UXRP vs. ETU

Last updated Aug 2, 2026

UXRP (ProShares Ultra XRP ETF) and ETU (T-Rex 2X Long Ether Daily Target ETF) are both Leveraged Cryptocurrency funds. UXRP is passively managed, while ETU is actively managed. Over the past year, UXRP returned -94.69% vs -84.64% for ETU. Their correlation of 0.85 means they have usually moved in the same direction. UXRP charges 1.67%/yr vs 0.95%/yr for ETU.

Performance

UXRP vs. ETU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra XRP ETF (UXRP) and T-Rex 2X Long Ether Daily Target ETF (ETU). 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 ETU's -71.52% return.

UXRP

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

ETU

• 1D: -6.16%
• 1M: 17.43%
• 6M: -63.60%
• YTD: -71.52%
• 1Y: -84.64%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -64.08%

*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)
ETU T-Rex 2X Long Ether Daily Target ETF	$268.36K	$336.30K	$484.83K
UXRP ProShares Ultra XRP ETF	$852.19K	$746.96K	$1.32M

UXRP vs. ETU - Yearly Performance Comparison

	2026 (YTD)	2025
UXRP ProShares Ultra XRP ETF	-77.99%	-77.43%
ETU T-Rex 2X Long Ether Daily Target ETF	-71.52%	-28.88%

Correlation

The correlation between UXRP and ETU is 0.85, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.85
Correlation (All Time) Calculated using the full available price history since Jul 15, 2025	0.85

The correlation between UXRP and ETU has been stable across timeframes, ranging from 0.85 to 0.85 - a consistent structural relationship.

Return for Risk

UXRP vs. ETU — 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

ETU

ETU Risk / Return Rank: 3
ETU Sharpe Ratio Rank: 4
ETU Sortino Ratio Rank: 3
ETU Omega Ratio Rank: 3
ETU Calmar Ratio Rank: 1
ETU 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. ETU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra XRP ETF (UXRP) and T-Rex 2X Long Ether Daily Target ETF (ETU). 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	ETU	Difference
Sharpe ratio: Return per unit of total volatility	-0.66	-0.65	-0.02
Sortino ratio: Return per unit of downside risk	-1.95	-1.14	-0.81
Omega ratio: Gain probability vs. loss probability	0.79	0.87	-0.08
Calmar ratio: Return relative to maximum drawdown	-0.99	-0.92	-0.07
Martin ratio: Return relative to average drawdown	-1.23	-1.20	-0.03

UXRP vs. ETU - Sharpe Ratio Comparison

The current UXRP Sharpe Ratio is -0.66, which is comparable to the ETU Sharpe Ratio of -0.65. The chart below compares the historical Sharpe Ratios of UXRP and ETU, 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. ETU - Drawdown Comparison

The maximum UXRP drawdown since its inception was -96.60%, roughly equal to the maximum ETU drawdown of -95.01%. Use the drawdown chart below to compare losses from any high point for UXRP and ETU.

Drawdown Indicators

	UXRP	ETU	Difference
Max Drawdown Largest peak-to-trough decline	-96.60%	-95.01%	-1.59%
Max Drawdown (1Y) Largest decline over 1 year	-95.74%	-93.91%	-1.83%
Current Drawdown Current decline from peak	-96.51%	-93.07%	-3.44%
Average Drawdown Average peak-to-trough decline	-74.97%	-65.08%	-9.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	76.79%	71.86%	+4.93%

Volatility

UXRP vs. ETU - Volatility Comparison

The current volatility for ProShares Ultra XRP ETF (UXRP) is 24.70%, while T-Rex 2X Long Ether Daily Target ETF (ETU) has a volatility of 26.16%. This indicates that UXRP experiences smaller price fluctuations and is considered to be less risky than ETU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UXRP	ETU	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.70%	26.16%	-1.46%
Volatility (6M) Calculated over the trailing 6-month period	101.23%	92.92%	+8.31%
Volatility (1Y) Calculated over the trailing 1-year period	142.99%	134.09%	+8.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	143.51%	143.54%	-0.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	143.51%	143.54%	-0.03%

UXRP vs. ETU - Expense Ratio Comparison

UXRP has a 1.67% expense ratio, which is higher than ETU's 0.95% expense ratio.

Dividends

UXRP vs. ETU - Dividend Comparison

UXRP's dividend yield for the trailing twelve months is around 0.02%, more than ETU's 0.01% yield.

Position	TTM	2025	2024
ETU T-Rex 2X Long Ether Daily Target ETF	0.01%	0.00%	0.05%
UXRP ProShares Ultra XRP ETF	0.02%	0.00%	0.00%

Frequently Asked Questions

Can I hold both UXRP and ETU in my portfolio?

UXRP and ETU have a correlation of 0.85, 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 ETU?

ETU has higher volatility (26.16%) compared to UXRP (24.70%). In terms of maximum drawdown, UXRP dropped -96.60% vs ETU's -95.01%.

Which ETF is better, UXRP or ETU?

On 1-year performance, ETU leads with -84.64% vs -94.69% for UXRP. On fees, ETU is cheaper at 0.95% per year. On volatility, UXRP has been the lower-risk option at 24.70%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, UXRP or ETU?

Over the 1-year period, ETU has performed better with a -84.64% 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 ETU?

ETU is cheaper with a 0.95% expense ratio, compared with 1.67% for UXRP.

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

UXRP has the higher dividend yield at 0.02%, compared with 0.01% for ETU.

What is the main difference between UXRP and ETU?

They also come from different issuers: ProShares and REX Shares. Their fees differ too: 1.67% for UXRP and 0.95% for ETU.

Which has better risk-adjusted returns?

ETU currently has the higher Sharpe Ratio (-0.65 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.