XRPZ vs. HECO
XRPZ (Franklin XRP ETF) and HECO (State Street Galaxy Hedged Digital Asset Ecosystem ETF) are both Blockchain funds. XRPZ is passively managed, while HECO is actively managed. Their 0.58 correlation means they have sometimes moved together and sometimes differently. XRPZ charges 0.19%/yr vs 0.90%/yr for HECO.
Performance
XRPZ vs. HECO - Performance Comparison
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Returns By Period
In the year-to-date period, XRPZ achieves a -41.64% return, which is significantly lower than HECO's 45.50% return.
XRPZ
- 1D
- 1.04%
- 1M
- -0.34%
- 6M
- -44.24%
- YTD
- -41.64%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
HECO
- 1D
- -7.46%
- 1M
- -14.44%
- 6M
- 22.63%
- YTD
- 45.50%
- 1Y
- 67.85%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 58.15%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $85.37K | $58.07K | $469.60K | |
XRPZ Franklin XRP ETF | $2.62M | $2.73M | $3.51M |
XRPZ vs. HECO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XRPZ Franklin XRP ETF | -41.64% | -11.90% |
HECO State Street Galaxy Hedged Digital Asset Ecosystem ETF | 45.50% | 3.62% |
Correlation
The correlation between XRPZ and HECO is 0.58, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 24, 2025 | 0.58 |
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Return for Risk
XRPZ vs. HECO — Risk / Return Rank
XRPZ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
HECO
XRPZ vs. HECO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin XRP ETF (XRPZ) and State Street Galaxy Hedged Digital Asset Ecosystem ETF (HECO). 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.
| XRPZ | HECO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.29 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.24 | — |
| Martin ratioReturn relative to average drawdown | — | 8.98 | — |
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Drawdowns
XRPZ vs. HECO - Drawdown Comparison
The maximum XRPZ drawdown since its inception was -55.39%, which is greater than HECO's maximum drawdown of -44.59%. Use the drawdown chart below to compare losses from any high point for XRPZ and HECO.
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Drawdown Indicators
| XRPZ | HECO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.39% | -44.59% | -10.80% |
Max Drawdown (1Y)Largest decline over 1 year | — | -21.03% | — |
Current DrawdownCurrent decline from peak | -53.80% | -16.96% | -36.84% |
Average DrawdownAverage peak-to-trough decline | -34.90% | -11.21% | -23.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 7.58% | — |
Volatility
XRPZ vs. HECO - Volatility Comparison
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Volatility by Period
| XRPZ | HECO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 11.84% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 29.35% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 69.70% | 38.39% | +31.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 69.70% | 44.42% | +25.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.70% | 44.42% | +25.28% |
XRPZ vs. HECO - Expense Ratio Comparison
XRPZ has a 0.19% expense ratio, which is lower than HECO's 0.90% expense ratio.
Dividends
XRPZ vs. HECO - Dividend Comparison
Neither XRPZ nor HECO has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
HECO State Street Galaxy Hedged Digital Asset Ecosystem ETF | 0.00% | 0.00% | 2.61% |
XRPZ Franklin XRP ETF | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XRPZ and HECO have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XRPZ is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XRPZ is cheaper with a 0.19% expense ratio, compared with 0.90% for HECO.
XRPZ and HECO have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Franklin and State Street. Their fees differ too: 0.19% for XRPZ and 0.90% for HECO.
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