XRPT vs. UXRP

Last updated Jun 25, 2026

XRPT (Volatility Shares 2x XRP ETF) and UXRP (ProShares Ultra XRP ETF) are both exchange-traded funds - XRPT is a Cryptocurrency fund actively managed by Volatility Shares, while UXRP is a Leveraged Cryptocurrency fund tracking the Bloomberg XRP Index. XRPT is actively managed, while UXRP is passively managed. With a 1.00 correlation, they move nearly in lockstep. XRPT charges 0.94%/yr vs 1.67%/yr for UXRP.

Performance

XRPT vs. UXRP - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with XRPT having a -77.14% return and UXRP slightly lower at -77.50%.

XRPT

• 1D: -8.65%
• 1M: -41.09%
• YTD: -77.14%
• 6M: -77.64%
• 1Y: -90.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —

UXRP

• 1D: -8.78%
• 1M: -40.99%
• YTD: -77.50%
• 6M: -78.06%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XRPT vs. UXRP - Yearly Performance Comparison

	2026 (YTD)	2025
XRPT Volatility Shares 2x XRP ETF	-77.14%	-75.42%
UXRP ProShares Ultra XRP ETF	-77.50%	-77.43%

Correlation

The correlation between XRPT and UXRP is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 15, 2025	1.00

Return for Risk

XRPT vs. UXRP — 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

UXRP

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

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. UXRP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Volatility Shares 2x XRP ETF (XRPT) and ProShares Ultra XRP ETF (UXRP). 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	UXRP	Difference
Sharpe ratio: Return per unit of total volatility	-0.60	—	—
Sortino ratio: Return per unit of downside risk	-1.21	—	—
Omega ratio: Gain probability vs. loss probability	0.87	—	—
Calmar ratio: Return relative to maximum drawdown	-0.94	—	—
Martin ratio: Return relative to average drawdown	-1.23	—	—

Drawdowns

XRPT vs. UXRP - Drawdown Comparison

The maximum XRPT drawdown since its inception was -96.15%, roughly equal to the maximum UXRP drawdown of -96.43%. Use the drawdown chart below to compare losses from any high point for XRPT and UXRP.

Drawdown Indicators

	XRPT	UXRP	Difference
Max Drawdown Largest peak-to-trough decline	-96.15%	-96.43%	+0.28%
Max Drawdown (1Y) Largest decline over 1 year	-96.15%	—	—
Current Drawdown Current decline from peak	-96.15%	-96.43%	+0.28%
Average Drawdown Average peak-to-trough decline	-64.45%	-72.65%	+8.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	73.62%	—	—

Volatility

Volatility by Period

	XRPT	UXRP	Difference
Volatility (1M) Calculated over the trailing 1-month period	39.09%	—	—
Volatility (6M) Calculated over the trailing 6-month period	107.79%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	151.88%	148.68%	+3.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	149.90%	148.68%	+1.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	149.90%	148.68%	+1.22%

XRPT vs. UXRP - Expense Ratio Comparison

XRPT has a 0.94% expense ratio, which is lower than UXRP's 1.67% expense ratio.

Dividends

XRPT vs. UXRP - Dividend Comparison

XRPT's dividend yield for the trailing twelve months is around 6.95%, more than UXRP's 0.02% yield.

Position	TTM	2025
UXRP ProShares Ultra XRP ETF	0.02%	0.00%
XRPT Volatility Shares 2x XRP ETF	6.95%	1.23%

Frequently Asked Questions

Can I hold both XRPT and UXRP in my portfolio?

With a correlation of 1.00, XRPT and UXRP move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, XRPT or UXRP?

On fees, XRPT is cheaper at 0.94% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XRPT or UXRP?

XRPT is cheaper with a 0.94% expense ratio, compared with 1.67% for UXRP.

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

XRPT has the higher dividend yield at 6.95%, compared with 0.02% for UXRP.

What is the main difference between XRPT and UXRP?

XRPT is categorized as Cryptocurrency, while UXRP is Leveraged Cryptocurrency. They also come from different issuers: Volatility Shares and ProShares. Their fees differ too: 0.94% for XRPT and 1.67% for UXRP.