XRPT vs. WGMI

Last updated Jun 25, 2026

XRPT (Volatility Shares 2x XRP ETF) and WGMI (Valkyrie Bitcoin Miners ETF) are both Cryptocurrency funds. Both are actively managed. Over the past year, XRPT returned -90.61% vs 243.77% for WGMI. At a 0.47 correlation, their price movements are largely independent. XRPT charges 0.94%/yr vs 0.75%/yr for WGMI.

Performance

XRPT vs. WGMI - Performance Comparison

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

Returns By Period

In the year-to-date period, XRPT achieves a -77.14% return, which is significantly lower than WGMI's 74.44% return.

XRPT

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

WGMI

• 1D: -5.95%
• 1M: 7.80%
• YTD: 74.44%
• 6M: 59.67%
• 1Y: 243.77%
• 3Y*: 72.93%
• 5Y*: —
• 10Y*: —

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

XRPT vs. WGMI - Yearly Performance Comparison

	2026 (YTD)	2025
XRPT Volatility Shares 2x XRP ETF	-77.14%	-67.94%
WGMI Valkyrie Bitcoin Miners ETF	74.44%	115.61%

Correlation

The correlation between XRPT and WGMI is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (All Time) Calculated using the full available price history since May 22, 2025	0.47

Return for Risk

XRPT vs. WGMI — 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

WGMI

WGMI Risk / Return Rank: 79
WGMI Sharpe Ratio Rank: 94
WGMI Sortino Ratio Rank: 79
WGMI Omega Ratio Rank: 72
WGMI Calmar Ratio Rank: 89
WGMI Martin Ratio Rank: 61

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. WGMI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Volatility Shares 2x XRP ETF (XRPT) and Valkyrie Bitcoin Miners ETF (WGMI). 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	WGMI	Difference
Sharpe ratio: Return per unit of total volatility	-0.60	3.20	-3.80
Sortino ratio: Return per unit of downside risk	-1.21	3.12	-4.33
Omega ratio: Gain probability vs. loss probability	0.87	1.38	-0.51
Calmar ratio: Return relative to maximum drawdown	-0.94	4.82	-5.76
Martin ratio: Return relative to average drawdown	-1.23	9.75	-10.98

XRPT vs. WGMI - Sharpe Ratio Comparison

The current XRPT Sharpe Ratio is -0.60, which is lower than the WGMI Sharpe Ratio of 3.20. The chart below compares the historical Sharpe Ratios of XRPT and WGMI, 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. WGMI - Drawdown Comparison

The maximum XRPT drawdown since its inception was -96.15%, which is greater than WGMI's maximum drawdown of -85.76%. Use the drawdown chart below to compare losses from any high point for XRPT and WGMI.

Drawdown Indicators

	XRPT	WGMI	Difference
Max Drawdown Largest peak-to-trough decline	-96.15%	-85.76%	-10.39%
Max Drawdown (1Y) Largest decline over 1 year	-96.15%	-50.94%	-45.21%
Max Drawdown (3Y) Largest decline over 3 years	—	-62.79%	—
Current Drawdown Current decline from peak	-96.15%	-7.41%	-88.74%
Average Drawdown Average peak-to-trough decline	-64.45%	-42.40%	-22.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	73.62%	25.12%	+48.50%

Volatility

XRPT vs. WGMI - Volatility Comparison

Volatility Shares 2x XRP ETF (XRPT) has a higher volatility of 39.09% compared to Valkyrie Bitcoin Miners ETF (WGMI) at 22.06%. This indicates that XRPT's price experiences larger fluctuations and is considered to be riskier than WGMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XRPT	WGMI	Difference
Volatility (1M) Calculated over the trailing 1-month period	39.09%	22.06%	+17.03%
Volatility (6M) Calculated over the trailing 6-month period	107.79%	55.01%	+52.78%
Volatility (1Y) Calculated over the trailing 1-year period	151.88%	77.05%	+74.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	149.90%	81.52%	+68.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	149.90%	81.52%	+68.38%

XRPT vs. WGMI - Expense Ratio Comparison

XRPT has a 0.94% expense ratio, which is higher than WGMI's 0.75% expense ratio.

Dividends

XRPT vs. WGMI - Dividend Comparison

XRPT's dividend yield for the trailing twelve months is around 6.95%, while WGMI has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
WGMI Valkyrie Bitcoin Miners ETF	0.00%	0.00%	0.22%	0.31%
XRPT Volatility Shares 2x XRP ETF	6.95%	1.23%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XRPT and WGMI in my portfolio?

XRPT and WGMI have a correlation of 0.45, 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 WGMI?

XRPT has higher volatility (39.09%) compared to WGMI (22.06%). In terms of maximum drawdown, XRPT dropped -96.15% vs WGMI's -85.76%.

Which ETF is better, XRPT or WGMI?

On 1-year performance, WGMI leads with 243.77% vs -90.61% for XRPT. On fees, WGMI is cheaper at 0.75% per year. On volatility, WGMI has been the lower-risk option at 22.06%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XRPT or WGMI?

Over the 1-year period, WGMI has performed better with a 243.77% return vs -90.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XRPT or WGMI?

WGMI is cheaper with a 0.75% expense ratio, compared with 0.94% for XRPT.

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

XRPT has the higher dividend yield at 6.95%, compared with 0.00% for WGMI.

What is the main difference between XRPT and WGMI?

They also come from different issuers: Volatility Shares and Valkyrie. Their fees differ too: 0.94% for XRPT and 0.75% for WGMI.

Which has better risk-adjusted returns?

WGMI currently has the higher Sharpe Ratio (3.20 vs -0.60), 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.