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TDOG vs THYP

21Shares Dogecoin ETF

TDOGCNasdaq

21Shares Hyperliquid ETF

THYPANasdaq

Overlap

Expense ratio

THYP −0.20pt a year

TDOG0.50%THYP0.30%

Avg volume · 30D

THYP 21.6×the volume

TDOG3.75KTHYP80.9K

TDOG vs THYP Performance

Jul 31, 2026 – Oct 30, 2026

+7.8%TDOG+73.7%THYP

Jul 31, 2026 to Oct 30, 2026. TDOG +7.8%. THYP +73.7%. Use the arrow keys to read each point.20%40%60%Jul 2026Sep 2026Oct 2026
Expense ratio
TDOG 0.50%
THYP 0.30%, better
Fund size
TDOG $2M
THYP $66M
Holdings
TDOG 1
THYP 1
Avg volume (30D)
TDOG 3.75K sh
THYP 80.9K sh, better
NAV per share
TDOG $15.04
THYP $52.25
52W range

ETF.net Grade

TDOG: Cost 28, Risk 54, Mission 96, Tradability 34, Holdings not scored, Durability 19. THYP: Cost 86, Risk 77, Mission not scored, Tradability 72, Holdings 45, Durability 41.
Pillar letters and Scores for TDOG, THYP, with each pillar’s weight
PillarTDOGTHYP
Cost30% weightD28A86Higher
Mission25% weightA96Not scored
Risk15% weightC54A77Higher
Tradability15% weightD34A72Higher
Holdings10% weightNot scoredC45
Durability5% weightF19C41Higher

Rank among Crypto Spot funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. TDOG and THYP are both graded against the same 25 Crypto Spot funds, so their Grades compare head to head.

Crypto Spot⁠

Category · 25 funds
See all 25 ›

THYP ranks 3rd and TDOG 19th of 25 funds in the Crypto Spot Category.

  1. Rank 1AXRPZFranklin XRP ETFScore 86
  2. Rank 2AHYPGGrayscale Hyperliquid Staking ETFScore 81
  3. Rank 3ATHYP21Shares Hyperliquid ETFScore 77
  4. Rank 4AXRPBitwise XRP ETFScore 75
  5. Rank 19CLTCCCanary Litecoin ETFScore 40
  6. Rank 19CTDOG21Shares Dogecoin ETFScore 40
  7. Rank 21DDOJEREX-Osprey DOGE ETFScore 36

Our read on each fund

ETF.net Research

TDOGC21Shares Dogecoin ETF

THYPA21Shares Hyperliquid ETF

In short

TDOG No data

THYP The first US spot ETF for HYPE, the token behind the Hyperliquid perpetuals exchange. It holds the coin directly, stakes a slice of it, and charges less than the typical spot-crypto fund.

Stated mandate

TDOG No data

THYP The Trust seeks to track HYPE's performance through the FTSE Hyperliquid Index, net of expenses and liabilities, and may reflect staking rewards at the Sponsor's discretion.

Why people hold it

TDOG No data

  • THYP First US-listed spot Hyperliquid ETF: HYPE exposure inside an ordinary brokerage account, with no wallet, no private keys and no crypto exchange login.21shares.com
  • Staking is built into the wrapper. A portion of the trust's HYPE is staked on the network, and rewards are passed to shareholders in cash rather than kept inside the token.21shares.com
  • The 0.30% sponsor fee sits below the 0.35% median for spot-crypto ETFs and under BHYP, which tracks the same FTSE Hyperliquid Index.
  • Coins are held by Anchorage Digital Bank and BitGo Bank & Trust, federally chartered trust banks built for digital assets.21shares.com

Worth knowing

TDOG No data

  • THYP One token, one protocol. Value moves with the price of HYPE, the native asset of a young derivatives exchange, so drawdowns can be deep and fast.decrypt.co
  • Launched in 2026, so there is little history to judge it by, and how much of the HYPE gets staked is set at the sponsor's discretion.
  • It is a grantor trust, not a registered investment company, so the shareholder protections that come with 1940 Act funds do not apply here.

Full TDOG profile⁠

Full THYP profile⁠

TDOG vs THYP Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

TDOG vs THYP Cost

Overpaying TDOG vs THYP

$3,830

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • TDOG 0.50%

    $9,979

  • THYP 0.30%

    $6,149

$10,000
30 years

Cost over time

  • TDOG 0.50%
  • THYP 0.30%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530TDOG $9,979THYP $6,149

Year by year

YearTDOGTHYPOverpaying
10$900$545$355
20$3,460$2,113$1,347
30$9,979$6,149$3,830

Expense ratio

  • 0.50%TDOG
  • 0.30%THYP, cheaper
  • Middle half of Crypto Spot funds
  • Median 0.35%

THYP 3rd cheapest of 25 funds

TDOG 17th cheapest of 25 funds

TDOG vs THYP Dividends

Last 12 months to Oct 30, 2026
Payout (12M)
TDOG None
THYP No data
Last payment
TDOG No data
THYP $0.19
Ex-dividend
TDOG No data
THYP Sep 29, 2026
Paid on
TDOG No data
THYP Sep 30, 2026
Frequency
TDOG No data
THYP Quarterly

Distribution history

Per share, 2026, same scale for both

TDOGAll TDOG payments⁠

No distribution history available.

THYPQuarterly · 2 paymentsAll THYP payments⁠
One bar per payment. 2 payments in 2026 YTD. Jun 29, 2026 $0.04; Sep 29, 2026 $0.19. Use the arrow keys to read each point.$0$0.202026YTD

TDOG vs THYP Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

Market sensitivityBeta, 5 years
TDOG 1.77THYP −0.29

TDOG and THYP in the news

All news⁠

Popular comparisons

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