IGME vs. XRP

Last updated Jun 6, 2026

IGME (Bitwise GME Option Income Strategy ETF) and XRP (Bitwise XRP ETF) are both exchange-traded funds - IGME is a Derivative Income fund actively managed by Bitwise, while XRP is a Cryptocurrency fund actively managed by Bitwise. Both are actively managed. At a 0.08 correlation, their price movements are largely independent. IGME charges 0.96%/yr vs 0.34%/yr for XRP.

Performance

IGME vs. XRP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bitwise GME Option Income Strategy ETF (IGME) and Bitwise XRP ETF (XRP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IGME achieves a 12.57% return, which is significantly higher than XRP's -40.20% return.

IGME

• 1D: -1.86%
• 1M: -10.54%
• YTD: 12.57%
• 6M: 1.24%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

XRP

• 1D: -6.48%
• 1M: -23.26%
• YTD: -40.20%
• 6M: -45.92%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IGME vs. XRP - Yearly Performance Comparison

	2026 (YTD)	2025
IGME Bitwise GME Option Income Strategy ETF	12.57%	2.22%
XRP Bitwise XRP ETF	-40.20%	-8.64%

Correlation

The correlation between IGME and XRP is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 21, 2025	0.08

Return for Risk

IGME vs. XRP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bitwise GME Option Income Strategy ETF (IGME) and Bitwise XRP ETF (XRP). 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

	IGME	XRP	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.44	-0.91	+0.47

Drawdowns

IGME vs. XRP - Drawdown Comparison

The maximum IGME drawdown since its inception was -26.33%, smaller than the maximum XRP drawdown of -52.72%. Use the drawdown chart below to compare losses from any high point for IGME and XRP.

Drawdown Indicators

	IGME	XRP	Difference
Max Drawdown Largest peak-to-trough decline	-26.33%	-52.72%	+26.39%
Current Drawdown Current decline from peak	-15.22%	-52.72%	+37.50%
Average Drawdown Average peak-to-trough decline	-14.49%	-30.02%	+15.53%

Volatility

Volatility by Period

	IGME	XRP	Difference
Volatility (1Y) Calculated over the trailing 1-year period	35.50%	75.09%	-39.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.50%	75.09%	-39.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.50%	75.09%	-39.59%

IGME vs. XRP - Expense Ratio Comparison

IGME has a 0.96% expense ratio, which is higher than XRP's 0.34% expense ratio.

Dividends

IGME vs. XRP - Dividend Comparison

IGME's dividend yield for the trailing twelve months is around 88.20%, while XRP has not paid dividends to shareholders.

Position	TTM	2025
IGME Bitwise GME Option Income Strategy ETF	88.20%	69.25%
XRP Bitwise XRP ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both IGME and XRP in my portfolio?

IGME and XRP have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IGME or XRP?

On fees, XRP is cheaper at 0.34% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IGME or XRP?

XRP is cheaper with a 0.34% expense ratio, compared with 0.96% for IGME.

Which ETF pays a higher dividend yield, IGME or XRP?

IGME has the higher dividend yield at 88.20%, compared with 0.00% for XRP.

What is the main difference between IGME and XRP?

IGME is categorized as Derivative Income, while XRP is Cryptocurrency. Their fees differ too: 0.96% for IGME and 0.34% for XRP.