FETH vs. SOLZ

Last updated Jul 14, 2026

FETH (Fidelity Ethereum Fund) and SOLZ (Solana ETF) are both Cryptocurrency funds. FETH is passively managed, while SOLZ is actively managed. Over the past year, FETH returned -41.37% vs -58.09% for SOLZ. Their correlation of 0.87 suggests significant overlap in exposure. FETH charges 0.25%/yr vs 0.95%/yr for SOLZ.

Performance

FETH vs. SOLZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Ethereum Fund (FETH) and Solana ETF (SOLZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with FETH having a -40.36% return and SOLZ slightly higher at -40.30%.

FETH

• 1D: -1.12%
• 1M: 6.51%
• 6M: -42.88%
• YTD: -40.36%
• 1Y: -41.37%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SOLZ

• 1D: -3.47%
• 1M: 12.52%
• 6M: -47.03%
• YTD: -40.30%
• 1Y: -58.09%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FETH vs. SOLZ - Yearly Performance Comparison

	2026 (YTD)	2025
FETH Fidelity Ethereum Fund	-40.36%	45.75%
SOLZ Solana ETF	-40.30%	-14.53%

Correlation

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

Return for Risk

FETH vs. SOLZ — Risk / Return Rank

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

FETH

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

SOLZ

SOLZ Risk / Return Rank: 3
SOLZ Sharpe Ratio Rank: 3
SOLZ Sortino Ratio Rank: 3
SOLZ Omega Ratio Rank: 3
SOLZ Calmar Ratio Rank: 3
SOLZ 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.

FETH vs. SOLZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Ethereum Fund (FETH) and Solana ETF (SOLZ). 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.

	FETH	SOLZ	Difference
Sharpe ratio: Return per unit of total volatility	-0.61	-0.78	+0.17
Sortino ratio: Return per unit of downside risk	-0.63	-1.12	+0.49
Omega ratio: Gain probability vs. loss probability	0.93	0.88	+0.05
Calmar ratio: Return relative to maximum drawdown	-0.61	-0.77	+0.16
Martin ratio: Return relative to average drawdown	-0.96	-1.13	+0.17

FETH vs. SOLZ - Sharpe Ratio Comparison

The current FETH Sharpe Ratio is -0.61, which is comparable to the SOLZ Sharpe Ratio of -0.78. The chart below compares the historical Sharpe Ratios of FETH and SOLZ, 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

FETH vs. SOLZ - Drawdown Comparison

The maximum FETH drawdown since its inception was -67.94%, smaller than the maximum SOLZ drawdown of -75.68%. Use the drawdown chart below to compare losses from any high point for FETH and SOLZ.

Drawdown Indicators

	FETH	SOLZ	Difference
Max Drawdown Largest peak-to-trough decline	-67.94%	-75.68%	+7.74%
Max Drawdown (1Y) Largest decline over 1 year	-67.94%	-75.68%	+7.74%
Current Drawdown Current decline from peak	-63.51%	-71.15%	+7.64%
Average Drawdown Average peak-to-trough decline	-34.52%	-37.03%	+2.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	43.12%	51.47%	-8.35%

Volatility

FETH vs. SOLZ - Volatility Comparison

The current volatility for Fidelity Ethereum Fund (FETH) is 16.12%, while Solana ETF (SOLZ) has a volatility of 22.21%. This indicates that FETH experiences smaller price fluctuations and is considered to be less risky than SOLZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FETH	SOLZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.12%	22.21%	-6.09%
Volatility (6M) Calculated over the trailing 6-month period	46.94%	52.80%	-5.86%
Volatility (1Y) Calculated over the trailing 1-year period	68.30%	74.62%	-6.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	71.86%	76.31%	-4.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	71.86%	76.31%	-4.45%

FETH vs. SOLZ - Expense Ratio Comparison

FETH has a 0.25% expense ratio, which is lower than SOLZ's 0.95% expense ratio.

Dividends

FETH vs. SOLZ - Dividend Comparison

FETH has not paid dividends to shareholders, while SOLZ's dividend yield for the trailing twelve months is around 3.59%.

Position	TTM	2025
FETH Fidelity Ethereum Fund	0.00%	0.00%
SOLZ Solana ETF	3.59%	1.75%

Frequently Asked Questions

Can I hold both FETH and SOLZ in my portfolio?

FETH and SOLZ 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, FETH or SOLZ?

SOLZ has higher volatility (22.21%) compared to FETH (16.12%). In terms of maximum drawdown, FETH dropped -67.94% vs SOLZ's -75.68%.

Which ETF is better, FETH or SOLZ?

On 1-year performance, FETH leads with -41.37% vs -58.09% for SOLZ. On fees, FETH is cheaper at 0.25% per year. On volatility, FETH has been the lower-risk option at 16.12%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FETH or SOLZ?

Over the 1-year period, FETH has performed better with a -41.37% return vs -58.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FETH or SOLZ?

FETH is cheaper with a 0.25% expense ratio, compared with 0.95% for SOLZ.

Which ETF pays a higher dividend yield, FETH or SOLZ?

SOLZ has the higher dividend yield at 3.59%, compared with 0.00% for FETH.

What is the main difference between FETH and SOLZ?

They also come from different issuers: Fidelity and Volatility Shares. Their fees differ too: 0.25% for FETH and 0.95% for SOLZ.

Which has better risk-adjusted returns?

FETH currently has the higher Sharpe Ratio (-0.61 vs -0.78), 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.