FSOL vs. ETHE
FSOL (Fidelity Solana Fund) and ETHE (Grayscale Ethereum Trust ETF) are both Cryptocurrency funds. FSOL is actively managed, while ETHE is passively managed. Their correlation of 0.88 suggests significant overlap in exposure. FSOL charges 0.25%/yr vs 2.50%/yr for ETHE.
Performance
FSOL vs. ETHE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with FSOL having a -41.01% return and ETHE slightly higher at -39.63%.
FSOL
- 1D
- -4.73%
- 1M
- -14.55%
- YTD
- -41.01%
- 6M
- -48.13%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETHE
- 1D
- -5.64%
- 1M
- -23.64%
- YTD
- -39.63%
- 6M
- -42.89%
- 1Y
- -32.48%
- 3Y*
- 19.37%
- 5Y*
- -11.60%
- 10Y*
- —
FSOL vs. ETHE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FSOL Fidelity Solana Fund | -41.01% | -11.84% |
ETHE Grayscale Ethereum Trust ETF | -39.63% | -4.95% |
Correlation
The correlation between FSOL and ETHE 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 (All Time) Calculated using the full available price history since Nov 19, 2025 | 0.88 |
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Return for Risk
FSOL vs. ETHE — Risk / Return Rank
FSOL
ETHE
FSOL vs. ETHE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Solana Fund (FSOL) and Grayscale Ethereum Trust ETF (ETHE). 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 | ETHE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -0.48 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.14 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.99 | 0.06 | -1.05 |
Drawdowns
FSOL vs. ETHE - Drawdown Comparison
The maximum FSOL drawdown since its inception was -50.54%, smaller than the maximum ETHE drawdown of -96.26%. Use the drawdown chart below to compare losses from any high point for FSOL and ETHE.
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Drawdown Indicators
| FSOL | ETHE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.54% | -96.26% | +45.72% |
Max Drawdown (1Y)Largest decline over 1 year | — | -63.16% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -66.12% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -89.85% | — |
Current DrawdownCurrent decline from peak | -50.54% | -77.17% | +26.63% |
Average DrawdownAverage peak-to-trough decline | -29.21% | -72.23% | +43.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 37.98% | — |
Volatility
FSOL vs. ETHE - Volatility Comparison
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Volatility by Period
| FSOL | ETHE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 9.87% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 46.00% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 71.65% | 68.31% | +3.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.65% | 82.26% | -10.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.65% | 191.84% | -120.19% |
FSOL vs. ETHE - Expense Ratio Comparison
FSOL has a 0.25% expense ratio, which is lower than ETHE's 2.50% expense ratio.
Dividends
FSOL vs. ETHE - Dividend Comparison
FSOL's dividend yield for the trailing twelve months is around 2.03%, more than ETHE's 1.35% yield.
| Position | TTM |
|---|---|
ETHE Grayscale Ethereum Trust ETF | 1.35% |
FSOL Fidelity Solana Fund | 2.03% |
Frequently Asked Questions
FSOL and ETHE 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, 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 2.50% for ETHE.
FSOL has the higher dividend yield at 2.03%, compared with 1.35% for ETHE.
They also come from different issuers: Fidelity and Grayscale. Their fees differ too: 0.25% for FSOL and 2.50% for ETHE.
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