GXRP vs. ETCO
GXRP (Grayscale XRP Trust ETF) and ETCO (Grayscale Ethereum Covered Call ETF) are both Cryptocurrency funds from Grayscale. GXRP is passively managed, while ETCO is actively managed. Their correlation of 0.84 suggests significant overlap in exposure. GXRP charges 0.35%/yr vs 0.66%/yr for ETCO.
Performance
GXRP vs. ETCO - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with GXRP having a -35.87% return and ETCO slightly higher at -34.48%.
GXRP
- 1D
- -2.33%
- 1M
- -17.12%
- YTD
- -35.87%
- 6M
- -44.38%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETCO
- 1D
- -1.66%
- 1M
- -22.34%
- YTD
- -34.48%
- 6M
- -36.17%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GXRP vs. ETCO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GXRP Grayscale XRP Trust ETF | -35.87% | -18.76% |
ETCO Grayscale Ethereum Covered Call ETF | -34.48% | 4.84% |
Correlation
The correlation between GXRP and ETCO 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 Nov 25, 2025 | 0.84 |
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Return for Risk
GXRP vs. ETCO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale XRP Trust ETF (GXRP) and Grayscale Ethereum Covered Call ETF (ETCO). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| GXRP | ETCO | Difference | |
|---|---|---|---|
Sharpe Ratio (All Time)Calculated using the full available price history | -1.00 | -1.17 | +0.17 |
Drawdowns
GXRP vs. ETCO - Drawdown Comparison
The maximum GXRP drawdown since its inception was -49.34%, smaller than the maximum ETCO drawdown of -56.81%. Use the drawdown chart below to compare losses from any high point for GXRP and ETCO.
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Drawdown Indicators
| GXRP | ETCO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.34% | -56.81% | +7.47% |
Current DrawdownCurrent decline from peak | -49.34% | -55.08% | +5.74% |
Average DrawdownAverage peak-to-trough decline | -30.29% | -34.54% | +4.25% |
Volatility
GXRP vs. ETCO - Volatility Comparison
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Volatility by Period
| GXRP | ETCO | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 71.66% | 52.38% | +19.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.66% | 52.38% | +19.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.66% | 52.38% | +19.28% |
GXRP vs. ETCO - Expense Ratio Comparison
GXRP has a 0.35% expense ratio, which is lower than ETCO's 0.66% expense ratio.
Dividends
GXRP vs. ETCO - Dividend Comparison
GXRP has not paid dividends to shareholders, while ETCO's dividend yield for the trailing twelve months is around 129.56%.
| Position | TTM | 2025 |
|---|---|---|
ETCO Grayscale Ethereum Covered Call ETF | 129.56% | 42.29% |
GXRP Grayscale XRP Trust ETF | 0.00% | 0.00% |
Frequently Asked Questions
GXRP and ETCO 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.
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 0.66% for ETCO.
ETCO has the higher dividend yield at 129.56%, compared with 0.00% for GXRP.
Their fees differ too: 0.35% for GXRP and 0.66% for ETCO.
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