XRPT vs. CSHP
XRPT (Volatility Shares 2x XRP ETF) and CSHP (iShares Enhanced Short-Term Bond Active ETF) are both exchange-traded funds - XRPT is a Cryptocurrency fund actively managed by Volatility Shares, while CSHP is a Ultrashort Bond fund actively managed by iShares. Both are actively managed. Over the past year, XRPT returned -88.20% vs 3.94% for CSHP. At a correlation of -0.06, they often move in opposite directions. XRPT charges 0.94%/yr vs 0.20%/yr for CSHP.
Performance
XRPT vs. CSHP - Performance Comparison
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Returns By Period
In the year-to-date period, XRPT achieves a -74.98% return, which is significantly lower than CSHP's 1.83% return.
XRPT
- 1D
- -5.55%
- 1M
- -35.52%
- YTD
- -74.98%
- 6M
- -76.50%
- 1Y
- -88.20%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CSHP
- 1D
- -0.03%
- 1M
- 0.27%
- YTD
- 1.83%
- 6M
- 1.92%
- 1Y
- 3.94%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XRPT vs. CSHP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XRPT Volatility Shares 2x XRP ETF | -74.98% | -67.94% |
CSHP iShares Enhanced Short-Term Bond Active ETF | 1.83% | 2.45% |
Correlation
The correlation between XRPT and CSHP is -0.05, 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 (1Y) Calculated over the trailing 1-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since May 22, 2025 | -0.06 |
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Return for Risk
XRPT vs. CSHP — Risk / Return Rank
XRPT
CSHP
XRPT vs. CSHP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Volatility Shares 2x XRP ETF (XRPT) and iShares Enhanced Short-Term Bond Active ETF (CSHP). 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.
| XRPT | CSHP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -11.67 | ||
| Sortino ratioReturn per unit of downside risk | -28.58 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 6.46 | -5.56 |
| Calmar ratioReturn relative to maximum drawdown | -0.92 | 65.45 | -66.37 |
| Martin ratioReturn relative to average drawdown | -1.20 | 381.67 | -382.87 |
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Drawdowns
XRPT vs. CSHP - Drawdown Comparison
The maximum XRPT drawdown since its inception was -95.78%, which is greater than CSHP's maximum drawdown of -0.08%. Use the drawdown chart below to compare losses from any high point for XRPT and CSHP.
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Drawdown Indicators
| XRPT | CSHP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.78% | -0.08% | -95.70% |
Max Drawdown (1Y)Largest decline over 1 year | -95.78% | -0.06% | -95.72% |
Current DrawdownCurrent decline from peak | -95.78% | -0.04% | -95.74% |
Average DrawdownAverage peak-to-trough decline | -64.33% | -0.00% | -64.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 73.37% | 0.01% | +73.36% |
Volatility
XRPT vs. CSHP - Volatility Comparison
Volatility Shares 2x XRP ETF (XRPT) has a higher volatility of 38.71% compared to iShares Enhanced Short-Term Bond Active ETF (CSHP) at 0.16%. This indicates that XRPT's price experiences larger fluctuations and is considered to be riskier than CSHP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XRPT | CSHP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 38.71% | 0.16% | +38.55% |
Volatility (6M)Calculated over the trailing 6-month period | 108.18% | 0.27% | +107.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 151.81% | 0.36% | +151.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 149.97% | 0.41% | +149.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 149.97% | 0.41% | +149.56% |
XRPT vs. CSHP - Expense Ratio Comparison
XRPT has a 0.94% expense ratio, which is higher than CSHP's 0.20% expense ratio.
Dividends
XRPT vs. CSHP - Dividend Comparison
XRPT's dividend yield for the trailing twelve months is around 6.35%, more than CSHP's 3.91% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
CSHP iShares Enhanced Short-Term Bond Active ETF | 3.91% | 5.39% | 1.96% |
XRPT Volatility Shares 2x XRP ETF | 6.35% | 1.23% | 0.00% |
Frequently Asked Questions
XRPT and CSHP have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XRPT has higher volatility (38.71%) compared to CSHP (0.16%). In terms of maximum drawdown, XRPT dropped -95.78% vs CSHP's -0.08%.
On 1-year performance, CSHP leads with 3.94% vs -88.20% for XRPT. On fees, CSHP is cheaper at 0.20% per year. On volatility, CSHP has been the lower-risk option at 0.16%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, CSHP has performed better with a 3.94% return vs -88.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CSHP is cheaper with a 0.20% expense ratio, compared with 0.94% for XRPT.
XRPT has the higher dividend yield at 6.35%, compared with 3.91% for CSHP.
XRPT is categorized as Cryptocurrency, while CSHP is Ultrashort Bond. They also come from different issuers: Volatility Shares and iShares. Their fees differ too: 0.94% for XRPT and 0.20% for CSHP.
CSHP currently has the higher Sharpe Ratio (11.09 vs -0.58), 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.
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