XRP vs. SETH
XRP (Bitwise XRP ETF) and SETH (ProShares Short Ether Strategy ETF) are both Cryptocurrency funds. XRP is actively managed, while SETH is passively managed. At a correlation of -0.87, they often move in opposite directions. XRP charges 0.34%/yr vs 0.95%/yr for SETH.
Performance
XRP vs. SETH - Performance Comparison
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Returns By Period
In the year-to-date period, XRP achieves a -34.50% return, which is significantly lower than SETH's 40.93% return.
XRP
- 1D
- -1.54%
- 1M
- -14.12%
- YTD
- -34.50%
- 6M
- -45.52%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SETH
- 1D
- 5.62%
- 1M
- 29.74%
- YTD
- 40.93%
- 6M
- 46.51%
- 1Y
- -1.33%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XRP vs. SETH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XRP Bitwise XRP ETF | -34.50% | -8.64% |
SETH ProShares Short Ether Strategy ETF | 40.93% | -8.55% |
Correlation
The correlation between XRP and SETH is -0.87, 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 Nov 21, 2025 | -0.87 |
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Return for Risk
XRP vs. SETH — Risk / Return Rank
XRP
SETH
XRP vs. SETH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitwise XRP ETF (XRP) and ProShares Short Ether Strategy ETF (SETH). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| XRP | SETH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -0.02 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.83 | -0.45 | -0.39 |
Drawdowns
XRP vs. SETH - Drawdown Comparison
The maximum XRP drawdown since its inception was -48.71%, smaller than the maximum SETH drawdown of -80.74%. Use the drawdown chart below to compare losses from any high point for XRP and SETH.
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Drawdown Indicators
| XRP | SETH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.71% | -80.74% | +32.03% |
Max Drawdown (1Y)Largest decline over 1 year | — | -56.01% | — |
Current DrawdownCurrent decline from peak | -48.21% | -61.29% | +13.08% |
Average DrawdownAverage peak-to-trough decline | -29.70% | -54.79% | +25.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 35.77% | — |
Volatility
XRP vs. SETH - Volatility Comparison
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Volatility by Period
| XRP | SETH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 9.81% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 46.07% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 75.13% | 68.54% | +6.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 75.13% | 69.53% | +5.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 75.13% | 69.53% | +5.60% |
XRP vs. SETH - Expense Ratio Comparison
XRP has a 0.34% expense ratio, which is lower than SETH's 0.95% expense ratio.
Dividends
XRP vs. SETH - Dividend Comparison
XRP has not paid dividends to shareholders, while SETH's dividend yield for the trailing twelve months is around 10.91%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
SETH ProShares Short Ether Strategy ETF | 10.91% | 7.01% | 3.44% | 0.38% |
XRP Bitwise XRP ETF | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XRP and SETH 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.
On fees, XRP is cheaper at 0.34% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XRP is cheaper with a 0.34% expense ratio, compared with 0.95% for SETH.
SETH has the higher dividend yield at 10.91%, compared with 0.00% for XRP.
They also come from different issuers: Bitwise and ProShares. Their fees differ too: 0.34% for XRP and 0.95% for SETH.
Find the right allocation for XRP and SETH
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