XRP vs. MSBT

Last updated Jun 4, 2026

XRP (Bitwise XRP ETF) and MSBT (Morgan Stanley Bitcoin Trust) are both Cryptocurrency funds. XRP is actively managed, while MSBT is passively managed. Their correlation of 0.84 suggests significant overlap in exposure. XRP charges 0.34%/yr vs 0.14%/yr for MSBT.

Performance

XRP vs. MSBT - Performance Comparison

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

Returns By Period

XRP

• 1D: -1.54%
• 1M: -14.12%
• YTD: -34.50%
• 6M: -45.52%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MSBT

• 1D: -2.70%
• 1M: -18.41%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XRP vs. MSBT - Yearly Performance Comparison

	2026 (YTD)
XRP Bitwise XRP ETF	-11.17%
MSBT Morgan Stanley Bitcoin Trust	-8.40%

Correlation

The correlation between XRP and MSBT is 0.84, 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 Apr 9, 2026	0.84

Return for Risk

XRP vs. MSBT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bitwise XRP ETF (XRP) and Morgan Stanley Bitcoin Trust (MSBT). 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	MSBT	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.83	-1.33	+0.50

Drawdowns

XRP vs. MSBT - Drawdown Comparison

The maximum XRP drawdown since its inception was -48.71%, which is greater than MSBT's maximum drawdown of -20.25%. Use the drawdown chart below to compare losses from any high point for XRP and MSBT.

Drawdown Indicators

	XRP	MSBT	Difference
Max Drawdown Largest peak-to-trough decline	-48.71%	-20.25%	-28.46%
Current Drawdown Current decline from peak	-48.21%	-20.25%	-27.96%
Average Drawdown Average peak-to-trough decline	-29.70%	-3.91%	-25.79%

Volatility

Volatility by Period

	XRP	MSBT	Difference
Volatility (1Y) Calculated over the trailing 1-year period	75.13%	32.92%	+42.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	75.13%	32.92%	+42.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	75.13%	32.92%	+42.21%

XRP vs. MSBT - Expense Ratio Comparison

XRP has a 0.34% expense ratio, which is higher than MSBT's 0.14% expense ratio.

Dividends

XRP vs. MSBT - Dividend Comparison

Neither XRP nor MSBT has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XRP and MSBT in my portfolio?

XRP and MSBT have a correlation of 0.84, 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 MSBT?

On fees, MSBT is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XRP or MSBT?

MSBT is cheaper with a 0.14% expense ratio, compared with 0.34% for XRP.

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

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

What is the main difference between XRP and MSBT?

They also come from different issuers: Bitwise and Morgan Stanley. Their fees differ too: 0.34% for XRP and 0.14% for MSBT.