Which came closer to its stated multiple, UXRP or XRPT?

Over the window to Sep 30, 2026, UXRP finished 11.9 points from what its multiple implies and XRPT finished 11.7 points from its own, so XRPT came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.

Are UXRP and XRPT levered on the same thing?

Yes. Both are levered on XRP, UXRP at +2 times and XRPT at +2 times the daily move.

Which one decays faster, UXRP or XRPT?

Decay follows how much the underlying moves about. Over this window UXRP’s moved at 70% annualized and XRPT’s at 70%, so UXRP has the rougher ride and, at the same multiple, loses more to compounding.

Can I hold UXRP or XRPT for a year?

Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year’s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way.

Share on X Download as PDF Open live

UXRP vs XRPT: which held to its multiple?

Over the days both have traded, UXRP finished 11.9 points from its stated multiple and XRPT 11.7. ProShares Ultra XRP ETF and Volatility Shares Trust XRP 2X ETF.

+67.5%

UXRP returned, 3 months

+67.6%

XRPT returned, 3 months

−11.9 pts

UXRP from its stated multiple

−11.7 pts

XRPT from its stated multiple

UXRP · 3 months to Sep 30, 202611.9 pts short of its stated multiple

UXRP returned +67.5% while 2 times XRPR's move would have been +79.3%

XRPT · 3 months to Sep 30, 202611.7 pts short of its stated multiple

XRPT returned +67.6% while 2 times XRPR's move would have been +79.3%

ETFIQ Decay Resistance Score · XRPT scores higherDid it keep up with its own daily multiple, compounded day by day?

UXRP 9.7

XRPT 10.2

0.1, the lowest in this set99.9, the highest

A percentile among the 470 leveraged ETFs, long, over three months. It is a position in a set, not a rating, and neither end of it is a recommendation. All leveraged ETFs ranked by it → How it is computed →

Performance, window by window

	Total return		Multiple would give		Difference
Window	UXRP	XRPT	UXRP	XRPT	UXRP	XRPT
1 month	+6.9%	+6.7%	+14.9%	+14.9%	−8.0 pts	−8.2 pts
3 months	+67.5%	+67.6%	+79.3%	+79.3%	−11.9 pts	−11.7 pts
6 months	−8.2%	−7.5%	+19.1%	+19.1%	−27.3 pts	−26.6 pts
1 year	−88.0%	−87.7%	−97.2%	−97.2%	+9.2 pts	+9.5 pts
Since launch UXRP Sep 2025 · XRPT Sep 2025	−90.3%	−89.9%	−105.6%	−105.6%	+15.3 pts	+15.6 pts

UXRP and XRPT over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

UXRP

ProShares Ultra XRP ETF · Aims to return twice the daily move of XRP (XRPR)

XRPT

Volatility Shares Trust XRP 2X ETF · Aims to return twice the daily move of XRP (XRPR)

Issuer ProShares Volatility Shares

Sets out to return +2x +2x

Underlying asset XRPR XRPR

Segment crypto crypto

Fund returned, 3 months or since launch +67.5% +67.6%

Underlying returned, over that window +39.7% +39.7%

What the stated multiple implies, over that window +79.3% +79.3%

Difference from stated, over that window −11.9 pts −11.7 pts

Fund returned, 1 year or since launch −88.0% −87.7%

Difference from stated, over that window +9.2 pts +9.5 pts

Underlying volatility 70% 70%

Difference over the days both have traded −11.9 pts −11.7 pts

Expense ratio 1.67% not published

Launched Jul 15, 2025 May 22, 2025

Net assets $57m $76m

UXRP and XRPT on the same fields, as of Sep 30, 2026. Source: ETFIQ.

UXRP in plain words

Three months to Sep 30, 2026: UXRP returned +67.5% where its own daily promise gave +73.4%, 5.9 points short. Read the multiple against the whole window instead and 2 times XRPR's 39.7% implies +79.3%, which makes UXRP look 11.9 points short. 5.9 of that is daily compounding, which happens to any 2 times fund over the same path, and the rest is the fund. UXRP aims to return +2 times XRPR's move each day, then resets. Over one day it does that. Over longer, the daily results compound, so the total is not +2 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more. XRPR moved at 70% annualized over that window. That is what decides how far the two figures separate: the same fund on a calm underlying and a violent one is a different product.

XRPT in plain words

Three months to Sep 30, 2026: XRPT returned +67.6% where its own daily promise gave +73.4%, 5.8 points short. Read the multiple against the whole window instead and 2 times XRPR's 39.7% implies +79.3%, which makes XRPT look 11.7 points short. XRPT aims to return +2 times XRPR's move each day, then resets.

Questions people ask

Which came closer to its stated multiple, UXRP or XRPT?: Over the window to Sep 30, 2026, UXRP finished 11.9 points from what its multiple implies and XRPT finished 11.7 points from its own, so XRPT came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are UXRP and XRPT levered on the same thing?: Yes. Both are levered on XRP, UXRP at +2 times and XRPT at +2 times the daily move.
Which one decays faster, UXRP or XRPT?: Decay follows how much the underlying moves about. Over this window UXRP’s moved at 70% annualized and XRPT’s at 70%, so UXRP has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold UXRP or XRPT for a year?: Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year’s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way.

Other comparisons

UXRP vs XXRP XRPT vs XXRP

XRPR →UXRP on its own →XRPT on its own →How every figure is computed →Standards and sources →

Where these figures came from

UXRP filings on SEC EDGAR ↗UXRP prospectus with the expense ratio (SEC) ↗ProShares page for UXRP ↗Volatility Shares page for XRPT ↗

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.

Cite this page

ETFIQ, UXRP against XRPT, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/uxrp-vs-xrpt

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.