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XRPT Volatility Shares Trust XRP 2X ETF

Aims to return twice the daily move of XRP (XRPR)

Three months to Sep 11, 2026: XRPT returned +25.9% where its own daily promise gave +29.4%, 3.5 points short.

not established · Leveraged ETFs · data as of

Key facts

+19.4%What XRPR did
+29.4%What +2 times a day gives
+25.9%What the fund returned
−3.5 ptsThe fund itself cost

Method

ETFIQ Decay Resistance Score

31.1270th of 391

XRPT finished 3.5 points short of what +2 times XRPR’s daily move would have given, compounded through the same days.

Did it keep up with its own daily multiple, compounded day by day?

Points against its own daily promise, compounded
MRNX −23.2 ptsBMNG −14.1 ptsBMNU −14.0 ptsXOVL −11.4 ptsGDXU −11.1 ptsSMCX −10.5 ptsETHT −9.9 ptsSOLT −9.8 ptsSLON −9.6 ptsSBTU −9.3 ptsEVMU −7.9 ptsINFH −7.8 ptsGMEU −7.6 ptsSOUX −7.6 ptsBLSG −7.4 ptsSMCL −7.4 ptsCRMG −7.3 ptsFGRU −7.3 ptsHIMZ −7.3 ptsSPYU −6.9 ptsMSTX −6.8 ptsOKTG −6.8 ptsBIB −6.6 ptsFUTG −6.6 ptsCRWL −6.4 ptsDJTU −6.4 ptsNOWL −6.4 ptsONDL −6.4 ptsETU −6.3 ptsMSTU −6.2 ptsNETG −6.0 ptsSOFX −6.0 ptsCRCA −5.9 ptsFNGU −5.9 ptsPYPG −5.8 ptsHOOX −5.7 ptsXXRP −5.6 ptsCOPZ −5.5 ptsDKNX −5.5 ptsPLTG −5.4 ptsSHNY −5.4 ptsUPLT −5.4 ptsADBG −5.3 ptsAFRU −5.3 ptsANEL −5.3 ptsBTCL −5.3 ptsROBN −5.3 ptsUPAL −5.3 ptsARCX −5.2 ptsBITU −5.2 ptsCOIG −5.2 ptsDLLL −5.1 ptsDUOG −5.1 ptsHOOG −5.1 ptsKORU −5.1 ptsRGTX −5.1 ptsCRCG −5.0 ptsRCAX −5.0 ptsETHU −4.9 ptsFIGG −4.9 ptsPOEL −4.9 ptsQSU −4.9 ptsCOIA −4.8 ptsPLTA −4.8 ptsPYPU −4.8 ptsHODU −4.7 ptsKMLI −4.7 ptsRIOX −4.7 ptsCONL −4.6 ptsMSTP −4.6 ptsNVOX −4.6 ptsUNX −4.5 ptsVSTL −4.5 ptsMULL −4.4 ptsPATX −4.4 ptsWYFL −4.4 ptsGEMG −4.3 ptsPANG −4.3 ptsPDDL −4.3 ptsMUU −4.1 ptsVALG −4.1 ptsXYZG −4.1 ptsAVXX −4.0 ptsCONX −4.0 ptsIRE −4.0 ptsSMU −4.0 ptsXTAI −4.0 ptsBTCU −3.9 ptsMSFX −3.9 ptsNVDX −3.9 ptsPTIR −3.9 ptsTEMT −3.9 ptsBEG −3.8 ptsNUG −3.8 ptsBITX −3.7 ptsLABU −3.7 ptsMSFU −3.7 ptsNEMG −3.7 ptsPONX −3.7 ptsSNOU −3.7 ptsTSMU −3.7 ptsUXRP −3.7 ptsXIWC −3.7 ptsAMPU −3.6 ptsAPHU −3.6 ptsASTY −3.6 ptsCCUP −3.6 ptsQUBX −3.6 ptsUCOP −3.6 ptsUNHG −3.6 ptsXLEX −3.6 ptsAAPX −3.5 ptsBRZX −3.5 ptsKTUP −3.5 ptsLUNL −3.5 ptsMSFL −3.5 ptsPLTU −3.5 ptsRBLU −3.5 ptsRDTL −3.5 ptsSNAG −3.5 ptsUECG −3.5 ptsXHOA −3.5 ptsAMDG −3.4 ptsAVGU −3.4 ptsDRN −3.4 ptsFDRX −3.4 ptsXAGI −3.4 ptsXBIX −3.4 ptsAMDL −3.2 ptsHIBL −3.2 ptsLITU −3.2 ptsMVLL −3.2 ptsRTXG −3.2 ptsSNDU −3.2 ptsXLFX −3.2 ptsCPNX −3.1 ptsLLYX −3.1 ptsMETU −3.1 ptsNFLU −3.1 ptsONDG −3.1 ptsSTXL −3.1 ptsAVGG −3.0 ptsCURE −3.0 ptsFAS −3.0 ptsFBL −3.0 ptsLULG −3.0 ptsNEBX −3.0 ptsOSSL −3.0 ptsRDWU −3.0 ptsSHPU −3.0 ptsSOFA −3.0 ptsUPSX −3.0 ptsXEUR −3.0 ptsXW −3.0 ptsAAPU −2.9 ptsCBRG −2.9 ptsCEGX −2.9 ptsNVDL −2.9 ptsPALU −2.9 ptsTAJX −2.9 ptsAMZU −2.8 ptsAVGX −2.8 ptsBAIG −2.8 ptsCLSX −2.8 ptsGOOX −2.8 ptsGRAG −2.8 ptsIONX −2.8 ptsKJD −2.8 ptsNBIG −2.8 ptsUUUG −2.8 ptsXKRE −2.8 ptsCRWG −2.7 ptsEURL −2.7 ptsGLWG −2.7 ptsNVDU −2.7 ptsPLUL −2.7 ptsRVNL −2.7 ptsSMUP −2.7 ptsSTXU −2.7 ptsTERG −2.7 ptsTSMX −2.7 ptsTTDU −2.7 ptsXLBX −2.7 ptsFCXG −2.6 ptsGEVG −2.6 ptsHUTG −2.6 ptsLITX −2.6 ptsNVDG −2.6 ptsONDU −2.6 ptsSPXL −2.6 ptsTECL −2.6 ptsTSMG −2.6 ptsUPRO −2.6 ptsURAA −2.6 ptsWEBL −2.6 ptsXLIX −2.6 ptsBOEG −2.5 ptsEDC −2.5 ptsEMXX −2.5 ptsMPG −2.5 ptsMRAL −2.5 ptsSOXL −2.5 ptsTSLT −2.5 ptsTXNU −2.5 ptsTYD −2.5 ptsXLKX −2.5 ptsAMA −2.4 ptsAMUU −2.4 ptsASMG −2.4 ptsCCPX −2.4 ptsCIEG −2.4 ptsDUSL −2.4 ptsINTW −2.4 ptsKPDD −2.4 ptsKRWX −2.4 ptsNXPG −2.4 ptsOKLL −2.4 ptsPLU −2.4 ptsTQQQ −2.4 ptsUBR −2.4 ptsUGLD −2.4 ptsUSLV −2.4 ptsUSX −2.4 ptsWEBX −2.4 ptsXNDX −2.4 ptsXOMX −2.4 ptsYINN −2.4 ptsAMKL −2.3 ptsBABU −2.3 ptsBOEU −2.3 ptsDPST −2.3 ptsELIL −2.3 ptsNBIL −2.3 ptsNFXL −2.3 ptsRKLX −2.3 ptsSNDG −2.3 ptsURTY −2.3 ptsAALG −2.2 ptsAAPB −2.2 ptsADBU −2.2 ptsAMAU −2.2 ptsASUP −2.2 ptsAVL −2.2 ptsCOTG −2.2 ptsCRMU −2.2 ptsEOSU −2.2 ptsGGLL −2.2 ptsGOU −2.2 ptsLEUX −2.2 ptsNUGT −2.2 ptsORCX −2.2 ptsTNA −2.2 ptsTSLG −2.2 ptsTSLL −2.2 ptsUDOW −2.2 ptsUMDD −2.2 ptsURE −2.2 ptsWANT −2.2 ptsWX −2.2 ptsASTX −2.1 ptsBEX −2.1 ptsCSCL −2.1 ptsKBAB −2.1 ptsLMTL −2.1 ptsPILL −2.1 ptsQCML −2.1 ptsUNHU −2.1 ptsUSGG −2.1 ptsUTSL −2.1 ptsBABX −2.0 ptsCIFG −2.0 ptsGLGG −2.0 ptsJNUG −2.0 ptsJOBX −2.0 ptsMEXX −2.0 ptsMIDU −2.0 ptsQCMU −2.0 ptsTMF −2.0 ptsTSLR −2.0 ptsVRTL −2.0 ptsXLPX −2.0 ptsXLVX −2.0 ptsXLYX −2.0 ptsASMU −1.9 ptsCBRX −1.9 ptsCOHH −1.9 ptsDFEN −1.9 ptsERX −1.9 ptsGLXU −1.9 ptsIREX −1.9 ptsORCU −1.9 ptsSPOG −1.9 ptsTPOR −1.9 ptsVELL −1.9 ptsWULX −1.9 ptsXLUX −1.9 ptsXPEG −1.9 ptsCIFU −1.8 ptsCWVX −1.8 ptsIBX −1.8 ptsLINT −1.8 ptsMRVU −1.8 ptsUSAX −1.8 ptsAAOG −1.7 ptsAAOX −1.7 ptsALBG −1.7 ptsAMZZ −1.7 ptsARMG −1.7 ptsAXTU −1.7 ptsBIDG −1.7 ptsCRWU −1.7 ptsEUVX −1.7 ptsFNGG −1.7 ptsGEVX −1.7 ptsIONL −1.7 ptsKBDU −1.7 ptsMPWX −1.7 ptsOPEX −1.7 ptsRETL −1.7 ptsRGTU −1.7 ptsSTXX −1.7 ptsUBRL −1.7 ptsUYG −1.7 ptsUYM −1.7 ptsAPLX −1.6 ptsBRZU −1.6 ptsCOHX −1.6 ptsCOZX −1.6 ptsCSEX −1.6 ptsDIG −1.6 ptsLTL −1.6 ptsNAIL −1.6 ptsNXPX −1.6 ptsSKYU −1.6 ptsSNXX −1.6 ptsUPV −1.6 ptsWDCX −1.6 ptsXCOM −1.6 ptsXPP −1.6 ptsAXTX −1.5 ptsEFO −1.5 ptsIREG −1.5 ptsISUL −1.5 ptsQBTX −1.5 ptsUGE −1.5 ptsAGQ −1.4 ptsCRMX −1.4 ptsLABX −1.4 ptsMCHU −1.4 ptsNIOG −1.4 ptsOPEG −1.4 ptsSAA −1.4 ptsSPUU −1.4 ptsSSO −1.4 ptsCWEB −1.3 ptsFLYT −1.3 ptsFNGO −1.3 ptsQLD −1.3 ptsRXL −1.3 ptsUWM −1.3 ptsAPPX −1.2 ptsEZJ −1.2 ptsINDL −1.2 ptsKLAG −1.2 ptsMVV −1.2 ptsROM −1.2 ptsUXI −1.2 ptsDDM −1.1 ptsLRCU −1.1 ptsNVTX −1.1 ptsPBRG −1.1 ptsUCC −1.1 ptsUGL −1.1 ptsUPW −1.1 ptsCRDU −1.0 ptsGUSH −1.0 ptsEET −0.9 ptsONX −0.9 ptsUVIX −0.9 ptsTSL −0.8 ptsUCO −0.8 ptsUST −0.8 ptsTEUP −0.7 ptsUBT −0.5 ptsCHAU −0.4 ptsCPXR 0.0 ptsHONG +2.2 ptsLMNX +8.1 ptsRKTL +10.1 ptsLNOK +44.5 ptsXRPT −3.5 ptsXRPT −3.5 pts−23.2 pts+44.5 pts

