XRPR vs. FMNY
XRPR (REX-Osprey XRP ETF) and FMNY (First Trust New York High Income Municipal ETF) are both exchange-traded funds - XRPR is a fund fund actively managed by REX, while FMNY is a Municipal Bonds fund actively managed by First Trust. Both are actively managed. At a 0.01 correlation, their price movements are largely independent. XRPR charges 0.75%/yr vs 0.65%/yr for FMNY.
Performance
XRPR vs. FMNY - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XRPR achieves a -37.98% return, which is significantly lower than FMNY's 2.09% return.
XRPR
- 1D
- -1.06%
- 1M
- -15.16%
- YTD
- -37.98%
- 6M
- -40.37%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FMNY
- 1D
- -0.06%
- 1M
- 1.34%
- YTD
- 2.09%
- 6M
- 2.24%
- 1Y
- 7.10%
- 3Y*
- 3.86%
- 5Y*
- 0.63%
- 10Y*
- —
XRPR vs. FMNY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XRPR REX-Osprey XRP ETF | -37.98% | -41.98% |
FMNY First Trust New York High Income Municipal ETF | 2.09% | 1.28% |
Correlation
The correlation between XRPR and FMNY is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 18, 2025 | 0.01 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XRPR vs. FMNY — Risk / Return Rank
XRPR
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FMNY
XRPR vs. FMNY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for REX-Osprey XRP ETF (XRPR) and First Trust New York High Income Municipal ETF (FMNY). 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.
| XRPR | FMNY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.46 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.52 | — |
| Martin ratioReturn relative to average drawdown | — | 8.07 | — |
Loading charts...
Drawdowns
XRPR vs. FMNY - Drawdown Comparison
The maximum XRPR drawdown since its inception was -65.15%, which is greater than FMNY's maximum drawdown of -15.90%. Use the drawdown chart below to compare losses from any high point for XRPR and FMNY.
Loading charts...
Drawdown Indicators
| XRPR | FMNY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.15% | -15.90% | -49.25% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.83% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -5.88% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.90% | — |
Current DrawdownCurrent decline from peak | -64.02% | -0.50% | -63.52% |
Average DrawdownAverage peak-to-trough decline | -42.15% | -5.64% | -36.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.88% | — |
Volatility
XRPR vs. FMNY - Volatility Comparison
Loading charts...
Volatility by Period
| XRPR | FMNY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.54% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.35% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 78.25% | 3.26% | +74.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 78.25% | 4.00% | +74.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 78.25% | 3.97% | +74.28% |
XRPR vs. FMNY - Expense Ratio Comparison
XRPR has a 0.75% expense ratio, which is higher than FMNY's 0.65% expense ratio.
Dividends
XRPR vs. FMNY - Dividend Comparison
XRPR has not paid dividends to shareholders, while FMNY's dividend yield for the trailing twelve months is around 3.68%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
FMNY First Trust New York High Income Municipal ETF | 3.68% | 3.64% | 3.56% | 3.25% | 2.34% | 0.72% |
XRPR REX-Osprey XRP ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XRPR and FMNY have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FMNY is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FMNY is cheaper with a 0.65% expense ratio, compared with 0.75% for XRPR.
FMNY has the higher dividend yield at 3.68%, compared with 0.00% for XRPR.
They also come from different issuers: REX and First Trust. Their fees differ too: 0.75% for XRPR and 0.65% for FMNY.
Find the right allocation for XRPR and FMNY
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer