ETHR.TO vs. SOLX.TO

Last updated Aug 4, 2026

ETHR.TO (Evolve Ether ETF CAD Unhedged Units) and SOLX.TO (CI Galaxy Solana ETF) are both Cryptocurrency funds. ETHR.TO is passively managed, while SOLX.TO is actively managed. Their 0.50 correlation means their historical movements had little consistent relationship. ETHR.TO charges 0.75%/yr vs 1.00%/yr for SOLX.TO.

Performance

ETHR.TO vs. SOLX.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Evolve Ether ETF CAD Unhedged Units (ETHR.TO) and CI Galaxy Solana ETF (SOLX.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ETHR.TO achieves a -36.57% return, which is significantly higher than SOLX.TO's -40.52% return.

ETHR.TO

• 1D: -2.72%
• 1M: 5.28%
• 6M: -18.46%
• YTD: -36.57%
• 1Y: -47.10%
• 3Y*: 0.08%
• 5Y*: -4.36%
• 10Y*: —
• ALL TIME*: -3.37%

SOLX.TO

• 1D: -0.27%
• 1M: -9.16%
• 6M: -32.29%
• YTD: -40.52%
• 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)
ETHR.TO Evolve Ether ETF CAD Unhedged Units	CA$73.21K	CA$77.18K	CA$116.32K
SOLX.TO CI Galaxy Solana ETF	CA$74.70	CA$866.86	CA$2.54K

ETHR.TO vs. SOLX.TO - Yearly Performance Comparison

	2026 (YTD)	2025
ETHR.TO Evolve Ether ETF CAD Unhedged Units	-36.57%	-32.11%
SOLX.TO CI Galaxy Solana ETF	-40.52%	-40.68%

Correlation

The correlation between ETHR.TO and SOLX.TO is 0.50, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 2, 2025	0.50

Return for Risk

ETHR.TO vs. SOLX.TO — Risk / Return Rank

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

ETHR.TO

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

SOLX.TO

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.

ETHR.TO vs. SOLX.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 CI Galaxy Solana ETF (SOLX.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	SOLX.TO	Difference
Sharpe ratio: Return per unit of total volatility	-0.77	—	—
Sortino ratio: Return per unit of downside risk	-1.03	—	—
Omega ratio: Gain probability vs. loss probability	0.89	—	—
Calmar ratio: Return relative to maximum drawdown	-0.75	—	—
Martin ratio: Return relative to average drawdown	-1.10	—	—

Drawdowns

ETHR.TO vs. SOLX.TO - Drawdown Comparison

The maximum ETHR.TO drawdown since its inception was -78.36%, roughly equal to the maximum SOLX.TO drawdown of -75.14%. Use the drawdown chart below to compare losses from any high point for ETHR.TO and SOLX.TO.

Drawdown Indicators

	ETHR.TO	SOLX.TO	Difference
Max Drawdown Largest peak-to-trough decline	-78.36%	-75.14%	-3.22%
Max Drawdown (1Y) Largest decline over 1 year	-67.67%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-67.67%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-78.36%	—	—
Current Drawdown Current decline from peak	-61.57%	-70.76%	+9.19%
Average Drawdown Average peak-to-trough decline	-44.06%	-51.71%	+7.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	45.80%	—	—

Volatility

Volatility by Period

	ETHR.TO	SOLX.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.63%	—	—
Volatility (6M) Calculated over the trailing 6-month period	45.68%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	65.89%	74.09%	-8.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	68.18%	74.09%	-5.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	71.38%	74.09%	-2.71%

ETHR.TO vs. SOLX.TO - Expense Ratio Comparison

ETHR.TO has a 0.75% expense ratio, which is lower than SOLX.TO's 1.00% expense ratio.

Dividends

ETHR.TO vs. SOLX.TO - Dividend Comparison

Neither ETHR.TO nor SOLX.TO has paid dividends to shareholders.

Position	TTM	2025
ETHR.TO Evolve Ether ETF CAD Unhedged Units	0.00%	0.00%
SOLX.TO CI Galaxy Solana ETF	0.82%	0.49%

Frequently Asked Questions

Can I hold both ETHR.TO and SOLX.TO in my portfolio?

ETHR.TO and SOLX.TO have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ETHR.TO or SOLX.TO?

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.

Which ETF is cheaper, ETHR.TO or SOLX.TO?

ETHR.TO is cheaper with a 0.75% expense ratio, compared with 1.00% for SOLX.TO.

What is the main difference between ETHR.TO and SOLX.TO?

They also come from different issuers: Evolve and CI. Their fees differ too: 0.75% for ETHR.TO and 1.00% for SOLX.TO.