TXXD vs. TDOG

Last updated Jun 4, 2026

TXXD (21Shares 2x Long Dogecoin ETF) and TDOG (21Shares Dogecoin ETF) are both exchange-traded funds - TXXD is a Leveraged Cryptocurrency fund actively managed by 21Shares, while TDOG is a Cryptocurrency fund tracking the Dogecoin (DOGE). TXXD is actively managed, while TDOG is passively managed. With a 1.00 correlation, they move nearly in lockstep. TXXD charges 1.89%/yr vs 0.50%/yr for TDOG.

Performance

TXXD vs. TDOG - Performance Comparison

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

Returns By Period

TXXD

• 1D: -5.69%
• 1M: -34.07%
• YTD: -57.19%
• 6M: -75.93%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TDOG

• 1D: -2.41%
• 1M: -17.01%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TXXD vs. TDOG - Yearly Performance Comparison

	2026 (YTD)
TXXD 21Shares 2x Long Dogecoin ETF	-59.02%
TDOG 21Shares Dogecoin ETF	-26.19%

Correlation

The correlation between TXXD and TDOG is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 23, 2026	1.00

Return for Risk

TXXD vs. TDOG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 21Shares 2x Long Dogecoin ETF (TXXD) and 21Shares Dogecoin ETF (TDOG). 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	TDOG	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.63	-0.85	+0.23

Drawdowns

TXXD vs. TDOG - Drawdown Comparison

The maximum TXXD drawdown since its inception was -78.71%, which is greater than TDOG's maximum drawdown of -29.24%. Use the drawdown chart below to compare losses from any high point for TXXD and TDOG.

Drawdown Indicators

	TXXD	TDOG	Difference
Max Drawdown Largest peak-to-trough decline	-78.71%	-29.24%	-49.47%
Current Drawdown Current decline from peak	-78.71%	-27.22%	-51.49%
Average Drawdown Average peak-to-trough decline	-58.15%	-20.46%	-37.69%

Volatility

Volatility by Period

	TXXD	TDOG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	151.01%	67.14%	+83.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	151.01%	67.14%	+83.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	151.01%	67.14%	+83.87%

TXXD vs. TDOG - Expense Ratio Comparison

TXXD has a 1.89% expense ratio, which is higher than TDOG's 0.50% expense ratio.

Dividends

TXXD vs. TDOG - Dividend Comparison

TXXD's dividend yield for the trailing twelve months is around 0.06%, while TDOG has not paid dividends to shareholders.

Position	TTM
TDOG 21Shares Dogecoin ETF	0.00%
TXXD 21Shares 2x Long Dogecoin ETF	0.06%

Frequently Asked Questions

Can I hold both TXXD and TDOG in my portfolio?

With a correlation of 1.00, TXXD and TDOG move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, TXXD or TDOG?

On fees, TDOG is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TXXD or TDOG?

TDOG is cheaper with a 0.50% expense ratio, compared with 1.89% for TXXD.

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

TXXD has the higher dividend yield at 0.06%, compared with 0.00% for TDOG.

What is the main difference between TXXD and TDOG?

TXXD is categorized as Leveraged Cryptocurrency, while TDOG is Cryptocurrency. Their fees differ too: 1.89% for TXXD and 0.50% for TDOG.