XRP vs. BITB
XRP (Bitwise XRP ETF) and BITB (Bitwise Bitcoin ETF) are both Cryptocurrency funds. XRP is actively managed, while BITB is passively managed. Their correlation of 0.89 suggests significant overlap in exposure. XRP charges 0.34%/yr vs 0.20%/yr for BITB.
Performance
XRP vs. BITB - Performance Comparison
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Returns By Period
In the year-to-date period, XRP achieves a -34.50% return, which is significantly lower than BITB's -25.38% return.
XRP
- 1D
- -1.54%
- 1M
- -14.12%
- YTD
- -34.50%
- 6M
- -45.52%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BITB
- 1D
- -2.74%
- 1M
- -18.38%
- YTD
- -25.38%
- 6M
- -29.75%
- 1Y
- -38.62%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XRP vs. BITB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XRP Bitwise XRP ETF | -34.50% | -8.64% |
BITB Bitwise Bitcoin ETF | -25.38% | 1.39% |
Correlation
The correlation between XRP and BITB is 0.89, 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 | 0.89 |
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Return for Risk
XRP vs. BITB — Risk / Return Rank
XRP
BITB
XRP vs. BITB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitwise XRP ETF (XRP) and Bitwise Bitcoin ETF (BITB). 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.
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Sharpe Ratios by Period
| XRP | BITB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -0.89 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.83 | 0.30 | -1.13 |
Drawdowns
XRP vs. BITB - Drawdown Comparison
The maximum XRP drawdown since its inception was -48.71%, roughly equal to the maximum BITB drawdown of -49.38%. Use the drawdown chart below to compare losses from any high point for XRP and BITB.
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Drawdown Indicators
| XRP | BITB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.71% | -49.38% | +0.67% |
Max Drawdown (1Y)Largest decline over 1 year | — | -49.38% | — |
Current DrawdownCurrent decline from peak | -48.21% | -48.02% | -0.19% |
Average DrawdownAverage peak-to-trough decline | -29.70% | -16.02% | -13.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 28.42% | — |
Volatility
XRP vs. BITB - Volatility Comparison
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Volatility by Period
| XRP | BITB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 9.39% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 34.39% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 75.13% | 43.62% | +31.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 75.13% | 49.98% | +25.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 75.13% | 49.98% | +25.15% |
XRP vs. BITB - Expense Ratio Comparison
XRP has a 0.34% expense ratio, which is higher than BITB's 0.20% expense ratio.
Dividends
XRP vs. BITB - Dividend Comparison
Neither XRP nor BITB has paid dividends to shareholders.
Frequently Asked Questions
XRP and BITB have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BITB is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BITB is cheaper with a 0.20% expense ratio, compared with 0.34% for XRP.
XRP and BITB have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Bitwise and Bitwise Asset Management. Their fees differ too: 0.34% for XRP and 0.20% for BITB.
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