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ETHC.DE vs. XRPI
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

ETHC.DE vs. XRPI - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in 21Shares Ethereum Core Staking ETP (ETHC.DE) and Volatility Shares XRP ETF (XRPI). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

ETHC.DE is traded in EUR, while XRPI is traded in USD. To make them comparable, the XRPI values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, ETHC.DE achieves a -39.39% return, which is significantly lower than XRPI's -36.92% return.


ETHC.DE

1D
-3.70%
1M
-24.79%
YTD
-39.39%
6M
-43.92%
1Y
-33.47%
3Y*
-3.71%
5Y*
10Y*

XRPI

1D
-2.47%
1M
-16.80%
YTD
-36.92%
6M
-46.14%
1Y
-54.51%
3Y*
5Y*
10Y*
*Multi-year figures are annualized to reflect compound growth (CAGR)

ETHC.DE vs. XRPI - Yearly Performance Comparison


2026 (YTD)2025
ETHC.DE
21Shares Ethereum Core Staking ETP
-39.39%7.49%
XRPI
Volatility Shares XRP ETF
-36.92%-35.11%

Correlation

The correlation between ETHC.DE and XRPI is 0.69, 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

0.69

Correlation (All Time)
Calculated using the full available price history since May 23, 2025

0.69

The correlation between ETHC.DE and XRPI has been stable across timeframes, ranging from 0.69 to 0.69 - a consistent structural relationship.

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Return for Risk

ETHC.DE vs. XRPI — Risk / Return Rank

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

ETHC.DE
ETHC.DE Risk / Return Rank: 55
Overall Rank
ETHC.DE Sharpe Ratio Rank: 44
Sharpe Ratio Rank
ETHC.DE Sortino Ratio Rank: 55
Sortino Ratio Rank
ETHC.DE Omega Ratio Rank: 55
Omega Ratio Rank
ETHC.DE Calmar Ratio Rank: 44
Calmar Ratio Rank
ETHC.DE Martin Ratio Rank: 55
Martin Ratio Rank

XRPI
XRPI Risk / Return Rank: 33
Overall Rank
XRPI Sharpe Ratio Rank: 33
Sharpe Ratio Rank
XRPI Sortino Ratio Rank: 33
Sortino Ratio Rank
XRPI Omega Ratio Rank: 33
Omega Ratio Rank
XRPI Calmar Ratio Rank: 33
Calmar Ratio Rank
XRPI Martin Ratio Rank: 33
Martin Ratio Rank
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.

ETHC.DE vs. XRPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 21Shares Ethereum Core Staking ETP (ETHC.DE) and Volatility Shares XRP ETF (XRPI). 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.


ETHC.DEXRPIDifference
Sharpe ratioReturn per unit of total volatility

+0.17

Sortino ratioReturn per unit of downside risk

+0.47

Omega ratioGain probability vs. loss probability

0.94

0.89

+0.05

Calmar ratioReturn relative to maximum drawdown

-0.54

-0.77

+0.23

Martin ratioReturn relative to average drawdown

-0.92

-1.18

+0.26

ETHC.DE vs. XRPI - Sharpe Ratio Comparison

The current ETHC.DE Sharpe Ratio is -0.56, which is comparable to the XRPI Sharpe Ratio of -0.73. The chart below compares the historical Sharpe Ratios of ETHC.DE and XRPI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.


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Sharpe Ratios by Period


ETHC.DEXRPIDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.56

-0.73

+0.17

Sharpe Ratio (All Time)

Calculated using the full available price history

0.06

-0.78

+0.84

Drawdowns

ETHC.DE vs. XRPI - Drawdown Comparison

The maximum ETHC.DE drawdown since its inception was -64.71%, smaller than the maximum XRPI drawdown of -70.66%. Use the drawdown chart below to compare losses from any high point for ETHC.DE and XRPI.


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Drawdown Indicators


ETHC.DEXRPIDifference

Max Drawdown

Largest peak-to-trough decline

-64.71%

-70.66%

+5.95%

Max Drawdown (1Y)

Largest decline over 1 year

-61.46%

-70.66%

+9.20%

Max Drawdown (3Y)

Largest decline over 3 years

-64.71%

Current Drawdown

Current decline from peak

-61.46%

-70.66%

+9.20%

Average Drawdown

Average peak-to-trough decline

-23.30%

-39.99%

+16.69%

Ulcer Index

Depth and duration of drawdowns from previous peaks

36.26%

46.24%

-9.98%

Volatility

ETHC.DE vs. XRPI - Volatility Comparison

The current volatility for 21Shares Ethereum Core Staking ETP (ETHC.DE) is 10.10%, while Volatility Shares XRP ETF (XRPI) has a volatility of 13.56%. This indicates that ETHC.DE experiences smaller price fluctuations and is considered to be less risky than XRPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


ETHC.DEXRPIDifference

Volatility (1M)

Calculated over the trailing 1-month period

10.10%

13.56%

-3.46%

Volatility (6M)

Calculated over the trailing 6-month period

42.36%

50.70%

-8.34%

Volatility (1Y)

Calculated over the trailing 1-year period

59.70%

75.21%

-15.51%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

60.52%

74.72%

-14.20%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

60.52%

74.72%

-14.20%

ETHC.DE vs. XRPI - Expense Ratio Comparison

ETHC.DE has a 0.10% expense ratio, which is lower than XRPI's 0.94% expense ratio.


Dividends

ETHC.DE vs. XRPI - Dividend Comparison

ETHC.DE has not paid dividends to shareholders, while XRPI's dividend yield for the trailing twelve months is around 3.80%.


PositionTTM2025
ETHC.DE
21Shares Ethereum Core Staking ETP
0.00%0.00%
XRPI
Volatility Shares XRP ETF
3.80%1.54%

Frequently Asked Questions


ETHC.DE and XRPI have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, ETHC.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

ETHC.DE is cheaper with a 0.10% expense ratio, compared with 0.94% for XRPI.

They also come from different issuers: 21Shares and Volatility Shares. Their fees differ too: 0.10% for ETHC.DE and 0.94% for XRPI.

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