XRP vs. BITQ
XRP (Bitwise XRP ETF) and BITQ (Bitwise Crypto Industry Innovators ETF) are both exchange-traded funds - XRP is a Cryptocurrency fund actively managed by Bitwise, while BITQ is a Blockchain fund tracking the Bitwise Crypto Innovators 30 Index. XRP is actively managed, while BITQ is passively managed. A 0.72 correlation means they provide meaningful diversification when combined. XRP charges 0.34%/yr vs 0.85%/yr for BITQ.
Performance
XRP vs. BITQ - Performance Comparison
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Returns By Period
In the year-to-date period, XRP achieves a -39.96% return, which is significantly lower than BITQ's 34.62% return.
XRP
- 1D
- -2.92%
- 1M
- -17.65%
- YTD
- -39.96%
- 6M
- -41.56%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BITQ
- 1D
- -2.61%
- 1M
- 0.04%
- YTD
- 34.62%
- 6M
- 25.61%
- 1Y
- 49.39%
- 3Y*
- 53.03%
- 5Y*
- 4.41%
- 10Y*
- —
XRP vs. BITQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XRP Bitwise XRP ETF | -39.96% | -15.03% |
BITQ Bitwise Crypto Industry Innovators ETF | 34.62% | -4.09% |
Correlation
The correlation between XRP and BITQ is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 20, 2025 | 0.72 |
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Return for Risk
XRP vs. BITQ — Risk / Return Rank
XRP
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BITQ
XRP vs. BITQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitwise XRP ETF (XRP) and Bitwise Crypto Industry Innovators ETF (BITQ). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| XRP | BITQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.17 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.10 | — |
| Martin ratioReturn relative to average drawdown | — | 2.30 | — |
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Drawdowns
XRP vs. BITQ - Drawdown Comparison
The maximum XRP drawdown since its inception was -52.72%, smaller than the maximum BITQ drawdown of -90.32%. Use the drawdown chart below to compare losses from any high point for XRP and BITQ.
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Drawdown Indicators
| XRP | BITQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.72% | -90.32% | +37.60% |
Max Drawdown (1Y)Largest decline over 1 year | — | -44.99% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -51.22% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -90.32% | — |
Current DrawdownCurrent decline from peak | -52.52% | -17.24% | -35.28% |
Average DrawdownAverage peak-to-trough decline | -31.42% | -52.52% | +21.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 21.50% | — |
Volatility
XRP vs. BITQ - Volatility Comparison
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Volatility by Period
| XRP | BITQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 16.45% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 43.05% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 76.12% | 56.94% | +19.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 76.12% | 67.32% | +8.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 76.12% | 67.24% | +8.88% |
XRP vs. BITQ - Expense Ratio Comparison
XRP has a 0.34% expense ratio, which is lower than BITQ's 0.85% expense ratio.
Dividends
XRP vs. BITQ - Dividend Comparison
Neither XRP nor BITQ has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BITQ Bitwise Crypto Industry Innovators ETF | 0.00% | 0.00% | 0.90% | 1.51% | 0.00% | 3.12% |
XRP Bitwise XRP ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XRP and BITQ have a correlation of 0.72, 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 0.85% for BITQ.
XRP and BITQ have nearly identical dividend yields, around 0.00%.
XRP is categorized as Cryptocurrency, while BITQ is Blockchain. Their fees differ too: 0.34% for XRP and 0.85% for BITQ.
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