XRP vs. SOL-USD

Last updated Jun 3, 2026

XRP (Bitwise XRP ETF) is Cryptocurrency fund actively managed by Bitwise, while SOL-USD (Solana) is a cryptocurrency. A 0.58 correlation means they provide meaningful diversification when combined.

Performance

XRP vs. SOL-USD - Performance Comparison

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

Returns By Period

In the year-to-date period, XRP achieves a -33.48% return, which is significantly higher than SOL-USD's -39.98% return.

XRP

• 1D: -6.06%
• 1M: -12.33%
• YTD: -33.48%
• 6M: -43.59%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SOL-USD

• 1D: -7.96%
• 1M: -10.98%
• YTD: -39.98%
• 6M: -46.14%
• 1Y: -52.39%
• 3Y*: 52.17%
• 5Y*: 13.61%
• 10Y*: —

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

XRP vs. SOL-USD - Yearly Performance Comparison

	2026 (YTD)	2025
XRP Bitwise XRP ETF	-33.48%	-8.64%
SOL-USD Solana	-39.98%	-6.77%

Correlation

The correlation between XRP and SOL-USD is 0.58, 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 21, 2025	0.58

Return for Risk

XRP vs. SOL-USD — Risk / Return Rank

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

SOL-USD

SOL-USD Risk / Return Rank: 32
SOL-USD Sharpe Ratio Rank: 37
SOL-USD Sortino Ratio Rank: 43
SOL-USD Omega Ratio Rank: 45
SOL-USD Calmar Ratio Rank: 15
SOL-USD Martin Ratio Rank: 21

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. SOL-USD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bitwise XRP ETF (XRP) and Solana (SOL-USD). 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	SOL-USD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.73	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.14	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.82	0.86	-1.68

Drawdowns

XRP vs. SOL-USD - Drawdown Comparison

The maximum XRP drawdown since its inception was -48.71%, smaller than the maximum SOL-USD drawdown of -96.27%. Use the drawdown chart below to compare losses from any high point for XRP and SOL-USD.

Drawdown Indicators

	XRP	SOL-USD	Difference
Max Drawdown Largest peak-to-trough decline	-48.71%	-96.27%	+47.56%
Max Drawdown (1Y) Largest decline over 1 year	—	-69.83%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-71.49%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-96.27%	—
Current Drawdown Current decline from peak	-47.40%	-71.49%	+24.09%
Average Drawdown Average peak-to-trough decline	-29.56%	-51.33%	+21.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	51.35%	—

Volatility

Volatility by Period

	XRP	SOL-USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	14.01%	—
Volatility (6M) Calculated over the trailing 6-month period	—	45.50%	—
Volatility (1Y) Calculated over the trailing 1-year period	75.39%	59.61%	+15.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	75.39%	82.79%	-7.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	75.39%	99.86%	-24.47%

Frequently Asked Questions

Can I hold both XRP and SOL-USD in my portfolio?

XRP and SOL-USD have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.