XRPC vs. BTRN

Last updated Jul 12, 2026

XRPC (Canary XRP ETF) and BTRN (Global X Bitcoin Trend Strategy ETF) are both Cryptocurrency funds. XRPC is actively managed, while BTRN is passively managed. At a 0.43 correlation, their price movements are largely independent. XRPC charges 0.50%/yr vs 0.95%/yr for BTRN.

Performance

XRPC vs. BTRN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Canary XRP ETF (XRPC) and Global X Bitcoin Trend Strategy ETF (BTRN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XRPC achieves a -39.69% return, which is significantly lower than BTRN's -9.90% return.

XRPC

• 1D: 0.60%
• 1M: -3.46%
• 6M: -47.09%
• YTD: -39.69%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BTRN

• 1D: 0.32%
• 1M: -0.78%
• 6M: -9.62%
• YTD: -9.90%
• 1Y: -24.65%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XRPC vs. BTRN - Yearly Performance Comparison

	2026 (YTD)	2025
XRPC Canary XRP ETF	-39.69%	-26.96%
BTRN Global X Bitcoin Trend Strategy ETF	-9.90%	-0.44%

Correlation

The correlation between XRPC and BTRN is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 13, 2025	0.43

Return for Risk

XRPC vs. BTRN — Risk / Return Rank

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

XRPC

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

BTRN

BTRN Risk / Return Rank: 1
BTRN Sharpe Ratio Rank: 0
BTRN Sortino Ratio Rank: 1
BTRN Omega Ratio Rank: 1
BTRN Calmar Ratio Rank: 2
BTRN Martin Ratio Rank: 2

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.

XRPC vs. BTRN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Canary XRP ETF (XRPC) and Global X Bitcoin Trend Strategy ETF (BTRN). 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.

	XRPC	BTRN	Difference
Sharpe ratio: Return per unit of total volatility	—	-1.20	—
Sortino ratio: Return per unit of downside risk	—	-1.64	—
Omega ratio: Gain probability vs. loss probability	—	0.77	—
Calmar ratio: Return relative to maximum drawdown	—	-0.82	—
Martin ratio: Return relative to average drawdown	—	-1.29	—

Drawdowns

XRPC vs. BTRN - Drawdown Comparison

The maximum XRPC drawdown since its inception was -58.81%, which is greater than BTRN's maximum drawdown of -36.97%. Use the drawdown chart below to compare losses from any high point for XRPC and BTRN.

Drawdown Indicators

	XRPC	BTRN	Difference
Max Drawdown Largest peak-to-trough decline	-58.81%	-36.97%	-21.84%
Max Drawdown (1Y) Largest decline over 1 year	—	-26.45%	—
Current Drawdown Current decline from peak	-55.95%	-25.80%	-30.15%
Average Drawdown Average peak-to-trough decline	-37.74%	-14.88%	-22.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	16.74%	—

Volatility

Volatility by Period

	XRPC	BTRN	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.59%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.23%	—
Volatility (1Y) Calculated over the trailing 1-year period	75.02%	18.09%	+56.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	75.02%	30.30%	+44.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	75.02%	30.30%	+44.72%

XRPC vs. BTRN - Expense Ratio Comparison

XRPC has a 0.50% expense ratio, which is lower than BTRN's 0.95% expense ratio.

Dividends

XRPC vs. BTRN - Dividend Comparison

XRPC has not paid dividends to shareholders, while BTRN's dividend yield for the trailing twelve months is around 31.16%.

Position	TTM	2025	2024
BTRN Global X Bitcoin Trend Strategy ETF	31.16%	27.76%	2.56%
XRPC Canary XRP ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XRPC and BTRN in my portfolio?

XRPC and BTRN have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XRPC or BTRN?

On fees, XRPC is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XRPC or BTRN?

XRPC is cheaper with a 0.50% expense ratio, compared with 0.95% for BTRN.

Which ETF pays a higher dividend yield, XRPC or BTRN?

BTRN has the higher dividend yield at 31.16%, compared with 0.00% for XRPC.

What is the main difference between XRPC and BTRN?

They also come from different issuers: Canary Capital and Global X. Their fees differ too: 0.50% for XRPC and 0.95% for BTRN.