XRPT vs. ZVOL
XRPT (Volatility Shares 2x XRP ETF) and ZVOL (Volatility Premium Plus ETF) are both exchange-traded funds - XRPT is a Cryptocurrency fund actively managed by Volatility Shares, while ZVOL is a Volatility fund tracking the S&P 500 VIX Mid Term Futures Inverse Daily Index. XRPT is actively managed, while ZVOL is passively managed. Over the past year, XRPT returned -94.21% vs 18.06% for ZVOL. Their 0.32 correlation means their historical movements had little consistent relationship. XRPT charges 0.94%/yr vs 1.35%/yr for ZVOL.
Performance
XRPT vs. ZVOL - Performance Comparison
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Returns By Period
In the year-to-date period, XRPT achieves a -76.84% return, which is significantly lower than ZVOL's 5.04% return.
XRPT
- 1D
- 3.38%
- 1M
- -3.32%
- 6M
- -68.14%
- YTD
- -76.84%
- 1Y
- -94.21%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -88.57%
ZVOL
- 1D
- 0.17%
- 1M
- -0.60%
- 6M
- 3.78%
- YTD
- 5.04%
- 1Y
- 18.06%
- 3Y*
- 6.91%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 14.38%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.61M | $2.44M | $4.13M | |
| $524.13K | $426.79K | $371.74K |
XRPT vs. ZVOL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XRPT Volatility Shares 2x XRP ETF | -76.84% | -67.94% |
ZVOL Volatility Premium Plus ETF | 5.04% | 11.47% |
Correlation
The correlation between XRPT and ZVOL is 0.32, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.32 |
Correlation (All Time) Calculated using the full available price history since May 22, 2025 | 0.32 |
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Return for Risk
XRPT vs. ZVOL — Risk / Return Rank
XRPT
ZVOL
XRPT vs. ZVOL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Volatility Shares 2x XRP ETF (XRPT) and Volatility Premium Plus ETF (ZVOL). 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 | ZVOL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.63 | ||
| Sortino ratioReturn per unit of downside risk | -3.37 | ||
| Omega ratioGain probability vs. loss probability | 0.80 | 1.18 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.99 | 1.10 | -2.09 |
| Martin ratioReturn relative to average drawdown | -1.23 | 3.54 | -4.76 |
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Drawdowns
XRPT vs. ZVOL - Drawdown Comparison
The maximum XRPT drawdown since its inception was -96.33%, which is greater than ZVOL's maximum drawdown of -37.25%. Use the drawdown chart below to compare losses from any high point for XRPT and ZVOL.
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Drawdown Indicators
| XRPT | ZVOL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.33% | -37.25% | -59.08% |
Max Drawdown (1Y)Largest decline over 1 year | -95.55% | -16.46% | -79.09% |
Max Drawdown (3Y)Largest decline over 3 years | — | -37.25% | — |
Current DrawdownCurrent decline from peak | -96.10% | -16.33% | -79.77% |
Average DrawdownAverage peak-to-trough decline | -67.28% | -13.63% | -53.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 76.60% | 5.12% | +71.48% |
Volatility
XRPT vs. ZVOL - Volatility Comparison
Volatility Shares 2x XRP ETF (XRPT) has a higher volatility of 23.81% compared to Volatility Premium Plus ETF (ZVOL) at 3.16%. This indicates that XRPT's price experiences larger fluctuations and is considered to be riskier than ZVOL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XRPT | ZVOL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.81% | 3.16% | +20.65% |
Volatility (6M)Calculated over the trailing 6-month period | 101.10% | 13.67% | +87.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 143.17% | 18.68% | +124.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 144.95% | 28.72% | +116.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 144.95% | 28.72% | +116.23% |
XRPT vs. ZVOL - Expense Ratio Comparison
XRPT has a 0.94% expense ratio, which is lower than ZVOL's 1.35% expense ratio.
Dividends
XRPT vs. ZVOL - Dividend Comparison
XRPT's dividend yield for the trailing twelve months is around 6.86%, less than ZVOL's 74.62% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
XRPT Volatility Shares 2x XRP ETF | 6.86% | 1.23% | 0.00% | 0.00% |
ZVOL Volatility Premium Plus ETF | 74.62% | 53.44% | 30.68% | 0.55% |
Frequently Asked Questions
XRPT and ZVOL have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XRPT has higher volatility (23.81%) compared to ZVOL (3.16%). In terms of maximum drawdown, XRPT dropped -96.33% vs ZVOL's -37.25%.
On 1-year performance, ZVOL leads with 18.06% vs -94.21% for XRPT. On fees, XRPT is cheaper at 0.94% per year. On volatility, ZVOL has been the lower-risk option at 3.16%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, ZVOL has performed better with a 18.06% return vs -94.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XRPT is cheaper with a 0.94% expense ratio, compared with 1.35% for ZVOL.
ZVOL has the higher dividend yield at 74.62%, compared with 6.86% for XRPT.
XRPT is categorized as Cryptocurrency, while ZVOL is Volatility. Their fees differ too: 0.94% for XRPT and 1.35% for ZVOL.
ZVOL currently has the higher Sharpe Ratio (0.97 vs -0.66), 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.
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