Data as of .
XRPC vs XRPI: which tracked its coin?
Over the window both share, XRPC finished 0.10 of a percentage point behind XRP and XRPI 3.5 behind.
ETFIQ Coin Capture Score: XRPC scores higher
How much of what holding the coin gave did a holder of the fund keep?
A percentile among the 28 spot crypto ETPs listed less than a year. It is a position in a set, not a rating, and neither end of it is a recommendation. All crypto ETFs ranked by it · How it is computed
The same coin, two trusts
XRPC and XRPI hold the same asset. Both are 1933 Act trusts holding XRP through a custodian, so neither has a portfolio to compare: the whole of each fund is one line. Over the days each has traded, XRPC finished 0.45 of a percentage point ahead of XRP and XRPI 8.7% behind once both returns are compounded, but the two windows are not the same days, so neither figure is set against the other here. That gap is the fee, the custody, the creation and redemption friction and the market’s pricing of the shares, compounded into one figure. XRPI has 175 more days of record than XRPC, and a longer record is a longer window over which a cost can show itself.
Performance, window by window
| Window | Total return | The coin over the same days | Difference, percentage points | |||
|---|---|---|---|---|---|---|
| XRPC | XRPI | XRPC | XRPI | XRPC | XRPI | |
| 1 month | +35.4% | +34.4% | +35.0% | +35.0% | +0.4 pts | −0.6 pts |
| 3 months | +20.3% | +18.3% | +19.8% | +19.8% | +0.5 pts | −1.5 pts |
| 6 months | −3.1% | −6.5% | −3.0% | −3.0% | −0.1 pts | −3.5 pts |
| 1 year | not published | −59.3% | not published | −55.4% | not published | −8.7% of its growth |
| Since each listed | −41.1% | −52.0% | −41.6% | −44.2% | +0.5 pts | −14.0% of its growth |
| XRPC Canary XRP ETF Holds XRP through a custodian, listed Nov 13, 2025 | XRPI Volatility Shares Trust XRP ETF Holds XRP through a custodian, listed May 22, 2025 | |
|---|---|---|
| Sponsor | Canary | Volatility Shares |
| Holds | XRP | XRP |
| Net assets | not read | not read |
| Sponsor’s fee | not read | not read |
| Fee waiver | none | none |
| Staking | possible; no clear answer read | possible; no clear answer read |
| Listed | Nov 13, 2025 | May 22, 2025 |
| Days since listing | 302 days | 477 days |
| Days it has traded | 207 | 328 |
| Days it closed unchanged | 0 | 3 |
| Quoted | on an exchange, every trading day | on an exchange, every trading day |
| Fund returned, 1 year or since launch | −41.1% | −59.3% |
| The coin over the same days | −41.6% | −55.4% |
| Difference, percentage points | +0.5 pts | −8.7% of its growth |
| Fund returned since it listed | −41.1% | −52.0% |
| Difference since it listed | +0.5 pts | −14.0% of its growth |
| Price | $14.46 | $7.39 |
XRPC in plain words
XRPC holds XRP through a custodian and trades on an exchange, so a holder gets the coin’s return inside a brokerage account rather than a wallet. Over the time since it listed to Sep 11, 2026, XRP moved −41.6% and XRPC returned −41.1%. That leaves it 0.45 of a percentage point ahead. That difference is the fee, the custody cost, the friction of creating and redeeming shares in blocks, and whatever the market paid for the shares rather than for the coin, all of it together. It is the only figure on this page the sponsor does not publish itself. A spot trust is not a registered investment company. It files a 10-K rather than an N-PORT, and its holding is one line: the XRP it custodies.
XRPI in plain words
XRPI holds XRP through a custodian and trades on an exchange, so a holder gets the coin’s return inside a brokerage account rather than a wallet. Over the year to Sep 11, 2026, XRP moved −55.4% and XRPI returned −59.3%. That leaves it 8.7% behind once both returns are compounded. Over a window this long the two returns cannot simply be subtracted. Doing it would read −3.9 pts, which is arithmetically correct and describes nothing a holder can act on: what the figure above states is the gap between the two growth factors, so a fund that kept 91% of what holding the coin gave says exactly that.
Questions people ask
- Which tracked XRP more closely, XRPC or XRPI?
- Over the days each has traded, XRPC finished 0.45 of a percentage point ahead of XRP and XRPI 8.7% behind once both returns are compounded. Those are not set against each other here, because the two windows are not the same days, so neither is nearer its coin than the other on this page. Each difference carries the fee, the custody cost, the friction of creating and redeeming shares in blocks and whatever the market paid for the shares rather than for the coin.
- Do XRPC or XRPI pay a staking yield?
- What is the difference between XRPC and XRPI?
- Both hold XRP through a custodian and both trade on an exchange, so what separates them is what each costs a holder over time. XRPC is sponsored by Canary and listed Nov 13, 2025; XRPI by Volatility Shares, listed May 22, 2025.
Other comparisons
Cite this page. ETFIQ, XRPC against XRPI, data as of Sep 11, 2026. https://etfiq.com/compare/crypto/XRPC-XRPI Free to use with attribution; the underlying files are at Open data.