XRPC vs. WGMI

Last updated Jun 23, 2026

XRPC (Canary XRP ETF) and WGMI (Valkyrie Bitcoin Miners ETF) are both Cryptocurrency funds. Both are actively managed. A 0.58 correlation means they provide meaningful diversification when combined. XRPC charges 0.50%/yr vs 0.75%/yr for WGMI.

Performance

XRPC vs. WGMI - Performance Comparison

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

Returns By Period

In the year-to-date period, XRPC achieves a -38.05% return, which is significantly lower than WGMI's 88.08% return.

XRPC

• 1D: -0.74%
• 1M: -15.26%
• YTD: -38.05%
• 6M: -40.35%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

WGMI

• 1D: -0.17%
• 1M: 16.23%
• YTD: 88.08%
• 6M: 70.65%
• 1Y: 287.41%
• 3Y*: 77.33%
• 5Y*: —
• 10Y*: —

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

XRPC vs. WGMI - Yearly Performance Comparison

	2026 (YTD)	2025
XRPC Canary XRP ETF	-38.05%	-26.96%
WGMI Valkyrie Bitcoin Miners ETF	88.08%	-19.82%

Correlation

The correlation between XRPC and WGMI 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 13, 2025	0.58

Return for Risk

XRPC vs. WGMI — 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.

WGMI

WGMI Risk / Return Rank: 81
WGMI Sharpe Ratio Rank: 96
WGMI Sortino Ratio Rank: 80
WGMI Omega Ratio Rank: 73
WGMI Calmar Ratio Rank: 92
WGMI Martin Ratio Rank: 65

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. WGMI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Canary XRP ETF (XRPC) and Valkyrie Bitcoin Miners ETF (WGMI). 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	WGMI	Difference
Sharpe ratio: Return per unit of total volatility	—	3.77	—
Sortino ratio: Return per unit of downside risk	—	3.39	—
Omega ratio: Gain probability vs. loss probability	—	1.41	—
Calmar ratio: Return relative to maximum drawdown	—	5.68	—
Martin ratio: Return relative to average drawdown	—	11.50	—

Drawdowns

XRPC vs. WGMI - Drawdown Comparison

The maximum XRPC drawdown since its inception was -56.25%, smaller than the maximum WGMI drawdown of -85.76%. Use the drawdown chart below to compare losses from any high point for XRPC and WGMI.

Drawdown Indicators

	XRPC	WGMI	Difference
Max Drawdown Largest peak-to-trough decline	-56.25%	-85.76%	+29.51%
Max Drawdown (1Y) Largest decline over 1 year	—	-50.94%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-62.79%	—
Current Drawdown Current decline from peak	-54.75%	-0.17%	-54.58%
Average Drawdown Average peak-to-trough decline	-36.08%	-42.47%	+6.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	25.12%	—

Volatility

Volatility by Period

	XRPC	WGMI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	21.83%	—
Volatility (6M) Calculated over the trailing 6-month period	—	55.32%	—
Volatility (1Y) Calculated over the trailing 1-year period	77.09%	76.97%	+0.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	77.09%	81.54%	-4.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	77.09%	81.54%	-4.45%

XRPC vs. WGMI - Expense Ratio Comparison

XRPC has a 0.50% expense ratio, which is lower than WGMI's 0.75% expense ratio.

Dividends

XRPC vs. WGMI - Dividend Comparison

Neither XRPC nor WGMI has paid dividends to shareholders.

Position	TTM	2025	2024	2023
WGMI Valkyrie Bitcoin Miners ETF	0.00%	0.00%	0.22%	0.31%
XRPC Canary XRP ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XRPC and WGMI in my portfolio?

XRPC and WGMI 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.

Which ETF is better, XRPC or WGMI?

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 WGMI?

XRPC is cheaper with a 0.50% expense ratio, compared with 0.75% for WGMI.

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

XRPC and WGMI have nearly identical dividend yields, around 0.00%.

What is the main difference between XRPC and WGMI?

They also come from different issuers: Canary Capital and Valkyrie. Their fees differ too: 0.50% for XRPC and 0.75% for WGMI.