XRPT vs. UVIX

Last updated Apr 1, 2026

Compare and contrast key facts about Volatility Shares 2x XRP ETF (XRPT) and Volatility Shares 2x Long VIX Futures ETF (UVIX).

XRPT and UVIX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XRPT is an actively managed fund by Volatility Shares. It was launched on May 22, 2025. UVIX is a passively managed fund by Volatility Shares that tracks the performance of the Long VIX Futures Index – Benchmark TR Gross (200%). It was launched on Mar 28, 2022.

Performance

XRPT vs. UVIX - Performance Comparison

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

XRPT vs. UVIX - Yearly Performance Comparison

	2026 (YTD)	2025
XRPT Volatility Shares 2x XRP ETF	-59.04%	-67.83%
UVIX Volatility Shares 2x Long VIX Futures ETF	51.66%	-81.73%

Returns By Period

In the year-to-date period, XRPT achieves a -59.04% return, which is significantly lower than UVIX's 51.66% return.

XRPT

• 1D: 2.88%
• 1M: -5.69%
• YTD: -59.04%
• 6M: -86.93%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

UVIX

• 1D: -18.99%
• 1M: 37.90%
• YTD: 51.66%
• 6M: -12.79%
• 1Y: -76.74%
• 3Y*: -82.44%
• 5Y*: —
• 10Y*: —

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

XRPT vs. UVIX - Expense Ratio Comparison

XRPT has a 0.94% expense ratio, which is lower than UVIX's 2.78% expense ratio.

UVIX

Volatility Shares 2x Long VIX Futures ETF

XRPT

Volatility Shares 2x XRP ETF

Return for Risk

XRPT vs. UVIX — Risk / Return Rank

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

UVIX

UVIX Risk / Return Rank: 4
UVIX Sharpe Ratio Rank: 4
UVIX Sortino Ratio Rank: 6
UVIX Omega Ratio Rank: 6
UVIX Calmar Ratio Rank: 1
UVIX 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. UVIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Volatility Shares 2x XRP ETF (XRPT) and Volatility Shares 2x Long VIX Futures ETF (UVIX). 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.

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

Sharpe Ratios by Period

	XRPT	UVIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.51	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.57	-0.59	+0.02

Correlation

The correlation between XRPT and UVIX is -0.42. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

XRPT vs. UVIX - Dividend Comparison

XRPT's dividend yield for the trailing twelve months is around 3.57%, while UVIX has not paid dividends to shareholders.

	TTM	2025
XRPT Volatility Shares 2x XRP ETF	3.57%	1.23%
UVIX Volatility Shares 2x Long VIX Futures ETF	0.00%	0.00%

Drawdowns

XRPT vs. UVIX - Drawdown Comparison

The maximum XRPT drawdown since its inception was -93.94%, smaller than the maximum UVIX drawdown of -99.96%. Use the drawdown chart below to compare losses from any high point for XRPT and UVIX.

Drawdown Indicators

	XRPT	UVIX	Difference
Max Drawdown Largest peak-to-trough decline	-93.94%	-99.96%	+6.02%
Max Drawdown (1Y) Largest decline over 1 year	—	-94.23%	—
Current Drawdown Current decline from peak	-93.09%	-99.93%	+6.84%
Average Drawdown Average peak-to-trough decline	-56.84%	-88.02%	+31.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	82.45%	—

Volatility

Volatility by Period

	XRPT	UVIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	59.07%	—
Volatility (6M) Calculated over the trailing 6-month period	—	94.37%	—
Volatility (1Y) Calculated over the trailing 1-year period	159.80%	149.63%	+10.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	159.80%	138.22%	+21.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	159.80%	138.22%	+21.58%