BTC vs. SOEZ

Last updated Jun 25, 2026

BTC (Grayscale Bitcoin Mini Trust ETF) and SOEZ (Franklin Solana ETF) are both Cryptocurrency funds. Both are actively managed. Their correlation of 0.91 suggests significant overlap in exposure. BTC charges 0.15%/yr vs 0.19%/yr for SOEZ.

Performance

BTC vs. SOEZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Grayscale Bitcoin Mini Trust ETF (BTC) and Franklin Solana ETF (SOEZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BTC achieves a -31.66% return, which is significantly higher than SOEZ's -45.57% return.

BTC

• 1D: -3.96%
• 1M: -21.06%
• YTD: -31.66%
• 6M: -31.44%
• 1Y: -43.50%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SOEZ

• 1D: -4.36%
• 1M: -21.72%
• YTD: -45.57%
• 6M: -44.62%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BTC vs. SOEZ - Yearly Performance Comparison

	2026 (YTD)	2025
BTC Grayscale Bitcoin Mini Trust ETF	-31.66%	-3.92%
SOEZ Franklin Solana ETF	-45.57%	-11.69%

Correlation

The correlation between BTC and SOEZ is 0.91, 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 Dec 3, 2025	0.91

Return for Risk

BTC vs. SOEZ — Risk / Return Rank

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

BTC

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

SOEZ

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

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.

BTC vs. SOEZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Grayscale Bitcoin Mini Trust ETF (BTC) and Franklin Solana ETF (SOEZ). 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.

	BTC	SOEZ	Difference
Sharpe ratio: Return per unit of total volatility	-0.98	—	—
Sortino ratio: Return per unit of downside risk	-1.44	—	—
Omega ratio: Gain probability vs. loss probability	0.84	—	—
Calmar ratio: Return relative to maximum drawdown	-0.83	—	—
Martin ratio: Return relative to average drawdown	-1.42	—	—

Drawdowns

BTC vs. SOEZ - Drawdown Comparison

The maximum BTC drawdown since its inception was -52.37%, smaller than the maximum SOEZ drawdown of -56.14%. Use the drawdown chart below to compare losses from any high point for BTC and SOEZ.

Drawdown Indicators

	BTC	SOEZ	Difference
Max Drawdown Largest peak-to-trough decline	-52.37%	-56.14%	+3.77%
Max Drawdown (1Y) Largest decline over 1 year	-52.37%	—	—
Current Drawdown Current decline from peak	-52.37%	-54.26%	+1.89%
Average Drawdown Average peak-to-trough decline	-17.73%	-32.76%	+15.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	30.70%	—	—

Volatility

Volatility by Period

	BTC	SOEZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.21%	—	—
Volatility (6M) Calculated over the trailing 6-month period	34.53%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	44.39%	70.78%	-26.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	48.29%	70.78%	-22.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	48.29%	70.78%	-22.49%

BTC vs. SOEZ - Expense Ratio Comparison

BTC has a 0.15% expense ratio, which is lower than SOEZ's 0.19% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

BTC vs. SOEZ - Dividend Comparison

BTC has not paid dividends to shareholders, while SOEZ's dividend yield for the trailing twelve months is around 1.01%.

Position	TTM
BTC Grayscale Bitcoin Mini Trust ETF	0.00%
SOEZ Franklin Solana ETF	1.01%

Frequently Asked Questions

Can I hold both BTC and SOEZ in my portfolio?

With a correlation of 0.91, BTC and SOEZ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, BTC or SOEZ?

On fees, BTC is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BTC or SOEZ?

BTC is cheaper with a 0.15% expense ratio, compared with 0.19% for SOEZ.

Which ETF pays a higher dividend yield, BTC or SOEZ?

SOEZ has the higher dividend yield at 1.01%, compared with 0.00% for BTC.

What is the main difference between BTC and SOEZ?

They also come from different issuers: Grayscale and Franklin. Their fees differ too: 0.15% for BTC and 0.19% for SOEZ.