XRP vs. BTCZ
XRP (Bitwise XRP ETF) and BTCZ (T-Rex 2X Inverse Bitcoin Daily Target ETF) are both Cryptocurrency funds. Both are actively managed. At a correlation of -0.89, they often move in opposite directions. XRP charges 0.34%/yr vs 0.95%/yr for BTCZ.
Performance
XRP vs. BTCZ - Performance Comparison
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Returns By Period
In the year-to-date period, XRP achieves a -33.48% return, which is significantly lower than BTCZ's 25.89% return.
XRP
- 1D
- -6.06%
- 1M
- -12.33%
- YTD
- -33.48%
- 6M
- -43.59%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BTCZ
- 1D
- 11.93%
- 1M
- 32.84%
- YTD
- 25.89%
- 6M
- 33.36%
- 1Y
- 42.88%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XRP vs. BTCZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XRP Bitwise XRP ETF | -33.48% | -8.64% |
BTCZ T-Rex 2X Inverse Bitcoin Daily Target ETF | 25.89% | -8.26% |
Correlation
The correlation between XRP and BTCZ is -0.89, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| 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. BTCZ — Risk / Return Rank
XRP
BTCZ
XRP vs. BTCZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitwise XRP ETF (XRP) and T-Rex 2X Inverse Bitcoin Daily Target ETF (BTCZ). 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 | BTCZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.49 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.82 | -0.58 | -0.24 |
Drawdowns
XRP vs. BTCZ - Drawdown Comparison
The maximum XRP drawdown since its inception was -48.71%, smaller than the maximum BTCZ drawdown of -91.06%. Use the drawdown chart below to compare losses from any high point for XRP and BTCZ.
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Drawdown Indicators
| XRP | BTCZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.71% | -91.06% | +42.35% |
Max Drawdown (1Y)Largest decline over 1 year | — | -49.02% | — |
Current DrawdownCurrent decline from peak | -47.40% | -79.70% | +32.30% |
Average DrawdownAverage peak-to-trough decline | -29.56% | -73.71% | +44.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 25.70% | — |
Volatility
XRP vs. BTCZ - Volatility Comparison
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Volatility by Period
| XRP | BTCZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 18.63% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 69.19% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 75.39% | 87.32% | -11.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 75.39% | 97.14% | -21.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 75.39% | 97.14% | -21.75% |
XRP vs. BTCZ - Expense Ratio Comparison
XRP has a 0.34% expense ratio, which is lower than BTCZ's 0.95% expense ratio.
Dividends
XRP vs. BTCZ - Dividend Comparison
XRP has not paid dividends to shareholders, while BTCZ's dividend yield for the trailing twelve months is around 0.01%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BTCZ T-Rex 2X Inverse Bitcoin Daily Target ETF | 0.01% | 0.02% | 0.08% |
XRP Bitwise XRP ETF | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XRP and BTCZ 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 BTCZ.
BTCZ has the higher dividend yield at 0.01%, compared with 0.00% for XRP.
They also come from different issuers: Bitwise and T-Rex. Their fees differ too: 0.34% for XRP and 0.95% for BTCZ.
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