ETHU vs. SOEZ

Last updated Jun 26, 2026

ETHU (Volatility Shares 2x Ether ETF) and SOEZ (Franklin Solana ETF) are both exchange-traded funds - ETHU is a Leveraged Cryptocurrency fund actively managed by Volatility Shares, while SOEZ is a Cryptocurrency fund actively managed by Franklin. Both are actively managed. Their correlation of 0.89 suggests significant overlap in exposure. ETHU charges 2.67%/yr vs 0.19%/yr for SOEZ.

Performance

ETHU vs. SOEZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Volatility Shares 2x Ether ETF (ETHU) 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, ETHU achieves a -79.57% return, which is significantly lower than SOEZ's -45.38% return.

ETHU

• 1D: -3.56%
• 1M: -46.59%
• YTD: -79.57%
• 6M: -79.19%
• 1Y: -78.84%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SOEZ

• 1D: 0.35%
• 1M: -20.64%
• YTD: -45.38%
• 6M: -44.42%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ETHU vs. SOEZ - Yearly Performance Comparison

	2026 (YTD)	2025
ETHU Volatility Shares 2x Ether ETF	-79.57%	-4.11%
SOEZ Franklin Solana ETF	-45.38%	-11.69%

Correlation

The correlation between ETHU and SOEZ is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 3, 2025	0.89

Return for Risk

ETHU vs. SOEZ — Risk / Return Rank

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

ETHU

ETHU Risk / Return Rank: 4
ETHU Sharpe Ratio Rank: 5
ETHU Sortino Ratio Rank: 5
ETHU Omega Ratio Rank: 5
ETHU Calmar Ratio Rank: 2
ETHU Martin Ratio Rank: 4

SOEZ

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

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.

ETHU vs. SOEZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Volatility Shares 2x Ether ETF (ETHU) 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.

	ETHU	SOEZ	Difference
Sharpe ratio: Return per unit of total volatility	-0.57	—	—
Sortino ratio: Return per unit of downside risk	-0.60	—	—
Omega ratio: Gain probability vs. loss probability	0.93	—	—
Calmar ratio: Return relative to maximum drawdown	-0.84	—	—
Martin ratio: Return relative to average drawdown	-1.19	—	—

Drawdowns

ETHU vs. SOEZ - Drawdown Comparison

The maximum ETHU drawdown since its inception was -96.46%, which is greater than SOEZ's maximum drawdown of -56.14%. Use the drawdown chart below to compare losses from any high point for ETHU and SOEZ.

Drawdown Indicators

	ETHU	SOEZ	Difference
Max Drawdown Largest peak-to-trough decline	-96.46%	-56.14%	-40.32%
Max Drawdown (1Y) Largest decline over 1 year	-93.99%	—	—
Current Drawdown Current decline from peak	-96.46%	-54.10%	-42.36%
Average Drawdown Average peak-to-trough decline	-70.04%	-32.91%	-37.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	66.04%	—	—

Volatility

Volatility by Period

	ETHU	SOEZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	39.99%	—	—
Volatility (6M) Calculated over the trailing 6-month period	94.89%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	138.64%	70.53%	+68.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	143.18%	70.53%	+72.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	143.18%	70.53%	+72.65%

ETHU vs. SOEZ - Expense Ratio Comparison

ETHU has a 2.67% expense ratio, which is higher than SOEZ's 0.19% expense ratio.

Dividends

ETHU vs. SOEZ - Dividend Comparison

ETHU's dividend yield for the trailing twelve months is around 7.17%, more than SOEZ's 1.00% yield.

Position	TTM	2025	2024
ETHU Volatility Shares 2x Ether ETF	7.17%	2.31%	0.41%
SOEZ Franklin Solana ETF	1.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ETHU and SOEZ in my portfolio?

ETHU and SOEZ have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ETHU 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, ETHU or SOEZ?

SOEZ is cheaper with a 0.19% expense ratio, compared with 2.67% for ETHU.

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

ETHU has the higher dividend yield at 7.17%, compared with 1.00% for SOEZ.

What is the main difference between ETHU and SOEZ?

ETHU is categorized as Leveraged Cryptocurrency, while SOEZ is Cryptocurrency. They also come from different issuers: Volatility Shares and Franklin. Their fees differ too: 2.67% for ETHU and 0.19% for SOEZ.