XRP vs. CLNK

Last updated Jun 5, 2026

XRP (Bitwise XRP ETF) and CLNK (Bitwise Chainlink ETF) are both Cryptocurrency funds from Bitwise. XRP is actively managed, while CLNK is passively managed. Their correlation of 0.92 suggests significant overlap in exposure. Both charge a 0.34% expense ratio.

Performance

XRP vs. CLNK - Performance Comparison

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

Returns By Period

XRP

• 1D: -2.38%
• 1M: -17.12%
• YTD: -36.06%
• 6M: -44.48%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CLNK

• 1D: -1.65%
• 1M: -17.28%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XRP vs. CLNK - Yearly Performance Comparison

	2026 (YTD)
XRP Bitwise XRP ETF	-45.65%
CLNK Bitwise Chainlink ETF	-42.88%

Correlation

The correlation between XRP and CLNK is 0.92, 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 Jan 15, 2026	0.92

Return for Risk

XRP vs. CLNK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bitwise XRP ETF (XRP) and Bitwise Chainlink ETF (CLNK). 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.

Sharpe Ratios by Period

	XRP	CLNK	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.86	-1.15	+0.30

Drawdowns

XRP vs. CLNK - Drawdown Comparison

The maximum XRP drawdown since its inception was -49.44%, which is greater than CLNK's maximum drawdown of -43.56%. Use the drawdown chart below to compare losses from any high point for XRP and CLNK.

Drawdown Indicators

	XRP	CLNK	Difference
Max Drawdown Largest peak-to-trough decline	-49.44%	-43.56%	-5.88%
Current Drawdown Current decline from peak	-49.44%	-42.88%	-6.56%
Average Drawdown Average peak-to-trough decline	-29.85%	-32.45%	+2.60%

Volatility

Volatility by Period

	XRP	CLNK	Difference
Volatility (1Y) Calculated over the trailing 1-year period	74.90%	66.84%	+8.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	74.90%	66.84%	+8.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	74.90%	66.84%	+8.06%

XRP vs. CLNK - Expense Ratio Comparison

Both XRP and CLNK have an expense ratio of 0.34%.

Dividends

XRP vs. CLNK - Dividend Comparison

Neither XRP nor CLNK has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XRP and CLNK in my portfolio?

With a correlation of 0.92, XRP and CLNK move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, XRP or CLNK?

Both ETFs have the same 0.34% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XRP or CLNK?

XRP and CLNK have the same expense ratio: 0.34% per year.

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

XRP and CLNK have nearly identical dividend yields, around 0.00%.