FSOL vs. AETH

Last updated Jun 4, 2026

FSOL (Fidelity Solana Fund) and AETH (Bitwise Ethereum Strategy ETF) are both Cryptocurrency funds. Both are actively managed. A 0.53 correlation means they provide meaningful diversification when combined. FSOL charges 0.25%/yr vs 0.90%/yr for AETH.

Performance

FSOL vs. AETH - Performance Comparison

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

Returns By Period

In the year-to-date period, FSOL achieves a -41.01% return, which is significantly lower than AETH's -9.79% return.

FSOL

• 1D: -4.73%
• 1M: -14.55%
• YTD: -41.01%
• 6M: -48.13%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AETH

• 1D: -0.01%
• 1M: -4.98%
• YTD: -9.79%
• 6M: -15.30%
• 1Y: -16.05%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FSOL vs. AETH - Yearly Performance Comparison

	2026 (YTD)	2025
FSOL Fidelity Solana Fund	-41.01%	-11.84%
AETH Bitwise Ethereum Strategy ETF	-9.79%	-6.00%

Correlation

The correlation between FSOL and AETH is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 19, 2025	0.53

Return for Risk

FSOL vs. AETH — Risk / Return Rank

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

AETH

AETH Risk / Return Rank: 6
AETH Sharpe Ratio Rank: 5
AETH Sortino Ratio Rank: 6
AETH Omega Ratio Rank: 5
AETH Calmar Ratio Rank: 5
AETH Martin Ratio Rank: 6

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.

FSOL vs. AETH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Solana Fund (FSOL) and Bitwise Ethereum Strategy ETF (AETH). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	FSOL	AETH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.36	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.99	0.37	-1.36

Drawdowns

FSOL vs. AETH - Drawdown Comparison

The maximum FSOL drawdown since its inception was -50.54%, which is greater than AETH's maximum drawdown of -47.78%. Use the drawdown chart below to compare losses from any high point for FSOL and AETH.

Drawdown Indicators

	FSOL	AETH	Difference
Max Drawdown Largest peak-to-trough decline	-50.54%	-47.78%	-2.76%
Max Drawdown (1Y) Largest decline over 1 year	—	-43.98%	—
Current Drawdown Current decline from peak	-50.54%	-43.85%	-6.69%
Average Drawdown Average peak-to-trough decline	-29.21%	-24.65%	-4.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	30.86%	—

Volatility

Volatility by Period

	FSOL	AETH	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.02%	—
Volatility (6M) Calculated over the trailing 6-month period	—	27.18%	—
Volatility (1Y) Calculated over the trailing 1-year period	71.65%	45.03%	+26.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	71.65%	54.68%	+16.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	71.65%	54.68%	+16.97%

FSOL vs. AETH - Expense Ratio Comparison

FSOL has a 0.25% expense ratio, which is lower than AETH's 0.90% expense ratio.

Dividends

FSOL vs. AETH - Dividend Comparison

FSOL's dividend yield for the trailing twelve months is around 2.03%, less than AETH's 2.67% yield.

Position	TTM	2025	2024	2023
AETH Bitwise Ethereum Strategy ETF	2.67%	2.41%	14.73%	6.64%
FSOL Fidelity Solana Fund	2.03%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FSOL and AETH in my portfolio?

FSOL and AETH have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FSOL or AETH?

On fees, FSOL is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FSOL or AETH?

FSOL is cheaper with a 0.25% expense ratio, compared with 0.90% for AETH.

Which ETF pays a higher dividend yield, FSOL or AETH?

AETH has the higher dividend yield at 2.67%, compared with 2.03% for FSOL.

What is the main difference between FSOL and AETH?

They also come from different issuers: Fidelity and Bitwise. Their fees differ too: 0.25% for FSOL and 0.90% for AETH.