XRP vs. BITO
XRP (Bitwise XRP ETF) and BITO (ProShares Bitcoin Strategy ETF) are both Cryptocurrency funds. Both are actively managed. Their correlation of 0.89 suggests significant overlap in exposure. XRP charges 0.34%/yr vs 0.95%/yr for BITO.
Performance
XRP vs. BITO - 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 BITO's -26.37% return.
XRP
- 1D
- -1.54%
- 1M
- -14.12%
- YTD
- -34.50%
- 6M
- -45.52%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BITO
- 1D
- -2.94%
- 1M
- -18.61%
- YTD
- -26.37%
- 6M
- -30.81%
- 1Y
- -41.01%
- 3Y*
- 25.27%
- 5Y*
- —
- 10Y*
- —
XRP vs. BITO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XRP Bitwise XRP ETF | -34.50% | -8.64% |
BITO ProShares Bitcoin Strategy ETF | -26.37% | 0.87% |
Correlation
The correlation between XRP and BITO 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. 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 | — | -0.95 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.83 | -0.09 | -0.74 |
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% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -50.05% | — |
Current DrawdownCurrent decline from peak | -48.21% | -49.22% | +1.01% |
Average DrawdownAverage peak-to-trough decline | -29.70% | -36.73% | +7.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 29.09% | — |
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 | — | 9.43% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 34.26% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 75.13% | 43.57% | +31.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 75.13% | 55.11% | +20.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 75.13% | 55.11% | +20.02% |
XRP vs. BITO - Expense Ratio Comparison
XRP has a 0.34% expense ratio, which is lower than BITO's 0.95% expense ratio.
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 67.63%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BITO ProShares Bitcoin Strategy ETF | 67.63% | 78.29% | 61.59% | 15.14% |
XRP Bitwise XRP ETF | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XRP and BITO 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, 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 0.95% for BITO.
BITO has the higher dividend yield at 67.63%, compared with 0.00% for XRP.
They also come from different issuers: Bitwise and ProShares. Their fees differ too: 0.34% for XRP and 0.95% for BITO.
Find the right allocation for XRP and BITO
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