SPY vs XRPI
State Street SPDR S&P 500 ETF Trust vs Volatility XRP ETF
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | SPY | XRPI | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 1.68% | |
| AUM | $821.1B | $82M | |
| Dividend Yield | 1.01% | 4.22% | |
| Holdings | 505 | 3 | |
| YTD Return | +12.68% | -33.80% | |
| 1Y Return | +21.82% | -57.12% | |
| 3Y Return (annualized) | +21.98% | - | |
| 5Y Return (annualized) | +12.89% | - | |
| Volatility (annualized) | 15.3% | 53.8% | |
| Max Drawdown | -56.5% | -75.6% | |
| Fund Family | State Street Investment Management | Volatility Shares, LLC | |
| Category | Equity | Alternative | |
| Inception | Jan 22, 1993 | May 22, 2025 |
SPY vs XRPI Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and Volatility XRP ETF (XRPI) is a ETF from Volatility Shares, LLC. Over the past year SPY returned +21.82% while XRPI returned -57.12%. Year to date, SPY is up 12.68% versus a loss of 33.80% for XRPI.
Risk: Volatility and Drawdowns
XRPI has been the more volatile fund, with annualized monthly volatility of 53.8% compared with 15.3% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -56.5% for SPY and -75.6% for XRPI. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.30. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SPY charges 0.09% per year while XRPI charges 1.68%. On a $10,000 position that is $9 vs $168 annually, a gap of $159 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 4.22% for XRPI.
Frequently Asked Questions
Which is cheaper, SPY or XRPI?
SPY has an expense ratio of 0.09% while XRPI charges 1.68%. SPY is the cheaper option. On a $10,000 investment, that is $159 per year of difference.
Which performed better, SPY or XRPI?
Over the past year SPY returned +21.82% vs -57.12% for XRPI, so SPY leads on 1-year performance. Over the longest common window we track (1 years), SPY annualized +8.81% vs -43.88% for XRPI. Past performance does not guarantee future results.
Which is riskier, SPY or XRPI?
XRPI has been the more volatile fund at 53.8% annualized versus 15.3% for SPY. Worst drawdown: SPY -56.5% vs XRPI -75.6%.
Should I hold both SPY and XRPI?
SPY and XRPI have a monthly-return correlation of 0.30, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, SPY or XRPI?
SPY yields 1.01% while XRPI yields 4.22%, so XRPI currently pays the higher dividend yield.
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