XRPT vs. SOLZ

Last updated Jun 26, 2026

XRPT (Volatility Shares 2x XRP ETF) and SOLZ (Solana ETF) are both Cryptocurrency funds from Volatility Shares. Both are actively managed. Over the past year, XRPT returned -90.97% vs -58.31% for SOLZ. Their correlation of 0.88 suggests significant overlap in exposure. XRPT charges 0.94%/yr vs 0.95%/yr for SOLZ.

Performance

XRPT vs. SOLZ - Performance Comparison

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

Returns By Period

In the year-to-date period, XRPT achieves a -78.22% return, which is significantly lower than SOLZ's -47.60% return.

XRPT

• 1D: -4.69%
• 1M: -43.22%
• YTD: -78.22%
• 6M: -78.69%
• 1Y: -90.97%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SOLZ

• 1D: -0.10%
• 1M: -21.19%
• YTD: -47.60%
• 6M: -46.61%
• 1Y: -58.31%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XRPT vs. SOLZ - Yearly Performance Comparison

	2026 (YTD)	2025
XRPT Volatility Shares 2x XRP ETF	-78.22%	-67.94%
SOLZ Solana ETF	-47.60%	-33.59%

Correlation

The correlation between XRPT and SOLZ is 0.88, 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	0.88
Correlation (All Time) Calculated using the full available price history since May 22, 2025	0.88

The correlation between XRPT and SOLZ has been stable across timeframes, ranging from 0.88 to 0.88 - a consistent structural relationship.

Return for Risk

XRPT vs. SOLZ — 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: 5
XRPT Sortino Ratio Rank: 3
XRPT Omega Ratio Rank: 3
XRPT Calmar Ratio Rank: 1
XRPT Martin Ratio Rank: 4

SOLZ

SOLZ Risk / Return Rank: 3
SOLZ Sharpe Ratio Rank: 3
SOLZ Sortino Ratio Rank: 3
SOLZ Omega Ratio Rank: 4
SOLZ Calmar Ratio Rank: 3
SOLZ Martin Ratio Rank: 4

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. SOLZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Volatility Shares 2x XRP ETF (XRPT) and Solana ETF (SOLZ). 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	SOLZ	Difference
Sharpe ratio: Return per unit of total volatility	-0.60	-0.78	+0.18
Sortino ratio: Return per unit of downside risk	-1.24	-1.12	-0.13
Omega ratio: Gain probability vs. loss probability	0.87	0.88	-0.01
Calmar ratio: Return relative to maximum drawdown	-0.95	-0.77	-0.17
Martin ratio: Return relative to average drawdown	-1.23	-1.18	-0.05

XRPT vs. SOLZ - Sharpe Ratio Comparison

The current XRPT Sharpe Ratio is -0.60, which is comparable to the SOLZ Sharpe Ratio of -0.78. The chart below compares the historical Sharpe Ratios of XRPT and SOLZ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

XRPT vs. SOLZ - Drawdown Comparison

The maximum XRPT drawdown since its inception was -96.33%, which is greater than SOLZ's maximum drawdown of -75.68%. Use the drawdown chart below to compare losses from any high point for XRPT and SOLZ.

Drawdown Indicators

	XRPT	SOLZ	Difference
Max Drawdown Largest peak-to-trough decline	-96.33%	-75.68%	-20.65%
Max Drawdown (1Y) Largest decline over 1 year	-96.33%	-75.68%	-20.65%
Current Drawdown Current decline from peak	-96.33%	-74.68%	-21.65%
Average Drawdown Average peak-to-trough decline	-64.56%	-35.88%	-28.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	73.87%	49.34%	+24.53%

Volatility

XRPT vs. SOLZ - Volatility Comparison

Volatility Shares 2x XRP ETF (XRPT) has a higher volatility of 39.13% compared to Solana ETF (SOLZ) at 22.40%. This indicates that XRPT's price experiences larger fluctuations and is considered to be riskier than SOLZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XRPT	SOLZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	39.13%	22.40%	+16.73%
Volatility (6M) Calculated over the trailing 6-month period	107.84%	51.35%	+56.49%
Volatility (1Y) Calculated over the trailing 1-year period	151.16%	74.70%	+76.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	149.68%	76.44%	+73.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	149.68%	76.44%	+73.24%

XRPT vs. SOLZ - Expense Ratio Comparison

XRPT has a 0.94% expense ratio, which is lower than SOLZ's 0.95% expense ratio.

Dividends

XRPT vs. SOLZ - Dividend Comparison

XRPT's dividend yield for the trailing twelve months is around 7.29%, more than SOLZ's 4.48% yield.

Position	TTM	2025
SOLZ Solana ETF	4.48%	1.75%
XRPT Volatility Shares 2x XRP ETF	7.29%	1.23%

Frequently Asked Questions

Can I hold both XRPT and SOLZ in my portfolio?

XRPT and SOLZ have a correlation of 0.88, 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 SOLZ?

XRPT has higher volatility (39.13%) compared to SOLZ (22.40%). In terms of maximum drawdown, XRPT dropped -96.33% vs SOLZ's -75.68%.

Which ETF is better, XRPT or SOLZ?

On 1-year performance, SOLZ leads with -58.31% vs -90.97% for XRPT. On fees, XRPT is cheaper at 0.94% per year. On volatility, SOLZ has been the lower-risk option at 22.40%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XRPT or SOLZ?

Over the 1-year period, SOLZ has performed better with a -58.31% return vs -90.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XRPT or SOLZ?

XRPT is cheaper with a 0.94% expense ratio, compared with 0.95% for SOLZ.

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

XRPT has the higher dividend yield at 7.29%, compared with 4.48% for SOLZ.

What is the main difference between XRPT and SOLZ?

Their fees differ too: 0.94% for XRPT and 0.95% for SOLZ.

Which has better risk-adjusted returns?

XRPT currently has the higher Sharpe Ratio (-0.60 vs -0.78), 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.