BSOL vs. ETHW

Last updated Jun 4, 2026

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 suggests significant overlap in exposure. Both charge a 0.20% expense ratio.

Performance

BSOL vs. ETHW - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with BSOL having a -40.79% return and ETHW slightly higher at -39.45%.

BSOL

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

ETHW

• 1D: -5.78%
• 1M: -23.65%
• YTD: -39.45%
• 6M: -42.65%
• 1Y: -31.71%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BSOL vs. ETHW - Yearly Performance Comparison

	2026 (YTD)	2025
BSOL Bitwise Solana Staking ETF	-40.79%	-35.81%
ETHW Bitwise Ethereum ETF	-39.45%	-26.50%

Correlation

The correlation between BSOL and ETHW is 0.90, 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 Oct 29, 2025	0.90

Return for Risk

BSOL vs. ETHW — Risk / Return Rank

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

ETHW

ETHW Risk / Return Rank: 5
ETHW Sharpe Ratio Rank: 5
ETHW Sortino Ratio Rank: 5
ETHW Omega Ratio Rank: 6
ETHW Calmar Ratio Rank: 5
ETHW Martin Ratio Rank: 5

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. 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.

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

Sharpe Ratios by Period

	BSOL	ETHW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.47	—
Sharpe Ratio (All Time) Calculated using the full available price history	-1.07	-0.41	-0.66

Drawdowns

BSOL vs. ETHW - Drawdown Comparison

The maximum BSOL drawdown since its inception was -62.00%, roughly equal to the maximum ETHW drawdown of -64.04%. Use the drawdown chart below to compare losses from any high point for BSOL and ETHW.

Drawdown Indicators

	BSOL	ETHW	Difference
Max Drawdown Largest peak-to-trough decline	-62.00%	-64.04%	+2.04%
Max Drawdown (1Y) Largest decline over 1 year	—	-62.87%	—
Current Drawdown Current decline from peak	-62.00%	-62.87%	+0.87%
Average Drawdown Average peak-to-trough decline	-43.66%	-32.65%	-11.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	37.74%	—

Volatility

Volatility by Period

	BSOL	ETHW	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	10.08%	—
Volatility (6M) Calculated over the trailing 6-month period	—	46.02%	—
Volatility (1Y) Calculated over the trailing 1-year period	75.26%	68.33%	+6.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	75.26%	72.13%	+3.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	75.26%	72.13%	+3.13%

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.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both BSOL and ETHW in my portfolio?

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.

Which ETF is better, BSOL or ETHW?

Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BSOL or ETHW?

BSOL and ETHW have the same expense ratio: 0.20% per year.

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

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