XRP vs. BTRN

Last updated Aug 5, 2026

XRP (Bitwise XRP ETF) and BTRN (Global X Bitcoin Trend Strategy ETF) are both Cryptocurrency funds. XRP is actively managed, while BTRN is passively managed. Their 0.47 correlation means their historical movements had little consistent relationship. XRP charges 0.34%/yr vs 0.95%/yr for BTRN.

Performance

XRP vs. BTRN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bitwise XRP ETF (XRP) and Global X Bitcoin Trend Strategy ETF (BTRN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XRP achieves a -41.13% return, which is significantly lower than BTRN's -10.38% return.

XRP

• 1D: 0.08%
• 1M: -0.33%
• 6M: -33.15%
• YTD: -41.13%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

BTRN

• 1D: 0.08%
• 1M: 0.18%
• 6M: -9.55%
• YTD: -10.38%
• 1Y: -22.57%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -1.25%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BTRN Global X Bitcoin Trend Strategy ETF	$6.41K	$4.49K	$41.74K
XRP Bitwise XRP ETF	$5.79M	$6.38M	$8.38M

XRP vs. BTRN - Yearly Performance Comparison

	2026 (YTD)	2025
XRP Bitwise XRP ETF	-41.13%	-15.03%
BTRN Global X Bitcoin Trend Strategy ETF	-10.38%	-0.55%

Correlation

The correlation between XRP and BTRN is 0.47, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 20, 2025	0.47

Return for Risk

XRP vs. BTRN — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

XRP

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

BTRN

BTRN Risk / Return Rank: 1
BTRN Sharpe Ratio Rank: 0
BTRN Sortino Ratio Rank: 1
BTRN Omega Ratio Rank: 0
BTRN Calmar Ratio Rank: 2
BTRN Martin Ratio Rank: 2

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

XRP vs. BTRN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bitwise XRP ETF (XRP) and Global X Bitcoin Trend Strategy ETF (BTRN). 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	BTRN	Difference
Sharpe ratio: Return per unit of total volatility	—	-1.37	—
Sortino ratio: Return per unit of downside risk	—	-1.85	—
Omega ratio: Gain probability vs. loss probability	—	0.74	—
Calmar ratio: Return relative to maximum drawdown	—	-0.88	—
Martin ratio: Return relative to average drawdown	—	-1.31	—

Drawdowns

XRP vs. BTRN - Drawdown Comparison

The maximum XRP drawdown since its inception was -55.49%, which is greater than BTRN's maximum drawdown of -36.97%. Use the drawdown chart below to compare losses from any high point for XRP and BTRN.

Drawdown Indicators

	XRP	BTRN	Difference
Max Drawdown Largest peak-to-trough decline	-55.49%	-36.97%	-18.52%
Max Drawdown (1Y) Largest decline over 1 year	—	-25.73%	—
Current Drawdown Current decline from peak	-53.45%	-26.19%	-27.26%
Average Drawdown Average peak-to-trough decline	-35.02%	-15.20%	-19.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	17.20%	—

Volatility

Volatility by Period

	XRP	BTRN	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.68%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.75%	—
Volatility (1Y) Calculated over the trailing 1-year period	71.38%	16.62%	+54.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	71.38%	29.91%	+41.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	71.38%	29.91%	+41.47%

XRP vs. BTRN - Expense Ratio Comparison

XRP has a 0.34% expense ratio, which is lower than BTRN's 0.95% expense ratio.

Dividends

XRP vs. BTRN - Dividend Comparison

XRP has not paid dividends to shareholders, while BTRN's dividend yield for the trailing twelve months is around 31.32%.

Position	TTM	2025	2024
BTRN Global X Bitcoin Trend Strategy ETF	31.32%	27.76%	2.56%
XRP Bitwise XRP ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XRP and BTRN in my portfolio?

XRP and BTRN have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XRP or BTRN?

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.

Which ETF is cheaper, XRP or BTRN?

XRP is cheaper with a 0.34% expense ratio, compared with 0.95% for BTRN.

Which ETF pays a higher dividend yield, XRP or BTRN?

BTRN has the higher dividend yield at 31.32%, compared with 0.00% for XRP.

What is the main difference between XRP and BTRN?

They also come from different issuers: Bitwise and Global X. Their fees differ too: 0.34% for XRP and 0.95% for BTRN.