2UNI.DE vs. SOL-USD

Last updated Jun 5, 2026

2UNI.DE (21Shares Uniswap ETP) is Cryptocurrency fund actively managed by 21Shares, while SOL-USD (Solana) is a cryptocurrency. Over the past 3 years, 2UNI.DE returned -22.20%/yr vs 43.31%/yr for SOL-USD. At a 0.36 correlation, their price movements are largely independent.

Performance

2UNI.DE vs. SOL-USD - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in 21Shares Uniswap ETP (2UNI.DE) and Solana (SOL-USD). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

2UNI.DE is traded in EUR, while SOL-USD is traded in USD. To make them comparable, the SOL-USD values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, 2UNI.DE achieves a -55.01% return, which is significantly lower than SOL-USD's -47.03% return.

2UNI.DE

• 1D: -7.36%
• 1M: -21.31%
• YTD: -55.01%
• 6M: -52.51%
• 1Y: -59.52%
• 3Y*: -22.20%
• 5Y*: —
• 10Y*: —

SOL-USD

• 1D: -5.27%
• 1M: -26.05%
• YTD: -47.03%
• 6M: -51.00%
• 1Y: -55.51%
• 3Y*: 43.31%
• 5Y*: 12.78%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

2UNI.DE vs. SOL-USD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
2UNI.DE 21Shares Uniswap ETP	-55.01%	-61.02%	80.81%	41.60%	-51.05%
SOL-USD Solana	-47.03%	-41.91%	89.57%	938.27%	-91.06%

Correlation

The correlation between 2UNI.DE and SOL-USD is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (3Y) Calculated over the trailing 3-year period	0.35
Correlation (All Time) Calculated using the full available price history since Apr 7, 2022	0.36

Return for Risk

2UNI.DE vs. SOL-USD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

2UNI.DE

2UNI.DE Risk / Return Rank: 3
2UNI.DE Sharpe Ratio Rank: 4
2UNI.DE Sortino Ratio Rank: 4
2UNI.DE Omega Ratio Rank: 4
2UNI.DE Calmar Ratio Rank: 2
2UNI.DE Martin Ratio Rank: 3

SOL-USD

SOL-USD Risk / Return Rank: 46
SOL-USD Sharpe Ratio Rank: 42
SOL-USD Sortino Ratio Rank: 43
SOL-USD Omega Ratio Rank: 45
SOL-USD Calmar Ratio Rank: 52
SOL-USD Martin Ratio Rank: 47

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

2UNI.DE vs. SOL-USD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 21Shares Uniswap ETP (2UNI.DE) and Solana (SOL-USD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	2UNI.DE	SOL-USD	Difference
Sharpe ratio: Return per unit of total volatility	-0.65	-0.78	+0.13
Sortino ratio: Return per unit of downside risk	-0.82	-1.06	+0.24
Omega ratio: Gain probability vs. loss probability	0.91	0.89	+0.02
Calmar ratio: Return relative to maximum drawdown	-0.77	-0.76	-0.01
Martin ratio: Return relative to average drawdown	-1.16	-1.23	+0.07
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

2UNI.DE vs. SOL-USD - Sharpe Ratio Comparison

The current 2UNI.DE Sharpe Ratio is -0.65, which is comparable to the SOL-USD Sharpe Ratio of -0.78. The chart below compares the historical Sharpe Ratios of 2UNI.DE and SOL-USD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	2UNI.DE	SOL-USD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.65	-0.78	+0.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.13	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.32	0.80	-1.12

Drawdowns

2UNI.DE vs. SOL-USD - Drawdown Comparison

The maximum 2UNI.DE drawdown since its inception was -87.06%, smaller than the maximum SOL-USD drawdown of -95.78%. Use the drawdown chart below to compare losses from any high point for 2UNI.DE and SOL-USD.

Drawdown Indicators

	2UNI.DE	SOL-USD	Difference
Max Drawdown Largest peak-to-trough decline	-87.06%	-95.78%	+8.72%
Max Drawdown (1Y) Largest decline over 1 year	-77.73%	-73.28%	-4.45%
Max Drawdown (3Y) Largest decline over 3 years	-87.06%	-77.29%	-9.77%
Max Drawdown (5Y) Largest decline over 5 years	—	-95.78%	—
Current Drawdown Current decline from peak	-87.06%	-77.29%	-9.77%
Average Drawdown Average peak-to-trough decline	-50.03%	-50.48%	+0.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	51.37%	51.74%	-0.37%

Volatility

2UNI.DE vs. SOL-USD - Volatility Comparison

21Shares Uniswap ETP (2UNI.DE) has a higher volatility of 22.48% compared to Solana (SOL-USD) at 15.03%. This indicates that 2UNI.DE's price experiences larger fluctuations and is considered to be riskier than SOL-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	2UNI.DE	SOL-USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.48%	15.03%	+7.45%
Volatility (6M) Calculated over the trailing 6-month period	55.88%	46.58%	+9.30%
Volatility (1Y) Calculated over the trailing 1-year period	91.79%	58.97%	+32.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	94.29%	81.32%	+12.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	94.29%	101.03%	-6.74%

Frequently Asked Questions

Can I hold both 2UNI.DE and SOL-USD in my portfolio?

2UNI.DE and SOL-USD have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.