ETHU vs. SOLT

Last updated Jul 17, 2026

ETHU (Volatility Shares 2x Ether ETF) and SOLT (2x Solana ETF) are both exchange-traded funds - ETHU is a Leveraged Cryptocurrency fund actively managed by Volatility Shares, while SOLT is a Blockchain fund actively managed by Volatility Shares. Both are actively managed. Over the past year, ETHU returned -83.75% vs -91.24% for SOLT. Their correlation of 0.87 suggests significant overlap in exposure. ETHU charges 2.67%/yr vs 1.85%/yr for SOLT.

Performance

ETHU vs. SOLT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Volatility Shares 2x Ether ETF (ETHU) and 2x Solana ETF (SOLT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with ETHU having a -70.73% return and SOLT slightly lower at -73.35%.

ETHU

• 1D: -4.90%
• 1M: 6.30%
• 6M: -75.69%
• YTD: -70.73%
• 1Y: -83.75%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SOLT

• 1D: -3.57%
• 1M: 1.82%
• 6M: -79.22%
• YTD: -73.35%
• 1Y: -91.24%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ETHU vs. SOLT - Yearly Performance Comparison

	2026 (YTD)	2025
ETHU Volatility Shares 2x Ether ETF	-70.73%	19.37%
SOLT 2x Solana ETF	-73.35%	-55.52%

Correlation

The correlation between ETHU and SOLT is 0.88, 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	0.88
Correlation (All Time) Calculated using the full available price history since Mar 20, 2025	0.87

The correlation between ETHU and SOLT has been stable across timeframes, ranging from 0.87 to 0.88 - a consistent structural relationship.

Return for Risk

ETHU vs. SOLT — Risk / Return Rank

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

ETHU

ETHU Risk / Return Rank: 3
ETHU Sharpe Ratio Rank: 4
ETHU Sortino Ratio Rank: 4
ETHU Omega Ratio Rank: 4
ETHU Calmar Ratio Rank: 1
ETHU Martin Ratio Rank: 3

SOLT

SOLT Risk / Return Rank: 3
SOLT Sharpe Ratio Rank: 4
SOLT Sortino Ratio Rank: 3
SOLT Omega Ratio Rank: 3
SOLT Calmar Ratio Rank: 1
SOLT Martin Ratio Rank: 3

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. SOLT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Volatility Shares 2x Ether ETF (ETHU) and 2x Solana ETF (SOLT). 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	SOLT	Difference
Sharpe ratio: Return per unit of total volatility	-0.62	-0.62	0.00
Sortino ratio: Return per unit of downside risk	-0.91	-1.27	+0.36
Omega ratio: Gain probability vs. loss probability	0.90	0.86	+0.04
Calmar ratio: Return relative to maximum drawdown	-0.89	-0.95	+0.06
Martin ratio: Return relative to average drawdown	-1.20	-1.22	+0.02

ETHU vs. SOLT - Sharpe Ratio Comparison

The current ETHU Sharpe Ratio is -0.62, which is comparable to the SOLT Sharpe Ratio of -0.62. The chart below compares the historical Sharpe Ratios of ETHU and SOLT, 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

ETHU vs. SOLT - Drawdown Comparison

The maximum ETHU drawdown since its inception was -96.46%, roughly equal to the maximum SOLT drawdown of -96.28%. Use the drawdown chart below to compare losses from any high point for ETHU and SOLT.

Drawdown Indicators

	ETHU	SOLT	Difference
Max Drawdown Largest peak-to-trough decline	-96.46%	-96.28%	-0.18%
Max Drawdown (1Y) Largest decline over 1 year	-93.99%	-96.28%	+2.29%
Current Drawdown Current decline from peak	-94.93%	-94.96%	+0.03%
Average Drawdown Average peak-to-trough decline	-70.71%	-56.85%	-13.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	69.54%	74.69%	-5.15%

Volatility

ETHU vs. SOLT - Volatility Comparison

The current volatility for Volatility Shares 2x Ether ETF (ETHU) is 29.02%, while 2x Solana ETF (SOLT) has a volatility of 36.08%. This indicates that ETHU experiences smaller price fluctuations and is considered to be less risky than SOLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ETHU	SOLT	Difference
Volatility (1M) Calculated over the trailing 1-month period	29.02%	36.08%	-7.06%
Volatility (6M) Calculated over the trailing 6-month period	96.55%	106.10%	-9.55%
Volatility (1Y) Calculated over the trailing 1-year period	137.64%	148.11%	-10.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	142.25%	150.78%	-8.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	142.25%	150.78%	-8.53%

ETHU vs. SOLT - Expense Ratio Comparison

ETHU has a 2.67% expense ratio, which is higher than SOLT's 1.85% expense ratio.

Dividends

ETHU vs. SOLT - Dividend Comparison

ETHU's dividend yield for the trailing twelve months is around 4.83%, less than SOLT's 5.54% yield.

Position	TTM	2025	2024
ETHU Volatility Shares 2x Ether ETF	4.83%	2.31%	0.41%
SOLT 2x Solana ETF	5.54%	1.22%	0.00%

Frequently Asked Questions

Can I hold both ETHU and SOLT in my portfolio?

ETHU and SOLT have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ETHU or SOLT?

SOLT has higher volatility (36.08%) compared to ETHU (29.02%). In terms of maximum drawdown, ETHU dropped -96.46% vs SOLT's -96.28%.

Which ETF is better, ETHU or SOLT?

On 1-year performance, ETHU leads with -83.75% vs -91.24% for SOLT. On fees, SOLT is cheaper at 1.85% per year. On volatility, ETHU has been the lower-risk option at 29.02%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ETHU or SOLT?

Over the 1-year period, ETHU has performed better with a -83.75% return vs -91.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ETHU or SOLT?

SOLT is cheaper with a 1.85% expense ratio, compared with 2.67% for ETHU.

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

SOLT has the higher dividend yield at 5.54%, compared with 4.83% for ETHU.

What is the main difference between ETHU and SOLT?

ETHU is categorized as Leveraged Cryptocurrency, while SOLT is Blockchain. Their fees differ too: 2.67% for ETHU and 1.85% for SOLT.

Which has better risk-adjusted returns?

ETHU currently has the higher Sharpe Ratio (-0.62 vs -0.62), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.