THYP vs. TXXH
THYP (21Shares Hyperliquid ETF) and TXXH (21Shares 2x Long HYPE ETF) are both exchange-traded funds - THYP is a Cryptocurrency fund tracking the HYPE, while TXXH is a Leveraged Cryptocurrency fund actively managed by 21Shares. THYP is passively managed, while TXXH is actively managed. Their 1.00 correlation means they have historically moved very closely together. THYP charges 0.30%/yr vs 1.89%/yr for TXXH.
Performance
THYP vs. TXXH - Performance Comparison
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Returns By Period
THYP
- 1D
- -3.93%
- 1M
- -20.44%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
TXXH
- 1D
- -7.73%
- 1M
- -41.19%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.69M | $2.58M | $9.19M | |
| $353.98K | $416.96K | $1.01M |
THYP vs. TXXH - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
THYP 21Shares Hyperliquid ETF | 23.28% |
TXXH 21Shares 2x Long HYPE ETF | 14.40% |
Correlation
The correlation between THYP and TXXH is 1.00 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since May 12, 2026 | 1.00 |
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Return for Risk
THYP vs. TXXH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 21Shares Hyperliquid ETF (THYP) and 21Shares 2x Long HYPE ETF (TXXH). 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.
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Drawdowns
THYP vs. TXXH - Drawdown Comparison
The maximum THYP drawdown since its inception was -27.87%, smaller than the maximum TXXH drawdown of -58.35%. Use the drawdown chart below to compare losses from any high point for THYP and TXXH.
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Drawdown Indicators
| THYP | TXXH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.87% | -58.35% | +30.48% |
Current DrawdownCurrent decline from peak | -27.87% | -58.35% | +30.48% |
Average DrawdownAverage peak-to-trough decline | -10.46% | -23.56% | +13.10% |
Volatility
THYP vs. TXXH - Volatility Comparison
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Volatility by Period
| THYP | TXXH | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 95.18% | 175.19% | -80.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 95.18% | 175.19% | -80.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 95.18% | 175.19% | -80.01% |
THYP vs. TXXH - Expense Ratio Comparison
THYP has a 0.30% expense ratio, which is lower than TXXH's 1.89% expense ratio.
Dividends
THYP vs. TXXH - Dividend Comparison
THYP's dividend yield for the trailing twelve months is around 0.12%, while TXXH has not paid dividends to shareholders.
| Position | TTM |
|---|---|
THYP 21Shares Hyperliquid ETF | 0.12% |
TXXH 21Shares 2x Long HYPE ETF | 0.00% |
Frequently Asked Questions
With a correlation of 1.00, THYP and TXXH 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.
On fees, THYP is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
THYP is cheaper with a 0.30% expense ratio, compared with 1.89% for TXXH.
THYP has the higher dividend yield at 0.12%, compared with 0.00% for TXXH.
THYP is categorized as Cryptocurrency, while TXXH is Leveraged Cryptocurrency. Their fees differ too: 0.30% for THYP and 1.89% for TXXH.
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