That is the share of the 391 leveraged ETFs, long, over three months sitting at or below XRPT. A position in this set, not a rating: it moves when the set moves, and it is not a figure to average against another desk's.

All leveraged ETFs ranked by this score · How it is computed

What it aimed at, and what it did

XRPT against its stated multipleOver the window to Sep 11, 2026, XRPR moved +19.4%. XRPT returned +25.9%, where 2 times that move implies +38.7%, a difference of −12.8 pts.+2x the move+38.7%XRPT returned+25.9%XRPR moved +19.4% over the same days

Over the window to Sep 11, 2026, XRPR moved +19.4%. XRPT returned +25.9%, where 2 times that move implies +38.7%. The difference is −12.8 pts.

Method

Period by period

XRPT over each window to Sep 11, 2026. Every figure is an ETFIQ calculation. Source: ETFIQ.
WindowFundXRPR+2x the moveDifferenceXRPR moved about
1 month+69.0%+34.8%+69.6%−0.5 pts87%
3 months+25.9%+19.4%+38.7%−12.8 pts66%
6 months−26.4%−3.7%−7.5%−18.9 pts59%
Since launch−91.1%−56.9%−113.9%+22.8 pts75%

Method

The same trade from 3 issuers

Every fund that sets out to return +2 times XRPR, over the days all of them have been trading. Ranked by how close each came to its own stated multiple.

XRPR funds at +2x, to Sep 11, 2026. Source: ETFIQ.
FundIssuerReturned+2x the moveDifference
XRPTnot established+25.9%+38.7%−12.8 pts
UXRPProShares+25.7%+38.7%−13.1 pts
XXRPTeucrium+23.8%+38.7%−14.9 pts

Method

In plain words

Read the multiple against the whole window instead and +2 times XRPR's 19.4% implies +38.7%, which makes XRPT look 12.8 points short. 9.3 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 66% 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 (Volatility Shares Trust XRP 2X ETF), leveraged ETFs fields as of Sep 11, 2026. Source: ETFIQ.
Sets out to return+2 times the daily move of XRPR, reset daily
Multiple a holder actually got over the window (ETFIQ)+1.34 times, against +2 stated
UnderlyingXRPR
Segmentasset class, crypto
Expense rationot read by ETFIQ
LaunchedMay 22, 2025
Underlying volatility over the window (ETFIQ)66% annualized

Returns are ETFIQ calculations from Tiingo end-of-day prices, distributions reinvested, measured against the underlying over exactly the same days. How these figures are computed

Questions people ask

Did XRPT return +2 times XRPR?
Over the window to Sep 11, 2026, XRPR moved +19.4% and XRPT returned +25.9%. 2 times that move is +38.7%, so the fund came out 12.8 points short of it.
Why does XRPT not return +2 times over a year?
Because it resets daily. XRPT aims at +2 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what +2 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get.
Which +2x XRPR ETF tracked its stated multiple most closely?
3 issuers sell one. Over the days all of them have been trading, the table on this page ranks them by how far each finished from 2 times the underlying's move. ETFIQ does not rate funds; the order is the arithmetic.

The words on this page

Stated multiple
What the fund sets out to return against its underlying, each day. A fund at 2x aims to return twice the underlying’s daily move, and an inverse fund at -2x aims to return twice it in the opposite direction.
Daily reset
The fund starts each day aiming at the multiple again, from wherever it now stands. It is the mechanism that makes these funds behave as they do, and the reason the stated multiple applies to a day rather than to a holding period.
Compounding
Daily results multiply together rather than adding up. Two days of the multiple is not twice the multiple, and over a run of days the difference between the two grows with how far the underlying moves about.
Decay
What compounding costs a holder when the underlying falls and rises back to where it started. The underlying is level and the fund is down; the more violently it moved, the further down.
Difference against the stated multiple
The fund’s return minus the stated multiple times the underlying’s return, in percentage points. The one figure that says whether a holder got what the fund’s own multiple describes.

Every term used here, defined in full on the leveraged ETFs vocabulary page.

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.

Compare XRPT

Other funds on XRPR

Where to next

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The label bar for XRPT, redrawn every trading night. Free to use with the credit link.

XRPT label bar, ETFIQ

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<p><a href="https://etfiq.com/funds/XRPT">XRPT label bar, updated daily by ETFIQ</a></p>

Where XRPT is written about

XRPT, Leveraged ETFs, ETFIQ, data as of Sep 11, 2026. Every figure is arithmetic on a named public source; the method is at etfiq.com/methodology. ETFIQ is an independent publisher, is not a fund issuer, broker-dealer or investment adviser, and makes no recommendations.
Use this data, or open the live card

Open XRPT live on ETFIQ, where the figures refresh with the data.

Cite this page. ETFIQ, XRPT, leveraged ETFs, data as of Sep 11, 2026. https://etfiq.com/funds/XRPT Free to use with attribution; the underlying files are at Open data.

How these figures are computed · Standards and sources