BFAP vs. SOLX.TO

Last updated Jun 4, 2026

BFAP (FT Vest Bitcoin Strategy Floor15 ETF - April) and SOLX.TO (CI Galaxy Solana ETF) are both Cryptocurrency funds. A 0.53 correlation means they provide meaningful diversification when combined. BFAP charges 0.90%/yr vs 1.00%/yr for SOLX.TO.

Performance

BFAP vs. SOLX.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest Bitcoin Strategy Floor15 ETF - April (BFAP) and CI Galaxy Solana ETF (SOLX.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

BFAP is traded in USD, while SOLX.TO is traded in CAD. To make them comparable, the SOLX.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, BFAP achieves a -20.89% return, which is significantly higher than SOLX.TO's -40.61% return.

BFAP

• 1D: -1.05%
• 1M: -7.01%
• YTD: -20.89%
• 6M: -23.66%
• 1Y: -24.44%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SOLX.TO

• 1D: -2.76%
• 1M: -11.31%
• YTD: -40.61%
• 6M: -49.50%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BFAP vs. SOLX.TO - Yearly Performance Comparison

	2026 (YTD)	2025
BFAP FT Vest Bitcoin Strategy Floor15 ETF - April	-20.89%	-10.12%
SOLX.TO CI Galaxy Solana ETF	-40.61%	-40.04%

Correlation

The correlation between BFAP and SOLX.TO is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 3, 2025	0.53

Return for Risk

BFAP vs. SOLX.TO — Risk / Return Rank

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

BFAP

BFAP Risk / Return Rank: 1
BFAP Sharpe Ratio Rank: 1
BFAP Sortino Ratio Rank: 1
BFAP Omega Ratio Rank: 1
BFAP Calmar Ratio Rank: 2
BFAP Martin Ratio Rank: 1

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.

BFAP vs. SOLX.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest Bitcoin Strategy Floor15 ETF - April (BFAP) and CI Galaxy Solana ETF (SOLX.TO). 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.

	BFAP	SOLX.TO	Difference
Sharpe ratio: Return per unit of total volatility	-1.15	—	—
Sortino ratio: Return per unit of downside risk	-1.58	—	—
Omega ratio: Gain probability vs. loss probability	0.81	—	—
Calmar ratio: Return relative to maximum drawdown	-0.79	—	—
Martin ratio: Return relative to average drawdown	-1.45	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	BFAP	SOLX.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.15	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.59	-1.02	+0.43

Drawdowns

BFAP vs. SOLX.TO - Drawdown Comparison

The maximum BFAP drawdown since its inception was -31.25%, smaller than the maximum SOLX.TO drawdown of -70.65%. Use the drawdown chart below to compare losses from any high point for BFAP and SOLX.TO.

Drawdown Indicators

	BFAP	SOLX.TO	Difference
Max Drawdown Largest peak-to-trough decline	-31.25%	-70.65%	+39.40%
Max Drawdown (1Y) Largest decline over 1 year	-31.25%	—	—
Current Drawdown Current decline from peak	-31.25%	-70.65%	+39.40%
Average Drawdown Average peak-to-trough decline	-10.77%	-47.90%	+37.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.89%	—	—

Volatility

Volatility by Period

	BFAP	SOLX.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.59%	—	—
Volatility (6M) Calculated over the trailing 6-month period	17.66%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	21.26%	73.85%	-52.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.57%	73.85%	-53.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.57%	73.85%	-53.28%

BFAP vs. SOLX.TO - Expense Ratio Comparison

BFAP has a 0.90% expense ratio, which is lower than SOLX.TO's 1.00% expense ratio.

Dividends

BFAP vs. SOLX.TO - Dividend Comparison

BFAP's dividend yield for the trailing twelve months is around 23.98%, while SOLX.TO has not paid dividends to shareholders.

Position	TTM	2025
BFAP FT Vest Bitcoin Strategy Floor15 ETF - April	23.98%	18.97%
SOLX.TO CI Galaxy Solana ETF	0.81%	0.49%

Frequently Asked Questions

Can I hold both BFAP and SOLX.TO in my portfolio?

BFAP and SOLX.TO have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BFAP or SOLX.TO?

On fees, BFAP is cheaper at 0.90% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BFAP or SOLX.TO?

BFAP is cheaper with a 0.90% expense ratio, compared with 1.00% for SOLX.TO.

What is the main difference between BFAP and SOLX.TO?

They also come from different issuers: First Trust and CI. Their fees differ too: 0.90% for BFAP and 1.00% for SOLX.TO.