GXRP vs SPY
Grayscale XRP Trust ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, GXRP or SPY?
Single Currency against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | GXRP | SPY |
|---|---|---|
| Expense Ratio | 0.35% | 0.09%Best |
| AUM | $80M | $777.9B |
| Dividend Yield | 0.00% | 1.00% |
| Holdings | 1 | 1,011 |
| YTD Return | -47.88% | +11.69%Best |
| 1Y Return | -54.12% | +11.99%Best |
| 3Y Return (annualized) | - | +21.29% |
| 5Y Return (annualized) | - | +11.62% |
| Volatility (annualized) | 51.8% | 13.3%Best |
| Fund Family | Grayscale | State Street Investment Management |
| Category | Alternative | Equity |
| Style | Single Currency | Large Cap Blend |
| Inception | Nov 24, 2025 | Jan 22, 1993 |
Not shown on this pair: Max Drawdown, $10,000 over the window, Top 10 Weight.
GXRP vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
GXRP vs SPY Performance
Grayscale XRP Trust ETF (GXRP) is an ETF from Grayscale and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year GXRP returned -54.12% while SPY returned +11.99%. Year to date, GXRP is down 47.88% versus a gain of 11.69% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GXRP has been the more volatile fund, with annualized monthly volatility of 51.8% compared with 13.3% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The two funds' monthly returns correlate at 0.30. They move together some of the time, and apart the rest.
Fees and Cost Over Time
GXRP charges 0.35% per year while SPY charges 0.09%. On a $10,000 position that is $35 vs $9 annually, a gap of $26 per year that compounds over a long holding period. On income, GXRP currently yields 0.00% against 1.00% for SPY.
You are not choosing between two funds in isolation.
Whichever of GXRP and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, GXRP or SPY?
GXRP has an expense ratio of 0.35% while SPY charges 0.09%. SPY is the cheaper option, by $26 a year on a $10,000 investment.
Which performed better, GXRP or SPY?
Over the past year GXRP returned -54.12% vs +11.99% for SPY, so SPY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GXRP or SPY?
GXRP has been the more volatile fund at 51.8% annualized versus 13.3% for SPY.
Should I hold both GXRP and SPY?
GXRP and SPY have a monthly-return correlation of 0.30, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, GXRP or SPY?
GXRP yields 0.00% while SPY yields 1.00%, so SPY currently pays the higher dividend yield.
Is SPY better than GXRP?
SPY has a lower expense ratio. SPY led over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.