XRP vs. BWEB
Compare and contrast key facts about Bitwise XRP ETF (XRP) and Bitwise Web3 ETF (BWEB).
XRP and BWEB 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. BWEB is a passively managed fund by Bitwise that tracks the performance of the Bitwise Web3 Equities Index - Benchmark TR Gross. It was launched on Oct 4, 2022.
Performance
XRP vs. BWEB - Performance Comparison
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XRP vs. BWEB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XRP Bitwise XRP ETF | -26.36% | -8.64% |
BWEB Bitwise Web3 ETF | -9.74% | 4.66% |
Returns By Period
In the year-to-date period, XRP achieves a -26.36% return, which is significantly lower than BWEB's -9.74% return.
XRP
- 1D
- 0.53%
- 1M
- -3.33%
- YTD
- -26.36%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BWEB
- 1D
- 0.59%
- 1M
- -5.00%
- YTD
- -9.74%
- 6M
- -21.44%
- 1Y
- 29.34%
- 3Y*
- 29.25%
- 5Y*
- —
- 10Y*
- —
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XRP vs. BWEB - Expense Ratio Comparison
XRP has a 0.34% expense ratio, which is lower than BWEB's 0.85% expense ratio.
Return for Risk
XRP vs. BWEB — Risk / Return Rank
XRP
BWEB
XRP vs. BWEB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitwise XRP ETF (XRP) and Bitwise Web3 ETF (BWEB). 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 | BWEB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.78 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.78 | 0.78 | -1.56 |
Correlation
The correlation between XRP and BWEB is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
XRP vs. BWEB - Dividend Comparison
Neither XRP nor BWEB has paid dividends to shareholders.
Drawdowns
XRP vs. BWEB - Drawdown Comparison
The maximum XRP drawdown since its inception was -48.71%, which is greater than BWEB's maximum drawdown of -33.74%. Use the drawdown chart below to compare losses from any high point for XRP and BWEB.
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Drawdown Indicators
| XRP | BWEB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.71% | -33.74% | -14.97% |
Max Drawdown (1Y)Largest decline over 1 year | — | -31.61% | — |
Current DrawdownCurrent decline from peak | -41.77% | -27.47% | -14.30% |
Average DrawdownAverage peak-to-trough decline | -24.49% | -9.44% | -15.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 13.37% | — |
Volatility
XRP vs. BWEB - Volatility Comparison
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Volatility by Period
| XRP | BWEB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 12.13% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 27.57% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 86.94% | 37.69% | +49.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 86.94% | 36.42% | +50.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 86.94% | 36.42% | +50.52% |