HECO vs. XRPZ

Last updated Jul 14, 2026

HECO (State Street Galaxy Hedged Digital Asset Ecosystem ETF) and XRPZ (Franklin XRP ETF) are both Blockchain funds. HECO is actively managed, while XRPZ is passively managed. A 0.60 correlation means they provide meaningful diversification when combined. HECO charges 0.90%/yr vs 0.19%/yr for XRPZ.

Performance

HECO vs. XRPZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street Galaxy Hedged Digital Asset Ecosystem ETF (HECO) and Franklin XRP ETF (XRPZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HECO achieves a 63.35% return, which is significantly higher than XRPZ's -41.79% return.

HECO

• 1D: -1.17%
• 1M: -2.94%
• 6M: 42.32%
• YTD: 63.35%
• 1Y: 95.01%
• 3Y*: —
• 5Y*: —
• 10Y*: —

XRPZ

• 1D: -3.34%
• 1M: -5.70%
• 6M: -48.35%
• YTD: -41.79%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HECO vs. XRPZ - Yearly Performance Comparison

	2026 (YTD)	2025
HECO State Street Galaxy Hedged Digital Asset Ecosystem ETF	63.35%	3.62%
XRPZ Franklin XRP ETF	-41.79%	-11.90%

Correlation

The correlation between HECO and XRPZ is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 24, 2025	0.60

Return for Risk

HECO vs. XRPZ — Risk / Return Rank

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

HECO

HECO Risk / Return Rank: 87
HECO Sharpe Ratio Rank: 93
HECO Sortino Ratio Rank: 87
HECO Omega Ratio Rank: 83
HECO Calmar Ratio Rank: 91
HECO Martin Ratio Rank: 82

XRPZ

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

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.

HECO vs. XRPZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street Galaxy Hedged Digital Asset Ecosystem ETF (HECO) and Franklin XRP ETF (XRPZ). 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.

	HECO	XRPZ	Difference
Sharpe ratio: Return per unit of total volatility	2.60	—	—
Sortino ratio: Return per unit of downside risk	3.14	—	—
Omega ratio: Gain probability vs. loss probability	1.39	—	—
Calmar ratio: Return relative to maximum drawdown	4.54	—	—
Martin ratio: Return relative to average drawdown	12.86	—	—

Drawdowns

HECO vs. XRPZ - Drawdown Comparison

The maximum HECO drawdown since its inception was -44.59%, smaller than the maximum XRPZ drawdown of -55.39%. Use the drawdown chart below to compare losses from any high point for HECO and XRPZ.

Drawdown Indicators

	HECO	XRPZ	Difference
Max Drawdown Largest peak-to-trough decline	-44.59%	-55.39%	+10.80%
Max Drawdown (1Y) Largest decline over 1 year	-21.03%	—	—
Current Drawdown Current decline from peak	-6.77%	-53.92%	+47.15%
Average Drawdown Average peak-to-trough decline	-11.34%	-33.56%	+22.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.41%	—	—

Volatility

Volatility by Period

	HECO	XRPZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.24%	—	—
Volatility (6M) Calculated over the trailing 6-month period	27.82%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	36.85%	71.63%	-34.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.20%	71.63%	-27.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.20%	71.63%	-27.43%

HECO vs. XRPZ - Expense Ratio Comparison

HECO has a 0.90% expense ratio, which is higher than XRPZ's 0.19% expense ratio.

Dividends

HECO vs. XRPZ - Dividend Comparison

Neither HECO nor XRPZ has paid dividends to shareholders.

Position	TTM	2025	2024
HECO State Street Galaxy Hedged Digital Asset Ecosystem ETF	0.00%	0.00%	2.61%
XRPZ Franklin XRP ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HECO and XRPZ in my portfolio?

HECO and XRPZ have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HECO or XRPZ?

On fees, XRPZ 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, HECO or XRPZ?

XRPZ is cheaper with a 0.19% expense ratio, compared with 0.90% for HECO.

Which ETF pays a higher dividend yield, HECO or XRPZ?

HECO and XRPZ have nearly identical dividend yields, around 0.00%.

What is the main difference between HECO and XRPZ?

They also come from different issuers: State Street and Franklin. Their fees differ too: 0.90% for HECO and 0.19% for XRPZ.