QBF vs. TOXR

Last updated Jun 4, 2026

QBF (Innovator Uncapped Bitcoin 20 Floor ETF - Quarterly) and TOXR (21Shares XRP ETF) are both exchange-traded funds - QBF is a Blockchain fund actively managed by Innovator, while TOXR is a Cryptocurrency fund tracking the CME CF XRP-Dollar Reference Rate - New York Variant. QBF is actively managed, while TOXR is passively managed. Their correlation of 0.86 suggests significant overlap in exposure. QBF charges 0.79%/yr vs 0.30%/yr for TOXR.

Performance

QBF vs. TOXR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Uncapped Bitcoin 20 Floor ETF - Quarterly (QBF) 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, QBF achieves a -23.63% return, which is significantly higher than TOXR's -34.38% return.

QBF

• 1D: -2.17%
• 1M: -14.35%
• YTD: -23.63%
• 6M: -27.96%
• 1Y: -35.86%
• 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)

QBF vs. TOXR - Yearly Performance Comparison

	2026 (YTD)	2025
QBF Innovator Uncapped Bitcoin 20 Floor ETF - Quarterly	-23.63%	-3.83%
TOXR 21Shares XRP ETF	-34.38%	-9.65%

Correlation

The correlation between QBF and TOXR is 0.86, 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 Dec 12, 2025	0.86

Return for Risk

QBF vs. TOXR — Risk / Return Rank

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

QBF

QBF Risk / Return Rank: 1
QBF Sharpe Ratio Rank: 0
QBF Sortino Ratio Rank: 1
QBF Omega Ratio Rank: 1
QBF Calmar Ratio Rank: 2
QBF Martin Ratio Rank: 1

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.

QBF vs. TOXR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Uncapped Bitcoin 20 Floor ETF - Quarterly (QBF) 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.

	QBF	TOXR	Difference
Sharpe ratio: Return per unit of total volatility	-1.37	—	—
Sortino ratio: Return per unit of downside risk	-2.04	—	—
Omega ratio: Gain probability vs. loss probability	0.78	—	—
Calmar ratio: Return relative to maximum drawdown	-0.84	—	—
Martin ratio: Return relative to average drawdown	-1.48	—	—
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

	QBF	TOXR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.37	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.97	-0.92	-0.04

Drawdowns

QBF vs. TOXR - Drawdown Comparison

The maximum QBF drawdown since its inception was -42.92%, smaller than the maximum TOXR drawdown of -48.78%. Use the drawdown chart below to compare losses from any high point for QBF and TOXR.

Drawdown Indicators

	QBF	TOXR	Difference
Max Drawdown Largest peak-to-trough decline	-42.92%	-48.78%	+5.86%
Max Drawdown (1Y) Largest decline over 1 year	-42.92%	—	—
Current Drawdown Current decline from peak	-42.92%	-48.10%	+5.18%
Average Drawdown Average peak-to-trough decline	-16.82%	-31.50%	+14.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.20%	—	—

Volatility

Volatility by Period

	QBF	TOXR	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.09%	—	—
Volatility (6M) Calculated over the trailing 6-month period	18.56%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	26.36%	73.16%	-46.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.53%	73.16%	-44.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.53%	73.16%	-44.63%

QBF vs. TOXR - Expense Ratio Comparison

QBF has a 0.79% expense ratio, which is higher than TOXR's 0.30% expense ratio.

Dividends

QBF vs. TOXR - Dividend Comparison

QBF's dividend yield for the trailing twelve months is around 1.81%, while TOXR has not paid dividends to shareholders.

Position	TTM	2025
QBF Innovator Uncapped Bitcoin 20 Floor ETF - Quarterly	1.81%	1.38%
TOXR 21Shares XRP ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both QBF and TOXR in my portfolio?

QBF and TOXR have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QBF 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, QBF or TOXR?

TOXR is cheaper with a 0.30% expense ratio, compared with 0.79% for QBF.

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

QBF has the higher dividend yield at 1.81%, compared with 0.00% for TOXR.

What is the main difference between QBF and TOXR?

QBF is categorized as Blockchain, while TOXR is Cryptocurrency. They also come from different issuers: Innovator and 21Shares. Their fees differ too: 0.79% for QBF and 0.30% for TOXR.