XRP vs. SETH
Compare and contrast key facts about Bitwise XRP ETF (XRP) and ProShares Short Ether Strategy ETF (SETH).
XRP and SETH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XRP is an actively managed fund by Bitwise. It was launched on Nov 19, 2025. SETH is a passively managed fund by ProShares that tracks the performance of the Bloomberg Galaxy Ethereum (--100%). It was launched on Nov 1, 2023.
Performance
XRP vs. SETH - Performance Comparison
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XRP vs. SETH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XRP Bitwise XRP ETF | -26.75% | -8.64% |
SETH ProShares Short Ether Strategy ETF | 23.38% | -8.55% |
Returns By Period
In the year-to-date period, XRP achieves a -26.75% return, which is significantly lower than SETH's 23.38% return.
XRP
- 1D
- 1.76%
- 1M
- -0.86%
- YTD
- -26.75%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SETH
- 1D
- -3.61%
- 1M
- -11.44%
- YTD
- 23.38%
- 6M
- 54.25%
- 1Y
- -46.76%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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XRP vs. SETH - Expense Ratio Comparison
XRP has a 0.34% expense ratio, which is lower than SETH's 0.95% expense ratio.
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 | — | -0.62 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.79 | -0.51 | -0.27 |
Correlation
The correlation between XRP and SETH is -0.89. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
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 11.08%.
| TTM | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XRP Bitwise XRP ETF | 0.00% | 0.00% | 0.00% | 0.00% |
SETH ProShares Short Ether Strategy ETF | 11.08% | 7.01% | 3.44% | 0.38% |
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 | — | -75.02% | — |
Current DrawdownCurrent decline from peak | -42.08% | -66.11% | +24.03% |
Average DrawdownAverage peak-to-trough decline | -24.29% | -53.81% | +29.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 58.90% | — |
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 | — | 20.05% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 53.23% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 87.42% | 76.10% | +11.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 87.42% | 71.19% | +16.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 87.42% | 71.19% | +16.23% |