XRRL.DE vs. ETHA

Last updated Apr 2, 2026

Compare and contrast key facts about CoinShares Physical XRP EUR ETP (XRRL.DE) and iShares Ethereum Trust ETF (ETHA).

XRRL.DE and ETHA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XRRL.DE is an actively managed fund by CoinShares. It was launched on Apr 13, 2021. ETHA is a passively managed fund by iShares that tracks the performance of the CME CF Ether-Dollar Reference Rate-New York Variant. It was launched on Jun 24, 2024.

Performance

XRRL.DE vs. ETHA - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in CoinShares Physical XRP EUR ETP (XRRL.DE) and iShares Ethereum Trust ETF (ETHA). The values are adjusted to include any dividend payments, if applicable.

XRRL.DE vs. ETHA - Yearly Performance Comparison

	2026 (YTD)	2025	2024
XRRL.DE CoinShares Physical XRP EUR ETP	-26.47%	-21.72%	258.37%
ETHA iShares Ethereum Trust ETF	-26.84%	-21.83%	1.05%

Different Trading Currencies

XRRL.DE is traded in EUR, while ETHA is traded in USD. To make them comparable, the ETHA values have been converted to EUR using the latest available exchange rates.

Returns By Period

The year-to-date returns for both stocks are quite close, with XRRL.DE having a -26.47% return and ETHA slightly lower at -26.84%.

XRRL.DE

• 1D: 1.85%
• 1M: -3.14%
• YTD: -26.47%
• 6M: -53.87%
• 1Y: -42.58%
• 3Y*: 31.83%
• 5Y*: —
• 10Y*: —

ETHA

• 1D: 1.98%
• 1M: 6.25%
• YTD: -26.84%
• 6M: -50.03%
• 1Y: 4.20%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XRRL.DE vs. ETHA - Expense Ratio Comparison

XRRL.DE has a 1.50% expense ratio, which is higher than ETHA's 0.25% expense ratio.

XRRL.DE

CoinShares Physical XRP EUR ETP

ETHA

iShares Ethereum Trust ETF

Return for Risk

XRRL.DE vs. ETHA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XRRL.DE

XRRL.DE Risk / Return Rank: 3
XRRL.DE Sharpe Ratio Rank: 3
XRRL.DE Sortino Ratio Rank: 3
XRRL.DE Omega Ratio Rank: 3
XRRL.DE Calmar Ratio Rank: 2
XRRL.DE Martin Ratio Rank: 3

ETHA

ETHA Risk / Return Rank: 19
ETHA Sharpe Ratio Rank: 15
ETHA Sortino Ratio Rank: 26
ETHA Omega Ratio Rank: 22
ETHA Calmar Ratio Rank: 17
ETHA Martin Ratio Rank: 16

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.

XRRL.DE vs. ETHA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CoinShares Physical XRP EUR ETP (XRRL.DE) and iShares Ethereum Trust ETF (ETHA). 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.

	XRRL.DE	ETHA	Difference
Sharpe ratio Return per unit of total volatility	-0.63	0.06	-0.69
Sortino ratio Return per unit of downside risk	-0.75	0.65	-1.40
Omega ratio Gain probability vs. loss probability	0.92	1.07	-0.15
Calmar ratio Return relative to maximum drawdown	-0.66	0.15	-0.81
Martin ratio Return relative to average drawdown	-1.21	0.31	-1.51
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XRRL.DE vs. ETHA - Sharpe Ratio Comparison

The current XRRL.DE Sharpe Ratio is -0.63, which is lower than the ETHA Sharpe Ratio of 0.06. The chart below compares the historical Sharpe Ratios of XRRL.DE and ETHA, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	XRRL.DE	ETHA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.63	0.06	-0.69
Sharpe Ratio (All Time) Calculated using the full available price history	0.13	-0.37	+0.50

Correlation

The correlation between XRRL.DE and ETHA is 0.53, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

XRRL.DE vs. ETHA - Dividend Comparison

Neither XRRL.DE nor ETHA has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

XRRL.DE vs. ETHA - Drawdown Comparison

The maximum XRRL.DE drawdown since its inception was -66.81%, roughly equal to the maximum ETHA drawdown of -65.39%. Use the drawdown chart below to compare losses from any high point for XRRL.DE and ETHA.

Drawdown Indicators

	XRRL.DE	ETHA	Difference
Max Drawdown Largest peak-to-trough decline	-66.81%	-64.02%	-2.79%
Max Drawdown (1Y) Largest decline over 1 year	-64.60%	-61.66%	-2.94%
Current Drawdown Current decline from peak	-64.94%	-55.83%	-9.11%
Average Drawdown Average peak-to-trough decline	-35.98%	-30.46%	-5.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	35.38%	30.61%	+4.77%

Volatility

XRRL.DE vs. ETHA - Volatility Comparison

The current volatility for CoinShares Physical XRP EUR ETP (XRRL.DE) is 14.11%, while iShares Ethereum Trust ETF (ETHA) has a volatility of 18.55%. This indicates that XRRL.DE experiences smaller price fluctuations and is considered to be less risky than ETHA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XRRL.DE	ETHA	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.11%	18.55%	-4.44%
Volatility (6M) Calculated over the trailing 6-month period	48.89%	53.36%	-4.47%
Volatility (1Y) Calculated over the trailing 1-year period	67.43%	76.52%	-9.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	87.06%	75.43%	+11.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	87.06%	75.43%	+11.63%