XRPR vs. BDRY

Last updated Jul 11, 2026

XRPR (REX-Osprey XRP ETF) and BDRY (Breakwave Dry Bulk Shipping ETF) are both exchange-traded funds - XRPR is a fund fund actively managed by REX, while BDRY is a Commodities fund tracking the Breakwave Dry Freight Futures Index. XRPR is actively managed, while BDRY is passively managed. At a correlation of -0.07, they often move in opposite directions. XRPR charges 0.75%/yr vs 3.76%/yr for BDRY.

Performance

XRPR vs. BDRY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in REX-Osprey XRP ETF (XRPR) and Breakwave Dry Bulk Shipping ETF (BDRY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XRPR achieves a -39.45% return, which is significantly lower than BDRY's 46.98% return.

XRPR

• 1D: 1.45%
• 1M: -2.30%
• 6M: -47.21%
• YTD: -39.45%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BDRY

• 1D: -0.46%
• 1M: 4.63%
• 6M: 45.65%
• YTD: 46.98%
• 1Y: 81.81%
• 3Y*: 35.16%
• 5Y*: -13.61%
• 10Y*: —

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

XRPR vs. BDRY - Yearly Performance Comparison

	2026 (YTD)	2025
XRPR REX-Osprey XRP ETF	-39.45%	-41.98%
BDRY Breakwave Dry Bulk Shipping ETF	46.98%	7.74%

Correlation

The correlation between XRPR and BDRY is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 18, 2025	-0.07

Return for Risk

XRPR vs. BDRY — Risk / Return Rank

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

XRPR

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

BDRY

BDRY Risk / Return Rank: 80
BDRY Sharpe Ratio Rank: 87
BDRY Sortino Ratio Rank: 76
BDRY Omega Ratio Rank: 71
BDRY Calmar Ratio Rank: 90
BDRY Martin Ratio Rank: 78

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.

XRPR vs. BDRY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for REX-Osprey XRP ETF (XRPR) and Breakwave Dry Bulk Shipping ETF (BDRY). 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.

	XRPR	BDRY	Difference
Sharpe ratio: Return per unit of total volatility	—	2.24	—
Sortino ratio: Return per unit of downside risk	—	2.71	—
Omega ratio: Gain probability vs. loss probability	—	1.33	—
Calmar ratio: Return relative to maximum drawdown	—	4.35	—
Martin ratio: Return relative to average drawdown	—	11.85	—

Drawdowns

XRPR vs. BDRY - Drawdown Comparison

The maximum XRPR drawdown since its inception was -67.27%, smaller than the maximum BDRY drawdown of -89.16%. Use the drawdown chart below to compare losses from any high point for XRPR and BDRY.

Drawdown Indicators

	XRPR	BDRY	Difference
Max Drawdown Largest peak-to-trough decline	-67.27%	-89.16%	+21.89%
Max Drawdown (1Y) Largest decline over 1 year	—	-21.60%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-69.71%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-89.16%	—
Current Drawdown Current decline from peak	-64.87%	-68.95%	+4.08%
Average Drawdown Average peak-to-trough decline	-43.66%	-58.50%	+14.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	7.92%	—

Volatility

Volatility by Period

	XRPR	BDRY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.58%	—
Volatility (6M) Calculated over the trailing 6-month period	—	29.58%	—
Volatility (1Y) Calculated over the trailing 1-year period	76.43%	42.42%	+34.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	76.43%	60.03%	+16.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	76.43%	62.28%	+14.15%

XRPR vs. BDRY - Expense Ratio Comparison

XRPR has a 0.75% expense ratio, which is lower than BDRY's 3.76% expense ratio.

Dividends

XRPR vs. BDRY - Dividend Comparison

Neither XRPR nor BDRY has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XRPR and BDRY in my portfolio?

XRPR and BDRY have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XRPR or BDRY?

On fees, XRPR is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XRPR or BDRY?

XRPR is cheaper with a 0.75% expense ratio, compared with 3.76% for BDRY.

Which ETF pays a higher dividend yield, XRPR or BDRY?

XRPR and BDRY have nearly identical dividend yields, around 0.00%.

What is the main difference between XRPR and BDRY?

They also come from different issuers: REX and ETFMG. Their fees differ too: 0.75% for XRPR and 3.76% for BDRY.