BSOL vs. BAVA

Last updated Jul 17, 2026

BSOL (Bitwise Solana Staking ETF) and BAVA (Bitwise Avalanche ETF) are both Cryptocurrency funds from Bitwise. BSOL is passively managed, while BAVA is actively managed. Their correlation of 0.87 suggests significant overlap in exposure.

Performance

BSOL vs. BAVA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bitwise Solana Staking ETF (BSOL) and Bitwise Avalanche ETF (BAVA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BSOL

• 1D: -1.90%
• 1M: 3.00%
• 6M: -44.95%
• YTD: -37.20%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BAVA

• 1D: -1.42%
• 1M: -3.30%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BSOL vs. BAVA - Yearly Performance Comparison

	2026 (YTD)
BSOL Bitwise Solana Staking ETF	-8.69%
BAVA Bitwise Avalanche ETF	-28.96%

Correlation

The correlation between BSOL and BAVA is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 15, 2026	0.87

Return for Risk

BSOL vs. BAVA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bitwise Solana Staking ETF (BSOL) and Bitwise Avalanche ETF (BAVA). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

BSOL vs. BAVA - Drawdown Comparison

The maximum BSOL drawdown since its inception was -67.62%, which is greater than BAVA's maximum drawdown of -40.15%. Use the drawdown chart below to compare losses from any high point for BSOL and BAVA.

Drawdown Indicators

	BSOL	BAVA	Difference
Max Drawdown Largest peak-to-trough decline	-67.62%	-40.15%	-27.47%
Current Drawdown Current decline from peak	-61.13%	-34.95%	-26.18%
Average Drawdown Average peak-to-trough decline	-48.21%	-19.51%	-28.70%

Volatility

Volatility by Period

	BSOL	BAVA	Difference
Volatility (1Y) Calculated over the trailing 1-year period	75.33%	52.51%	+22.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	75.33%	52.51%	+22.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	75.33%	52.51%	+22.82%

Dividends

BSOL vs. BAVA - Dividend Comparison

Neither BSOL nor BAVA has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both BSOL and BAVA in my portfolio?

BSOL and BAVA have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF pays a higher dividend yield, BSOL or BAVA?

BSOL and BAVA have nearly identical dividend yields, around 0.00%.