FBTC.TO vs. SOLQ.TO
FBTC.TO (Fidelity Advantage Bitcoin ETF) and SOLQ.TO (3iQ Solana Staking ETF) are both Cryptocurrency funds. FBTC.TO is actively managed, while SOLQ.TO is passively managed. Over the past year, FBTC.TO returned -43.70% vs -54.00% for SOLQ.TO. Their correlation of 0.85 means they have usually moved in the same direction. FBTC.TO charges 0.35%/yr vs 0.15%/yr for SOLQ.TO.
Performance
FBTC.TO vs. SOLQ.TO - Performance Comparison
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Returns By Period
In the year-to-date period, FBTC.TO achieves a -26.79% return, which is significantly higher than SOLQ.TO's -38.75% return.
FBTC.TO
- 1D
- -2.82%
- 1M
- -0.55%
- 6M
- -17.34%
- YTD
- -26.79%
- 1Y
- -43.70%
- 3Y*
- 30.58%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.42%
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$1.47M | CA$1.74M | CA$2.64M | |
SOLQ.TO 3iQ Solana Staking ETF | CA$139.36K | CA$147.53K | CA$235.73K |
FBTC.TO vs. SOLQ.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FBTC.TO Fidelity Advantage Bitcoin ETF | -26.79% | 2.14% |
SOLQ.TO 3iQ Solana Staking ETF | -38.75% | -1.38% |
Correlation
The correlation between FBTC.TO and SOLQ.TO is 0.88, 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. | 0.88 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2025 | 0.85 |
The correlation between FBTC.TO and SOLQ.TO has been stable across timeframes, ranging from 0.85 to 0.88 - a consistent structural relationship.
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Return for Risk
FBTC.TO vs. SOLQ.TO — Risk / Return Rank
FBTC.TO
SOLQ.TO
FBTC.TO vs. SOLQ.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advantage Bitcoin ETF (FBTC.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.
| FBTC.TO | SOLQ.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.45 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 0.88 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.87 | -0.77 | -0.10 |
| Martin ratioReturn relative to average drawdown | -1.29 | -1.08 | -0.21 |
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Drawdowns
FBTC.TO vs. SOLQ.TO - Drawdown Comparison
The maximum FBTC.TO drawdown since its inception was -70.77%, roughly equal to the maximum SOLQ.TO drawdown of -73.59%. Use the drawdown chart below to compare losses from any high point for FBTC.TO and SOLQ.TO.
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Drawdown Indicators
| FBTC.TO | SOLQ.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.77% | -73.59% | +2.82% |
Max Drawdown (1Y)Largest decline over 1 year | -52.71% | -73.59% | +20.88% |
Max Drawdown (3Y)Largest decline over 3 years | -52.71% | — | — |
Current DrawdownCurrent decline from peak | -50.02% | -69.32% | +19.30% |
Average DrawdownAverage peak-to-trough decline | -31.56% | -38.45% | +6.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.33% | 52.25% | -16.92% |
Volatility
FBTC.TO vs. SOLQ.TO - Volatility Comparison
The current volatility for Fidelity Advantage Bitcoin ETF (FBTC.TO) is 7.97%, while 3iQ Solana Staking ETF (SOLQ.TO) has a volatility of 10.16%. This indicates that FBTC.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.
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Volatility by Period
| FBTC.TO | SOLQ.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.97% | 10.16% | -2.19% |
Volatility (6M)Calculated over the trailing 6-month period | 32.98% | 50.04% | -17.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.81% | 71.89% | -28.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.90% | 70.15% | -18.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.90% | 70.15% | -18.25% |
FBTC.TO vs. SOLQ.TO - Expense Ratio Comparison
FBTC.TO has a 0.35% expense ratio, which is higher than SOLQ.TO's 0.15% expense ratio.
Dividends
FBTC.TO vs. SOLQ.TO - Dividend Comparison
Neither FBTC.TO nor SOLQ.TO has paid dividends to shareholders.
Frequently Asked Questions
FBTC.TO and SOLQ.TO 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.
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 0.35% for FBTC.TO.
They also come from different issuers: Fidelity and 3iQ. Their fees differ too: 0.35% for FBTC.TO and 0.15% for SOLQ.TO.
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