TXXS vs. THYP
TXXS (21Shares 2x Long Sui ETF) and THYP (21Shares Hyperliquid ETF) are both exchange-traded funds - TXXS is a Leveraged Cryptocurrency fund actively managed by 21Shares, while THYP is a Cryptocurrency fund tracking the HYPE. TXXS is actively managed, while THYP is passively managed. Their 0.46 correlation means their historical movements had little consistent relationship. TXXS charges 1.89%/yr vs 0.30%/yr for THYP.
Performance
TXXS vs. THYP - Performance Comparison
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Returns By Period
TXXS
- 1D
- -5.81%
- 1M
- -17.48%
- 6M
- -82.82%
- YTD
- -87.80%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
THYP
- 1D
- -5.45%
- 1M
- -21.23%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.64M | $2.61M | $8.97M | |
| $281.55K | $191.22K | $318.40K |
TXXS vs. THYP - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
TXXS 21Shares 2x Long Sui ETF | -77.24% |
THYP 21Shares Hyperliquid ETF | 21.11% |
Correlation
The correlation between TXXS and THYP is 0.46, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since May 12, 2026 | 0.46 |
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Return for Risk
TXXS vs. THYP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 21Shares 2x Long Sui ETF (TXXS) 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.
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Drawdowns
TXXS vs. THYP - Drawdown Comparison
The maximum TXXS drawdown since its inception was -93.01%, which is greater than THYP's maximum drawdown of -29.14%. Use the drawdown chart below to compare losses from any high point for TXXS and THYP.
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Drawdown Indicators
| TXXS | THYP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.01% | -29.14% | -63.87% |
Current DrawdownCurrent decline from peak | -93.01% | -29.14% | -63.87% |
Average DrawdownAverage peak-to-trough decline | -70.44% | -11.06% | -59.38% |
Volatility
TXXS vs. THYP - Volatility Comparison
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Volatility by Period
| TXXS | THYP | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 170.97% | 94.58% | +76.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 170.97% | 94.58% | +76.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 170.97% | 94.58% | +76.39% |
TXXS vs. THYP - Expense Ratio Comparison
TXXS has a 1.89% expense ratio, which is higher than THYP's 0.30% expense ratio.
Dividends
TXXS vs. THYP - Dividend Comparison
TXXS's dividend yield for the trailing twelve months is around 0.28%, more than THYP's 0.12% yield.
| Position | TTM |
|---|---|
THYP 21Shares Hyperliquid ETF | 0.12% |
TXXS 21Shares 2x Long Sui ETF | 0.28% |
Frequently Asked Questions
TXXS and THYP have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, THYP is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
THYP is cheaper with a 0.30% expense ratio, compared with 1.89% for TXXS.
TXXS has the higher dividend yield at 0.28%, compared with 0.12% for THYP.
TXXS is categorized as Leveraged Cryptocurrency, while THYP is Cryptocurrency. Their fees differ too: 1.89% for TXXS and 0.30% for THYP.
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