ETHD vs. XRP
ETHD (ProShares UltraShort Ether ETF) and XRP (Bitwise XRP ETF) are both Cryptocurrency funds. Both are actively managed. At a correlation of -0.87, they often move in opposite directions. ETHD charges 1.01%/yr vs 0.34%/yr for XRP.
Performance
ETHD vs. XRP - Performance Comparison
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Returns By Period
In the year-to-date period, ETHD achieves a 63.80% return, which is significantly higher than XRP's -34.50% return.
ETHD
- 1D
- 11.25%
- 1M
- 66.19%
- YTD
- 63.80%
- 6M
- 72.54%
- 1Y
- -42.18%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XRP
- 1D
- -1.54%
- 1M
- -14.12%
- YTD
- -34.50%
- 6M
- -45.52%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETHD vs. XRP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ETHD ProShares UltraShort Ether ETF | 63.80% | -21.20% |
XRP Bitwise XRP ETF | -34.50% | -8.64% |
Correlation
The correlation between ETHD and XRP is -0.87, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 21, 2025 | -0.87 |
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Return for Risk
ETHD vs. XRP — Risk / Return Rank
ETHD
XRP
ETHD vs. XRP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Ether ETF (ETHD) and Bitwise XRP ETF (XRP). 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.
| ETHD | XRP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.05 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.51 | — | — |
| Martin ratioReturn relative to average drawdown | -0.64 | — | — |
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
| ETHD | XRP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.31 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.35 | -0.83 | +0.49 |
Drawdowns
ETHD vs. XRP - Drawdown Comparison
The maximum ETHD drawdown since its inception was -95.59%, which is greater than XRP's maximum drawdown of -48.71%. Use the drawdown chart below to compare losses from any high point for ETHD and XRP.
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Drawdown Indicators
| ETHD | XRP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.59% | -48.71% | -46.88% |
Max Drawdown (1Y)Largest decline over 1 year | -83.63% | — | — |
Current DrawdownCurrent decline from peak | -87.20% | -48.21% | -38.99% |
Average DrawdownAverage peak-to-trough decline | -66.01% | -29.70% | -36.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 66.00% | — | — |
Volatility
ETHD vs. XRP - Volatility Comparison
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Volatility by Period
| ETHD | XRP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.00% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 92.37% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 136.23% | 75.13% | +61.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 142.19% | 75.13% | +67.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 142.19% | 75.13% | +67.06% |
ETHD vs. XRP - Expense Ratio Comparison
ETHD has a 1.01% expense ratio, which is higher than XRP's 0.34% expense ratio.
Dividends
ETHD vs. XRP - Dividend Comparison
ETHD's dividend yield for the trailing twelve months is around 10.68%, while XRP has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
ETHD ProShares UltraShort Ether ETF | 10.68% | 156.62% | 19.15% |
XRP Bitwise XRP ETF | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ETHD and XRP have a correlation of -0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XRP is cheaper at 0.34% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XRP is cheaper with a 0.34% expense ratio, compared with 1.01% for ETHD.
ETHD has the higher dividend yield at 10.68%, compared with 0.00% for XRP.
They also come from different issuers: ProShares and Bitwise. Their fees differ too: 1.01% for ETHD and 0.34% for XRP.
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