TOXR vs. TCAN

Last updated Jul 17, 2026

TOXR (21Shares XRP ETF) and TCAN (21Shares Canton Network ETF) are both exchange-traded funds - TOXR is a Cryptocurrency fund tracking the CME CF XRP-Dollar Reference Rate - New York Variant, while TCAN is a Blockchain fund actively managed by 21Shares. TOXR is passively managed, while TCAN is actively managed. At a 0.43 correlation, their price movements are largely independent. TOXR charges 0.30%/yr vs 0.50%/yr for TCAN.

Performance

TOXR vs. TCAN - Performance Comparison

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

Returns By Period

TOXR

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

TCAN

• 1D: -5.65%
• 1M: -19.39%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TOXR vs. TCAN - Yearly Performance Comparison

	2026 (YTD)
TOXR 21Shares XRP ETF	-23.20%
TCAN 21Shares Canton Network ETF	-10.10%

Correlation

The correlation between TOXR and TCAN is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 7, 2026	0.43

Return for Risk

TOXR vs. TCAN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 21Shares XRP ETF (TOXR) and 21Shares Canton Network ETF (TCAN). 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.

Drawdowns

TOXR vs. TCAN - Drawdown Comparison

The maximum TOXR drawdown since its inception was -55.42%, which is greater than TCAN's maximum drawdown of -24.34%. Use the drawdown chart below to compare losses from any high point for TOXR and TCAN.

Drawdown Indicators

	TOXR	TCAN	Difference
Max Drawdown Largest peak-to-trough decline	-55.42%	-24.34%	-31.08%
Current Drawdown Current decline from peak	-52.66%	-21.35%	-31.31%
Average Drawdown Average peak-to-trough decline	-35.27%	-9.21%	-26.06%

Volatility

Volatility by Period

	TOXR	TCAN	Difference
Volatility (1Y) Calculated over the trailing 1-year period	70.98%	61.57%	+9.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	70.98%	61.57%	+9.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	70.98%	61.57%	+9.41%

TOXR vs. TCAN - Expense Ratio Comparison

TOXR has a 0.30% expense ratio, which is lower than TCAN's 0.50% expense ratio.

Dividends

TOXR vs. TCAN - Dividend Comparison

Neither TOXR nor TCAN has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both TOXR and TCAN in my portfolio?

TOXR and TCAN have a correlation of 0.43, 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 TCAN?

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 TCAN?

TOXR is cheaper with a 0.30% expense ratio, compared with 0.50% for TCAN.

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

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

What is the main difference between TOXR and TCAN?

TOXR is categorized as Cryptocurrency, while TCAN is Blockchain. Their fees differ too: 0.30% for TOXR and 0.50% for TCAN.