MULT vs. XRPZ

Last updated Jul 12, 2026

MULT (Franklin Multisector Income ETF) and XRPZ (Franklin XRP ETF) are both exchange-traded funds - MULT is a Multisector Bonds fund actively managed by Franklin, while XRPZ is a Blockchain fund tracking the CME CF XRP-Dollar Reference Rate - New York Variant. MULT is actively managed, while XRPZ is passively managed. At a 0.28 correlation, their price movements are largely independent. MULT charges 0.39%/yr vs 0.19%/yr for XRPZ.

Performance

MULT vs. XRPZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Multisector Income ETF (MULT) 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, MULT achieves a 1.14% return, which is significantly higher than XRPZ's -39.78% return.

MULT

• 1D: -0.04%
• 1M: 0.15%
• 6M: 0.87%
• YTD: 1.14%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

XRPZ

• 1D: 0.67%
• 1M: -2.44%
• 6M: -47.16%
• YTD: -39.78%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MULT vs. XRPZ - Yearly Performance Comparison

	2026 (YTD)	2025
MULT Franklin Multisector Income ETF	1.14%	1.17%
XRPZ Franklin XRP ETF	-39.78%	-11.90%

Correlation

The correlation between MULT and XRPZ is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 24, 2025	0.28

Return for Risk

MULT vs. XRPZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Multisector Income ETF (MULT) 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.

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

Drawdowns

MULT vs. XRPZ - Drawdown Comparison

The maximum MULT drawdown since its inception was -1.70%, smaller than the maximum XRPZ drawdown of -55.39%. Use the drawdown chart below to compare losses from any high point for MULT and XRPZ.

Drawdown Indicators

	MULT	XRPZ	Difference
Max Drawdown Largest peak-to-trough decline	-1.70%	-55.39%	+53.69%
Current Drawdown Current decline from peak	-0.25%	-52.33%	+52.08%
Average Drawdown Average peak-to-trough decline	-0.31%	-33.43%	+33.12%

Volatility

Volatility by Period

	MULT	XRPZ	Difference
Volatility (1Y) Calculated over the trailing 1-year period	2.92%	71.76%	-68.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.92%	71.76%	-68.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.92%	71.76%	-68.84%

MULT vs. XRPZ - Expense Ratio Comparison

MULT has a 0.39% expense ratio, which is higher than XRPZ's 0.19% expense ratio.

Dividends

MULT vs. XRPZ - Dividend Comparison

MULT's dividend yield for the trailing twelve months is around 3.80%, while XRPZ has not paid dividends to shareholders.

Position	TTM	2025
MULT Franklin Multisector Income ETF	3.80%	1.56%
XRPZ Franklin XRP ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both MULT and XRPZ in my portfolio?

MULT and XRPZ have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MULT 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, MULT or XRPZ?

XRPZ is cheaper with a 0.19% expense ratio, compared with 0.39% for MULT.

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

MULT has the higher dividend yield at 3.80%, compared with 0.00% for XRPZ.

What is the main difference between MULT and XRPZ?

MULT is categorized as Multisector Bonds, while XRPZ is Blockchain. Their fees differ too: 0.39% for MULT and 0.19% for XRPZ.