LEGR vs. XRPZ

Last updated Jul 14, 2026

LEGR (First Trust Indxx Innovative Transaction & Process ETF) and XRPZ (Franklin XRP ETF) are both Blockchain funds - LEGR tracks the Indxx Blockchain Index while XRPZ tracks the CME CF XRP-Dollar Reference Rate - New York Variant. Both are passively managed. A 0.51 correlation means they provide meaningful diversification when combined. LEGR charges 0.65%/yr vs 0.19%/yr for XRPZ.

Performance

LEGR vs. XRPZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Indxx Innovative Transaction & Process ETF (LEGR) 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, LEGR achieves a 8.94% return, which is significantly higher than XRPZ's -41.79% return.

LEGR

• 1D: -0.74%
• 1M: -2.01%
• 6M: 5.27%
• YTD: 8.94%
• 1Y: 21.79%
• 3Y*: 20.59%
• 5Y*: 11.27%
• 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)

LEGR vs. XRPZ - Yearly Performance Comparison

	2026 (YTD)	2025
LEGR First Trust Indxx Innovative Transaction & Process ETF	8.94%	6.66%
XRPZ Franklin XRP ETF	-41.79%	-11.90%

Correlation

The correlation between LEGR and XRPZ is 0.51, 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	0.51

Return for Risk

LEGR vs. XRPZ — Risk / Return Rank

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

LEGR

LEGR Risk / Return Rank: 54
LEGR Sharpe Ratio Rank: 56
LEGR Sortino Ratio Rank: 54
LEGR Omega Ratio Rank: 53
LEGR Calmar Ratio Rank: 53
LEGR Martin Ratio Rank: 54

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.

LEGR vs. XRPZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Indxx Innovative Transaction & Process ETF (LEGR) 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.

	LEGR	XRPZ	Difference
Sharpe ratio: Return per unit of total volatility	1.51	—	—
Sortino ratio: Return per unit of downside risk	2.09	—	—
Omega ratio: Gain probability vs. loss probability	1.27	—	—
Calmar ratio: Return relative to maximum drawdown	2.11	—	—
Martin ratio: Return relative to average drawdown	7.23	—	—

Drawdowns

LEGR vs. XRPZ - Drawdown Comparison

The maximum LEGR drawdown since its inception was -36.12%, smaller than the maximum XRPZ drawdown of -55.39%. Use the drawdown chart below to compare losses from any high point for LEGR and XRPZ.

Drawdown Indicators

	LEGR	XRPZ	Difference
Max Drawdown Largest peak-to-trough decline	-36.12%	-55.39%	+19.27%
Max Drawdown (1Y) Largest decline over 1 year	-10.40%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-14.25%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-31.45%	—	—
Current Drawdown Current decline from peak	-4.52%	-53.92%	+49.40%
Average Drawdown Average peak-to-trough decline	-6.57%	-33.56%	+26.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.02%	—	—

Volatility

Volatility by Period

	LEGR	XRPZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.62%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.42%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.51%	71.63%	-57.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.09%	71.63%	-54.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.29%	71.63%	-51.34%

LEGR vs. XRPZ - Expense Ratio Comparison

LEGR has a 0.65% expense ratio, which is higher than XRPZ's 0.19% expense ratio.

Dividends

LEGR vs. XRPZ - Dividend Comparison

LEGR's dividend yield for the trailing twelve months is around 1.83%, while XRPZ has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
LEGR First Trust Indxx Innovative Transaction & Process ETF	1.83%	1.84%	2.40%	2.56%	2.64%	1.80%	0.95%	2.04%	1.30%
XRPZ Franklin XRP ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LEGR and XRPZ in my portfolio?

LEGR and XRPZ have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LEGR 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, LEGR or XRPZ?

XRPZ is cheaper with a 0.19% expense ratio, compared with 0.65% for LEGR.

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

LEGR has the higher dividend yield at 1.83%, compared with 0.00% for XRPZ.

What is the main difference between LEGR and XRPZ?

LEGR tracks Indxx Blockchain Index, while XRPZ tracks CME CF XRP-Dollar Reference Rate - New York Variant. They also come from different issuers: First Trust and Franklin. Their fees differ too: 0.65% for LEGR and 0.19% for XRPZ.