XRP vs. SBIT
XRP (Bitwise XRP ETF) and SBIT (Proshares Ultrashort Bitcoin ETF) are both Cryptocurrency funds. XRP is actively managed, while SBIT is passively managed. At a correlation of -0.89, they often move in opposite directions. XRP charges 0.34%/yr vs 0.95%/yr for SBIT.
Performance
XRP vs. SBIT - Performance Comparison
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Returns By Period
In the year-to-date period, XRP achieves a -34.50% return, which is significantly lower than SBIT's 37.02% return.
XRP
- 1D
- -1.54%
- 1M
- -14.12%
- YTD
- -34.50%
- 6M
- -45.52%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SBIT
- 1D
- 5.42%
- 1M
- 46.58%
- YTD
- 37.02%
- 6M
- 52.37%
- 1Y
- 68.00%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XRP vs. SBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XRP Bitwise XRP ETF | -34.50% | -8.64% |
SBIT Proshares Ultrashort Bitcoin ETF | 37.02% | -7.20% |
Correlation
The correlation between XRP and SBIT is -0.89, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 21, 2025 | -0.89 |
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Return for Risk
XRP vs. SBIT — Risk / Return Rank
XRP
SBIT
XRP vs. SBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitwise XRP ETF (XRP) and Proshares Ultrashort Bitcoin ETF (SBIT). 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 | SBIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.78 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.83 | -0.46 | -0.37 |
Drawdowns
XRP vs. SBIT - Drawdown Comparison
The maximum XRP drawdown since its inception was -48.71%, smaller than the maximum SBIT drawdown of -91.35%. Use the drawdown chart below to compare losses from any high point for XRP and SBIT.
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Drawdown Indicators
| XRP | SBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.71% | -91.35% | +42.64% |
Max Drawdown (1Y)Largest decline over 1 year | — | -47.94% | — |
Current DrawdownCurrent decline from peak | -48.21% | -78.26% | +30.05% |
Average DrawdownAverage peak-to-trough decline | -29.70% | -68.55% | +38.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 24.69% | — |
Volatility
XRP vs. SBIT - Volatility Comparison
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Volatility by Period
| XRP | SBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 18.22% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 68.46% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 75.13% | 87.18% | -12.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 75.13% | 97.47% | -22.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 75.13% | 97.47% | -22.34% |
XRP vs. SBIT - Expense Ratio Comparison
XRP has a 0.34% expense ratio, which is lower than SBIT's 0.95% expense ratio.
Dividends
XRP vs. SBIT - Dividend Comparison
XRP has not paid dividends to shareholders, while SBIT's dividend yield for the trailing twelve months is around 3.42%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
SBIT Proshares Ultrashort Bitcoin ETF | 3.42% | 0.52% | 1.00% |
XRP Bitwise XRP ETF | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XRP and SBIT have a correlation of -0.89, 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 0.95% for SBIT.
SBIT has the higher dividend yield at 3.42%, compared with 0.00% for XRP.
They also come from different issuers: Bitwise and ProShares. Their fees differ too: 0.34% for XRP and 0.95% for SBIT.
Find the right allocation for XRP and SBIT
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