UXRP vs. GSG
UXRP (ProShares Ultra XRP ETF) and GSG (iShares S&P GSCI Commodity-Indexed Trust) are both exchange-traded funds - UXRP is a Leveraged Cryptocurrency fund tracking the Bloomberg XRP Index, while GSG is a Commodities fund tracking the S&P GSCI Total Return Index. Both are passively managed. Over the past year, UXRP returned -94.69% vs 42.34% for GSG. Their -0.01 correlation means they have often moved in opposite directions in the past. UXRP charges 1.67%/yr vs 0.75%/yr for GSG.
Performance
UXRP vs. GSG - Performance Comparison
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Returns By Period
In the year-to-date period, UXRP achieves a -77.99% return, which is significantly lower than GSG's 38.94% return.
UXRP
- 1D
- -5.41%
- 1M
- -7.09%
- 6M
- -74.16%
- YTD
- -77.99%
- 1Y
- -94.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -94.38%
GSG
- 1D
- 0.28%
- 1M
- 12.94%
- 6M
- 25.75%
- YTD
- 38.94%
- 1Y
- 42.34%
- 3Y*
- 14.13%
- 5Y*
- 14.47%
- 10Y*
- 8.91%
- ALL TIME*
- -2.13%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $16.60M | $17.31M | $26.52M | |
| $852.19K | $746.96K | $1.32M |
UXRP vs. GSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
UXRP ProShares Ultra XRP ETF | -77.99% | -77.43% |
GSG iShares S&P GSCI Commodity-Indexed Trust | 38.94% | 2.72% |
Correlation
The correlation between UXRP and GSG is -0.03, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.03 |
Correlation (All Time) Calculated using the full available price history since Jul 15, 2025 | -0.01 |
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Return for Risk
UXRP vs. GSG — Risk / Return Rank
UXRP
GSG
UXRP vs. GSG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra XRP ETF (UXRP) and iShares S&P GSCI Commodity-Indexed Trust (GSG). 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 | GSG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.35 | ||
| Sortino ratioReturn per unit of downside risk | -4.22 | ||
| Omega ratioGain probability vs. loss probability | 0.79 | 1.29 | -0.50 |
| Calmar ratioReturn relative to maximum drawdown | -0.99 | 2.16 | -3.16 |
| Martin ratioReturn relative to average drawdown | -1.23 | 6.99 | -8.22 |
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Drawdowns
UXRP vs. GSG - Drawdown Comparison
The maximum UXRP drawdown since its inception was -96.60%, which is greater than GSG's maximum drawdown of -89.62%. Use the drawdown chart below to compare losses from any high point for UXRP and GSG.
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Drawdown Indicators
| UXRP | GSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.60% | -89.62% | -6.98% |
Max Drawdown (1Y)Largest decline over 1 year | -95.74% | -18.81% | -76.93% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.81% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.12% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -57.64% | — |
Current DrawdownCurrent decline from peak | -96.51% | -58.05% | -38.46% |
Average DrawdownAverage peak-to-trough decline | -74.97% | -63.67% | -11.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 76.79% | 5.84% | +70.95% |
Volatility
UXRP vs. GSG - Volatility Comparison
ProShares Ultra XRP ETF (UXRP) has a higher volatility of 24.70% compared to iShares S&P GSCI Commodity-Indexed Trust (GSG) at 8.11%. This indicates that UXRP's price experiences larger fluctuations and is considered to be riskier than GSG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UXRP | GSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.70% | 8.11% | +16.59% |
Volatility (6M)Calculated over the trailing 6-month period | 101.23% | 22.18% | +79.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 142.99% | 24.23% | +118.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 143.51% | 22.86% | +120.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 143.51% | 22.06% | +121.45% |
UXRP vs. GSG - Expense Ratio Comparison
UXRP has a 1.67% expense ratio, which is higher than GSG's 0.75% expense ratio.
Dividends
UXRP vs. GSG - Dividend Comparison
UXRP's dividend yield for the trailing twelve months is around 0.02%, while GSG has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
GSG iShares S&P GSCI Commodity-Indexed Trust | 0.00% | 0.00% |
UXRP ProShares Ultra XRP ETF | 0.02% | 0.00% |
Frequently Asked Questions
UXRP and GSG have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UXRP has higher volatility (24.70%) compared to GSG (8.11%). In terms of maximum drawdown, UXRP dropped -96.60% vs GSG's -89.62%.
On 1-year performance, GSG leads with 42.34% vs -94.69% for UXRP. On fees, GSG is cheaper at 0.75% per year. On volatility, GSG has been the lower-risk option at 8.11%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, GSG has performed better with a 42.34% return vs -94.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GSG is cheaper with a 0.75% expense ratio, compared with 1.67% for UXRP.
UXRP has the higher dividend yield at 0.02%, compared with 0.00% for GSG.
UXRP is categorized as Leveraged Cryptocurrency, while GSG is Commodities. UXRP tracks Bloomberg XRP Index, while GSG tracks S&P GSCI Total Return Index. They also come from different issuers: ProShares and iShares. Their fees differ too: 1.67% for UXRP and 0.75% for GSG.
GSG currently has the higher Sharpe Ratio (1.68 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.
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