XRPT vs. ETH

Last updated Jun 5, 2026

XRPT (Volatility Shares 2x XRP ETF) and ETH (Grayscale Ethereum Staking Mini ETF) are both Cryptocurrency funds. Both are actively managed. Over the past year, XRPT returned -88.46% vs -31.82% for ETH. Their correlation of 0.84 suggests significant overlap in exposure. XRPT charges 0.94%/yr vs 0.15%/yr for ETH.

Performance

XRPT vs. ETH - Performance Comparison

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

Returns By Period

In the year-to-date period, XRPT achieves a -70.47% return, which is significantly lower than ETH's -39.91% return.

XRPT

• 1D: -4.67%
• 1M: -33.40%
• YTD: -70.47%
• 6M: -78.42%
• 1Y: -88.46%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ETH

• 1D: -1.58%
• 1M: -25.17%
• YTD: -39.91%
• 6M: -43.14%
• 1Y: -31.82%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XRPT vs. ETH - Yearly Performance Comparison

	2026 (YTD)	2025
XRPT Volatility Shares 2x XRP ETF	-70.47%	-67.83%
ETH Grayscale Ethereum Staking Mini ETF	-39.91%	12.96%

Correlation

The correlation between XRPT and ETH is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.85
Correlation (All Time) Calculated using the full available price history since May 23, 2025	0.84

The correlation between XRPT and ETH has been stable across timeframes, ranging from 0.84 to 0.85 - a consistent structural relationship.

Return for Risk

XRPT vs. ETH — Risk / Return Rank

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

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

ETH

ETH Risk / Return Rank: 5
ETH Sharpe Ratio Rank: 5
ETH Sortino Ratio Rank: 6
ETH Omega Ratio Rank: 6
ETH Calmar Ratio Rank: 5
ETH Martin Ratio Rank: 5

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.

XRPT vs. ETH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Volatility Shares 2x XRP ETF (XRPT) and Grayscale Ethereum Staking Mini ETF (ETH). 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.

	XRPT	ETH	Difference
Sharpe ratio: Return per unit of total volatility	-0.59	-0.47	-0.12
Sortino ratio: Return per unit of downside risk	-1.02	-0.32	-0.70
Omega ratio: Gain probability vs. loss probability	0.89	0.96	-0.08
Calmar ratio: Return relative to maximum drawdown	-0.93	-0.51	-0.43
Martin ratio: Return relative to average drawdown	-1.25	-0.85	-0.41
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XRPT vs. ETH - Sharpe Ratio Comparison

The current XRPT Sharpe Ratio is -0.59, which is comparable to the ETH Sharpe Ratio of -0.47. The chart below compares the historical Sharpe Ratios of XRPT and ETH, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XRPT	ETH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.59	-0.47	-0.12
Sharpe Ratio (All Time) Calculated using the full available price history	-0.60	-0.42	-0.19

Drawdowns

XRPT vs. ETH - Drawdown Comparison

The maximum XRPT drawdown since its inception was -95.02%, which is greater than ETH's maximum drawdown of -64.01%. Use the drawdown chart below to compare losses from any high point for XRPT and ETH.

Drawdown Indicators

	XRPT	ETH	Difference
Max Drawdown Largest peak-to-trough decline	-95.02%	-64.01%	-31.01%
Max Drawdown (1Y) Largest decline over 1 year	-95.02%	-62.99%	-32.03%
Current Drawdown Current decline from peak	-95.02%	-62.99%	-32.03%
Average Drawdown Average peak-to-trough decline	-63.11%	-32.64%	-30.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	70.46%	37.71%	+32.75%

Volatility

XRPT vs. ETH - Volatility Comparison

Volatility Shares 2x XRP ETF (XRPT) has a higher volatility of 27.84% compared to Grayscale Ethereum Staking Mini ETF (ETH) at 9.68%. This indicates that XRPT's price experiences larger fluctuations and is considered to be riskier than ETH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XRPT	ETH	Difference
Volatility (1M) Calculated over the trailing 1-month period	27.84%	9.68%	+18.16%
Volatility (6M) Calculated over the trailing 6-month period	104.32%	45.30%	+59.02%
Volatility (1Y) Calculated over the trailing 1-year period	150.33%	68.25%	+82.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	149.19%	72.19%	+77.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	149.19%	72.19%	+77.00%

XRPT vs. ETH - Expense Ratio Comparison

XRPT has a 0.94% expense ratio, which is higher than ETH's 0.15% expense ratio.

Dividends

XRPT vs. ETH - Dividend Comparison

XRPT's dividend yield for the trailing twelve months is around 5.26%, while ETH has not paid dividends to shareholders.

Position	TTM	2025
ETH Grayscale Ethereum Staking Mini ETF	0.00%	0.00%
XRPT Volatility Shares 2x XRP ETF	5.26%	1.23%

Frequently Asked Questions

Can I hold both XRPT and ETH in my portfolio?

XRPT and ETH have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XRPT or ETH?

XRPT has higher volatility (27.84%) compared to ETH (9.68%). In terms of maximum drawdown, XRPT dropped -95.02% vs ETH's -64.01%.

Which ETF is better, XRPT or ETH?

On 1-year performance, ETH leads with -31.82% vs -88.46% for XRPT. On fees, ETH is cheaper at 0.15% per year. On volatility, ETH has been the lower-risk option at 9.68%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XRPT or ETH?

Over the 1-year period, ETH has performed better with a -31.82% return vs -88.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XRPT or ETH?

ETH is cheaper with a 0.15% expense ratio, compared with 0.94% for XRPT.

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

XRPT has the higher dividend yield at 5.26%, compared with 0.00% for ETH.

What is the main difference between XRPT and ETH?

They also come from different issuers: Volatility Shares and Grayscale. Their fees differ too: 0.94% for XRPT and 0.15% for ETH.

Which has better risk-adjusted returns?

ETH currently has the higher Sharpe Ratio (-0.47 vs -0.59), 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.