XRP vs. BITO
Compare and contrast key facts about Bitwise XRP ETF (XRP) and ProShares Bitcoin Strategy ETF (BITO).
XRP and BITO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XRP is an actively managed fund by Bitwise. It was launched on Nov 19, 2025. BITO is an actively managed fund by ProShares. It was launched on Oct 19, 2021.
Performance
XRP vs. BITO - Performance Comparison
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XRP vs. BITO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XRP Bitwise XRP ETF | -26.36% | -8.64% |
BITO ProShares Bitcoin Strategy ETF | -22.79% | 0.87% |
Returns By Period
In the year-to-date period, XRP achieves a -26.36% return, which is significantly lower than BITO's -22.79% return.
XRP
- 1D
- 0.53%
- 1M
- -3.33%
- YTD
- -26.36%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BITO
- 1D
- 0.60%
- 1M
- -1.72%
- YTD
- -22.79%
- 6M
- -43.10%
- 1Y
- -23.27%
- 3Y*
- 24.87%
- 5Y*
- —
- 10Y*
- —
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XRP vs. BITO - Expense Ratio Comparison
XRP has a 0.34% expense ratio, which is lower than BITO's 0.95% expense ratio.
Return for Risk
XRP vs. BITO — Risk / Return Rank
XRP
BITO
XRP vs. BITO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitwise XRP ETF (XRP) and ProShares Bitcoin Strategy ETF (BITO). 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 | BITO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -0.52 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.78 | -0.08 | -0.71 |
Correlation
The correlation between XRP and BITO is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
XRP vs. BITO - Dividend Comparison
XRP has not paid dividends to shareholders, while BITO's dividend yield for the trailing twelve months is around 80.47%.
| TTM | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XRP Bitwise XRP ETF | 0.00% | 0.00% | 0.00% | 0.00% |
BITO ProShares Bitcoin Strategy ETF | 80.47% | 78.29% | 61.59% | 15.14% |
Drawdowns
XRP vs. BITO - Drawdown Comparison
The maximum XRP drawdown since its inception was -48.71%, smaller than the maximum BITO drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for XRP and BITO.
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Drawdown Indicators
| XRP | BITO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.71% | -77.86% | +29.15% |
Max Drawdown (1Y)Largest decline over 1 year | — | -50.05% | — |
Current DrawdownCurrent decline from peak | -41.77% | -46.75% | +4.98% |
Average DrawdownAverage peak-to-trough decline | -24.49% | -36.57% | +12.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 23.73% | — |
Volatility
XRP vs. BITO - Volatility Comparison
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Volatility by Period
| XRP | BITO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 12.84% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 36.71% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 86.94% | 45.32% | +41.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 86.94% | 55.77% | +31.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 86.94% | 55.77% | +31.17% |