TXXD vs. ETHU

Last updated Jun 5, 2026

TXXD (21Shares 2x Long Dogecoin ETF) and ETHU (Volatility Shares 2x Ether ETF) are both exchange-traded funds - TXXD is a Leveraged Cryptocurrency fund actively managed by 21Shares, while ETHU is a Cryptocurrency fund actively managed by Volatility Shares. Both are actively managed. A 0.79 correlation means they provide meaningful diversification when combined. TXXD charges 1.89%/yr vs 0.94%/yr for ETHU.

Performance

TXXD vs. ETHU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in 21Shares 2x Long Dogecoin ETF (TXXD) and Volatility Shares 2x Ether ETF (ETHU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TXXD achieves a -60.16% return, which is significantly higher than ETHU's -72.13% return.

TXXD

• 1D: -6.92%
• 1M: -41.96%
• YTD: -60.16%
• 6M: -76.88%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ETHU

• 1D: -2.88%
• 1M: -45.48%
• YTD: -72.13%
• 6M: -75.88%
• 1Y: -76.14%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TXXD vs. ETHU - Yearly Performance Comparison

	2026 (YTD)	2025
TXXD 21Shares 2x Long Dogecoin ETF	-60.16%	-47.09%
ETHU Volatility Shares 2x Ether ETF	-72.13%	2.92%

Correlation

The correlation between TXXD and ETHU is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 21, 2025	0.79

Return for Risk

TXXD vs. ETHU — Risk / Return Rank

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

ETHU

ETHU Risk / Return Rank: 4
ETHU Sharpe Ratio Rank: 4
ETHU Sortino Ratio Rank: 5
ETHU Omega Ratio Rank: 5
ETHU Calmar Ratio Rank: 2
ETHU Martin Ratio Rank: 3

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.

TXXD vs. ETHU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 21Shares 2x Long Dogecoin ETF (TXXD) and Volatility Shares 2x Ether ETF (ETHU). 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

	TXXD	ETHU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.56	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.63	-0.54	-0.09

Drawdowns

TXXD vs. ETHU - Drawdown Comparison

The maximum TXXD drawdown since its inception was -80.18%, smaller than the maximum ETHU drawdown of -95.18%. Use the drawdown chart below to compare losses from any high point for TXXD and ETHU.

Drawdown Indicators

	TXXD	ETHU	Difference
Max Drawdown Largest peak-to-trough decline	-80.18%	-95.18%	+15.00%
Max Drawdown (1Y) Largest decline over 1 year	—	-91.80%	—
Current Drawdown Current decline from peak	-80.18%	-95.18%	+15.00%
Average Drawdown Average peak-to-trough decline	-58.32%	-69.45%	+11.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	62.60%	—

Volatility

Volatility by Period

	TXXD	ETHU	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	20.02%	—
Volatility (6M) Calculated over the trailing 6-month period	—	92.47%	—
Volatility (1Y) Calculated over the trailing 1-year period	150.68%	137.43%	+13.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	150.68%	142.96%	+7.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	150.68%	142.96%	+7.72%

TXXD vs. ETHU - Expense Ratio Comparison

TXXD has a 1.89% expense ratio, which is higher than ETHU's 0.94% expense ratio.

Dividends

TXXD vs. ETHU - Dividend Comparison

TXXD's dividend yield for the trailing twelve months is around 0.06%, less than ETHU's 5.16% yield.

Position	TTM	2025	2024
ETHU Volatility Shares 2x Ether ETF	5.16%	2.31%	0.41%
TXXD 21Shares 2x Long Dogecoin ETF	0.06%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TXXD and ETHU in my portfolio?

TXXD and ETHU have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TXXD or ETHU?

On fees, ETHU is cheaper at 0.94% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TXXD or ETHU?

ETHU is cheaper with a 0.94% expense ratio, compared with 1.89% for TXXD.

Which ETF pays a higher dividend yield, TXXD or ETHU?

ETHU has the higher dividend yield at 5.16%, compared with 0.06% for TXXD.

What is the main difference between TXXD and ETHU?

TXXD is categorized as Leveraged Cryptocurrency, while ETHU is Cryptocurrency. They also come from different issuers: 21Shares and Volatility Shares. Their fees differ too: 1.89% for TXXD and 0.94% for ETHU.