ETHH.TO vs. SOLQ.TO

Last updated Jul 18, 2026

ETHH.TO (Purpose Ether ETF) and SOLQ.TO (3iQ Solana Staking ETF) are both Cryptocurrency funds. Both are actively managed. Over the past year, ETHH.TO returned -48.26% vs -54.24% for SOLQ.TO. Their correlation of 0.85 suggests significant overlap in exposure.

Performance

ETHH.TO vs. SOLQ.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Purpose Ether ETF (ETHH.TO) and 3iQ Solana Staking ETF (SOLQ.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ETHH.TO achieves a -39.58% return, which is significantly lower than SOLQ.TO's -36.99% return.

ETHH.TO

• 1D: -1.58%
• 1M: 6.05%
• 6M: -45.28%
• YTD: -39.58%
• 1Y: -48.26%
• 3Y*: -4.28%
• 5Y*: -4.48%
• 10Y*: —

SOLQ.TO

• 1D: -1.04%
• 1M: 4.51%
• 6M: -46.77%
• YTD: -36.99%
• 1Y: -54.24%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ETHH.TO vs. SOLQ.TO - Yearly Performance Comparison

	2026 (YTD)	2025
ETHH.TO Purpose Ether ETF	-39.58%	80.25%
SOLQ.TO 3iQ Solana Staking ETF	-36.99%	-1.38%

Correlation

The correlation between ETHH.TO and SOLQ.TO is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.86
Correlation (All Time) Calculated using the full available price history since Apr 16, 2025	0.85

The correlation between ETHH.TO and SOLQ.TO has been stable across timeframes, ranging from 0.85 to 0.86 - a consistent structural relationship.

Return for Risk

ETHH.TO vs. SOLQ.TO — Risk / Return Rank

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

ETHH.TO

ETHH.TO Risk / Return Rank: 4
ETHH.TO Sharpe Ratio Rank: 4
ETHH.TO Sortino Ratio Rank: 4
ETHH.TO Omega Ratio Rank: 4
ETHH.TO Calmar Ratio Rank: 4
ETHH.TO Martin Ratio Rank: 4

SOLQ.TO

SOLQ.TO Risk / Return Rank: 4
SOLQ.TO Sharpe Ratio Rank: 3
SOLQ.TO Sortino Ratio Rank: 4
SOLQ.TO Omega Ratio Rank: 4
SOLQ.TO Calmar Ratio Rank: 3
SOLQ.TO Martin Ratio Rank: 4

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.

ETHH.TO vs. SOLQ.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Purpose Ether ETF (ETHH.TO) and 3iQ Solana Staking ETF (SOLQ.TO). 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.

	ETHH.TO	SOLQ.TO	Difference
Sharpe ratio: Return per unit of total volatility	-0.72	-0.75	+0.03
Sortino ratio: Return per unit of downside risk	-0.91	-1.02	+0.11
Omega ratio: Gain probability vs. loss probability	0.90	0.89	+0.01
Calmar ratio: Return relative to maximum drawdown	-0.70	-0.74	+0.04
Martin ratio: Return relative to average drawdown	-1.08	-1.08	0.00

ETHH.TO vs. SOLQ.TO - Sharpe Ratio Comparison

The current ETHH.TO Sharpe Ratio is -0.72, which is comparable to the SOLQ.TO Sharpe Ratio of -0.75. The chart below compares the historical Sharpe Ratios of ETHH.TO and SOLQ.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ETHH.TO vs. SOLQ.TO - Drawdown Comparison

The maximum ETHH.TO drawdown since its inception was -79.46%, which is greater than SOLQ.TO's maximum drawdown of -73.59%. Use the drawdown chart below to compare losses from any high point for ETHH.TO and SOLQ.TO.

Drawdown Indicators

	ETHH.TO	SOLQ.TO	Difference
Max Drawdown Largest peak-to-trough decline	-79.46%	-73.59%	-5.87%
Max Drawdown (1Y) Largest decline over 1 year	-68.96%	-73.59%	+4.63%
Max Drawdown (3Y) Largest decline over 3 years	-68.96%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-79.46%	—	—
Current Drawdown Current decline from peak	-67.78%	-68.43%	+0.65%
Average Drawdown Average peak-to-trough decline	-49.51%	-37.50%	-12.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	44.73%	50.50%	-5.77%

Volatility

ETHH.TO vs. SOLQ.TO - Volatility Comparison

The current volatility for Purpose Ether ETF (ETHH.TO) is 14.98%, while 3iQ Solana Staking ETF (SOLQ.TO) has a volatility of 18.98%. This indicates that ETHH.TO experiences smaller price fluctuations and is considered to be less risky than SOLQ.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ETHH.TO	SOLQ.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.98%	18.98%	-4.00%
Volatility (6M) Calculated over the trailing 6-month period	46.56%	51.12%	-4.56%
Volatility (1Y) Calculated over the trailing 1-year period	66.87%	72.62%	-5.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	70.03%	70.98%	-0.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	72.79%	70.98%	+1.81%

Dividends

ETHH.TO vs. SOLQ.TO - Dividend Comparison

Neither ETHH.TO nor SOLQ.TO has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ETHH.TO and SOLQ.TO in my portfolio?

ETHH.TO and SOLQ.TO have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between ETHH.TO and SOLQ.TO?

They also come from different issuers: Purpose Investments and 3iQ.