ETHD vs. SOEZ

Last updated Aug 2, 2026

ETHD (ProShares UltraShort Ether ETF) and SOEZ (Franklin Solana ETF) are both Cryptocurrency funds. Both are actively managed. Their -0.88 correlation means they have often moved in opposite directions in the past. ETHD charges 1.01%/yr vs 0.19%/yr for SOEZ.

Performance

ETHD vs. SOEZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraShort Ether ETF (ETHD) 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, ETHD achieves a 29.25% return, which is significantly higher than SOEZ's -39.30% return.

ETHD

• 1D: 5.65%
• 1M: -20.75%
• 6M: 13.26%
• YTD: 29.25%
• 1Y: -2.03%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -50.78%

SOEZ

• 1D: -2.07%
• 1M: -9.26%
• 6M: -35.71%
• YTD: -39.30%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ETHD ProShares UltraShort Ether ETF	$15.71M	$16.45M	$23.40M
SOEZ Franklin Solana ETF	$72.34K	$76.75K	$189.24K

ETHD vs. SOEZ - Yearly Performance Comparison

	2026 (YTD)	2025
ETHD ProShares UltraShort Ether ETF	29.25%	-5.91%
SOEZ Franklin Solana ETF	-39.30%	-11.69%

Correlation

The correlation between ETHD and SOEZ is -0.88, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 3, 2025	-0.88

Return for Risk

ETHD vs. SOEZ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ETHD

ETHD Risk / Return Rank: 19
ETHD Sharpe Ratio Rank: 13
ETHD Sortino Ratio Rank: 28
ETHD Omega Ratio Rank: 28
ETHD Calmar Ratio Rank: 14
ETHD Martin Ratio Rank: 13

SOEZ

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ETHD vs. SOEZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Ether ETF (ETHD) 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.

	ETHD	SOEZ	Difference
Sharpe ratio: Return per unit of total volatility	0.08	—	—
Sortino ratio: Return per unit of downside risk	1.08	—	—
Omega ratio: Gain probability vs. loss probability	1.13	—	—
Calmar ratio: Return relative to maximum drawdown	0.18	—	—
Martin ratio: Return relative to average drawdown	0.28	—	—

Drawdowns

ETHD vs. SOEZ - Drawdown Comparison

The maximum ETHD drawdown since its inception was -95.59%, which is greater than SOEZ's maximum drawdown of -56.14%. Use the drawdown chart below to compare losses from any high point for ETHD and SOEZ.

Drawdown Indicators

	ETHD	SOEZ	Difference
Max Drawdown Largest peak-to-trough decline	-95.59%	-56.14%	-39.45%
Max Drawdown (1Y) Largest decline over 1 year	-57.19%	—	—
Current Drawdown Current decline from peak	-89.90%	-48.99%	-40.91%
Average Drawdown Average peak-to-trough decline	-67.51%	-35.01%	-32.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	36.37%	—	—

Volatility

Volatility by Period

	ETHD	SOEZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	26.64%	—	—
Volatility (6M) Calculated over the trailing 6-month period	91.72%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	133.97%	68.37%	+65.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	140.41%	68.37%	+72.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	140.41%	68.37%	+72.04%

ETHD vs. SOEZ - Expense Ratio Comparison

ETHD has a 1.01% expense ratio, which is higher than SOEZ's 0.19% expense ratio.

Dividends

ETHD vs. SOEZ - Dividend Comparison

ETHD's dividend yield for the trailing twelve months is around 5.76%, more than SOEZ's 1.87% yield.

Position	TTM	2025	2024
ETHD ProShares UltraShort Ether ETF	5.76%	156.62%	19.15%
SOEZ Franklin Solana ETF	1.87%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ETHD and SOEZ in my portfolio?

ETHD 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, ETHD 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, ETHD or SOEZ?

SOEZ is cheaper with a 0.19% expense ratio, compared with 1.01% for ETHD.

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

ETHD has the higher dividend yield at 5.76%, compared with 1.87% for SOEZ.

What is the main difference between ETHD and SOEZ?

They also come from different issuers: ProShares and Franklin. Their fees differ too: 1.01% for ETHD and 0.19% for SOEZ.