XRP vs. IMST
XRP (Bitwise XRP ETF) and IMST (Bitwise Funds Trust) are both exchange-traded funds - XRP is a Cryptocurrency fund actively managed by Bitwise, while IMST is a Derivative Income fund actively managed by Bitwise. Both are actively managed. Their 0.74 correlation means they have sometimes moved together and sometimes differently. XRP charges 0.34%/yr vs 0.99%/yr for IMST.
Performance
XRP vs. IMST - Performance Comparison
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Returns By Period
In the year-to-date period, XRP achieves a -41.13% return, which is significantly lower than IMST's -30.61% return.
XRP
- 1D
- 0.08%
- 1M
- -0.33%
- 6M
- -33.15%
- YTD
- -41.13%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
IMST
- 1D
- 0.56%
- 1M
- -5.61%
- 6M
- -25.68%
- YTD
- -30.61%
- 1Y
- -69.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -52.56%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $166.02K | $154.83K | $265.20K | |
| $5.79M | $6.38M | $8.38M |
XRP vs. IMST - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XRP Bitwise XRP ETF | -41.13% | -15.03% |
IMST Bitwise Funds Trust | -30.61% | -14.73% |
Correlation
The correlation between XRP and IMST is 0.74, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 20, 2025 | 0.74 |
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Return for Risk
XRP vs. IMST — Risk / Return Rank
XRP
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IMST
XRP vs. IMST - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitwise XRP ETF (XRP) and Bitwise Funds Trust (IMST). 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 | IMST | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.75 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.96 | — |
| Martin ratioReturn relative to average drawdown | — | -1.40 | — |
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Drawdowns
XRP vs. IMST - Drawdown Comparison
The maximum XRP drawdown since its inception was -55.49%, smaller than the maximum IMST drawdown of -75.63%. Use the drawdown chart below to compare losses from any high point for XRP and IMST.
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Drawdown Indicators
| XRP | IMST | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.49% | -75.63% | +20.14% |
Max Drawdown (1Y)Largest decline over 1 year | — | -72.94% | — |
Current DrawdownCurrent decline from peak | -53.45% | -72.85% | +19.40% |
Average DrawdownAverage peak-to-trough decline | -35.02% | -39.52% | +4.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 50.26% | — |
Volatility
XRP vs. IMST - Volatility Comparison
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Volatility by Period
| XRP | IMST | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 9.69% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 45.17% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 71.38% | 60.00% | +11.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.38% | 59.75% | +11.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.38% | 59.75% | +11.63% |
XRP vs. IMST - Expense Ratio Comparison
XRP has a 0.34% expense ratio, which is lower than IMST's 0.99% expense ratio.
Dividends
XRP vs. IMST - Dividend Comparison
XRP has not paid dividends to shareholders, while IMST's dividend yield for the trailing twelve months is around 209.43%.
| Position | TTM | 2025 |
|---|---|---|
IMST Bitwise Funds Trust | 209.43% | 195.93% |
XRP Bitwise XRP ETF | 0.00% | 0.00% |
Frequently Asked Questions
XRP and IMST have a correlation of 0.74, 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 0.99% for IMST.
IMST has the higher dividend yield at 209.43%, compared with 0.00% for XRP.
XRP is categorized as Cryptocurrency, while IMST is Derivative Income. Their fees differ too: 0.34% for XRP and 0.99% for IMST.
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