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 3 years, TMSL returned 17.77%/yr vs 17.67%/yr for XRP-USD. Their 0.28 correlation means their historical movements had little consistent relationship.
Performance
TMSL vs. XRP-USD - Performance Comparison
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Returns By Period
In the year-to-date period, TMSL achieves a 19.11% return, which is significantly higher than XRP-USD's -41.30% return.
TMSL
- 1D
- -0.33%
- 1M
- -1.41%
- 6M
- 13.24%
- YTD
- 19.11%
- 1Y
- 31.13%
- 3Y*
- 17.77%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 19.08%
XRP-USD
- 1D
- 1.87%
- 1M
- -4.80%
- 6M
- -32.08%
- YTD
- -41.30%
- 1Y
- -61.01%
- 3Y*
- 17.67%
- 5Y*
- 8.66%
- 10Y*
- —
- ALL TIME*
- 71.95%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $17.24M | $15.88M | $18.32M | |
XRP-USD XRP | $1.22B | $1.28B | $2.14B |
TMSL vs. XRP-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TMSL T. Rowe Price Small-Mid Cap ETF | 19.11% | 11.95% | 15.81% | 11.79% |
XRP-USD XRP | -41.30% | -11.56% | 237.88% | 28.15% |
Correlation
The correlation between TMSL and XRP-USD is 0.32, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.32 |
Correlation (3Y) Balances recent behavior with more history. | 0.28 |
Correlation (All Time) Calculated using the full available price history since Jun 15, 2023 | 0.28 |
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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.
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.
| TMSL | XRP-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.55 | ||
| Sortino ratioReturn per unit of downside risk | +3.96 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 0.84 | +0.45 |
| Calmar ratioReturn relative to maximum drawdown | 2.63 | -0.89 | +3.52 |
| Martin ratioReturn relative to average drawdown | 10.51 | -1.27 | +11.78 |
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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% | -68.73% | +57.54% |
Max Drawdown (3Y)Largest decline over 3 years | -24.39% | -70.77% | +46.38% |
Max Drawdown (5Y)Largest decline over 5 years | — | -77.83% | — |
Current DrawdownCurrent decline from peak | -2.49% | -69.61% | +67.12% |
Average DrawdownAverage peak-to-trough decline | -3.82% | -70.96% | +67.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.80% | 39.01% | -36.21% |
Volatility
TMSL vs. XRP-USD - Volatility Comparison
The current volatility for T. Rowe Price Small-Mid Cap ETF (TMSL) is 4.36%, while XRP (XRP-USD) has a volatility of 9.95%. 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 | 4.36% | 9.95% | -5.59% |
Volatility (6M)Calculated over the trailing 6-month period | 14.96% | 42.62% | -27.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.45% | 53.22% | -34.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.49% | 70.99% | -52.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.49% | 111.04% | -92.55% |
Frequently Asked Questions
TMSL and XRP-USD have a correlation of 0.32, 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 (9.95%) compared to TMSL (4.36%). In terms of maximum drawdown, TMSL dropped -24.39% vs XRP-USD's -95.87%.
TMSL currently has the higher Sharpe Ratio (1.60 vs -0.96), 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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