Data as of .
XRPI vs XRPR: which tracked its coin?
Over the window both share, XRPI finished 3.5 percentage points behind XRP and XRPR 0.69 behind.
ETFIQ Coin Capture Score: XRPI scores higher
How much of what holding the coin gave did a holder of the fund keep?
A percentile among the 24 spot crypto ETPs with a full 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
XRPI and XRPR 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, XRPI finished 8.7% behind XRP once both returns are compounded and XRPR 2.4% 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 119 more days of record than XRPR, 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 | |||
|---|---|---|---|---|---|---|
| XRPI | XRPR | XRPI | XRPR | XRPI | XRPR | |
| 1 month | +34.4% | +34.8% | +35.0% | +35.0% | −0.6 pts | −0.2 pts |
| 3 months | +18.3% | +19.4% | +19.8% | +19.8% | −1.5 pts | −0.5 pts |
| 6 months | −6.5% | −3.7% | −3.0% | −3.0% | −3.5 pts | −0.7 pts |
| 1 year | −59.3% | not published | −55.4% | not published | −8.7% of its growth | not published |
| Since each listed | −52.0% | −56.9% | −44.2% | −55.9% | −14.0% of its growth | −2.4% of its growth |
| XRPI Volatility Shares Trust XRP ETF Holds XRP through a custodian, listed May 22, 2025 | XRPR REX-Osprey XRP ETF Holds XRP through a custodian, listed Sep 18, 2025 | |
|---|---|---|
| Sponsor | Volatility Shares | REX-Osprey |
| 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 | May 22, 2025 | Sep 18, 2025 |
| Days since listing | 477 days | 358 days |
| Days it has traded | 328 | 247 |
| Days it closed unchanged | 3 | 6 |
| Quoted | on an exchange, every trading day | on an exchange, every trading day |
| Fund returned, 1 year or since launch | −59.3% | −56.9% |
| The coin over the same days | −55.4% | −55.9% |
| Difference, percentage points | −8.7% of its growth | −2.4% of its growth |
| Fund returned since it listed | −52.0% | −56.9% |
| Difference since it listed | −14.0% of its growth | −2.4% of its growth |
| Price | $7.39 | $11.08 |
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. 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.
XRPR in plain words
XRPR 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 −55.9% and XRPR returned −56.9%. That leaves it 2.4% behind once both returns are compounded. Doing it would read −1.0 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 98% of what holding the coin gave says exactly that.
Questions people ask
- Which tracked XRP more closely, XRPI or XRPR?
- Over the days each has traded, XRPI finished 8.7% behind XRP once both returns are compounded and XRPR 2.4% 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 XRPI or XRPR pay a staking yield?
- What is the difference between XRPI and XRPR?
- Both hold XRP through a custodian and both trade on an exchange, so what separates them is what each costs a holder over time. XRPI is sponsored by Volatility Shares and listed May 22, 2025; XRPR by REX-Osprey, listed Sep 18, 2025.
Other comparisons
Cite this page. ETFIQ, XRPI against XRPR, data as of Sep 11, 2026. https://etfiq.com/compare/crypto/XRPI-XRPR Free to use with attribution; the underlying files are at Open data.