ETHA vs. SOEZ

Last updated Jul 17, 2026

ETHA (iShares Ethereum Trust ETF) and SOEZ (Franklin Solana ETF) are both Cryptocurrency funds. ETHA is passively managed, while SOEZ is actively managed. Their correlation of 0.88 suggests significant overlap in exposure. ETHA charges 0.25%/yr vs 0.19%/yr for SOEZ.

Performance

ETHA vs. SOEZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Ethereum Trust ETF (ETHA) and Franklin Solana ETF (SOEZ). 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 ETHA having a -37.00% return and SOEZ slightly lower at -37.14%.

ETHA

• 1D: -2.69%
• 1M: 4.36%
• 6M: -43.09%
• YTD: -37.00%
• 1Y: -44.87%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SOEZ

• 1D: -1.74%
• 1M: 3.32%
• 6M: -44.84%
• YTD: -37.14%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ETHA vs. SOEZ - Yearly Performance Comparison

	2026 (YTD)	2025
ETHA iShares Ethereum Trust ETF	-37.00%	-0.36%
SOEZ Franklin Solana ETF	-37.14%	-11.69%

Correlation

The correlation between ETHA and SOEZ is 0.88, 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	0.88

Return for Risk

ETHA vs. SOEZ — Risk / Return Rank

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

ETHA

ETHA Risk / Return Rank: 4
ETHA Sharpe Ratio Rank: 4
ETHA Sortino Ratio Rank: 4
ETHA Omega Ratio Rank: 4
ETHA Calmar Ratio Rank: 4
ETHA Martin Ratio Rank: 4

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.

ETHA vs. SOEZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Ethereum Trust ETF (ETHA) 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.

	ETHA	SOEZ	Difference
Sharpe ratio: Return per unit of total volatility	-0.66	—	—
Sortino ratio: Return per unit of downside risk	-0.76	—	—
Omega ratio: Gain probability vs. loss probability	0.92	—	—
Calmar ratio: Return relative to maximum drawdown	-0.66	—	—
Martin ratio: Return relative to average drawdown	-1.03	—	—

Drawdowns

ETHA vs. SOEZ - Drawdown Comparison

The maximum ETHA drawdown since its inception was -67.91%, which is greater than SOEZ's maximum drawdown of -56.14%. Use the drawdown chart below to compare losses from any high point for ETHA and SOEZ.

Drawdown Indicators

	ETHA	SOEZ	Difference
Max Drawdown Largest peak-to-trough decline	-67.91%	-56.14%	-11.77%
Max Drawdown (1Y) Largest decline over 1 year	-67.91%	—	—
Current Drawdown Current decline from peak	-61.38%	-47.18%	-14.20%
Average Drawdown Average peak-to-trough decline	-34.63%	-34.12%	-0.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	43.55%	—	—

Volatility

Volatility by Period

	ETHA	SOEZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.80%	—	—
Volatility (6M) Calculated over the trailing 6-month period	47.60%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	68.72%	70.21%	-1.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	72.10%	70.21%	+1.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	72.10%	70.21%	+1.89%

ETHA vs. SOEZ - Expense Ratio Comparison

ETHA has a 0.25% expense ratio, which is higher than SOEZ's 0.19% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

ETHA vs. SOEZ - Dividend Comparison

ETHA has not paid dividends to shareholders, while SOEZ's dividend yield for the trailing twelve months is around 0.87%.

Position	TTM
ETHA iShares Ethereum Trust ETF	0.00%
SOEZ Franklin Solana ETF	0.87%

Frequently Asked Questions

Can I hold both ETHA and SOEZ in my portfolio?

ETHA and SOEZ have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ETHA or SOEZ?

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.

Which ETF is cheaper, ETHA or SOEZ?

SOEZ is cheaper with a 0.19% expense ratio, compared with 0.25% for ETHA.

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

SOEZ has the higher dividend yield at 0.87%, compared with 0.00% for ETHA.

What is the main difference between ETHA and SOEZ?

They also come from different issuers: iShares and Franklin. Their fees differ too: 0.25% for ETHA and 0.19% for SOEZ.