UXRP vs. BTCU

Last updated Aug 2, 2026

UXRP (ProShares Ultra XRP ETF) and BTCU (Direxion Daily Bitcoin Bull 2X ETF) are both Leveraged Cryptocurrency funds - UXRP tracks the Bloomberg XRP Index while BTCU tracks the iShares Bitcoin Trust ETF (IBIT). Both are passively managed. Their correlation of 0.87 means they have usually moved in the same direction. UXRP charges 1.67%/yr vs 1.13%/yr for BTCU.

Performance

UXRP vs. BTCU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra XRP ETF (UXRP) and Direxion Daily Bitcoin Bull 2X ETF (BTCU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

UXRP

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

BTCU

• 1D: -5.74%
• 1M: 3.00%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*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)
BTCU Direxion Daily Bitcoin Bull 2X ETF	$220.94K	$278.05K	$253.81K
UXRP ProShares Ultra XRP ETF	$852.19K	$746.96K	$1.32M

UXRP vs. BTCU - Yearly Performance Comparison

	2026 (YTD)
UXRP ProShares Ultra XRP ETF	-41.58%
BTCU Direxion Daily Bitcoin Bull 2X ETF	-32.99%

Correlation

The correlation between UXRP and BTCU is 0.87, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 27, 2026	0.87

Return for Risk

UXRP vs. BTCU — 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

BTCU

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. BTCU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra XRP ETF (UXRP) and Direxion Daily Bitcoin Bull 2X ETF (BTCU). 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	BTCU	Difference
Sharpe ratio: Return per unit of total volatility	-0.66	—	—
Sortino ratio: Return per unit of downside risk	-1.95	—	—
Omega ratio: Gain probability vs. loss probability	0.79	—	—
Calmar ratio: Return relative to maximum drawdown	-0.99	—	—
Martin ratio: Return relative to average drawdown	-1.23	—	—

Drawdowns

UXRP vs. BTCU - Drawdown Comparison

The maximum UXRP drawdown since its inception was -96.60%, which is greater than BTCU's maximum drawdown of -40.67%. Use the drawdown chart below to compare losses from any high point for UXRP and BTCU.

Drawdown Indicators

	UXRP	BTCU	Difference
Max Drawdown Largest peak-to-trough decline	-96.60%	-40.67%	-55.93%
Max Drawdown (1Y) Largest decline over 1 year	-95.74%	—	—
Current Drawdown Current decline from peak	-96.51%	-33.12%	-63.39%
Average Drawdown Average peak-to-trough decline	-74.97%	-28.60%	-46.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	76.79%	—	—

Volatility

Volatility by Period

	UXRP	BTCU	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.70%	—	—
Volatility (6M) Calculated over the trailing 6-month period	101.23%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	142.99%	79.58%	+63.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	143.51%	79.58%	+63.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	143.51%	79.58%	+63.93%

UXRP vs. BTCU - Expense Ratio Comparison

UXRP has a 1.67% expense ratio, which is higher than BTCU's 1.13% expense ratio.

Dividends

UXRP vs. BTCU - Dividend Comparison

UXRP's dividend yield for the trailing twelve months is around 0.02%, less than BTCU's 0.26% yield.

Position	TTM	2025
BTCU Direxion Daily Bitcoin Bull 2X ETF	0.26%	0.00%
UXRP ProShares Ultra XRP ETF	0.02%	0.00%

Frequently Asked Questions

Can I hold both UXRP and BTCU in my portfolio?

UXRP and BTCU have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, UXRP or BTCU?

On fees, BTCU is cheaper at 1.13% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, UXRP or BTCU?

BTCU is cheaper with a 1.13% expense ratio, compared with 1.67% for UXRP.

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

BTCU has the higher dividend yield at 0.26%, compared with 0.02% for UXRP.

What is the main difference between UXRP and BTCU?

UXRP tracks Bloomberg XRP Index, while BTCU tracks iShares Bitcoin Trust ETF (IBIT). They also come from different issuers: ProShares and Direxion. Their fees differ too: 1.67% for UXRP and 1.13% for BTCU.