BSOL vs. ETHW
BSOL (Bitwise Solana Staking ETF) and ETHW (Bitwise Ethereum ETF) are both Cryptocurrency funds from Bitwise. BSOL is passively managed, while ETHW is actively managed. Their correlation of 0.90 means they have usually moved in the same direction. Both charge a 0.20% expense ratio.
Performance
BSOL vs. ETHW - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with BSOL having a -39.21% return and ETHW slightly higher at -37.28%.
BSOL
- 1D
- -2.25%
- 1M
- -9.28%
- 6M
- -35.76%
- YTD
- -39.21%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
ETHW
- 1D
- -3.05%
- 1M
- 9.61%
- 6M
- -30.30%
- YTD
- -37.28%
- 1Y
- -46.96%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -26.96%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $24.59M | $28.04M | $28.11M | |
| $14.26M | $11.82M | $10.86M |
BSOL vs. ETHW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BSOL Bitwise Solana Staking ETF | -39.21% | -38.11% |
ETHW Bitwise Ethereum ETF | -37.28% | -29.31% |
Correlation
The correlation between BSOL and ETHW is 0.90, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 28, 2025 | 0.90 |
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Return for Risk
BSOL vs. ETHW — Risk / Return Rank
BSOL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
ETHW
BSOL vs. ETHW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitwise Solana Staking ETF (BSOL) and Bitwise Ethereum ETF (ETHW). 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.
| BSOL | ETHW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.89 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.74 | — |
| Martin ratioReturn relative to average drawdown | — | -1.11 | — |
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Drawdowns
BSOL vs. ETHW - Drawdown Comparison
The maximum BSOL drawdown since its inception was -67.62%, roughly equal to the maximum ETHW drawdown of -67.89%. Use the drawdown chart below to compare losses from any high point for BSOL and ETHW.
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Drawdown Indicators
| BSOL | ETHW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.62% | -67.89% | +0.27% |
Max Drawdown (1Y)Largest decline over 1 year | — | -67.89% | — |
Current DrawdownCurrent decline from peak | -62.38% | -61.55% | -0.83% |
Average DrawdownAverage peak-to-trough decline | -48.97% | -35.20% | -13.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 45.37% | — |
Volatility
BSOL vs. ETHW - Volatility Comparison
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Volatility by Period
| BSOL | ETHW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 13.10% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 45.97% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 73.59% | 67.15% | +6.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 73.59% | 71.13% | +2.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 73.59% | 71.13% | +2.46% |
BSOL vs. ETHW - Expense Ratio Comparison
Both BSOL and ETHW have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
BSOL vs. ETHW - Dividend Comparison
Neither BSOL nor ETHW has paid dividends to shareholders.
Frequently Asked Questions
BSOL and ETHW have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
BSOL and ETHW have the same expense ratio: 0.20% per year.
BSOL and ETHW have nearly identical dividend yields, around 0.00%.
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