XRPR vs. ULTI

Last updated Aug 1, 2026

XRPR (REX-Osprey XRP ETF) and ULTI (REX IncomeMax Option Strategy ETF) are both exchange-traded funds - XRPR is a Cryptocurrency fund tracking the XRP, while ULTI is a Derivative Income fund actively managed by REX Shares. XRPR is passively managed, while ULTI is actively managed. Their 0.48 correlation means their historical movements had little consistent relationship. XRPR charges 0.75%/yr vs 1.25%/yr for ULTI.

Performance

XRPR vs. ULTI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in REX-Osprey XRP ETF (XRPR) and REX IncomeMax Option Strategy ETF (ULTI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XRPR achieves a -42.06% return, which is significantly lower than ULTI's -19.45% return.

XRPR

• 1D: -2.47%
• 1M: -2.58%
• 6M: -39.04%
• YTD: -42.06%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

ULTI

• 1D: -1.65%
• 1M: -25.27%
• 6M: -29.49%
• YTD: -19.45%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ULTI REX IncomeMax Option Strategy ETF	$665.44K	$808.69K	$1.16M
XRPR REX-Osprey XRP ETF	$159.08K	$159.59K	$242.33K

XRPR vs. ULTI - Yearly Performance Comparison

	2026 (YTD)	2025
XRPR REX-Osprey XRP ETF	-42.06%	-23.61%
ULTI REX IncomeMax Option Strategy ETF	-19.45%	-38.67%

Correlation

The correlation between XRPR and ULTI is 0.48, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 31, 2025	0.48

Return for Risk

XRPR vs. ULTI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for REX-Osprey XRP ETF (XRPR) and REX IncomeMax Option Strategy ETF (ULTI). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

XRPR vs. ULTI - Drawdown Comparison

The maximum XRPR drawdown since its inception was -67.27%, which is greater than ULTI's maximum drawdown of -54.23%. Use the drawdown chart below to compare losses from any high point for XRPR and ULTI.

Drawdown Indicators

	XRPR	ULTI	Difference
Max Drawdown Largest peak-to-trough decline	-67.27%	-54.23%	-13.04%
Current Drawdown Current decline from peak	-66.38%	-50.60%	-15.78%
Average Drawdown Average peak-to-trough decline	-45.14%	-29.66%	-15.48%

Volatility

Volatility by Period

	XRPR	ULTI	Difference
Volatility (1Y) Calculated over the trailing 1-year period	74.44%	61.51%	+12.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	74.44%	61.51%	+12.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	74.44%	61.51%	+12.93%

XRPR vs. ULTI - Expense Ratio Comparison

XRPR has a 0.75% expense ratio, which is lower than ULTI's 1.25% expense ratio.

Dividends

XRPR vs. ULTI - Dividend Comparison

XRPR has not paid dividends to shareholders, while ULTI's dividend yield for the trailing twelve months is around 103.15%.

Position	TTM	2025
ULTI REX IncomeMax Option Strategy ETF	103.15%	14.96%
XRPR REX-Osprey XRP ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both XRPR and ULTI in my portfolio?

XRPR and ULTI have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XRPR or ULTI?

On fees, XRPR is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XRPR or ULTI?

XRPR is cheaper with a 0.75% expense ratio, compared with 1.25% for ULTI.

Which ETF pays a higher dividend yield, XRPR or ULTI?

ULTI has the higher dividend yield at 103.15%, compared with 0.00% for XRPR.

What is the main difference between XRPR and ULTI?

XRPR is categorized as Cryptocurrency, while ULTI is Derivative Income. Their fees differ too: 0.75% for XRPR and 1.25% for ULTI.