ETHX-B.TO vs. SOLQ.TO

Last updated Jul 18, 2026

ETHX-B.TO (CI Galaxy Ethereum ETF) and SOLQ.TO (3iQ Solana Staking ETF) are both Cryptocurrency funds. Both are actively managed. Over the past year, ETHX-B.TO returned -45.22% vs -54.24% for SOLQ.TO. Their correlation of 0.85 suggests significant overlap in exposure.

Performance

ETHX-B.TO vs. SOLQ.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in CI Galaxy Ethereum ETF (ETHX-B.TO) and 3iQ Solana Staking ETF (SOLQ.TO). 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 ETHX-B.TO having a -36.70% return and SOLQ.TO slightly lower at -36.99%.

ETHX-B.TO

• 1D: -1.93%
• 1M: 5.41%
• 6M: -43.63%
• YTD: -36.70%
• 1Y: -45.22%
• 3Y*: 0.63%
• 5Y*: 0.58%
• 10Y*: —

SOLQ.TO

• 1D: -1.04%
• 1M: 4.51%
• 6M: -46.77%
• YTD: -36.99%
• 1Y: -54.24%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ETHX-B.TO vs. SOLQ.TO - Yearly Performance Comparison

	2026 (YTD)	2025
ETHX-B.TO CI Galaxy Ethereum ETF	-36.70%	80.88%
SOLQ.TO 3iQ Solana Staking ETF	-36.99%	-1.38%

Correlation

The correlation between ETHX-B.TO and SOLQ.TO is 0.87, 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	0.87
Correlation (All Time) Calculated using the full available price history since Apr 16, 2025	0.85

The correlation between ETHX-B.TO and SOLQ.TO has been stable across timeframes, ranging from 0.85 to 0.87 - a consistent structural relationship.

Return for Risk

ETHX-B.TO vs. SOLQ.TO — Risk / Return Rank

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

ETHX-B.TO

ETHX-B.TO Risk / Return Rank: 4
ETHX-B.TO Sharpe Ratio Rank: 4
ETHX-B.TO Sortino Ratio Rank: 4
ETHX-B.TO Omega Ratio Rank: 4
ETHX-B.TO Calmar Ratio Rank: 4
ETHX-B.TO Martin Ratio Rank: 5

SOLQ.TO

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

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.

ETHX-B.TO vs. SOLQ.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CI Galaxy Ethereum ETF (ETHX-B.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.

	ETHX-B.TO	SOLQ.TO	Difference
Sharpe ratio: Return per unit of total volatility	-0.69	-0.75	+0.06
Sortino ratio: Return per unit of downside risk	-0.82	-1.02	+0.20
Omega ratio: Gain probability vs. loss probability	0.91	0.89	+0.02
Calmar ratio: Return relative to maximum drawdown	-0.68	-0.74	+0.07
Martin ratio: Return relative to average drawdown	-1.03	-1.08	+0.05

ETHX-B.TO vs. SOLQ.TO - Sharpe Ratio Comparison

The current ETHX-B.TO Sharpe Ratio is -0.69, which is comparable to the SOLQ.TO Sharpe Ratio of -0.75. The chart below compares the historical Sharpe Ratios of ETHX-B.TO and SOLQ.TO, 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

ETHX-B.TO vs. SOLQ.TO - Drawdown Comparison

The maximum ETHX-B.TO drawdown since its inception was -78.38%, 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 ETHX-B.TO and SOLQ.TO.

Drawdown Indicators

	ETHX-B.TO	SOLQ.TO	Difference
Max Drawdown Largest peak-to-trough decline	-78.38%	-73.59%	-4.79%
Max Drawdown (1Y) Largest decline over 1 year	-67.14%	-73.59%	+6.45%
Max Drawdown (3Y) Largest decline over 3 years	-67.14%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-78.38%	—	—
Current Drawdown Current decline from peak	-61.51%	-68.43%	+6.92%
Average Drawdown Average peak-to-trough decline	-43.19%	-37.50%	-5.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	43.92%	50.50%	-6.58%

Volatility

ETHX-B.TO vs. SOLQ.TO - Volatility Comparison

The current volatility for CI Galaxy Ethereum ETF (ETHX-B.TO) is 13.81%, while 3iQ Solana Staking ETF (SOLQ.TO) has a volatility of 18.98%. This indicates that ETHX-B.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.

Volatility by Period

	ETHX-B.TO	SOLQ.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.81%	18.98%	-5.17%
Volatility (6M) Calculated over the trailing 6-month period	45.49%	51.12%	-5.63%
Volatility (1Y) Calculated over the trailing 1-year period	65.74%	72.62%	-6.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	68.84%	70.98%	-2.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	71.70%	70.98%	+0.72%

Dividends

ETHX-B.TO vs. SOLQ.TO - Dividend Comparison

Neither ETHX-B.TO nor SOLQ.TO has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ETHX-B.TO and SOLQ.TO in my portfolio?

ETHX-B.TO and SOLQ.TO have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between ETHX-B.TO and SOLQ.TO?

They also come from different issuers: CI and 3iQ.