XRPZ vs. ZST.TO
XRPZ (Franklin XRP ETF) and ZST.TO (BMO Ultra Short-Term Bond ETF) are both exchange-traded funds - XRPZ is a Blockchain fund tracking the CME CF XRP-Dollar Reference Rate - New York Variant, while ZST.TO is a Ultrashort Bond fund actively managed by BMO. XRPZ is passively managed, while ZST.TO is actively managed. At a 0.04 correlation, their price movements are largely independent. XRPZ charges 0.19%/yr vs 0.17%/yr for ZST.TO.
Performance
XRPZ vs. ZST.TO - Performance Comparison
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Different Trading Currencies
XRPZ is traded in USD, while ZST.TO is traded in CAD. To make them comparable, the ZST.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, XRPZ achieves a -40.13% return, which is significantly lower than ZST.TO's -1.08% return.
XRPZ
- 1D
- -1.08%
- 1M
- -10.04%
- 6M
- -47.44%
- YTD
- -40.13%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ZST.TO
- 1D
- 0.12%
- 1M
- -0.13%
- 6M
- 0.19%
- YTD
- -1.08%
- 1Y
- -0.58%
- 3Y*
- 1.77%
- 5Y*
- 0.82%
- 10Y*
- 1.56%
XRPZ vs. ZST.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XRPZ Franklin XRP ETF | -40.13% | -11.90% |
ZST.TO BMO Ultra Short-Term Bond ETF | -1.08% | 2.17% |
Correlation
The correlation between XRPZ and ZST.TO is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 24, 2025 | 0.04 |
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Return for Risk
XRPZ vs. ZST.TO — Risk / Return Rank
XRPZ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
ZST.TO
XRPZ vs. ZST.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin XRP ETF (XRPZ) and BMO Ultra Short-Term Bond ETF (ZST.TO). 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 | ZST.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.98 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.14 | — |
| Martin ratioReturn relative to average drawdown | — | -0.32 | — |
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Drawdowns
XRPZ vs. ZST.TO - Drawdown Comparison
The maximum XRPZ drawdown since its inception was -55.39%, which is greater than ZST.TO's maximum drawdown of -35.56%. Use the drawdown chart below to compare losses from any high point for XRPZ and ZST.TO.
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Drawdown Indicators
| XRPZ | ZST.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.39% | -35.56% | -19.83% |
Max Drawdown (1Y)Largest decline over 1 year | — | -4.25% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -7.35% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -10.72% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -12.76% | — |
Current DrawdownCurrent decline from peak | -52.60% | -14.63% | -37.97% |
Average DrawdownAverage peak-to-trough decline | -33.91% | -18.64% | -15.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.84% | — |
Volatility
XRPZ vs. ZST.TO - Volatility Comparison
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Volatility by Period
| XRPZ | ZST.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.28% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.30% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 71.20% | 4.51% | +66.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.20% | 6.26% | +64.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.20% | 6.58% | +64.62% |
XRPZ vs. ZST.TO - Expense Ratio Comparison
XRPZ has a 0.19% expense ratio, which is higher than ZST.TO's 0.17% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XRPZ vs. ZST.TO - Dividend Comparison
XRPZ has not paid dividends to shareholders, while ZST.TO's dividend yield for the trailing twelve months is around 2.54%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XRPZ Franklin XRP ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ZST.TO BMO Ultra Short-Term Bond ETF | 2.54% | 2.85% | 4.70% | 4.84% | 2.78% | 2.31% | 2.68% | 2.84% | 3.47% | 4.09% | 3.96% | 3.94% |
Frequently Asked Questions
XRPZ and ZST.TO have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZST.TO is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZST.TO is cheaper with a 0.17% expense ratio, compared with 0.19% for XRPZ.
XRPZ is categorized as Blockchain, while ZST.TO is Ultrashort Bond. They also come from different issuers: Franklin and BMO. Their fees differ too: 0.19% for XRPZ and 0.17% for ZST.TO.
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