ETHH.TO vs. XRPP.TO

Last updated Jun 4, 2026

ETHH.TO (Purpose Ether ETF) and XRPP.TO (Purpose XRP ETF CAD Currency Hedged Units) are both Cryptocurrency funds from Purpose Investments. Both are actively managed. Their correlation of 0.84 suggests significant overlap in exposure. Both charge a 1.00% expense ratio.

Performance

ETHH.TO vs. XRPP.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Purpose Ether ETF (ETHH.TO) and Purpose XRP ETF CAD Currency Hedged Units (XRPP.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ETHH.TO achieves a -40.68% return, which is significantly lower than XRPP.TO's -34.43% return.

ETHH.TO

• 1D: -6.35%
• 1M: -23.78%
• YTD: -40.68%
• 6M: -43.85%
• 1Y: -34.23%
• 3Y*: -5.23%
• 5Y*: -11.23%
• 10Y*: —

XRPP.TO

• 1D: -0.55%
• 1M: -12.92%
• YTD: -34.43%
• 6M: -45.39%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ETHH.TO vs. XRPP.TO - Yearly Performance Comparison

	2026 (YTD)	2025
ETHH.TO Purpose Ether ETF	-40.68%	16.82%
XRPP.TO Purpose XRP ETF CAD Currency Hedged Units	-34.43%	-15.95%

Correlation

The correlation between ETHH.TO and XRPP.TO is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 19, 2025	0.84

Return for Risk

ETHH.TO vs. XRPP.TO — Risk / Return Rank

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

ETHH.TO

ETHH.TO Risk / Return Rank: 5
ETHH.TO Sharpe Ratio Rank: 5
ETHH.TO Sortino Ratio Rank: 5
ETHH.TO Omega Ratio Rank: 5
ETHH.TO Calmar Ratio Rank: 4
ETHH.TO Martin Ratio Rank: 5

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.

ETHH.TO vs. XRPP.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Purpose Ether ETF (ETHH.TO) and Purpose XRP ETF CAD Currency Hedged Units (XRPP.TO). 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.

	ETHH.TO	XRPP.TO	Difference
Sharpe ratio: Return per unit of total volatility	-0.51	—	—
Sortino ratio: Return per unit of downside risk	-0.41	—	—
Omega ratio: Gain probability vs. loss probability	0.95	—	—
Calmar ratio: Return relative to maximum drawdown	-0.54	—	—
Martin ratio: Return relative to average drawdown	-0.89	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	ETHH.TO	XRPP.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.51	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.16	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.12	-0.62	+0.51

Drawdowns

ETHH.TO vs. XRPP.TO - Drawdown Comparison

The maximum ETHH.TO drawdown since its inception was -79.46%, which is greater than XRPP.TO's maximum drawdown of -66.98%. Use the drawdown chart below to compare losses from any high point for ETHH.TO and XRPP.TO.

Drawdown Indicators

	ETHH.TO	XRPP.TO	Difference
Max Drawdown Largest peak-to-trough decline	-79.46%	-66.98%	-12.48%
Max Drawdown (1Y) Largest decline over 1 year	-63.98%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-65.04%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-79.46%	—	—
Current Drawdown Current decline from peak	-68.37%	-66.67%	-1.70%
Average Drawdown Average peak-to-trough decline	-49.06%	-38.53%	-10.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	38.46%	—	—

Volatility

Volatility by Period

	ETHH.TO	XRPP.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.33%	—	—
Volatility (6M) Calculated over the trailing 6-month period	45.72%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	67.41%	74.60%	-7.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	70.71%	74.60%	-3.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	73.03%	74.60%	-1.57%

ETHH.TO vs. XRPP.TO - Expense Ratio Comparison

Both ETHH.TO and XRPP.TO have an expense ratio of 1.00%.

Dividends

ETHH.TO vs. XRPP.TO - Dividend Comparison

Neither ETHH.TO nor XRPP.TO has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ETHH.TO and XRPP.TO in my portfolio?

ETHH.TO and XRPP.TO have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ETHH.TO or XRPP.TO?

Both ETFs have the same 1.00% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ETHH.TO or XRPP.TO?

ETHH.TO and XRPP.TO have the same expense ratio: 1.00% per year.