XRPT vs. BITS

Last updated Jun 25, 2026

XRPT (Volatility Shares 2x XRP ETF) and BITS (Global X Blockchain & Bitcoin Strategy ETF) are both Cryptocurrency funds. XRPT is actively managed, while BITS is passively managed. Over the past year, XRPT returned -90.61% vs 4.90% for BITS. A 0.73 correlation means they provide meaningful diversification when combined. XRPT charges 0.94%/yr vs 0.65%/yr for BITS.

Performance

XRPT vs. BITS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Volatility Shares 2x XRP ETF (XRPT) and Global X Blockchain & Bitcoin Strategy ETF (BITS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XRPT achieves a -77.14% return, which is significantly lower than BITS's -5.85% return.

XRPT

• 1D: -8.65%
• 1M: -41.09%
• YTD: -77.14%
• 6M: -77.64%
• 1Y: -90.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BITS

• 1D: -4.84%
• 1M: -14.26%
• YTD: -5.85%
• 6M: -9.20%
• 1Y: 4.90%
• 3Y*: 38.72%
• 5Y*: —
• 10Y*: —

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

XRPT vs. BITS - Yearly Performance Comparison

	2026 (YTD)	2025
XRPT Volatility Shares 2x XRP ETF	-77.14%	-67.94%
BITS Global X Blockchain & Bitcoin Strategy ETF	-5.85%	13.61%

Correlation

The correlation between XRPT and BITS is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.73
Correlation (All Time) Calculated using the full available price history since May 22, 2025	0.73

The correlation between XRPT and BITS has been stable across timeframes, ranging from 0.73 to 0.73 - a consistent structural relationship.

Return for Risk

XRPT vs. BITS — Risk / Return Rank

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

XRPT

XRPT Risk / Return Rank: 3
XRPT Sharpe Ratio Rank: 4
XRPT Sortino Ratio Rank: 3
XRPT Omega Ratio Rank: 3
XRPT Calmar Ratio Rank: 1
XRPT Martin Ratio Rank: 3

BITS

BITS Risk / Return Rank: 11
BITS Sharpe Ratio Rank: 10
BITS Sortino Ratio Rank: 12
BITS Omega Ratio Rank: 12
BITS Calmar Ratio Rank: 10
BITS Martin Ratio Rank: 9

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.

XRPT vs. BITS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Volatility Shares 2x XRP ETF (XRPT) and Global X Blockchain & Bitcoin Strategy ETF (BITS). 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.

	XRPT	BITS	Difference
Sharpe ratio: Return per unit of total volatility	-0.60	0.09	-0.69
Sortino ratio: Return per unit of downside risk	-1.21	0.51	-1.71
Omega ratio: Gain probability vs. loss probability	0.87	1.06	-0.19
Calmar ratio: Return relative to maximum drawdown	-0.94	0.10	-1.05
Martin ratio: Return relative to average drawdown	-1.23	0.18	-1.41

XRPT vs. BITS - Sharpe Ratio Comparison

The current XRPT Sharpe Ratio is -0.60, which is lower than the BITS Sharpe Ratio of 0.09. The chart below compares the historical Sharpe Ratios of XRPT and BITS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

XRPT vs. BITS - Drawdown Comparison

The maximum XRPT drawdown since its inception was -96.15%, which is greater than BITS's maximum drawdown of -83.11%. Use the drawdown chart below to compare losses from any high point for XRPT and BITS.

Drawdown Indicators

	XRPT	BITS	Difference
Max Drawdown Largest peak-to-trough decline	-96.15%	-83.11%	-13.04%
Max Drawdown (1Y) Largest decline over 1 year	-96.15%	-48.38%	-47.77%
Max Drawdown (3Y) Largest decline over 3 years	—	-48.38%	—
Current Drawdown Current decline from peak	-96.15%	-38.01%	-58.14%
Average Drawdown Average peak-to-trough decline	-64.45%	-42.62%	-21.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	73.62%	26.93%	+46.69%

Volatility

XRPT vs. BITS - Volatility Comparison

Volatility Shares 2x XRP ETF (XRPT) has a higher volatility of 39.09% compared to Global X Blockchain & Bitcoin Strategy ETF (BITS) at 15.28%. This indicates that XRPT's price experiences larger fluctuations and is considered to be riskier than BITS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XRPT	BITS	Difference
Volatility (1M) Calculated over the trailing 1-month period	39.09%	15.28%	+23.81%
Volatility (6M) Calculated over the trailing 6-month period	107.79%	40.87%	+66.92%
Volatility (1Y) Calculated over the trailing 1-year period	151.88%	53.44%	+98.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	149.90%	60.88%	+89.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	149.90%	60.88%	+89.02%

XRPT vs. BITS - Expense Ratio Comparison

XRPT has a 0.94% expense ratio, which is higher than BITS's 0.65% expense ratio.

Dividends

XRPT vs. BITS - Dividend Comparison

XRPT's dividend yield for the trailing twelve months is around 6.95%, less than BITS's 24.21% yield.

Position	TTM	2025	2024	2023	2022	2021
BITS Global X Blockchain & Bitcoin Strategy ETF	24.21%	22.80%	29.49%	13.69%	0.48%	1.90%
XRPT Volatility Shares 2x XRP ETF	6.95%	1.23%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XRPT and BITS in my portfolio?

XRPT and BITS have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XRPT or BITS?

XRPT has higher volatility (39.09%) compared to BITS (15.28%). In terms of maximum drawdown, XRPT dropped -96.15% vs BITS's -83.11%.

Which ETF is better, XRPT or BITS?

On 1-year performance, BITS leads with 4.90% vs -90.61% for XRPT. On fees, BITS is cheaper at 0.65% per year. On volatility, BITS has been the lower-risk option at 15.28%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XRPT or BITS?

Over the 1-year period, BITS has performed better with a 4.90% return vs -90.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XRPT or BITS?

BITS is cheaper with a 0.65% expense ratio, compared with 0.94% for XRPT.

Which ETF pays a higher dividend yield, XRPT or BITS?

BITS has the higher dividend yield at 24.21%, compared with 6.95% for XRPT.

What is the main difference between XRPT and BITS?

They also come from different issuers: Volatility Shares and Global X. Their fees differ too: 0.94% for XRPT and 0.65% for BITS.

Which has better risk-adjusted returns?

BITS currently has the higher Sharpe Ratio (0.09 vs -0.60), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.