XRPI vs. XRP-USD

Last updated Apr 2, 2026

Compare and contrast key facts about Volatility Shares XRP ETF (XRPI) and Ripple (XRP-USD).

XRPI is an actively managed fund by Volatility Shares. It was launched on May 22, 2025.

Performance

XRPI vs. XRP-USD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Volatility Shares XRP ETF (XRPI) and Ripple (XRP-USD). The values are adjusted to include any dividend payments, if applicable.

XRPI vs. XRP-USD - Yearly Performance Comparison

	2026 (YTD)	2025
XRPI Volatility Shares XRP ETF	-27.39%	-32.44%
XRP-USD Ripple	-26.25%	-24.36%

Returns By Period

The year-to-date returns for both investments are quite close, with XRPI having a -27.39% return and XRP-USD slightly higher at -26.25%.

XRPI

• 1D: 0.66%
• 1M: -3.76%
• YTD: -27.39%
• 6M: -56.76%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

XRP-USD

• 1D: 1.22%
• 1M: -2.44%
• YTD: -26.25%
• 6M: -54.02%
• 1Y: -36.59%
• 3Y*: 37.75%
• 5Y*: 17.08%
• 10Y*: —

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

Return for Risk

XRPI vs. XRP-USD — Risk / Return Rank

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

XRP-USD

XRP-USD Risk / Return Rank: 40
XRP-USD Sharpe Ratio Rank: 54
XRP-USD Sortino Ratio Rank: 52
XRP-USD Omega Ratio Rank: 50
XRP-USD Calmar Ratio Rank: 33
XRP-USD Martin Ratio Rank: 9

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.

XRPI vs. XRP-USD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Volatility Shares XRP ETF (XRPI) and Ripple (XRP-USD). 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.

Sharpe Ratios by Period

	XRPI	XRP-USD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.51	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.17	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.70	0.57	-1.28

Correlation

The correlation between XRPI and XRP-USD is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Drawdowns

XRPI vs. XRP-USD - Drawdown Comparison

The maximum XRPI drawdown since its inception was -69.91%, smaller than the maximum XRP-USD drawdown of -95.87%. Use the drawdown chart below to compare losses from any high point for XRPI and XRP-USD.

Drawdown Indicators

	XRPI	XRP-USD	Difference
Max Drawdown Largest peak-to-trough decline	-69.91%	-95.87%	+25.96%
Max Drawdown (1Y) Largest decline over 1 year	—	-65.87%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-83.25%	—
Current Drawdown Current decline from peak	-66.12%	-61.82%	-4.30%
Average Drawdown Average peak-to-trough decline	-34.59%	-71.20%	+36.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	37.60%	—

Volatility

Volatility by Period

	XRPI	XRP-USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	13.04%	—
Volatility (6M) Calculated over the trailing 6-month period	—	53.69%	—
Volatility (1Y) Calculated over the trailing 1-year period	80.56%	59.67%	+20.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	80.56%	81.35%	-0.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	80.56%	112.81%	-32.25%