF) are both Cryptocurrency funds from Grayscale - GXRP tracks the CoinDesk XRP Reference Rate Index while GLNK tracks the Chainlink (LINK). Both are passively managed. Their correlation of 0.91 suggests significant overlap in exposure. GXRP charges 0.35%/yr vs 2.50%/yr for GLNK.

Performance

GXRP vs. GLNK - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with GXRP having a -35.87% return and GLNK slightly higher at -34.28%.

GXRP

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

GLNK

• 1D: -1.51%
• 1M: -17.03%
• YTD: -34.28%
• 6M: -43.95%
• 1Y: -60.98%
• 3Y*: -14.49%
• 5Y*: —
• 10Y*: —

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

GXRP vs. GLNK - Yearly Performance Comparison

	2026 (YTD)	2025
GXRP Grayscale XRP Trust ETF	-35.87%	-18.76%
GLNK Grayscale Chainlink Trust ETF	-34.28%	-33.85%

Correlation

The correlation between GXRP and GLNK 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 25, 2025	0.91

Return for Risk

GXRP vs. GLNK — Risk / Return Rank

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

GLNK

GLNK Risk / Return Rank: 5
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

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. GLNK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Grayscale XRP Trust ETF (GXRP) and Grayscale Chainlink Trust ETF (GLNK). 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	GLNK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.56	—
Sharpe Ratio (All Time) Calculated using the full available price history	-1.00	-0.01	-0.99

Drawdowns

GXRP vs. GLNK - Drawdown Comparison

The maximum GXRP drawdown since its inception was -49.34%, smaller than the maximum GLNK drawdown of -95.82%. Use the drawdown chart below to compare losses from any high point for GXRP and GLNK.

Drawdown Indicators

	GXRP	GLNK	Difference
Max Drawdown Largest peak-to-trough decline	-49.34%	-95.82%	+46.48%
Max Drawdown (1Y) Largest decline over 1 year	—	-88.29%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-95.82%	—
Current Drawdown Current decline from peak	-49.34%	-95.78%	+46.44%
Average Drawdown Average peak-to-trough decline	-30.29%	-55.74%	+25.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	66.91%	—

Volatility

Volatility by Period

	GXRP	GLNK	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	14.84%	—
Volatility (6M) Calculated over the trailing 6-month period	—	46.80%	—
Volatility (1Y) Calculated over the trailing 1-year period	71.66%	109.05%	-37.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	71.66%	164.79%	-93.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	71.66%	164.79%	-93.13%

GXRP vs. GLNK - Expense Ratio Comparison

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

Dividends

GXRP vs. GLNK - Dividend Comparison

Neither GXRP nor GLNK has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both GXRP and GLNK in my portfolio?

With a correlation of 0.91, GXRP and GLNK 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 GLNK?

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 GLNK?

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

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

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

What is the main difference between GXRP and GLNK?

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