XRPI vs. XRPT

Last updated Jun 24, 2026

XRPI (Volatility Shares XRP ETF) and XRPT (Volatility Shares 2x XRP ETF) are both Cryptocurrency funds from Volatility Shares. Both are actively managed. Over the past year, XRPI returned -53.11% vs -88.20% for XRPT. With a 1.00 correlation, they move nearly in lockstep. Both charge a 0.94% expense ratio.

Performance

XRPI vs. XRPT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Volatility Shares XRP ETF (XRPI) and Volatility Shares 2x XRP ETF (XRPT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XRPI achieves a -41.83% return, which is significantly higher than XRPT's -74.98% return.

XRPI

• 1D: -2.88%
• 1M: -18.36%
• YTD: -41.83%
• 6M: -43.53%
• 1Y: -53.11%
• 3Y*: —
• 5Y*: —
• 10Y*: —

XRPT

• 1D: -5.55%
• 1M: -35.52%
• YTD: -74.98%
• 6M: -76.50%
• 1Y: -88.20%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XRPI vs. XRPT - Yearly Performance Comparison

	2026 (YTD)	2025
XRPI Volatility Shares XRP ETF	-41.83%	-32.74%
XRPT Volatility Shares 2x XRP ETF	-74.98%	-67.94%

Correlation

The correlation between XRPI and XRPT is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (All Time) Calculated using the full available price history since May 22, 2025	1.00

The correlation between XRPI and XRPT has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.

Return for Risk

XRPI vs. XRPT — Risk / Return Rank

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

XRPI

XRPI Risk / Return Rank: 4
XRPI Sharpe Ratio Rank: 4
XRPI Sortino Ratio Rank: 4
XRPI Omega Ratio Rank: 4
XRPI Calmar Ratio Rank: 3
XRPI Martin Ratio Rank: 4

XRPT

XRPT Risk / Return Rank: 3
XRPT Sharpe Ratio Rank: 4
XRPT Sortino Ratio Rank: 3
XRPT Omega Ratio Rank: 3
XRPT Calmar Ratio Rank: 1
XRPT Martin Ratio Rank: 3

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. XRPT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Volatility Shares XRP ETF (XRPI) and Volatility Shares 2x XRP ETF (XRPT). 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.

	XRPI	XRPT	Difference
Sharpe ratio: Return per unit of total volatility	-0.70	-0.58	-0.11
Sortino ratio: Return per unit of downside risk	-0.92	-0.98	+0.06
Omega ratio: Gain probability vs. loss probability	0.90	0.89	+0.01
Calmar ratio: Return relative to maximum drawdown	-0.73	-0.92	+0.19
Martin ratio: Return relative to average drawdown	-1.09	-1.20	+0.11

XRPI vs. XRPT - Sharpe Ratio Comparison

The current XRPI Sharpe Ratio is -0.70, which is comparable to the XRPT Sharpe Ratio of -0.58. The chart below compares the historical Sharpe Ratios of XRPI and XRPT, 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

XRPI vs. XRPT - Drawdown Comparison

The maximum XRPI drawdown since its inception was -72.86%, smaller than the maximum XRPT drawdown of -95.78%. Use the drawdown chart below to compare losses from any high point for XRPI and XRPT.

Drawdown Indicators

	XRPI	XRPT	Difference
Max Drawdown Largest peak-to-trough decline	-72.86%	-95.78%	+22.92%
Max Drawdown (1Y) Largest decline over 1 year	-72.86%	-95.78%	+22.92%
Current Drawdown Current decline from peak	-72.86%	-95.78%	+22.92%
Average Drawdown Average peak-to-trough decline	-41.18%	-64.33%	+23.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	48.86%	73.37%	-24.51%

Volatility

XRPI vs. XRPT - Volatility Comparison

The current volatility for Volatility Shares XRP ETF (XRPI) is 19.56%, while Volatility Shares 2x XRP ETF (XRPT) has a volatility of 38.71%. This indicates that XRPI experiences smaller price fluctuations and is considered to be less risky than XRPT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XRPI	XRPT	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.56%	38.71%	-19.15%
Volatility (6M) Calculated over the trailing 6-month period	53.11%	108.18%	-55.07%
Volatility (1Y) Calculated over the trailing 1-year period	76.62%	151.81%	-75.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	75.67%	149.97%	-74.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	75.67%	149.97%	-74.30%

XRPI vs. XRPT - Expense Ratio Comparison

Both XRPI and XRPT have an expense ratio of 0.94%.

Dividends

XRPI vs. XRPT - Dividend Comparison

XRPI's dividend yield for the trailing twelve months is around 4.27%, less than XRPT's 6.35% yield.

Position	TTM	2025
XRPI Volatility Shares XRP ETF	4.27%	1.54%
XRPT Volatility Shares 2x XRP ETF	6.35%	1.23%

Frequently Asked Questions

Can I hold both XRPI and XRPT in my portfolio?

With a correlation of 1.00, XRPI and XRPT move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, XRPI or XRPT?

XRPT has higher volatility (38.71%) compared to XRPI (19.56%). In terms of maximum drawdown, XRPI dropped -72.86% vs XRPT's -95.78%.

Which ETF is better, XRPI or XRPT?

On 1-year performance, XRPI leads with -53.11% vs -88.20% for XRPT. Both ETFs have the same 0.94% expense ratio. On volatility, XRPI has been the lower-risk option at 19.56%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XRPI or XRPT?

Over the 1-year period, XRPI has performed better with a -53.11% return vs -88.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XRPI or XRPT?

XRPI and XRPT have the same expense ratio: 0.94% per year.

Which ETF pays a higher dividend yield, XRPI or XRPT?

XRPT has the higher dividend yield at 6.35%, compared with 4.27% for XRPI.

Which has better risk-adjusted returns?

XRPT currently has the higher Sharpe Ratio (-0.58 vs -0.70), 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.