OWNB vs. TOXR

Last updated Jun 4, 2026

OWNB (Bitwise Bitcoin Standard Corporations ETF) and TOXR (21Shares XRP ETF) are both exchange-traded funds - OWNB is a Blockchain fund tracking the Bitwise Bitcoin Standard Corporations Inde, while TOXR is a Cryptocurrency fund tracking the CME CF XRP-Dollar Reference Rate - New York Variant. Both are passively managed. A 0.77 correlation means they provide meaningful diversification when combined. OWNB charges 0.85%/yr vs 0.30%/yr for TOXR.

Performance

OWNB vs. TOXR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bitwise Bitcoin Standard Corporations ETF (OWNB) and 21Shares XRP ETF (TOXR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OWNB achieves a -1.56% return, which is significantly higher than TOXR's -34.38% return.

OWNB

• 1D: -1.95%
• 1M: -2.79%
• YTD: -1.56%
• 6M: -18.67%
• 1Y: -28.07%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TOXR

• 1D: -1.62%
• 1M: -14.04%
• YTD: -34.38%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

OWNB vs. TOXR - Yearly Performance Comparison

	2026 (YTD)	2025
OWNB Bitwise Bitcoin Standard Corporations ETF	-1.56%	-17.09%
TOXR 21Shares XRP ETF	-34.38%	-9.65%

Correlation

The correlation between OWNB and TOXR is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 12, 2025	0.77

Return for Risk

OWNB vs. TOXR — Risk / Return Rank

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

OWNB

OWNB Risk / Return Rank: 5
OWNB Sharpe Ratio Rank: 5
OWNB Sortino Ratio Rank: 5
OWNB Omega Ratio Rank: 5
OWNB Calmar Ratio Rank: 5
OWNB 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.

OWNB vs. TOXR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bitwise Bitcoin Standard Corporations ETF (OWNB) and 21Shares XRP ETF (TOXR). 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.

	OWNB	TOXR	Difference
Sharpe ratio: Return per unit of total volatility	-0.49	—	—
Sortino ratio: Return per unit of downside risk	-0.41	—	—
Omega ratio: Gain probability vs. loss probability	0.96	—	—
Calmar ratio: Return relative to maximum drawdown	-0.47	—	—
Martin ratio: Return relative to average drawdown	-0.83	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	OWNB	TOXR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.49	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.07	-0.92	+0.86

Drawdowns

OWNB vs. TOXR - Drawdown Comparison

The maximum OWNB drawdown since its inception was -59.47%, which is greater than TOXR's maximum drawdown of -48.78%. Use the drawdown chart below to compare losses from any high point for OWNB and TOXR.

Drawdown Indicators

	OWNB	TOXR	Difference
Max Drawdown Largest peak-to-trough decline	-59.47%	-48.78%	-10.69%
Max Drawdown (1Y) Largest decline over 1 year	-59.47%	—	—
Current Drawdown Current decline from peak	-44.54%	-48.10%	+3.56%
Average Drawdown Average peak-to-trough decline	-24.89%	-31.50%	+6.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	33.96%	—	—

Volatility

Volatility by Period

	OWNB	TOXR	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.15%	—	—
Volatility (6M) Calculated over the trailing 6-month period	42.52%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	57.85%	73.16%	-15.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	62.36%	73.16%	-10.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	62.36%	73.16%	-10.80%

OWNB vs. TOXR - Expense Ratio Comparison

OWNB has a 0.85% expense ratio, which is higher than TOXR's 0.30% expense ratio.

Dividends

OWNB vs. TOXR - Dividend Comparison

OWNB's dividend yield for the trailing twelve months is around 0.88%, while TOXR has not paid dividends to shareholders.

Position	TTM	2025
OWNB Bitwise Bitcoin Standard Corporations ETF	0.88%	0.87%
TOXR 21Shares XRP ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both OWNB and TOXR in my portfolio?

OWNB and TOXR have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, OWNB or TOXR?

On fees, TOXR is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, OWNB or TOXR?

TOXR is cheaper with a 0.30% expense ratio, compared with 0.85% for OWNB.

Which ETF pays a higher dividend yield, OWNB or TOXR?

OWNB has the higher dividend yield at 0.88%, compared with 0.00% for TOXR.

What is the main difference between OWNB and TOXR?

OWNB is categorized as Blockchain, while TOXR is Cryptocurrency. OWNB tracks Bitwise Bitcoin Standard Corporations Inde, while TOXR tracks CME CF XRP-Dollar Reference Rate - New York Variant. They also come from different issuers: Bitwise and 21Shares. Their fees differ too: 0.85% for OWNB and 0.30% for TOXR.