ETHR.TO vs. SOLL.TO
ETHR.TO (Evolve Ether ETF CAD Unhedged Units) and SOLL.TO (Purpose Solana ETF Currency Hedged Units) are both Cryptocurrency funds. ETHR.TO is passively managed, while SOLL.TO is actively managed. Over the past year, ETHR.TO returned -31.87% vs -56.21% for SOLL.TO. Their correlation of 0.85 suggests significant overlap in exposure. ETHR.TO charges 0.75%/yr vs 1.00%/yr for SOLL.TO.
Performance
ETHR.TO vs. SOLL.TO - Performance Comparison
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Returns By Period
In the year-to-date period, ETHR.TO achieves a -39.08% return, which is significantly higher than SOLL.TO's -42.41% return.
ETHR.TO
- 1D
- -5.13%
- 1M
- -21.92%
- YTD
- -39.08%
- 6M
- -43.48%
- 1Y
- -31.87%
- 3Y*
- -2.76%
- 5Y*
- -6.98%
- 10Y*
- —
SOLL.TO
- 1D
- -4.68%
- 1M
- -14.73%
- YTD
- -42.41%
- 6M
- -50.32%
- 1Y
- -56.21%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETHR.TO vs. SOLL.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ETHR.TO Evolve Ether ETF CAD Unhedged Units | -39.08% | 82.32% |
SOLL.TO Purpose Solana ETF Currency Hedged Units | -42.41% | -7.64% |
Correlation
The correlation between ETHR.TO and SOLL.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 17, 2025 | 0.85 |
The correlation between ETHR.TO and SOLL.TO has been stable across timeframes, ranging from 0.85 to 0.86 - a consistent structural relationship.
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Return for Risk
ETHR.TO vs. SOLL.TO — Risk / Return Rank
ETHR.TO
SOLL.TO
ETHR.TO vs. SOLL.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Evolve Ether ETF CAD Unhedged Units (ETHR.TO) and Purpose Solana ETF Currency Hedged Units (SOLL.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.
| ETHR.TO | SOLL.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.73 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 0.88 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.51 | -0.79 | +0.28 |
| Martin ratioReturn relative to average drawdown | -0.84 | -1.24 | +0.41 |
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
| ETHR.TO | SOLL.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.48 | -0.78 | +0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.10 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.07 | -0.61 | +0.54 |
Drawdowns
ETHR.TO vs. SOLL.TO - Drawdown Comparison
The maximum ETHR.TO drawdown since its inception was -78.36%, which is greater than SOLL.TO's maximum drawdown of -71.52%. Use the drawdown chart below to compare losses from any high point for ETHR.TO and SOLL.TO.
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Drawdown Indicators
| ETHR.TO | SOLL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.36% | -71.52% | -6.84% |
Max Drawdown (1Y)Largest decline over 1 year | -63.09% | -71.52% | +8.43% |
Max Drawdown (3Y)Largest decline over 3 years | -64.17% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -78.36% | — | — |
Current DrawdownCurrent decline from peak | -63.09% | -71.52% | +8.43% |
Average DrawdownAverage peak-to-trough decline | -43.47% | -34.60% | -8.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 38.10% | 45.19% | -7.09% |
Volatility
ETHR.TO vs. SOLL.TO - Volatility Comparison
The current volatility for Evolve Ether ETF CAD Unhedged Units (ETHR.TO) is 10.53%, while Purpose Solana ETF Currency Hedged Units (SOLL.TO) has a volatility of 16.48%. This indicates that ETHR.TO experiences smaller price fluctuations and is considered to be less risky than SOLL.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETHR.TO | SOLL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.53% | 16.48% | -5.95% |
Volatility (6M)Calculated over the trailing 6-month period | 45.53% | 50.24% | -4.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 66.37% | 72.62% | -6.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 69.38% | 71.16% | -1.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.76% | 71.16% | +0.60% |
ETHR.TO vs. SOLL.TO - Expense Ratio Comparison
ETHR.TO has a 0.75% expense ratio, which is lower than SOLL.TO's 1.00% expense ratio.
Dividends
ETHR.TO vs. SOLL.TO - Dividend Comparison
Neither ETHR.TO nor SOLL.TO has paid dividends to shareholders.
Frequently Asked Questions
ETHR.TO and SOLL.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.
On fees, ETHR.TO is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ETHR.TO is cheaper with a 0.75% expense ratio, compared with 1.00% for SOLL.TO.
They also come from different issuers: Evolve and Purpose Investments. Their fees differ too: 0.75% for ETHR.TO and 1.00% for SOLL.TO.
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