ETHR.TO vs. SOLQ.TO
ETHR.TO (Evolve Ether ETF CAD Unhedged Units) and SOLQ.TO (3iQ Solana Staking ETF) are both Cryptocurrency funds. ETHR.TO is passively managed, while SOLQ.TO is actively managed. Over the past year, ETHR.TO returned -46.21% vs -54.24% for SOLQ.TO. Their correlation of 0.85 suggests significant overlap in exposure.
Performance
ETHR.TO vs. SOLQ.TO - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with ETHR.TO having a -37.53% return and SOLQ.TO slightly higher at -36.99%.
ETHR.TO
- 1D
- -2.31%
- 1M
- 5.11%
- 6M
- -44.33%
- YTD
- -37.53%
- 1Y
- -46.21%
- 3Y*
- -0.89%
- 5Y*
- -0.63%
- 10Y*
- —
SOLQ.TO
- 1D
- -1.04%
- 1M
- 4.51%
- 6M
- -46.77%
- YTD
- -36.99%
- 1Y
- -54.24%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETHR.TO vs. SOLQ.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ETHR.TO Evolve Ether ETF CAD Unhedged Units | -37.53% | 78.94% |
SOLQ.TO 3iQ Solana Staking ETF | -36.99% | -1.38% |
Correlation
The correlation between ETHR.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 ETHR.TO and SOLQ.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. SOLQ.TO — Risk / Return Rank
ETHR.TO
SOLQ.TO
ETHR.TO vs. SOLQ.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 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.
| ETHR.TO | SOLQ.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 0.89 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.68 | -0.74 | +0.06 |
| Martin ratioReturn relative to average drawdown | -1.05 | -1.08 | +0.03 |
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Drawdowns
ETHR.TO vs. SOLQ.TO - Drawdown Comparison
The maximum ETHR.TO drawdown since its inception was -78.36%, 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 ETHR.TO and SOLQ.TO.
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Drawdown Indicators
| ETHR.TO | SOLQ.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.36% | -73.59% | -4.77% |
Max Drawdown (1Y)Largest decline over 1 year | -67.67% | -73.59% | +5.92% |
Max Drawdown (3Y)Largest decline over 3 years | -67.67% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -78.36% | — | — |
Current DrawdownCurrent decline from peak | -62.15% | -68.43% | +6.28% |
Average DrawdownAverage peak-to-trough decline | -43.93% | -37.50% | -6.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 44.18% | 50.50% | -6.32% |
Volatility
ETHR.TO vs. SOLQ.TO - Volatility Comparison
The current volatility for Evolve Ether ETF CAD Unhedged Units (ETHR.TO) is 14.30%, while 3iQ Solana Staking ETF (SOLQ.TO) has a volatility of 18.98%. This indicates that ETHR.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.
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Volatility by Period
| ETHR.TO | SOLQ.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.30% | 18.98% | -4.68% |
Volatility (6M)Calculated over the trailing 6-month period | 46.47% | 51.12% | -4.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 66.16% | 72.62% | -6.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 68.73% | 70.98% | -2.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.56% | 70.98% | +0.58% |
Dividends
ETHR.TO vs. SOLQ.TO - Dividend Comparison
Neither ETHR.TO nor SOLQ.TO has paid dividends to shareholders.
Frequently Asked Questions
ETHR.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.
They also come from different issuers: Evolve and 3iQ.
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