ETU vs. UXRP

Last updated Jul 17, 2026

ETU (T-Rex 2X Long Ether Daily Target ETF) and UXRP (ProShares Ultra XRP ETF) are both Leveraged Cryptocurrency funds. ETU is actively managed, while UXRP is passively managed. Over the past year, ETU returned -83.52% vs -95.01% for UXRP. Their correlation of 0.85 suggests significant overlap in exposure. ETU charges 0.95%/yr vs 1.67%/yr for UXRP.

Performance

ETU vs. UXRP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T-Rex 2X Long Ether Daily Target ETF (ETU) and ProShares Ultra XRP ETF (UXRP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ETU achieves a -70.86% return, which is significantly higher than UXRP's -76.11% return.

ETU

• 1D: -5.08%
• 1M: 6.19%
• 6M: -76.03%
• YTD: -70.86%
• 1Y: -83.52%
• 3Y*: —
• 5Y*: —
• 10Y*: —

UXRP

• 1D: -2.08%
• 1M: -21.61%
• 6M: -80.47%
• YTD: -76.11%
• 1Y: -95.01%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ETU vs. UXRP - Yearly Performance Comparison

	2026 (YTD)	2025
ETU T-Rex 2X Long Ether Daily Target ETF	-70.86%	-28.88%
UXRP ProShares Ultra XRP ETF	-76.11%	-77.43%

Correlation

The correlation between ETU and UXRP is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.85
Correlation (All Time) Calculated using the full available price history since Jul 15, 2025	0.85

The correlation between ETU and UXRP has been stable across timeframes, ranging from 0.85 to 0.85 - a consistent structural relationship.

Return for Risk

ETU vs. UXRP — Risk / Return Rank

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

ETU

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

UXRP

UXRP Risk / Return Rank: 2
UXRP Sharpe Ratio Rank: 4
UXRP Sortino Ratio Rank: 1
UXRP Omega Ratio Rank: 1
UXRP Calmar Ratio Rank: 0
UXRP Martin Ratio Rank: 3

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.

ETU vs. UXRP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T-Rex 2X Long Ether Daily Target ETF (ETU) and ProShares Ultra XRP ETF (UXRP). 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.

	ETU	UXRP	Difference
Sharpe ratio: Return per unit of total volatility	-0.62	-0.65	+0.03
Sortino ratio: Return per unit of downside risk	-0.92	-1.90	+0.98
Omega ratio: Gain probability vs. loss probability	0.90	0.79	+0.10
Calmar ratio: Return relative to maximum drawdown	-0.89	-0.98	+0.09
Martin ratio: Return relative to average drawdown	-1.20	-1.21	+0.01

ETU vs. UXRP - Sharpe Ratio Comparison

The current ETU Sharpe Ratio is -0.62, which is comparable to the UXRP Sharpe Ratio of -0.65. The chart below compares the historical Sharpe Ratios of ETU and UXRP, 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

ETU vs. UXRP - Drawdown Comparison

The maximum ETU drawdown since its inception was -95.01%, roughly equal to the maximum UXRP drawdown of -96.60%. Use the drawdown chart below to compare losses from any high point for ETU and UXRP.

Drawdown Indicators

	ETU	UXRP	Difference
Max Drawdown Largest peak-to-trough decline	-95.01%	-96.60%	+1.59%
Max Drawdown (1Y) Largest decline over 1 year	-93.91%	-96.60%	+2.69%
Current Drawdown Current decline from peak	-92.91%	-96.21%	+3.30%
Average Drawdown Average peak-to-trough decline	-64.37%	-74.04%	+9.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	69.30%	78.15%	-8.85%

Volatility

ETU vs. UXRP - Volatility Comparison

T-Rex 2X Long Ether Daily Target ETF (ETU) has a higher volatility of 28.79% compared to ProShares Ultra XRP ETF (UXRP) at 27.05%. This indicates that ETU's price experiences larger fluctuations and is considered to be riskier than UXRP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ETU	UXRP	Difference
Volatility (1M) Calculated over the trailing 1-month period	28.79%	27.05%	+1.74%
Volatility (6M) Calculated over the trailing 6-month period	95.84%	103.11%	-7.27%
Volatility (1Y) Calculated over the trailing 1-year period	136.61%	146.10%	-9.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	144.86%	145.88%	-1.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	144.86%	145.88%	-1.02%

ETU vs. UXRP - Expense Ratio Comparison

ETU has a 0.95% expense ratio, which is lower than UXRP's 1.67% expense ratio.

Dividends

ETU vs. UXRP - Dividend Comparison

ETU's dividend yield for the trailing twelve months is around 0.01%, less than UXRP's 0.02% yield.

Position	TTM	2025	2024
ETU T-Rex 2X Long Ether Daily Target ETF	0.01%	0.00%	0.05%
UXRP ProShares Ultra XRP ETF	0.02%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ETU and UXRP in my portfolio?

ETU and UXRP have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ETU or UXRP?

ETU has higher volatility (28.79%) compared to UXRP (27.05%). In terms of maximum drawdown, ETU dropped -95.01% vs UXRP's -96.60%.

Which ETF is better, ETU or UXRP?

On 1-year performance, ETU leads with -83.52% vs -95.01% for UXRP. On fees, ETU is cheaper at 0.95% per year. On volatility, UXRP has been the lower-risk option at 27.05%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ETU or UXRP?

Over the 1-year period, ETU has performed better with a -83.52% return vs -95.01%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ETU or UXRP?

ETU is cheaper with a 0.95% expense ratio, compared with 1.67% for UXRP.

Which ETF pays a higher dividend yield, ETU or UXRP?

UXRP has the higher dividend yield at 0.02%, compared with 0.01% for ETU.

What is the main difference between ETU and UXRP?

They also come from different issuers: REX Shares and ProShares. Their fees differ too: 0.95% for ETU and 1.67% for UXRP.

Which has better risk-adjusted returns?

ETU currently has the higher Sharpe Ratio (-0.62 vs -0.65), 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.