XRP vs. XRP-USD

Last updated Apr 3, 2026

Compare and contrast key facts about Bitwise XRP ETF (XRP) and Ripple (XRP-USD).

XRP is an actively managed fund by Bitwise. It was launched on Nov 19, 2025.

Performance

XRP vs. XRP-USD - Performance Comparison

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

XRP vs. XRP-USD - Yearly Performance Comparison

	2026 (YTD)	2025
XRP Bitwise XRP ETF	-28.70%	-8.64%
XRP-USD Ripple	-28.48%	-7.93%

Returns By Period

The year-to-date returns for both investments are quite close, with XRP having a -28.70% return and XRP-USD slightly higher at -28.48%.

XRP

• 1D: -3.18%
• 1M: -3.37%
• YTD: -28.70%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

XRP-USD

• 1D: -2.42%
• 1M: -3.34%
• YTD: -28.48%
• 6M: -56.73%
• 1Y: -35.00%
• 3Y*: 38.33%
• 5Y*: 17.35%
• 10Y*: —

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

Return for Risk

XRP vs. XRP-USD — Risk / Return Rank

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

XRP-USD

XRP-USD Risk / Return Rank: 40
XRP-USD Sharpe Ratio Rank: 59
XRP-USD Sortino Ratio Rank: 60
XRP-USD Omega Ratio Rank: 60
XRP-USD Calmar Ratio Rank: 17
XRP-USD Martin Ratio Rank: 4

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. XRP-USD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bitwise XRP ETF (XRP) and Ripple (XRP-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	XRP-USD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.49	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.18	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.81	0.57	-1.38

Correlation

The correlation between XRP and XRP-USD is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Drawdowns

XRP vs. XRP-USD - Drawdown Comparison

The maximum XRP drawdown since its inception was -48.71%, smaller than the maximum XRP-USD drawdown of -95.87%. Use the drawdown chart below to compare losses from any high point for XRP and XRP-USD.

Drawdown Indicators

	XRP	XRP-USD	Difference
Max Drawdown Largest peak-to-trough decline	-48.71%	-95.87%	+47.16%
Max Drawdown (1Y) Largest decline over 1 year	—	-65.87%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-83.25%	—
Current Drawdown Current decline from peak	-43.62%	-62.97%	+19.35%
Average Drawdown Average peak-to-trough decline	-24.70%	-71.20%	+46.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	37.80%	—

Volatility

Volatility by Period

	XRP	XRP-USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	13.05%	—
Volatility (6M) Calculated over the trailing 6-month period	—	53.60%	—
Volatility (1Y) Calculated over the trailing 1-year period	86.58%	59.67%	+26.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	86.58%	81.32%	+5.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	86.58%	112.80%	-26.22%