XRPT vs. XRPI

Last updated Jun 6, 2026

XRPT (Volatility Shares 2x XRP ETF) and XRPI (Volatility Shares XRP ETF) are both Cryptocurrency funds from Volatility Shares. Both are actively managed. Over the past year, XRPT returned -89.19% vs -55.09% for XRPI. With a 1.00 correlation, they move nearly in lockstep. Both charge a 0.94% expense ratio.

Performance

XRPT vs. XRPI - Performance Comparison

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

Returns By Period

In the year-to-date period, XRPT achieves a -74.37% return, which is significantly lower than XRPI's -41.59% return.

XRPT

• 1D: -13.23%
• 1M: -43.46%
• YTD: -74.37%
• 6M: -79.63%
• 1Y: -89.19%
• 3Y*: —
• 5Y*: —
• 10Y*: —

XRPI

• 1D: -6.35%
• 1M: -23.52%
• YTD: -41.59%
• 6M: -47.48%
• 1Y: -55.09%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XRPT vs. XRPI - Yearly Performance Comparison

	2026 (YTD)	2025
XRPT Volatility Shares 2x XRP ETF	-74.37%	-67.83%
XRPI Volatility Shares XRP ETF	-41.59%	-32.44%

Correlation

The correlation between XRPT and XRPI 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 (1Y) Calculated over the trailing 1-year period	1.00
Correlation (All Time) Calculated using the full available price history since May 23, 2025	1.00

The correlation between XRPT and XRPI has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.

Return for Risk

XRPT vs. XRPI — 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

XRPI

XRPI Risk / Return Rank: 3
XRPI Sharpe Ratio Rank: 3
XRPI Sortino Ratio Rank: 3
XRPI Omega Ratio Rank: 3
XRPI Calmar Ratio Rank: 3
XRPI 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. XRPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Volatility Shares 2x XRP ETF (XRPT) and Volatility Shares XRP ETF (XRPI). 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	XRPI	Difference
Sharpe ratio: Return per unit of total volatility	-0.59	-0.73	+0.13
Sortino ratio: Return per unit of downside risk	-1.08	-1.01	-0.07
Omega ratio: Gain probability vs. loss probability	0.88	0.89	-0.01
Calmar ratio: Return relative to maximum drawdown	-0.93	-0.76	-0.17
Martin ratio: Return relative to average drawdown	-1.26	-1.18	-0.08
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. XRPI - Sharpe Ratio Comparison

The current XRPT Sharpe Ratio is -0.59, which is comparable to the XRPI Sharpe Ratio of -0.73. The chart below compares the historical Sharpe Ratios of XRPT and XRPI, 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	XRPI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.59	-0.73	+0.13
Sharpe Ratio (All Time) Calculated using the full available price history	-0.61	-0.79	+0.18

Drawdowns

XRPT vs. XRPI - Drawdown Comparison

The maximum XRPT drawdown since its inception was -95.68%, which is greater than XRPI's maximum drawdown of -72.75%. Use the drawdown chart below to compare losses from any high point for XRPT and XRPI.

Drawdown Indicators

	XRPT	XRPI	Difference
Max Drawdown Largest peak-to-trough decline	-95.68%	-72.75%	-22.93%
Max Drawdown (1Y) Largest decline over 1 year	-95.68%	-72.75%	-22.93%
Current Drawdown Current decline from peak	-95.68%	-72.75%	-22.93%
Average Drawdown Average peak-to-trough decline	-63.23%	-40.01%	-23.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	70.71%	46.56%	+24.15%

Volatility

XRPT vs. XRPI - Volatility Comparison

Volatility Shares 2x XRP ETF (XRPT) has a higher volatility of 30.02% compared to Volatility Shares XRP ETF (XRPI) at 14.69%. This indicates that XRPT's price experiences larger fluctuations and is considered to be riskier than XRPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XRPT	XRPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	30.02%	14.69%	+15.33%
Volatility (6M) Calculated over the trailing 6-month period	105.03%	51.39%	+53.64%
Volatility (1Y) Calculated over the trailing 1-year period	150.77%	76.08%	+74.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	149.43%	75.44%	+73.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	149.43%	75.44%	+73.99%

XRPT vs. XRPI - Expense Ratio Comparison

Both XRPT and XRPI have an expense ratio of 0.94%.

Dividends

XRPT vs. XRPI - Dividend Comparison

XRPT's dividend yield for the trailing twelve months is around 6.06%, more than XRPI's 4.05% yield.

Position	TTM	2025
XRPI Volatility Shares XRP ETF	4.05%	1.54%
XRPT Volatility Shares 2x XRP ETF	6.06%	1.23%

Frequently Asked Questions

Can I hold both XRPT and XRPI in my portfolio?

With a correlation of 1.00, XRPT and XRPI 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 is riskier, XRPT or XRPI?

XRPT has higher volatility (30.02%) compared to XRPI (14.69%). In terms of maximum drawdown, XRPT dropped -95.68% vs XRPI's -72.75%.

Which ETF is better, XRPT or XRPI?

On 1-year performance, XRPI leads with -55.09% vs -89.19% for XRPT. Both ETFs have the same 0.94% expense ratio. On volatility, XRPI has been the lower-risk option at 14.69%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XRPT or XRPI?

Over the 1-year period, XRPI has performed better with a -55.09% return vs -89.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XRPT or XRPI?

XRPT and XRPI have the same expense ratio: 0.94% per year.

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

XRPT has the higher dividend yield at 6.06%, compared with 4.05% for XRPI.

Which has better risk-adjusted returns?

XRPT currently has the higher Sharpe Ratio (-0.59 vs -0.73), 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.