UXRP vs. BEGS

Last updated Aug 2, 2026

UXRP (ProShares Ultra XRP ETF) and BEGS (Rareview 2x Bull Cryptocurrency & Precious Metals ETF) are both Leveraged Cryptocurrency funds. UXRP is passively managed, while BEGS is actively managed. Over the past year, UXRP returned -94.69% vs -37.63% for BEGS. Their 0.77 correlation means they have sometimes moved together and sometimes differently. UXRP charges 1.67%/yr vs 0.99%/yr for BEGS.

Performance

UXRP vs. BEGS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra XRP ETF (UXRP) and Rareview 2x Bull Cryptocurrency & Precious Metals ETF (BEGS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UXRP achieves a -77.99% return, which is significantly lower than BEGS's -41.25% return.

UXRP

• 1D: -5.41%
• 1M: -7.09%
• 6M: -74.16%
• YTD: -77.99%
• 1Y: -94.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -94.38%

BEGS

• 1D: -4.44%
• 1M: 0.88%
• 6M: -44.88%
• YTD: -41.25%
• 1Y: -37.63%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -15.83%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BEGS Rareview 2x Bull Cryptocurrency & Precious Metals ETF	$33.85K	$70.66K	$58.45K
UXRP ProShares Ultra XRP ETF	$852.19K	$746.96K	$1.32M

UXRP vs. BEGS - Yearly Performance Comparison

	2026 (YTD)	2025
UXRP ProShares Ultra XRP ETF	-77.99%	-77.43%
BEGS Rareview 2x Bull Cryptocurrency & Precious Metals ETF	-41.25%	4.72%

Correlation

The correlation between UXRP and BEGS is 0.78, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.78
Correlation (All Time) Calculated using the full available price history since Jul 15, 2025	0.77

The correlation between UXRP and BEGS has been stable across timeframes, ranging from 0.77 to 0.78 - a consistent structural relationship.

Return for Risk

UXRP vs. BEGS — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

UXRP

UXRP Risk / Return Rank: 2
UXRP Sharpe Ratio Rank: 4
UXRP Sortino Ratio Rank: 1
UXRP Omega Ratio Rank: 1
UXRP Calmar Ratio Rank: 0
UXRP Martin Ratio Rank: 3

BEGS

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

UXRP vs. BEGS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra XRP ETF (UXRP) and Rareview 2x Bull Cryptocurrency & Precious Metals ETF (BEGS). 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.

	UXRP	BEGS	Difference
Sharpe ratio: Return per unit of total volatility	-0.66	-0.58	-0.09
Sortino ratio: Return per unit of downside risk	-1.95	-0.52	-1.43
Omega ratio: Gain probability vs. loss probability	0.79	0.94	-0.15
Calmar ratio: Return relative to maximum drawdown	-0.99	-0.65	-0.34
Martin ratio: Return relative to average drawdown	-1.23	-1.21	-0.02

UXRP vs. BEGS - Sharpe Ratio Comparison

The current UXRP Sharpe Ratio is -0.66, which is comparable to the BEGS Sharpe Ratio of -0.58. The chart below compares the historical Sharpe Ratios of UXRP and BEGS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

UXRP vs. BEGS - Drawdown Comparison

The maximum UXRP drawdown since its inception was -96.60%, which is greater than BEGS's maximum drawdown of -60.23%. Use the drawdown chart below to compare losses from any high point for UXRP and BEGS.

Drawdown Indicators

	UXRP	BEGS	Difference
Max Drawdown Largest peak-to-trough decline	-96.60%	-60.23%	-36.37%
Max Drawdown (1Y) Largest decline over 1 year	-95.74%	-60.23%	-35.51%
Current Drawdown Current decline from peak	-96.51%	-56.47%	-40.04%
Average Drawdown Average peak-to-trough decline	-74.97%	-20.76%	-54.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	76.79%	32.21%	+44.58%

Volatility

UXRP vs. BEGS - Volatility Comparison

ProShares Ultra XRP ETF (UXRP) has a higher volatility of 24.70% compared to Rareview 2x Bull Cryptocurrency & Precious Metals ETF (BEGS) at 16.14%. This indicates that UXRP's price experiences larger fluctuations and is considered to be riskier than BEGS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UXRP	BEGS	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.70%	16.14%	+8.56%
Volatility (6M) Calculated over the trailing 6-month period	101.23%	56.59%	+44.64%
Volatility (1Y) Calculated over the trailing 1-year period	142.99%	67.71%	+75.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	143.51%	63.24%	+80.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	143.51%	63.24%	+80.27%

UXRP vs. BEGS - Expense Ratio Comparison

UXRP has a 1.67% expense ratio, which is higher than BEGS's 0.99% expense ratio.

Dividends

UXRP vs. BEGS - Dividend Comparison

UXRP's dividend yield for the trailing twelve months is around 0.02%, less than BEGS's 82.09% yield.

Position	TTM	2025
BEGS Rareview 2x Bull Cryptocurrency & Precious Metals ETF	82.09%	48.23%
UXRP ProShares Ultra XRP ETF	0.02%	0.00%

Frequently Asked Questions

Can I hold both UXRP and BEGS in my portfolio?

UXRP and BEGS have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UXRP or BEGS?

UXRP has higher volatility (24.70%) compared to BEGS (16.14%). In terms of maximum drawdown, UXRP dropped -96.60% vs BEGS's -60.23%.

Which ETF is better, UXRP or BEGS?

On 1-year performance, BEGS leads with -37.63% vs -94.69% for UXRP. On fees, BEGS is cheaper at 0.99% per year. On volatility, BEGS has been the lower-risk option at 16.14%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, UXRP or BEGS?

Over the 1-year period, BEGS has performed better with a -37.63% return vs -94.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, UXRP or BEGS?

BEGS is cheaper with a 0.99% expense ratio, compared with 1.67% for UXRP.

Which ETF pays a higher dividend yield, UXRP or BEGS?

BEGS has the higher dividend yield at 82.09%, compared with 0.02% for UXRP.

What is the main difference between UXRP and BEGS?

They also come from different issuers: ProShares and Rareview. Their fees differ too: 1.67% for UXRP and 0.99% for BEGS.

Which has better risk-adjusted returns?

BEGS currently has the higher Sharpe Ratio (-0.58 vs -0.66), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.