XRP vs. IBLC

Last updated Apr 1, 2026

Compare and contrast key facts about Bitwise XRP ETF (XRP) and iShares Blockchain and Tech ETF (IBLC).

XRP and IBLC 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. IBLC is a passively managed fund by iShares that tracks the performance of the ICE FactSet Global Blockchain Technologies Index. It was launched on Apr 25, 2022.

Performance

XRP vs. IBLC - Performance Comparison

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

XRP vs. IBLC - Yearly Performance Comparison

	2026 (YTD)	2025
XRP Bitwise XRP ETF	-26.75%	-8.64%
IBLC iShares Blockchain and Tech ETF	-10.80%	0.53%

Returns By Period

In the year-to-date period, XRP achieves a -26.75% return, which is significantly lower than IBLC's -10.80% return.

XRP

• 1D: 1.76%
• 1M: -0.86%
• YTD: -26.75%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IBLC

• 1D: -0.14%
• 1M: -9.00%
• YTD: -10.80%
• 6M: -30.61%
• 1Y: 50.32%
• 3Y*: 34.91%
• 5Y*: —
• 10Y*: —

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

XRP vs. IBLC - Expense Ratio Comparison

XRP has a 0.34% expense ratio, which is lower than IBLC's 0.47% expense ratio.

IBLC

iShares Blockchain and Tech ETF

XRP

Bitwise XRP ETF

Return for Risk

XRP vs. IBLC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IBLC

IBLC Risk / Return Rank: 44
IBLC Sharpe Ratio Rank: 45
IBLC Sortino Ratio Rank: 55
IBLC Omega Ratio Rank: 42
IBLC Calmar Ratio Rank: 47
IBLC Martin Ratio Rank: 31

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XRP vs. IBLC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bitwise XRP ETF (XRP) and iShares Blockchain and Tech ETF (IBLC). 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	IBLC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.87	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.79	0.23	-1.01

Correlation

The correlation between XRP and IBLC is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

XRP vs. IBLC - Dividend Comparison

XRP has not paid dividends to shareholders, while IBLC's dividend yield for the trailing twelve months is around 7.07%.

	TTM	2025	2024	2023	2022
XRP Bitwise XRP ETF	0.00%	0.00%	0.00%	0.00%	0.00%
IBLC iShares Blockchain and Tech ETF	7.07%	6.31%	1.60%	1.79%	0.84%

Drawdowns

XRP vs. IBLC - Drawdown Comparison

The maximum XRP drawdown since its inception was -48.71%, smaller than the maximum IBLC drawdown of -62.54%. Use the drawdown chart below to compare losses from any high point for XRP and IBLC.

Drawdown Indicators

	XRP	IBLC	Difference
Max Drawdown Largest peak-to-trough decline	-48.71%	-62.54%	+13.83%
Max Drawdown (1Y) Largest decline over 1 year	—	-44.94%	—
Current Drawdown Current decline from peak	-42.08%	-41.36%	-0.72%
Average Drawdown Average peak-to-trough decline	-24.29%	-26.02%	+1.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	20.32%	—

Volatility

Volatility by Period

	XRP	IBLC	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	18.30%	—
Volatility (6M) Calculated over the trailing 6-month period	—	44.22%	—
Volatility (1Y) Calculated over the trailing 1-year period	87.42%	58.28%	+29.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	87.42%	65.13%	+22.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	87.42%	65.13%	+22.29%