FSOL vs. BTOP
FSOL (Fidelity Solana Fund) and BTOP (Bitwise Bitcoin And Ether Equal Weight Strategy ETF) are both Cryptocurrency funds. Both are actively managed. At a 0.44 correlation, their price movements are largely independent. FSOL charges 0.25%/yr vs 0.90%/yr for BTOP.
Performance
FSOL vs. BTOP - Performance Comparison
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Returns By Period
In the year-to-date period, FSOL achieves a -41.01% return, which is significantly lower than BTOP's -0.19% return.
FSOL
- 1D
- -4.73%
- 1M
- -14.55%
- YTD
- -41.01%
- 6M
- -48.13%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BTOP
- 1D
- 0.00%
- 1M
- -7.13%
- YTD
- -0.19%
- 6M
- -7.39%
- 1Y
- -10.58%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FSOL vs. BTOP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FSOL Fidelity Solana Fund | -41.01% | -11.84% |
BTOP Bitwise Bitcoin And Ether Equal Weight Strategy ETF | -0.19% | -7.03% |
Correlation
The correlation between FSOL and BTOP is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 19, 2025 | 0.44 |
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Return for Risk
FSOL vs. BTOP — Risk / Return Rank
FSOL
BTOP
FSOL vs. BTOP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Solana Fund (FSOL) and Bitwise Bitcoin And Ether Equal Weight Strategy ETF (BTOP). 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.
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Sharpe Ratios by Period
| FSOL | BTOP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -0.42 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.99 | 0.61 | -1.60 |
Drawdowns
FSOL vs. BTOP - Drawdown Comparison
The maximum FSOL drawdown since its inception was -50.54%, which is greater than BTOP's maximum drawdown of -43.37%. Use the drawdown chart below to compare losses from any high point for FSOL and BTOP.
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Drawdown Indicators
| FSOL | BTOP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.54% | -43.37% | -7.17% |
Max Drawdown (1Y)Largest decline over 1 year | — | -31.35% | — |
Current DrawdownCurrent decline from peak | -50.54% | -29.59% | -20.95% |
Average DrawdownAverage peak-to-trough decline | -29.21% | -19.28% | -9.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 21.91% | — |
Volatility
FSOL vs. BTOP - Volatility Comparison
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Volatility by Period
| FSOL | BTOP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 7.72% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 23.63% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 71.65% | 32.72% | +38.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.65% | 46.22% | +25.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.65% | 46.22% | +25.43% |
FSOL vs. BTOP - Expense Ratio Comparison
FSOL has a 0.25% expense ratio, which is lower than BTOP's 0.90% expense ratio.
Dividends
FSOL vs. BTOP - Dividend Comparison
FSOL's dividend yield for the trailing twelve months is around 2.03%, less than BTOP's 2.39% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BTOP Bitwise Bitcoin And Ether Equal Weight Strategy ETF | 2.39% | 2.38% | 59.44% | 5.82% |
FSOL Fidelity Solana Fund | 2.03% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FSOL and BTOP have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
FSOL is cheaper with a 0.25% expense ratio, compared with 0.90% for BTOP.
BTOP has the higher dividend yield at 2.39%, compared with 2.03% for FSOL.
They also come from different issuers: Fidelity and Bitwise. Their fees differ too: 0.25% for FSOL and 0.90% for BTOP.
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