UXRP vs. ETHD

Last updated Jun 23, 2026

UXRP (ProShares Ultra XRP ETF) and ETHD (ProShares UltraShort Ether ETF) are both exchange-traded funds - UXRP is a Leveraged Cryptocurrency fund tracking the Bloomberg XRP Index, while ETHD is a Cryptocurrency fund actively managed by ProShares. UXRP is passively managed, while ETHD is actively managed. At a correlation of -0.84, they often move in opposite directions. UXRP charges 1.67%/yr vs 1.01%/yr for ETHD.

Performance

UXRP vs. ETHD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra XRP ETF (UXRP) and ProShares UltraShort Ether ETF (ETHD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UXRP achieves a -73.83% return, which is significantly lower than ETHD's 61.66% return.

UXRP

• 1D: -1.74%
• 1M: -31.36%
• YTD: -73.83%
• 6M: -75.61%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ETHD

• 1D: -3.34%
• 1M: 27.31%
• YTD: 61.66%
• 6M: 62.24%
• 1Y: -49.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

UXRP vs. ETHD - Yearly Performance Comparison

	2026 (YTD)	2025
UXRP ProShares Ultra XRP ETF	-73.83%	-77.43%
ETHD ProShares UltraShort Ether ETF	61.66%	-47.91%

Correlation

The correlation between UXRP and ETHD is -0.84, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 15, 2025	-0.84

Return for Risk

UXRP vs. ETHD — Risk / Return Rank

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

UXRP

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

ETHD

ETHD Risk / Return Rank: 7
ETHD Sharpe Ratio Rank: 6
ETHD Sortino Ratio Rank: 10
ETHD Omega Ratio Rank: 9
ETHD Calmar Ratio Rank: 4
ETHD Martin Ratio Rank: 6

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.

UXRP vs. ETHD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra XRP ETF (UXRP) and ProShares UltraShort Ether ETF (ETHD). 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	ETHD	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.36	—
Sortino ratio: Return per unit of downside risk	—	0.28	—
Omega ratio: Gain probability vs. loss probability	—	1.03	—
Calmar ratio: Return relative to maximum drawdown	—	-0.59	—
Martin ratio: Return relative to average drawdown	—	-0.74	—

Drawdowns

UXRP vs. ETHD - Drawdown Comparison

The maximum UXRP drawdown since its inception was -96.02%, roughly equal to the maximum ETHD drawdown of -95.59%. Use the drawdown chart below to compare losses from any high point for UXRP and ETHD.

Drawdown Indicators

	UXRP	ETHD	Difference
Max Drawdown Largest peak-to-trough decline	-96.02%	-95.59%	-0.43%
Max Drawdown (1Y) Largest decline over 1 year	—	-83.63%	—
Current Drawdown Current decline from peak	-95.85%	-87.37%	-8.48%
Average Drawdown Average peak-to-trough decline	-72.44%	-66.37%	-6.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	66.84%	—

Volatility

Volatility by Period

	UXRP	ETHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	38.88%	—
Volatility (6M) Calculated over the trailing 6-month period	—	93.41%	—
Volatility (1Y) Calculated over the trailing 1-year period	148.99%	137.58%	+11.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	148.99%	142.56%	+6.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	148.99%	142.56%	+6.43%

UXRP vs. ETHD - Expense Ratio Comparison

UXRP has a 1.67% expense ratio, which is higher than ETHD's 1.01% expense ratio.

Dividends

UXRP vs. ETHD - Dividend Comparison

UXRP's dividend yield for the trailing twelve months is around 0.02%, less than ETHD's 10.82% yield.

Position	TTM	2025	2024
ETHD ProShares UltraShort Ether ETF	10.82%	156.62%	19.15%
UXRP ProShares Ultra XRP ETF	0.02%	0.00%	0.00%

Frequently Asked Questions

Can I hold both UXRP and ETHD in my portfolio?

UXRP and ETHD have a correlation of -0.84, 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 ETHD?

On fees, ETHD is cheaper at 1.01% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, UXRP or ETHD?

ETHD is cheaper with a 1.01% expense ratio, compared with 1.67% for UXRP.

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

ETHD has the higher dividend yield at 10.82%, compared with 0.02% for UXRP.

What is the main difference between UXRP and ETHD?

UXRP is categorized as Leveraged Cryptocurrency, while ETHD is Cryptocurrency. Their fees differ too: 1.67% for UXRP and 1.01% for ETHD.