GXRP vs. EZPZ

Last updated Jul 11, 2026

GXRP (Grayscale XRP Trust ETF) and EZPZ (Franklin Crypto Index ETF) are both Cryptocurrency funds - GXRP tracks the CoinDesk XRP Reference Rate Index while EZPZ tracks the CF Institutional Digital Asset Index – US-Settlement Price. Both are passively managed. Their correlation of 0.91 suggests significant overlap in exposure. GXRP charges 0.35%/yr vs 0.19%/yr for EZPZ.

Performance

GXRP vs. EZPZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Grayscale XRP Trust ETF (GXRP) and Franklin Crypto Index ETF (EZPZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GXRP achieves a -39.61% return, which is significantly lower than EZPZ's -29.86% return.

GXRP

• 1D: 0.81%
• 1M: -2.41%
• 6M: -47.00%
• YTD: -39.61%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

EZPZ

• 1D: 1.27%
• 1M: 1.41%
• 6M: -32.93%
• YTD: -29.86%
• 1Y: -46.86%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GXRP vs. EZPZ - Yearly Performance Comparison

	2026 (YTD)	2025
GXRP Grayscale XRP Trust ETF	-39.61%	-11.43%
EZPZ Franklin Crypto Index ETF	-29.86%	2.79%

Correlation

The correlation between GXRP and EZPZ is 0.91, 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 24, 2025	0.91

Return for Risk

GXRP vs. EZPZ — Risk / Return Rank

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

GXRP

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

EZPZ

EZPZ Risk / Return Rank: 2
EZPZ Sharpe Ratio Rank: 2
EZPZ Sortino Ratio Rank: 2
EZPZ Omega Ratio Rank: 2
EZPZ Calmar Ratio Rank: 3
EZPZ 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.

GXRP vs. EZPZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Grayscale XRP Trust ETF (GXRP) and Franklin Crypto Index ETF (EZPZ). 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.

	GXRP	EZPZ	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.93	—
Sortino ratio: Return per unit of downside risk	—	-1.34	—
Omega ratio: Gain probability vs. loss probability	—	0.85	—
Calmar ratio: Return relative to maximum drawdown	—	-0.79	—
Martin ratio: Return relative to average drawdown	—	-1.28	—

Drawdowns

GXRP vs. EZPZ - Drawdown Comparison

The maximum GXRP drawdown since its inception was -55.43%, roughly equal to the maximum EZPZ drawdown of -56.63%. Use the drawdown chart below to compare losses from any high point for GXRP and EZPZ.

Drawdown Indicators

	GXRP	EZPZ	Difference
Max Drawdown Largest peak-to-trough decline	-55.43%	-56.63%	+1.20%
Max Drawdown (1Y) Largest decline over 1 year	—	-56.63%	—
Current Drawdown Current decline from peak	-52.29%	-52.70%	+0.41%
Average Drawdown Average peak-to-trough decline	-33.41%	-23.97%	-9.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	34.85%	—

Volatility

Volatility by Period

	GXRP	EZPZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	12.04%	—
Volatility (6M) Calculated over the trailing 6-month period	—	37.04%	—
Volatility (1Y) Calculated over the trailing 1-year period	71.76%	47.87%	+23.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	71.76%	47.56%	+24.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	71.76%	47.56%	+24.20%

GXRP vs. EZPZ - Expense Ratio Comparison

GXRP has a 0.35% expense ratio, which is higher than EZPZ's 0.19% expense ratio.

Dividends

GXRP vs. EZPZ - Dividend Comparison

Neither GXRP nor EZPZ has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both GXRP and EZPZ in my portfolio?

With a correlation of 0.91, GXRP and EZPZ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, GXRP or EZPZ?

On fees, EZPZ is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GXRP or EZPZ?

EZPZ is cheaper with a 0.19% expense ratio, compared with 0.35% for GXRP.

Which ETF pays a higher dividend yield, GXRP or EZPZ?

GXRP and EZPZ have nearly identical dividend yields, around 0.00%.

What is the main difference between GXRP and EZPZ?

GXRP tracks CoinDesk XRP Reference Rate Index, while EZPZ tracks CF Institutional Digital Asset Index – US-Settlement Price. They also come from different issuers: Grayscale and Franklin Templeton. Their fees differ too: 0.35% for GXRP and 0.19% for EZPZ.