XRPP.TO vs. YTSL.NEO

Last updated Jun 4, 2026

XRPP.TO (Purpose XRP ETF CAD Currency Hedged Units) and YTSL.NEO (Tesla (TSLA) Yield Shares Purpose ETF) are both exchange-traded funds - XRPP.TO is a Cryptocurrency fund actively managed by Purpose Investments, while YTSL.NEO is a Derivative Income fund actively managed by Purpose Investments. Both are actively managed. At a 0.31 correlation, their price movements are largely independent. XRPP.TO charges 1.00%/yr vs 1.65%/yr for YTSL.NEO.

Performance

XRPP.TO vs. YTSL.NEO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Purpose XRP ETF CAD Currency Hedged Units (XRPP.TO) and Tesla (TSLA) Yield Shares Purpose ETF (YTSL.NEO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XRPP.TO achieves a -34.43% return, which is significantly lower than YTSL.NEO's -6.32% return.

XRPP.TO

• 1D: -0.55%
• 1M: -12.92%
• YTD: -34.43%
• 6M: -45.39%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

YTSL.NEO

• 1D: 0.00%
• 1M: 8.30%
• YTD: -6.32%
• 6M: 3.70%
• 1Y: 45.68%
• 3Y*: 29.91%
• 5Y*: —
• 10Y*: —

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

XRPP.TO vs. YTSL.NEO - Yearly Performance Comparison

	2026 (YTD)	2025
XRPP.TO Purpose XRP ETF CAD Currency Hedged Units	-34.43%	-15.95%
YTSL.NEO Tesla (TSLA) Yield Shares Purpose ETF	-6.32%	68.28%

Correlation

The correlation between XRPP.TO and YTSL.NEO is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 19, 2025	0.31

Return for Risk

XRPP.TO vs. YTSL.NEO — Risk / Return Rank

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

YTSL.NEO

YTSL.NEO Risk / Return Rank: 30
YTSL.NEO Sharpe Ratio Rank: 26
YTSL.NEO Sortino Ratio Rank: 26
YTSL.NEO Omega Ratio Rank: 28
YTSL.NEO Calmar Ratio Rank: 37
YTSL.NEO Martin Ratio Rank: 32

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.

XRPP.TO vs. YTSL.NEO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Purpose XRP ETF CAD Currency Hedged Units (XRPP.TO) and Tesla (TSLA) Yield Shares Purpose ETF (YTSL.NEO). 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

	XRPP.TO	YTSL.NEO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.95	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.62	0.58	-1.21

Drawdowns

XRPP.TO vs. YTSL.NEO - Drawdown Comparison

The maximum XRPP.TO drawdown since its inception was -66.98%, which is greater than YTSL.NEO's maximum drawdown of -58.40%. Use the drawdown chart below to compare losses from any high point for XRPP.TO and YTSL.NEO.

Drawdown Indicators

	XRPP.TO	YTSL.NEO	Difference
Max Drawdown Largest peak-to-trough decline	-66.98%	-58.40%	-8.58%
Max Drawdown (1Y) Largest decline over 1 year	—	-24.81%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-58.40%	—
Current Drawdown Current decline from peak	-66.67%	-7.38%	-59.29%
Average Drawdown Average peak-to-trough decline	-38.53%	-20.48%	-18.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	9.71%	—

Volatility

Volatility by Period

	XRPP.TO	YTSL.NEO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	12.74%	—
Volatility (6M) Calculated over the trailing 6-month period	—	29.33%	—
Volatility (1Y) Calculated over the trailing 1-year period	74.60%	48.18%	+26.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	74.60%	61.86%	+12.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	74.60%	61.86%	+12.74%

XRPP.TO vs. YTSL.NEO - Expense Ratio Comparison

XRPP.TO has a 1.00% expense ratio, which is lower than YTSL.NEO's 1.65% expense ratio.

Dividends

XRPP.TO vs. YTSL.NEO - Dividend Comparison

XRPP.TO has not paid dividends to shareholders, while YTSL.NEO's dividend yield for the trailing twelve months is around 45.63%.

Position	TTM	2025	2024	2023	2022
XRPP.TO Purpose XRP ETF CAD Currency Hedged Units	0.00%	0.00%	0.00%	0.00%	0.00%
YTSL.NEO Tesla (TSLA) Yield Shares Purpose ETF	45.63%	36.11%	12.80%	24.07%	1.96%

Frequently Asked Questions

Can I hold both XRPP.TO and YTSL.NEO in my portfolio?

XRPP.TO and YTSL.NEO have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XRPP.TO or YTSL.NEO?

On fees, XRPP.TO is cheaper at 1.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XRPP.TO or YTSL.NEO?

XRPP.TO is cheaper with a 1.00% expense ratio, compared with 1.65% for YTSL.NEO.

What is the main difference between XRPP.TO and YTSL.NEO?

XRPP.TO is categorized as Cryptocurrency, while YTSL.NEO is Derivative Income. Their fees differ too: 1.00% for XRPP.TO and 1.65% for YTSL.NEO.