TOXR vs. EZBC

Last updated Jun 4, 2026

TOXR (21Shares XRP ETF) and EZBC (Franklin Bitcoin ETF) are both Cryptocurrency funds - TOXR tracks the CME CF XRP-Dollar Reference Rate - New York Variant while EZBC tracks the CME CF Bitcoin Reference Rate - New York Variant. Both are passively managed. Their correlation of 0.88 suggests significant overlap in exposure. TOXR charges 0.30%/yr vs 0.19%/yr for EZBC.

Performance

TOXR vs. EZBC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in 21Shares XRP ETF (TOXR) and Franklin Bitcoin ETF (EZBC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TOXR achieves a -34.38% return, which is significantly lower than EZBC's -25.36% return.

TOXR

• 1D: -1.62%
• 1M: -14.04%
• YTD: -34.38%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

EZBC

• 1D: -2.73%
• 1M: -18.42%
• YTD: -25.36%
• 6M: -29.82%
• 1Y: -38.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TOXR vs. EZBC - Yearly Performance Comparison

	2026 (YTD)	2025
TOXR 21Shares XRP ETF	-34.38%	-9.65%
EZBC Franklin Bitcoin ETF	-25.36%	-4.78%

Correlation

The correlation between TOXR and EZBC is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 12, 2025	0.88

Return for Risk

TOXR vs. EZBC — Risk / Return Rank

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

EZBC

EZBC Risk / Return Rank: 2
EZBC Sharpe Ratio Rank: 2
EZBC Sortino Ratio Rank: 2
EZBC Omega Ratio Rank: 2
EZBC Calmar Ratio Rank: 2
EZBC Martin Ratio Rank: 2

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.

TOXR vs. EZBC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 21Shares XRP ETF (TOXR) and Franklin Bitcoin ETF (EZBC). 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.

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

Sharpe Ratios by Period

	TOXR	EZBC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.89	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.92	0.30	-1.22

Drawdowns

TOXR vs. EZBC - Drawdown Comparison

The maximum TOXR drawdown since its inception was -48.78%, roughly equal to the maximum EZBC drawdown of -49.37%. Use the drawdown chart below to compare losses from any high point for TOXR and EZBC.

Drawdown Indicators

	TOXR	EZBC	Difference
Max Drawdown Largest peak-to-trough decline	-48.78%	-49.37%	+0.59%
Max Drawdown (1Y) Largest decline over 1 year	—	-49.37%	—
Current Drawdown Current decline from peak	-48.10%	-48.04%	-0.06%
Average Drawdown Average peak-to-trough decline	-31.50%	-16.01%	-15.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	28.42%	—

Volatility

Volatility by Period

	TOXR	EZBC	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.43%	—
Volatility (6M) Calculated over the trailing 6-month period	—	34.44%	—
Volatility (1Y) Calculated over the trailing 1-year period	73.16%	43.67%	+29.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	73.16%	50.06%	+23.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	73.16%	50.06%	+23.10%

TOXR vs. EZBC - Expense Ratio Comparison

TOXR has a 0.30% expense ratio, which is higher than EZBC's 0.19% expense ratio.

Dividends

TOXR vs. EZBC - Dividend Comparison

Neither TOXR nor EZBC has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both TOXR and EZBC in my portfolio?

TOXR and EZBC have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TOXR or EZBC?

On fees, EZBC 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, TOXR or EZBC?

EZBC is cheaper with a 0.19% expense ratio, compared with 0.30% for TOXR.

Which ETF pays a higher dividend yield, TOXR or EZBC?

TOXR and EZBC have nearly identical dividend yields, around 0.00%.

What is the main difference between TOXR and EZBC?

TOXR tracks CME CF XRP-Dollar Reference Rate - New York Variant, while EZBC tracks CME CF Bitcoin Reference Rate - New York Variant. They also come from different issuers: 21Shares and Franklin Templeton. Their fees differ too: 0.30% for TOXR and 0.19% for EZBC.