BSOL vs. SOL-USD

Last updated Jun 26, 2026

BSOL (Bitwise Solana Staking ETF) is Cryptocurrency fund tracking the Solana (SOL) spot price, while SOL-USD (Solana) is a cryptocurrency. A 0.70 correlation means they provide meaningful diversification when combined.

Performance

BSOL vs. SOL-USD - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with BSOL having a -45.37% return and SOL-USD slightly lower at -45.67%.

BSOL

• 1D: 0.11%
• 1M: -20.78%
• YTD: -45.37%
• 6M: -44.35%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SOL-USD

• 1D: -0.59%
• 1M: -19.12%
• YTD: -45.67%
• 6M: -43.65%
• 1Y: -52.93%
• 3Y*: 60.74%
• 5Y*: 17.85%
• 10Y*: —

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

BSOL vs. SOL-USD - Yearly Performance Comparison

	2026 (YTD)	2025
BSOL Bitwise Solana Staking ETF	-45.37%	-38.11%
SOL-USD Solana	-45.67%	-37.36%

Correlation

The correlation between BSOL and SOL-USD is 0.70, 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 Oct 28, 2025	0.70

Return for Risk

BSOL vs. SOL-USD — Risk / Return Rank

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

BSOL

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

SOL-USD

SOL-USD Risk / Return Rank: 53
SOL-USD Sharpe Ratio Rank: 47
SOL-USD Sortino Ratio Rank: 50
SOL-USD Omega Ratio Rank: 50
SOL-USD Calmar Ratio Rank: 59
SOL-USD Martin Ratio Rank: 59

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. SOL-USD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bitwise Solana Staking ETF (BSOL) and Solana (SOL-USD). 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	SOL-USD	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.74	—
Sortino ratio: Return per unit of downside risk	—	-0.96	—
Omega ratio: Gain probability vs. loss probability	—	0.91	—
Calmar ratio: Return relative to maximum drawdown	—	-0.71	—
Martin ratio: Return relative to average drawdown	—	-1.10	—

Drawdowns

BSOL vs. SOL-USD - Drawdown Comparison

The maximum BSOL drawdown since its inception was -67.62%, smaller than the maximum SOL-USD drawdown of -96.27%. Use the drawdown chart below to compare losses from any high point for BSOL and SOL-USD.

Drawdown Indicators

	BSOL	SOL-USD	Difference
Max Drawdown Largest peak-to-trough decline	-67.62%	-96.27%	+28.65%
Max Drawdown (1Y) Largest decline over 1 year	—	-74.89%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-76.28%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-96.27%	—
Current Drawdown Current decline from peak	-66.19%	-74.19%	+8.00%
Average Drawdown Average peak-to-trough decline	-47.18%	-51.54%	+4.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	48.59%	—

Volatility

Volatility by Period

	BSOL	SOL-USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	19.10%	—
Volatility (6M) Calculated over the trailing 6-month period	—	47.04%	—
Volatility (1Y) Calculated over the trailing 1-year period	75.95%	59.50%	+16.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	75.95%	81.59%	-5.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	75.95%	99.61%	-23.66%

Frequently Asked Questions

Can I hold both BSOL and SOL-USD in my portfolio?

BSOL and SOL-USD have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.