HECO vs. XRPZ
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. Their 0.58 correlation means they have sometimes moved together and sometimes differently. HECO charges 0.90%/yr vs 0.19%/yr for XRPZ.
Performance
HECO vs. XRPZ - Performance Comparison
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Returns By Period
In the year-to-date period, HECO achieves a 61.32% return, which is significantly higher than XRPZ's -42.09% return.
HECO
- 1D
- -1.72%
- 1M
- -2.15%
- 6M
- 43.52%
- YTD
- 61.32%
- 1Y
- 94.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 66.82%
XRPZ
- 1D
- -2.62%
- 1M
- -2.12%
- 6M
- -38.99%
- YTD
- -42.09%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $85.91K | $53.80K | $462.34K | |
XRPZ Franklin XRP ETF | $2.60M | $2.66M | $3.48M |
HECO vs. XRPZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HECO State Street Galaxy Hedged Digital Asset Ecosystem ETF | 61.32% | 3.62% |
XRPZ Franklin XRP ETF | -42.09% | -11.90% |
Correlation
The correlation between HECO and XRPZ is 0.58, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 24, 2025 | 0.58 |
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Return for Risk
HECO vs. XRPZ — Risk / Return Rank
HECO
XRPZ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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 ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.34 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 4.10 | — | — |
| Martin ratioReturn relative to average drawdown | 11.32 | — | — |
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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.
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Drawdown Indicators
| HECO | XRPZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.59% | -55.39% | +10.80% |
Max Drawdown (1Y)Largest decline over 1 year | -21.03% | — | — |
Current DrawdownCurrent decline from peak | -7.93% | -54.16% | +46.23% |
Average DrawdownAverage peak-to-trough decline | -11.20% | -35.12% | +23.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.61% | — | — |
Volatility
HECO vs. XRPZ - Volatility Comparison
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Volatility by Period
| HECO | XRPZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.46% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 31.65% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 40.39% | 69.40% | -29.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.29% | 69.40% | -24.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.29% | 69.40% | -24.11% |
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
HECO and XRPZ have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
XRPZ is cheaper with a 0.19% expense ratio, compared with 0.90% for HECO.
HECO and XRPZ have nearly identical dividend yields, around 0.00%.
They also come from different issuers: State Street and Franklin. Their fees differ too: 0.90% for HECO and 0.19% for XRPZ.
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