SPY vs XRPI
State Street SPDR S&P 500 ETF Trust vs Volatility XRP ETF
Which is better, SPY or XRPI?
SPY has been ahead.
SPY has a lower expense ratio. SPY led over 1Y and the full window.
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 | SPY | XRPI |
|---|---|---|
| Expense Ratio | 0.09%Best | 1.68% |
| AUM | $804.7B | $104M |
| Dividend Yield | 0.98% | 2.94% |
| Holdings | 505 | 3 |
| YTD Return | +12.47%Best | -34.65% |
| 1Y Return | +17.51%Best | -59.27% |
| 3Y Return (annualized) | +21.18% | - |
| 5Y Return (annualized) | +12.88% | - |
| Volatility (annualized) | 11.9%Best | 52.6% |
| Max Drawdown | -8.9%Best | -75.6% |
| $10,000 over 1.3 years | $13,275Best | $4,815 |
| Fund Family | State Street Investment Management | Volatility Shares, LLC |
| Category | Equity | Alternative |
| Style | Large Cap Blend | - |
| Inception | Jan 22, 1993 | May 22, 2025 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.3 years row, are measured over the window both funds cover: May 22, 2025 to Sep 11, 2026 (1.3 years).
SPY vs XRPI 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 covers the 1.3 years both funds cover.
SPY vs XRPI Performance
State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and Volatility XRP ETF (XRPI) is an ETF from Volatility Shares, LLC. Over the past year SPY returned +17.51% while XRPI returned -59.27%. Year to date, SPY is up 12.47% versus a loss of 34.65% for XRPI.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
XRPI has been the more volatile fund, with annualized monthly volatility of 52.6% compared with 11.9% 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 -8.9% for SPY and -75.6% for XRPI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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
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 0.98% against 2.94% for XRPI.
You are not choosing between two funds in isolation.
Whichever of SPY and XRPI 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, SPY or XRPI?
SPY has an expense ratio of 0.09% while XRPI charges 1.68%. SPY is the cheaper option, by $159 a year on a $10,000 investment.
Which performed better, SPY or XRPI?
Over the past year SPY returned +17.51% vs -59.27% for XRPI, so SPY leads on 1-year performance. Over the longest common window we track (1 years), SPY annualized +24.35% vs -43.00% for XRPI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPY or XRPI?
XRPI has been the more volatile fund at 52.6% annualized versus 11.9% for SPY. Worst drawdown: SPY -8.9% vs XRPI -75.6%.
Should I hold both SPY and XRPI?
SPY and XRPI 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, SPY or XRPI?
SPY yields 0.98% while XRPI yields 2.94%, so XRPI currently pays the higher dividend yield.
Is XRPI better than SPY?
SPY has a lower expense ratio. SPY led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.