XRP vs. BFOC

Last updated Jun 4, 2026

XRP (Bitwise XRP ETF) and BFOC (FT Vest Bitcoin Strategy Floor15 ETF - October) are both exchange-traded funds - XRP is a Cryptocurrency fund actively managed by Bitwise, while BFOC is a Defined Outcome fund actively managed by First Trust. Both are actively managed. Their correlation of 0.81 suggests significant overlap in exposure. XRP charges 0.34%/yr vs 0.90%/yr for BFOC.

Performance

XRP vs. BFOC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bitwise XRP ETF (XRP) and FT Vest Bitcoin Strategy Floor15 ETF - October (BFOC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XRP achieves a -34.50% return, which is significantly lower than BFOC's -7.39% return.

XRP

• 1D: -1.54%
• 1M: -14.12%
• YTD: -34.50%
• 6M: -45.52%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BFOC

• 1D: -0.24%
• 1M: -2.82%
• YTD: -7.39%
• 6M: -9.28%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XRP vs. BFOC - Yearly Performance Comparison

	2026 (YTD)	2025
XRP Bitwise XRP ETF	-34.50%	-8.64%
BFOC FT Vest Bitcoin Strategy Floor15 ETF - October	-7.39%	-0.20%

Correlation

The correlation between XRP and BFOC is 0.81, 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 21, 2025	0.81

Return for Risk

XRP vs. BFOC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bitwise XRP ETF (XRP) and FT Vest Bitcoin Strategy Floor15 ETF - October (BFOC). 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

	XRP	BFOC	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.83	-1.88	+1.04

Drawdowns

XRP vs. BFOC - Drawdown Comparison

The maximum XRP drawdown since its inception was -48.71%, which is greater than BFOC's maximum drawdown of -18.20%. Use the drawdown chart below to compare losses from any high point for XRP and BFOC.

Drawdown Indicators

	XRP	BFOC	Difference
Max Drawdown Largest peak-to-trough decline	-48.71%	-18.20%	-30.51%
Current Drawdown Current decline from peak	-48.21%	-18.20%	-30.01%
Average Drawdown Average peak-to-trough decline	-29.70%	-12.52%	-17.18%

Volatility

Volatility by Period

	XRP	BFOC	Difference
Volatility (1Y) Calculated over the trailing 1-year period	75.13%	12.61%	+62.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	75.13%	12.61%	+62.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	75.13%	12.61%	+62.52%

XRP vs. BFOC - Expense Ratio Comparison

XRP has a 0.34% expense ratio, which is lower than BFOC's 0.90% expense ratio.

Dividends

XRP vs. BFOC - Dividend Comparison

Neither XRP nor BFOC has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XRP and BFOC in my portfolio?

XRP and BFOC have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XRP or BFOC?

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, XRP or BFOC?

XRP is cheaper with a 0.34% expense ratio, compared with 0.90% for BFOC.

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

XRP and BFOC have nearly identical dividend yields, around 0.00%.

What is the main difference between XRP and BFOC?

XRP is categorized as Cryptocurrency, while BFOC is Defined Outcome. They also come from different issuers: Bitwise and First Trust. Their fees differ too: 0.34% for XRP and 0.90% for BFOC.