OWNB vs. XRP
OWNB (Bitwise Bitcoin Standard Corporations ETF) and XRP (Bitwise XRP ETF) are both exchange-traded funds - OWNB is a Blockchain fund tracking the Bitwise Bitcoin Standard Corporations Inde, while XRP is a Cryptocurrency fund actively managed by Bitwise. OWNB is passively managed, while XRP is actively managed. A 0.75 correlation means they provide meaningful diversification when combined. OWNB charges 0.85%/yr vs 0.34%/yr for XRP.
Performance
OWNB vs. XRP - Performance Comparison
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Returns By Period
In the year-to-date period, OWNB achieves a -1.56% return, which is significantly higher than XRP's -34.50% return.
OWNB
- 1D
- -1.95%
- 1M
- -2.79%
- YTD
- -1.56%
- 6M
- -18.67%
- 1Y
- -28.07%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XRP
- 1D
- -1.54%
- 1M
- -14.12%
- YTD
- -34.50%
- 6M
- -45.52%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OWNB vs. XRP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
OWNB Bitwise Bitcoin Standard Corporations ETF | -1.56% | -5.67% |
XRP Bitwise XRP ETF | -34.50% | -8.64% |
Correlation
The correlation between OWNB and XRP is 0.75, 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 Nov 21, 2025 | 0.75 |
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Return for Risk
OWNB vs. XRP — Risk / Return Rank
OWNB
XRP
OWNB vs. XRP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitwise Bitcoin Standard Corporations ETF (OWNB) 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.
| OWNB | XRP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.96 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.47 | — | — |
| Martin ratioReturn 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. | |||
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Sharpe Ratios by Period
| OWNB | XRP | 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 | -0.83 | +0.77 |
Drawdowns
OWNB vs. XRP - Drawdown Comparison
The maximum OWNB drawdown since its inception was -59.47%, which is greater than XRP's maximum drawdown of -48.71%. Use the drawdown chart below to compare losses from any high point for OWNB and XRP.
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Drawdown Indicators
| OWNB | XRP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.47% | -48.71% | -10.76% |
Max Drawdown (1Y)Largest decline over 1 year | -59.47% | — | — |
Current DrawdownCurrent decline from peak | -44.54% | -48.21% | +3.67% |
Average DrawdownAverage peak-to-trough decline | -24.89% | -29.70% | +4.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.96% | — | — |
Volatility
OWNB vs. XRP - Volatility Comparison
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Volatility by Period
| OWNB | XRP | 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% | 75.13% | -17.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 62.36% | 75.13% | -12.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.36% | 75.13% | -12.77% |
OWNB vs. XRP - Expense Ratio Comparison
OWNB has a 0.85% expense ratio, which is higher than XRP's 0.34% expense ratio.
Dividends
OWNB vs. XRP - Dividend Comparison
OWNB's dividend yield for the trailing twelve months is around 0.88%, while XRP has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
OWNB Bitwise Bitcoin Standard Corporations ETF | 0.88% | 0.87% |
XRP Bitwise XRP ETF | 0.00% | 0.00% |
Frequently Asked Questions
OWNB and XRP have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
XRP is cheaper with a 0.34% expense ratio, compared with 0.85% for OWNB.
OWNB has the higher dividend yield at 0.88%, compared with 0.00% for XRP.
OWNB is categorized as Blockchain, while XRP is Cryptocurrency. Their fees differ too: 0.85% for OWNB and 0.34% for XRP.
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