BSOL vs. BTRN

Last updated Jun 4, 2026

BSOL (Bitwise Solana Staking ETF) and BTRN (Global X Bitcoin Trend Strategy ETF) are both Cryptocurrency funds - BSOL tracks the Solana (SOL) spot price while BTRN tracks the CoinDesk Bitcoin Trend Indicator Futures Index. Both are passively managed. At a 0.44 correlation, their price movements are largely independent. BSOL charges 0.20%/yr vs 0.95%/yr for BTRN.

Performance

BSOL vs. BTRN - Performance Comparison

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

Returns By Period

In the year-to-date period, BSOL achieves a -40.79% return, which is significantly lower than BTRN's -9.29% return.

BSOL

• 1D: -4.71%
• 1M: -14.67%
• YTD: -40.79%
• 6M: -47.91%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BTRN

• 1D: -1.35%
• 1M: -12.31%
• YTD: -9.29%
• 6M: -9.90%
• 1Y: -18.31%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BSOL vs. BTRN - Yearly Performance Comparison

	2026 (YTD)	2025
BSOL Bitwise Solana Staking ETF	-40.79%	-35.81%
BTRN Global X Bitcoin Trend Strategy ETF	-9.29%	-2.71%

Correlation

The correlation between BSOL and BTRN is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 29, 2025	0.44

Return for Risk

BSOL vs. BTRN — Risk / Return Rank

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

BTRN

BTRN Risk / Return Rank: 2
BTRN Sharpe Ratio Rank: 2
BTRN Sortino Ratio Rank: 2
BTRN Omega Ratio Rank: 2
BTRN Calmar Ratio Rank: 3
BTRN Martin Ratio Rank: 3

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.

BSOL vs. BTRN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bitwise Solana Staking ETF (BSOL) and Global X Bitcoin Trend Strategy ETF (BTRN). 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.

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

Sharpe Ratios by Period

	BSOL	BTRN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.93	—
Sharpe Ratio (All Time) Calculated using the full available price history	-1.07	0.00	-1.08

Drawdowns

BSOL vs. BTRN - Drawdown Comparison

The maximum BSOL drawdown since its inception was -62.00%, which is greater than BTRN's maximum drawdown of -36.97%. Use the drawdown chart below to compare losses from any high point for BSOL and BTRN.

Drawdown Indicators

	BSOL	BTRN	Difference
Max Drawdown Largest peak-to-trough decline	-62.00%	-36.97%	-25.03%
Max Drawdown (1Y) Largest decline over 1 year	—	-25.29%	—
Current Drawdown Current decline from peak	-62.00%	-25.29%	-36.71%
Average Drawdown Average peak-to-trough decline	-43.66%	-14.41%	-29.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	14.68%	—

Volatility

Volatility by Period

	BSOL	BTRN	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.24%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.35%	—
Volatility (1Y) Calculated over the trailing 1-year period	75.26%	19.91%	+55.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	75.26%	30.96%	+44.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	75.26%	30.96%	+44.30%

BSOL vs. BTRN - Expense Ratio Comparison

BSOL has a 0.20% expense ratio, which is lower than BTRN's 0.95% expense ratio.

Dividends

BSOL vs. BTRN - Dividend Comparison

BSOL has not paid dividends to shareholders, while BTRN's dividend yield for the trailing twelve months is around 30.60%.

Position	TTM	2025	2024
BSOL Bitwise Solana Staking ETF	0.00%	0.00%	0.00%
BTRN Global X Bitcoin Trend Strategy ETF	30.60%	27.76%	2.56%

Frequently Asked Questions

Can I hold both BSOL and BTRN in my portfolio?

BSOL and BTRN have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BSOL or BTRN?

On fees, BSOL is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BSOL or BTRN?

BSOL is cheaper with a 0.20% expense ratio, compared with 0.95% for BTRN.

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

BTRN has the higher dividend yield at 30.60%, compared with 0.00% for BSOL.

What is the main difference between BSOL and BTRN?

BSOL tracks Solana (SOL) spot price, while BTRN tracks CoinDesk Bitcoin Trend Indicator Futures Index. They also come from different issuers: Bitwise and Global X. Their fees differ too: 0.20% for BSOL and 0.95% for BTRN.