CEF vs. FSOL

Last updated Jun 4, 2026

CEF (Sprott Physical Gold and Silver Trust) and FSOL (Fidelity Solana Fund) are both funds - CEF is a Precious Metals fund actively managed by Sprott, while FSOL is a Cryptocurrency fund actively managed by Fidelity. Both are actively managed. At a 0.18 correlation, their price movements are largely independent. CEF charges 0.48%/yr vs 0.25%/yr for FSOL.

Performance

CEF vs. FSOL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sprott Physical Gold and Silver Trust (CEF) and Fidelity Solana Fund (FSOL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CEF achieves a 1.16% return, which is significantly higher than FSOL's -41.01% return.

CEF

• 1D: -1.74%
• 1M: -0.92%
• YTD: 1.16%
• 6M: 10.23%
• 1Y: 54.90%
• 3Y*: 35.48%
• 5Y*: 18.30%
• 10Y*: 13.80%

FSOL

• 1D: -4.73%
• 1M: -14.55%
• YTD: -41.01%
• 6M: -48.13%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CEF vs. FSOL - Yearly Performance Comparison

	2026 (YTD)	2025
CEF Sprott Physical Gold and Silver Trust	1.16%	17.77%
FSOL Fidelity Solana Fund	-41.01%	-11.84%

Correlation

The correlation between CEF and FSOL is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 19, 2025	0.18

Return for Risk

CEF vs. FSOL — Risk / Return Rank

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

CEF

CEF Risk / Return Rank: 25
CEF Sharpe Ratio Rank: 26
CEF Sortino Ratio Rank: 18
CEF Omega Ratio Rank: 29
CEF Calmar Ratio Rank: 30
CEF Martin Ratio Rank: 20

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.

CEF vs. FSOL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sprott Physical Gold and Silver Trust (CEF) and Fidelity Solana Fund (FSOL). 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.

	CEF	FSOL	Difference
Sharpe ratio: Return per unit of total volatility	1.46	—	—
Sortino ratio: Return per unit of downside risk	1.79	—	—
Omega ratio: Gain probability vs. loss probability	1.28	—	—
Calmar ratio: Return relative to maximum drawdown	2.06	—	—
Martin ratio: Return relative to average drawdown	5.26	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	CEF	FSOL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.46	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.76	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.63	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.22	-0.99	+1.21

Drawdowns

CEF vs. FSOL - Drawdown Comparison

The maximum CEF drawdown since its inception was -62.29%, which is greater than FSOL's maximum drawdown of -50.54%. Use the drawdown chart below to compare losses from any high point for CEF and FSOL.

Drawdown Indicators

	CEF	FSOL	Difference
Max Drawdown Largest peak-to-trough decline	-62.29%	-50.54%	-11.75%
Max Drawdown (1Y) Largest decline over 1 year	-26.77%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-26.77%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-26.77%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-29.10%	—	—
Current Drawdown Current decline from peak	-21.75%	-50.54%	+28.79%
Average Drawdown Average peak-to-trough decline	-27.34%	-29.21%	+1.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.47%	—	—

Volatility

Volatility by Period

	CEF	FSOL	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.09%	—	—
Volatility (6M) Calculated over the trailing 6-month period	35.14%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	37.84%	71.65%	-33.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.26%	71.65%	-47.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.82%	71.65%	-49.83%

CEF vs. FSOL - Expense Ratio Comparison

CEF has a 0.48% expense ratio, which is higher than FSOL's 0.25% expense ratio.

Dividends

CEF vs. FSOL - Dividend Comparison

CEF has not paid dividends to shareholders, while FSOL's dividend yield for the trailing twelve months is around 2.03%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CEF Sprott Physical Gold and Silver Trust	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.08%	0.07%	0.09%	0.10%
FSOL Fidelity Solana Fund	2.03%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CEF and FSOL in my portfolio?

CEF and FSOL have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.