FSOL vs. MSBT

Last updated Jun 4, 2026

FSOL (Fidelity Solana Fund) and MSBT (Morgan Stanley Bitcoin Trust) are both Cryptocurrency funds. FSOL is actively managed, while MSBT is passively managed. A 0.78 correlation means they provide meaningful diversification when combined. FSOL charges 0.25%/yr vs 0.14%/yr for MSBT.

Performance

FSOL vs. MSBT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Solana Fund (FSOL) and Morgan Stanley Bitcoin Trust (MSBT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FSOL

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

MSBT

• 1D: -2.70%
• 1M: -18.41%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FSOL vs. MSBT - Yearly Performance Comparison

	2026 (YTD)
FSOL Fidelity Solana Fund	-12.98%
MSBT Morgan Stanley Bitcoin Trust	-8.40%

Correlation

The correlation between FSOL and MSBT is 0.78, 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 Apr 9, 2026	0.78

Return for Risk

FSOL vs. MSBT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Solana Fund (FSOL) and Morgan Stanley Bitcoin Trust (MSBT). 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	MSBT	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.99	-1.33	+0.34

Drawdowns

FSOL vs. MSBT - Drawdown Comparison

The maximum FSOL drawdown since its inception was -50.54%, which is greater than MSBT's maximum drawdown of -20.25%. Use the drawdown chart below to compare losses from any high point for FSOL and MSBT.

Drawdown Indicators

	FSOL	MSBT	Difference
Max Drawdown Largest peak-to-trough decline	-50.54%	-20.25%	-30.29%
Current Drawdown Current decline from peak	-50.54%	-20.25%	-30.29%
Average Drawdown Average peak-to-trough decline	-29.21%	-3.91%	-25.30%

Volatility

Volatility by Period

	FSOL	MSBT	Difference
Volatility (1Y) Calculated over the trailing 1-year period	71.65%	32.92%	+38.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	71.65%	32.92%	+38.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	71.65%	32.92%	+38.73%

FSOL vs. MSBT - Expense Ratio Comparison

FSOL has a 0.25% expense ratio, which is higher than MSBT's 0.14% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

FSOL vs. MSBT - Dividend Comparison

FSOL's dividend yield for the trailing twelve months is around 2.03%, while MSBT has not paid dividends to shareholders.

Position	TTM
FSOL Fidelity Solana Fund	2.03%
MSBT Morgan Stanley Bitcoin Trust	0.00%

Frequently Asked Questions

Can I hold both FSOL and MSBT in my portfolio?

FSOL and MSBT have a correlation of 0.78, 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 MSBT?

On fees, MSBT is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FSOL or MSBT?

MSBT is cheaper with a 0.14% expense ratio, compared with 0.25% for FSOL.

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

FSOL has the higher dividend yield at 2.03%, compared with 0.00% for MSBT.

What is the main difference between FSOL and MSBT?

They also come from different issuers: Fidelity and Morgan Stanley. Their fees differ too: 0.25% for FSOL and 0.14% for MSBT.