BTCW vs. SOEZ
BTCW (Wisdom Tree Bitcoin Fund) and SOEZ (Franklin Solana ETF) are both Cryptocurrency funds. Their correlation of 0.89 suggests significant overlap in exposure. BTCW charges 0.30%/yr vs 0.19%/yr for SOEZ.
Performance
BTCW vs. SOEZ - Performance Comparison
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Returns By Period
In the year-to-date period, BTCW achieves a -25.39% return, which is significantly higher than SOEZ's -40.75% return.
BTCW
- 1D
- -2.62%
- 1M
- -18.38%
- YTD
- -25.39%
- 6M
- -29.81%
- 1Y
- -38.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SOEZ
- 1D
- -4.56%
- 1M
- -14.51%
- YTD
- -40.75%
- 6M
- -47.84%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BTCW vs. SOEZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BTCW Wisdom Tree Bitcoin Fund | -25.39% | -5.93% |
SOEZ Franklin Solana ETF | -40.75% | -11.97% |
Correlation
The correlation between BTCW and SOEZ is 0.89, 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 4, 2025 | 0.89 |
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Return for Risk
BTCW vs. SOEZ — Risk / Return Rank
BTCW
SOEZ
BTCW vs. SOEZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Wisdom Tree Bitcoin Fund (BTCW) 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.
| BTCW | SOEZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.86 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.79 | — | — |
| Martin ratioReturn relative to average drawdown | -1.36 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BTCW | SOEZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.89 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | -1.07 | +1.37 |
Drawdowns
BTCW vs. SOEZ - Drawdown Comparison
The maximum BTCW drawdown since its inception was -49.29%, roughly equal to the maximum SOEZ drawdown of -50.21%. Use the drawdown chart below to compare losses from any high point for BTCW and SOEZ.
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Drawdown Indicators
| BTCW | SOEZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.29% | -50.21% | +0.92% |
Max Drawdown (1Y)Largest decline over 1 year | -49.29% | — | — |
Current DrawdownCurrent decline from peak | -47.99% | -50.21% | +2.22% |
Average DrawdownAverage peak-to-trough decline | -15.99% | -30.80% | +14.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.40% | — | — |
Volatility
BTCW vs. SOEZ - Volatility Comparison
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Volatility by Period
| BTCW | SOEZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.48% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 34.25% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 43.53% | 68.92% | -25.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.10% | 68.92% | -18.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.10% | 68.92% | -18.82% |
BTCW vs. SOEZ - Expense Ratio Comparison
BTCW has a 0.30% expense ratio, which is higher than SOEZ's 0.19% expense ratio.
Dividends
BTCW vs. SOEZ - Dividend Comparison
BTCW has not paid dividends to shareholders, while SOEZ's dividend yield for the trailing twelve months is around 0.57%.
| Position | TTM |
|---|---|
BTCW Wisdom Tree Bitcoin Fund | 0.00% |
SOEZ Franklin Solana ETF | 0.57% |
Frequently Asked Questions
BTCW and SOEZ have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SOEZ is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SOEZ is cheaper with a 0.19% expense ratio, compared with 0.30% for BTCW.
SOEZ has the higher dividend yield at 0.57%, compared with 0.00% for BTCW.
They also come from different issuers: WisdomTree and Franklin. Their fees differ too: 0.30% for BTCW and 0.19% for SOEZ.
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