ETCG vs. GXRP
ETCG (Grayscale Ethereum Classic Trust (ETC)) and GXRP (Grayscale XRP Trust ETF) are both Cryptocurrency funds from Grayscale - ETCG tracks the Ethereum Classic (ETC) while GXRP tracks the CoinDesk XRP Reference Rate Index. Both are passively managed. A 0.78 correlation means they provide meaningful diversification when combined. ETCG charges 2.50%/yr vs 0.35%/yr for GXRP.
Performance
ETCG vs. GXRP - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with ETCG having a -37.40% return and GXRP slightly higher at -35.87%.
ETCG
- 1D
- -3.10%
- 1M
- -11.55%
- YTD
- -37.40%
- 6M
- -45.61%
- 1Y
- -53.60%
- 3Y*
- -8.79%
- 5Y*
- -36.21%
- 10Y*
- —
GXRP
- 1D
- -2.33%
- 1M
- -17.12%
- YTD
- -35.87%
- 6M
- -44.38%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETCG vs. GXRP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ETCG Grayscale Ethereum Classic Trust (ETC) | -37.40% | -15.88% |
GXRP Grayscale XRP Trust ETF | -35.87% | -18.76% |
Correlation
The correlation between ETCG and GXRP is 0.78, 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 25, 2025 | 0.78 |
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Return for Risk
ETCG vs. GXRP — Risk / Return Rank
ETCG
GXRP
ETCG vs. GXRP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale Ethereum Classic Trust (ETC) (ETCG) and Grayscale XRP Trust ETF (GXRP). 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.
| ETCG | GXRP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.85 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.80 | — | — |
| Martin ratioReturn relative to average drawdown | -1.23 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ETCG | GXRP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.87 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.39 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.18 | -1.00 | +0.82 |
Drawdowns
ETCG vs. GXRP - Drawdown Comparison
The maximum ETCG drawdown since its inception was -96.59%, which is greater than GXRP's maximum drawdown of -49.34%. Use the drawdown chart below to compare losses from any high point for ETCG and GXRP.
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Drawdown Indicators
| ETCG | GXRP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.59% | -49.34% | -47.25% |
Max Drawdown (1Y)Largest decline over 1 year | -67.13% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -78.55% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -92.70% | — | — |
Current DrawdownCurrent decline from peak | -95.47% | -49.34% | -46.13% |
Average DrawdownAverage peak-to-trough decline | -82.67% | -30.29% | -52.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 43.62% | — | — |
Volatility
ETCG vs. GXRP - Volatility Comparison
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Volatility by Period
| ETCG | GXRP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.24% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 36.67% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 62.10% | 71.66% | -9.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 94.02% | 71.66% | +22.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 115.30% | 71.66% | +43.64% |
ETCG vs. GXRP - Expense Ratio Comparison
ETCG has a 2.50% expense ratio, which is higher than GXRP's 0.35% expense ratio.
Dividends
ETCG vs. GXRP - Dividend Comparison
Neither ETCG nor GXRP has paid dividends to shareholders.
Frequently Asked Questions
ETCG and GXRP have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GXRP is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GXRP is cheaper with a 0.35% expense ratio, compared with 2.50% for ETCG.
ETCG and GXRP have nearly identical dividend yields, around 0.00%.
ETCG tracks Ethereum Classic (ETC), while GXRP tracks CoinDesk XRP Reference Rate Index. Their fees differ too: 2.50% for ETCG and 0.35% for GXRP.
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