TOXR vs. SETH

Last updated Jul 17, 2026

TOXR (21Shares XRP ETF) and SETH (ProShares Short Ether Strategy ETF) are both Cryptocurrency funds - TOXR tracks the CME CF XRP-Dollar Reference Rate - New York Variant while SETH tracks the Bloomberg Galaxy Ethereum (--100%). Both are passively managed. At a correlation of -0.87, they often move in opposite directions. TOXR charges 0.30%/yr vs 0.95%/yr for SETH.

Performance

TOXR vs. SETH - Performance Comparison

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

Returns By Period

In the year-to-date period, TOXR achieves a -40.15% return, which is significantly lower than SETH's 29.34% return.

TOXR

• 1D: -1.14%
• 1M: -9.99%
• 6M: -46.96%
• YTD: -40.15%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SETH

• 1D: 2.35%
• 1M: -6.08%
• 6M: 44.18%
• YTD: 29.34%
• 1Y: 22.27%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TOXR vs. SETH - Yearly Performance Comparison

	2026 (YTD)	2025
TOXR 21Shares XRP ETF	-40.15%	-8.28%
SETH ProShares Short Ether Strategy ETF	29.34%	11.98%

Correlation

The correlation between TOXR and SETH is -0.87, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 11, 2025	-0.87

Return for Risk

TOXR vs. SETH — Risk / Return Rank

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

TOXR

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

SETH

SETH Risk / Return Rank: 18
SETH Sharpe Ratio Rank: 15
SETH Sortino Ratio Rank: 20
SETH Omega Ratio Rank: 19
SETH Calmar Ratio Rank: 19
SETH Martin Ratio Rank: 17

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. SETH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 21Shares XRP ETF (TOXR) and ProShares Short Ether Strategy ETF (SETH). 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.

	TOXR	SETH	Difference
Sharpe ratio: Return per unit of total volatility	—	0.33	—
Sortino ratio: Return per unit of downside risk	—	0.91	—
Omega ratio: Gain probability vs. loss probability	—	1.11	—
Calmar ratio: Return relative to maximum drawdown	—	0.68	—
Martin ratio: Return relative to average drawdown	—	1.23	—

Drawdowns

TOXR vs. SETH - Drawdown Comparison

The maximum TOXR drawdown since its inception was -55.42%, smaller than the maximum SETH drawdown of -80.74%. Use the drawdown chart below to compare losses from any high point for TOXR and SETH.

Drawdown Indicators

	TOXR	SETH	Difference
Max Drawdown Largest peak-to-trough decline	-55.42%	-80.74%	+25.32%
Max Drawdown (1Y) Largest decline over 1 year	—	-33.10%	—
Current Drawdown Current decline from peak	-52.66%	-64.47%	+11.81%
Average Drawdown Average peak-to-trough decline	-35.27%	-54.94%	+19.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	18.36%	—

Volatility

Volatility by Period

	TOXR	SETH	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	14.79%	—
Volatility (6M) Calculated over the trailing 6-month period	—	47.12%	—
Volatility (1Y) Calculated over the trailing 1-year period	70.98%	68.52%	+2.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	70.98%	69.29%	+1.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	70.98%	69.29%	+1.69%

TOXR vs. SETH - Expense Ratio Comparison

TOXR has a 0.30% expense ratio, which is lower than SETH's 0.95% expense ratio.

Dividends

TOXR vs. SETH - Dividend Comparison

TOXR has not paid dividends to shareholders, while SETH's dividend yield for the trailing twelve months is around 17.26%.

Position	TTM	2025	2024	2023
SETH ProShares Short Ether Strategy ETF	17.26%	7.01%	3.44%	0.38%
TOXR 21Shares XRP ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TOXR and SETH in my portfolio?

TOXR and SETH have a correlation of -0.87, 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 SETH?

On fees, TOXR is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TOXR or SETH?

TOXR is cheaper with a 0.30% expense ratio, compared with 0.95% for SETH.

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

SETH has the higher dividend yield at 17.26%, compared with 0.00% for TOXR.

What is the main difference between TOXR and SETH?

TOXR tracks CME CF XRP-Dollar Reference Rate - New York Variant, while SETH tracks Bloomberg Galaxy Ethereum (--100%). They also come from different issuers: 21Shares and ProShares. Their fees differ too: 0.30% for TOXR and 0.95% for SETH.