XRP vs. SMR

Last updated Jul 16, 2026

XRP (Bitwise XRP ETF) is Cryptocurrency fund actively managed by Bitwise, while SMR (NuScale Power Corporation) is a stock. A 0.52 correlation means they provide meaningful diversification when combined.

Performance

XRP vs. SMR - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with XRP having a -39.52% return and SMR slightly lower at -41.00%.

XRP

• 1D: -0.37%
• 1M: -12.97%
• 6M: -48.59%
• YTD: -39.52%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SMR

• 1D: -2.79%
• 1M: -21.43%
• 6M: -57.84%
• YTD: -41.00%
• 1Y: -80.55%
• 3Y*: 3.00%
• 5Y*: -3.50%
• 10Y*: —

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

XRP vs. SMR - Yearly Performance Comparison

	2026 (YTD)	2025
XRP Bitwise XRP ETF	-39.52%	-15.03%
SMR NuScale Power Corporation	-41.00%	-32.94%

Correlation

The correlation between XRP and SMR is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 20, 2025	0.52

Return for Risk

XRP vs. SMR — Risk / Return Rank

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

XRP

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

SMR

SMR Risk / Return Rank: 8
SMR Sharpe Ratio Rank: 10
SMR Sortino Ratio Rank: 6
SMR Omega Ratio Rank: 9
SMR Calmar Ratio Rank: 4
SMR Martin Ratio Rank: 13

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. SMR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bitwise XRP ETF (XRP) and NuScale Power Corporation (SMR). 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	SMR	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.80	—
Sortino ratio: Return per unit of downside risk	—	-1.61	—
Omega ratio: Gain probability vs. loss probability	—	0.83	—
Calmar ratio: Return relative to maximum drawdown	—	-0.96	—
Martin ratio: Return relative to average drawdown	—	-1.30	—

Drawdowns

XRP vs. SMR - Drawdown Comparison

The maximum XRP drawdown since its inception was -55.49%, smaller than the maximum SMR drawdown of -87.47%. Use the drawdown chart below to compare losses from any high point for XRP and SMR.

Drawdown Indicators

	XRP	SMR	Difference
Max Drawdown Largest peak-to-trough decline	-55.49%	-87.47%	+31.98%
Max Drawdown (1Y) Largest decline over 1 year	—	-84.37%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-84.37%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-87.47%	—
Current Drawdown Current decline from peak	-52.18%	-84.35%	+32.17%
Average Drawdown Average peak-to-trough decline	-33.46%	-35.78%	+2.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	61.94%	—

Volatility

Volatility by Period

	XRP	SMR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	23.26%	—
Volatility (6M) Calculated over the trailing 6-month period	—	66.93%	—
Volatility (1Y) Calculated over the trailing 1-year period	73.85%	100.48%	-26.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	73.85%	94.16%	-20.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	73.85%	89.19%	-15.34%

Dividends

XRP vs. SMR - Dividend Comparison

Neither XRP nor SMR has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XRP and SMR in my portfolio?

XRP and SMR have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.