XRPT vs XXRP: which held to its multiple?

Over the days both have traded, XRPT finished 11.7 points from its stated multiple and XXRP 14.5. Volatility Shares Trust XRP 2X ETF and Teucrium 2x Long Daily XRP ETF.

+67.6%
XRPT returned, 3 months
+64.8%
XXRP returned, 3 months
−11.7 pts
XRPT from its stated multiple
−14.5 pts
XXRP from its stated multiple
XRPT · 3 months to Sep 30, 202611.7 pts short of its stated multiple
11.7 pts short of its stated multipleXRPT returned +67.6% while 2 times XRPR's move would have been +79.3%XRPR +39.7% ×2 implies+79.3%XRPT returned+67.6%11.7 pts short of its stated multipleXRPT returned +67.6% while 2 times XRPR's move would have been +79.3%XRPR +39.7% ×2 implies+79.3%XRPT returned+67.6%

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

XXRP · 3 months to Sep 30, 202614.5 pts short of its stated multiple
14.5 pts short of its stated multipleXXRP returned +64.8% while 2 times XRPR's move would have been +79.3%XRPR +39.7% ×2 implies+79.3%XXRP returned+64.8%14.5 pts short of its stated multipleXXRP returned +64.8% while 2 times XRPR's move would have been +79.3%XRPR +39.7% ×2 implies+79.3%XXRP returned+64.8%

XXRP returned +64.8% 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?
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 returnMultiple would giveDifference
WindowXRPTXXRPXRPTXXRPXRPTXXRP
1 month+6.7%+5.3%+14.9%+14.9%−8.2 pts−9.5 pts
3 months+67.6%+64.8%+79.3%+79.3%−11.7 pts−14.5 pts
6 months−7.5%−10.5%+19.1%+19.1%−26.6 pts−29.6 pts
1 year−87.7%−88.5%−97.2%−97.2%+9.5 pts+8.7 pts
Since launch
XRPT Sep 2025 · XXRP Sep 2025
−89.9%−90.6%−105.6%−105.6%+15.6 pts+15.0 pts

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

On the same fields

XRPT
Volatility Shares Trust XRP 2X ETF · Aims to return twice the daily move of XRP (XRPR)
XXRP
Teucrium 2x Long Daily XRP ETF · Aims to return twice the daily move of XRP (XRPR)
Issuer Volatility Shares Teucrium
Sets out to return +2x +2x
Underlying asset XRPR XRPR
Segment crypto crypto
Fund returned, 3 months or since launch +67.6% +64.8%
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 −11.7 pts −14.5 pts
Fund returned, 1 year or since launch −87.7% −88.5%
Difference from stated, over that window +9.5 pts +8.7 pts
Underlying volatility 70% 70%
Difference over the days both have traded −11.7 pts −14.5 pts
Expense ratio not published 2.77%
Launched May 22, 2025 Apr 8, 2025
Net assets $76m $88m

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

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. 5.9 of that is daily compounding, which happens to any 2 times fund over the same path, and the rest is the fund. XRPT 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.

XXRP in plain words

Three months to Sep 30, 2026: XXRP returned +64.8% where its own daily promise gave +73.4%, 8.5 points short. Read the multiple against the whole window instead and 2 times XRPR's 39.7% implies +79.3%, which makes XXRP look 14.5 points short. XXRP aims to return +2 times XRPR's move each day, then resets.

Questions people ask

Which came closer to its stated multiple, XRPT or XXRP?
Over the window to Sep 30, 2026, XRPT finished 11.7 points from what its multiple implies and XXRP finished 14.5 points from its own, so XRPT came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are XRPT and XXRP levered on the same thing?
Yes. Both are levered on XRP, XRPT at +2 times and XXRP at +2 times the daily move.
Which one decays faster, XRPT or XXRP?
Decay follows how much the underlying moves about. Over this window XRPT’s moved at 70% annualized and XXRP’s at 70%, so XRPT has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold XRPT or XXRP 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.
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Where these figures came from

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

Open data

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