TSUI vs. THYP

Last updated Jul 17, 2026

TSUI (21Shares Sui ETF) and THYP (21Shares Hyperliquid ETF) are both Cryptocurrency funds from 21Shares. TSUI is passively managed, while THYP is actively managed. At a 0.49 correlation, their price movements are largely independent.

Performance

TSUI vs. THYP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in 21Shares Sui ETF (TSUI) and 21Shares Hyperliquid ETF (THYP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TSUI

• 1D: -0.12%
• 1M: -5.33%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

THYP

• 1D: -6.81%
• 1M: -13.93%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TSUI vs. THYP - Yearly Performance Comparison

	2026 (YTD)
TSUI 21Shares Sui ETF	-42.89%
THYP 21Shares Hyperliquid ETF	44.38%

Correlation

The correlation between TSUI and THYP is 0.49, 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 12, 2026	0.49

Return for Risk

TSUI vs. THYP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 21Shares Sui ETF (TSUI) and 21Shares Hyperliquid ETF (THYP). 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

TSUI vs. THYP - Drawdown Comparison

The maximum TSUI drawdown since its inception was -48.76%, which is greater than THYP's maximum drawdown of -27.01%. Use the drawdown chart below to compare losses from any high point for TSUI and THYP.

Drawdown Indicators

	TSUI	THYP	Difference
Max Drawdown Largest peak-to-trough decline	-48.76%	-27.01%	-21.75%
Current Drawdown Current decline from peak	-42.89%	-15.53%	-27.36%
Average Drawdown Average peak-to-trough decline	-21.36%	-8.32%	-13.04%

Volatility

Volatility by Period

	TSUI	THYP	Difference
Volatility (1Y) Calculated over the trailing 1-year period	81.15%	101.78%	-20.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	81.15%	101.78%	-20.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	81.15%	101.78%	-20.63%

Dividends

TSUI vs. THYP - Dividend Comparison

TSUI's dividend yield for the trailing twelve months is around 0.43%, more than THYP's 0.10% yield.

Position	TTM
THYP 21Shares Hyperliquid ETF	0.10%
TSUI 21Shares Sui ETF	0.43%

Frequently Asked Questions

Can I hold both TSUI and THYP in my portfolio?

TSUI and THYP have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF pays a higher dividend yield, TSUI or THYP?

TSUI has the higher dividend yield at 0.43%, compared with 0.10% for THYP.