XRPZ vs. HYPG

Last updated Jul 30, 2026

XRPZ (Franklin XRP ETF) and HYPG (Grayscale Hyperliquid Staking ETF) are both exchange-traded funds - XRPZ is a Blockchain fund tracking the CME CF XRP-Dollar Reference Rate - New York Variant, while HYPG is a Cryptocurrency fund tracking the CoinDesk Hyperliquid Benchmark Extended Rate. Both are passively managed. Their 0.60 correlation means they have sometimes moved together and sometimes differently. XRPZ charges 0.19%/yr vs 0.29%/yr for HYPG.

Performance

XRPZ vs. HYPG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin XRP ETF (XRPZ) and Grayscale Hyperliquid Staking ETF (HYPG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

XRPZ

• 1D: 1.04%
• 1M: -0.34%
• 6M: -44.24%
• YTD: -41.64%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

HYPG

• 1D: -3.83%
• 1M: -20.38%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
HYPG Grayscale Hyperliquid Staking ETF	$1.13M	$2.13M	$2.29M
XRPZ Franklin XRP ETF	$2.62M	$2.73M	$3.51M

XRPZ vs. HYPG - Yearly Performance Comparison

	2026 (YTD)
XRPZ Franklin XRP ETF	-12.37%
HYPG Grayscale Hyperliquid Staking ETF	-27.43%

Correlation

The correlation between XRPZ and HYPG is 0.60, 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 Jun 3, 2026	0.60

Return for Risk

XRPZ vs. HYPG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin XRP ETF (XRPZ) and Grayscale Hyperliquid Staking ETF (HYPG). 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.

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

Drawdowns

XRPZ vs. HYPG - Drawdown Comparison

The maximum XRPZ drawdown since its inception was -55.39%, which is greater than HYPG's maximum drawdown of -27.47%. Use the drawdown chart below to compare losses from any high point for XRPZ and HYPG.

Drawdown Indicators

	XRPZ	HYPG	Difference
Max Drawdown Largest peak-to-trough decline	-55.39%	-27.47%	-27.92%
Current Drawdown Current decline from peak	-53.80%	-27.47%	-26.33%
Average Drawdown Average peak-to-trough decline	-34.90%	-13.43%	-21.47%

Volatility

Volatility by Period

	XRPZ	HYPG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	69.70%	84.79%	-15.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	69.70%	84.79%	-15.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	69.70%	84.79%	-15.09%

XRPZ vs. HYPG - Expense Ratio Comparison

XRPZ has a 0.19% expense ratio, which is lower than HYPG's 0.29% expense ratio.

Dividends

XRPZ vs. HYPG - Dividend Comparison

Neither XRPZ nor HYPG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XRPZ and HYPG in my portfolio?

XRPZ and HYPG have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XRPZ or HYPG?

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.

Which ETF is cheaper, XRPZ or HYPG?

XRPZ is cheaper with a 0.19% expense ratio, compared with 0.29% for HYPG.

Which ETF pays a higher dividend yield, XRPZ or HYPG?

XRPZ and HYPG have nearly identical dividend yields, around 0.00%.

What is the main difference between XRPZ and HYPG?

XRPZ is categorized as Blockchain, while HYPG is Cryptocurrency. XRPZ tracks CME CF XRP-Dollar Reference Rate - New York Variant, while HYPG tracks CoinDesk Hyperliquid Benchmark Extended Rate. They also come from different issuers: Franklin and Grayscale. Their fees differ too: 0.19% for XRPZ and 0.29% for HYPG.