BSOL vs. BHYP

Last updated Jul 17, 2026

BSOL (Bitwise Solana Staking ETF) and BHYP (Bitwise Hyperliquid ETF) are both Cryptocurrency funds from Bitwise. BSOL is passively managed, while BHYP is actively managed. A 0.58 correlation means they provide meaningful diversification when combined.

Performance

BSOL vs. BHYP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bitwise Solana Staking ETF (BSOL) and Bitwise Hyperliquid ETF (BHYP). 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*: —

BHYP

• 1D: -6.95%
• 1M: -14.05%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BSOL vs. BHYP - Yearly Performance Comparison

	2026 (YTD)
BSOL Bitwise Solana Staking ETF	-17.86%
BHYP Bitwise Hyperliquid ETF	43.76%

Correlation

The correlation between BSOL and BHYP is 0.58, 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 May 15, 2026	0.58

Return for Risk

BSOL vs. BHYP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bitwise Solana Staking ETF (BSOL) and Bitwise Hyperliquid ETF (BHYP). 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. BHYP - Drawdown Comparison

The maximum BSOL drawdown since its inception was -67.62%, which is greater than BHYP's maximum drawdown of -27.22%. Use the drawdown chart below to compare losses from any high point for BSOL and BHYP.

Drawdown Indicators

	BSOL	BHYP	Difference
Max Drawdown Largest peak-to-trough decline	-67.62%	-27.22%	-40.40%
Current Drawdown Current decline from peak	-61.13%	-15.81%	-45.32%
Average Drawdown Average peak-to-trough decline	-48.21%	-8.62%	-39.59%

Volatility

Volatility by Period

	BSOL	BHYP	Difference
Volatility (1Y) Calculated over the trailing 1-year period	75.33%	98.49%	-23.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	75.33%	98.49%	-23.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	75.33%	98.49%	-23.16%

Dividends

BSOL vs. BHYP - Dividend Comparison

Neither BSOL nor BHYP has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both BSOL and BHYP in my portfolio?

BSOL and BHYP have a correlation of 0.58, 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 BHYP?

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