TMSL vs. XRP-USD
TMSL (T. Rowe Price Small-Mid Cap ETF) is Mid Cap Blend Equities fund actively managed by T. Rowe Price, while XRP-USD (XRP) is a cryptocurrency. Over the past year, TMSL returned 31.78% vs -47.35% for XRP-USD. At a 0.29 correlation, their price movements are largely independent.
Performance
TMSL vs. XRP-USD - Performance Comparison
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Returns By Period
In the year-to-date period, TMSL achieves a 16.74% return, which is significantly higher than XRP-USD's -36.95% return.
TMSL
- 1D
- 0.22%
- 1M
- 2.70%
- YTD
- 16.74%
- 6M
- 16.19%
- 1Y
- 31.78%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XRP-USD
- 1D
- -3.33%
- 1M
- -17.93%
- YTD
- -36.95%
- 6M
- -44.69%
- 1Y
- -47.35%
- 3Y*
- 31.46%
- 5Y*
- 4.66%
- 10Y*
- —
TMSL vs. XRP-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TMSL T. Rowe Price Small-Mid Cap ETF | 16.74% | 11.95% | 15.81% | 11.22% |
XRP-USD XRP | -36.95% | -11.56% | 237.88% | 28.18% |
Correlation
The correlation between TMSL and XRP-USD is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Jun 16, 2023 | 0.29 |
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Return for Risk
TMSL vs. XRP-USD — Risk / Return Rank
TMSL
XRP-USD
TMSL vs. XRP-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Small-Mid Cap ETF (TMSL) and XRP (XRP-USD). 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.
| TMSL | XRP-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.55 | ||
| Sortino ratioReturn per unit of downside risk | +3.55 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 0.91 | +0.42 |
| Calmar ratioReturn relative to maximum drawdown | 2.85 | -0.70 | +3.56 |
| Martin ratioReturn relative to average drawdown | 11.70 | -1.11 | +12.81 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TMSL | XRP-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.85 | -0.70 | +2.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.05 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.05 | 0.54 | +0.51 |
Drawdowns
TMSL vs. XRP-USD - Drawdown Comparison
The maximum TMSL drawdown since its inception was -24.39%, smaller than the maximum XRP-USD drawdown of -95.87%. Use the drawdown chart below to compare losses from any high point for TMSL and XRP-USD.
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Drawdown Indicators
| TMSL | XRP-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.39% | -95.87% | +71.48% |
Max Drawdown (1Y)Largest decline over 1 year | -11.19% | -67.36% | +56.17% |
Max Drawdown (3Y)Largest decline over 3 years | — | -67.36% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -77.83% | — |
Current DrawdownCurrent decline from peak | -0.29% | -67.36% | +67.07% |
Average DrawdownAverage peak-to-trough decline | -3.93% | -71.01% | +67.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.72% | 43.26% | -40.54% |
Volatility
TMSL vs. XRP-USD - Volatility Comparison
The current volatility for T. Rowe Price Small-Mid Cap ETF (TMSL) is 5.27%, while XRP (XRP-USD) has a volatility of 12.23%. This indicates that TMSL experiences smaller price fluctuations and is considered to be less risky than XRP-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TMSL | XRP-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.27% | 12.23% | -6.96% |
Volatility (6M)Calculated over the trailing 6-month period | 13.66% | 45.40% | -31.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.25% | 56.01% | -38.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.38% | 72.44% | -54.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.38% | 111.85% | -93.47% |
Frequently Asked Questions
TMSL and XRP-USD have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XRP-USD has higher volatility (12.23%) compared to TMSL (5.27%). In terms of maximum drawdown, TMSL dropped -24.39% vs XRP-USD's -95.87%.
TMSL currently has the higher Sharpe Ratio (1.85 vs -0.70), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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