ETHY.TO vs. SOLQ.TO
ETHY.TO (Purpose Ether Yield ETF - ETF Units) and SOLQ.TO (3iQ Solana Staking ETF) are both Cryptocurrency funds. ETHY.TO is actively managed, while SOLQ.TO is passively managed. Over the past year, ETHY.TO returned -52.39% vs -54.00% for SOLQ.TO. Their correlation of 0.83 means they have usually moved in the same direction. ETHY.TO charges 1.53%/yr vs 0.15%/yr for SOLQ.TO.
Performance
ETHY.TO vs. SOLQ.TO - Performance Comparison
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Returns By Period
In the year-to-date period, ETHY.TO achieves a -44.63% return, which is significantly lower than SOLQ.TO's -38.75% return.
ETHY.TO
- 1D
- -3.23%
- 1M
- 8.29%
- 6M
- -27.27%
- YTD
- -44.63%
- 1Y
- -52.39%
- 3Y*
- -7.57%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -23.21%
SOLQ.TO
- 1D
- -2.23%
- 1M
- -12.32%
- 6M
- -26.74%
- YTD
- -38.75%
- 1Y
- -54.00%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -32.36%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$168.42K | CA$177.20K | CA$339.85K | |
SOLQ.TO 3iQ Solana Staking ETF | CA$139.36K | CA$147.53K | CA$235.73K |
ETHY.TO vs. SOLQ.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ETHY.TO Purpose Ether Yield ETF - ETF Units | -44.63% | 74.40% |
SOLQ.TO 3iQ Solana Staking ETF | -38.75% | -1.38% |
Correlation
The correlation between ETHY.TO and SOLQ.TO is 0.85, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.85 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2025 | 0.83 |
The correlation between ETHY.TO and SOLQ.TO has been stable across timeframes, ranging from 0.83 to 0.85 - a consistent structural relationship.
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Return for Risk
ETHY.TO vs. SOLQ.TO — Risk / Return Rank
ETHY.TO
SOLQ.TO
ETHY.TO vs. SOLQ.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Purpose Ether Yield ETF - ETF Units (ETHY.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.
| ETHY.TO | SOLQ.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 0.88 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.77 | -0.77 | 0.00 |
| Martin ratioReturn relative to average drawdown | -1.19 | -1.08 | -0.10 |
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Drawdowns
ETHY.TO vs. SOLQ.TO - Drawdown Comparison
The maximum ETHY.TO drawdown since its inception was -77.54%, 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 ETHY.TO and SOLQ.TO.
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Drawdown Indicators
| ETHY.TO | SOLQ.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.54% | -73.59% | -3.95% |
Max Drawdown (1Y)Largest decline over 1 year | -71.48% | -73.59% | +2.11% |
Max Drawdown (3Y)Largest decline over 3 years | -71.48% | — | — |
Current DrawdownCurrent decline from peak | -70.78% | -69.32% | -1.46% |
Average DrawdownAverage peak-to-trough decline | -53.57% | -38.45% | -15.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 46.47% | 52.25% | -5.78% |
Volatility
ETHY.TO vs. SOLQ.TO - Volatility Comparison
Purpose Ether Yield ETF - ETF Units (ETHY.TO) has a higher volatility of 13.16% compared to 3iQ Solana Staking ETF (SOLQ.TO) at 10.16%. This indicates that ETHY.TO's price experiences larger fluctuations and is considered to be riskier 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
| ETHY.TO | SOLQ.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.16% | 10.16% | +3.00% |
Volatility (6M)Calculated over the trailing 6-month period | 55.61% | 50.04% | +5.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 72.00% | 71.89% | +0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 65.65% | 70.15% | -4.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 65.65% | 70.15% | -4.50% |
ETHY.TO vs. SOLQ.TO - Expense Ratio Comparison
ETHY.TO has a 1.53% expense ratio, which is higher than SOLQ.TO's 0.15% expense ratio.
Dividends
ETHY.TO vs. SOLQ.TO - Dividend Comparison
ETHY.TO's dividend yield for the trailing twelve months is around 47.30%, while SOLQ.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
ETHY.TO Purpose Ether Yield ETF - ETF Units | 47.30% | 19.26% | 21.40% | 10.34% | 26.08% | 0.63% |
SOLQ.TO 3iQ Solana Staking ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ETHY.TO and SOLQ.TO have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SOLQ.TO is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SOLQ.TO is cheaper with a 0.15% expense ratio, compared with 1.53% for ETHY.TO.
They also come from different issuers: Purpose and 3iQ. Their fees differ too: 1.53% for ETHY.TO and 0.15% for SOLQ.TO.
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