FSOL vs. OBIL

Last updated Jun 4, 2026

FSOL (Fidelity Solana Fund) and OBIL (US Treasury 12 Month Bill ETF) are both exchange-traded funds - FSOL is a Cryptocurrency fund actively managed by Fidelity, while OBIL is a Government Bonds fund tracking the ICE BofA US 1-Year Treasury Bill Index - Benchmark TR Gross. FSOL is actively managed, while OBIL is passively managed. At a correlation of -0.03, they often move in opposite directions. FSOL charges 0.25%/yr vs 0.15%/yr for OBIL.

Performance

FSOL vs. OBIL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Solana Fund (FSOL) and US Treasury 12 Month Bill ETF (OBIL). 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 OBIL's 1.17% return.

FSOL

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

OBIL

• 1D: 0.00%
• 1M: 0.27%
• YTD: 1.17%
• 6M: 1.51%
• 1Y: 3.83%
• 3Y*: 4.55%
• 5Y*: —
• 10Y*: —

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

FSOL vs. OBIL - Yearly Performance Comparison

	2026 (YTD)	2025
FSOL Fidelity Solana Fund	-41.01%	-11.84%
OBIL US Treasury 12 Month Bill ETF	1.17%	0.54%

Correlation

The correlation between FSOL and OBIL is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 19, 2025	-0.03

Return for Risk

FSOL vs. OBIL — Risk / Return Rank

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

OBIL

OBIL Risk / Return Rank: 99
OBIL Sharpe Ratio Rank: 99
OBIL Sortino Ratio Rank: 99
OBIL Omega Ratio Rank: 99
OBIL Calmar Ratio Rank: 99
OBIL Martin Ratio Rank: 99

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. OBIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Solana Fund (FSOL) and US Treasury 12 Month Bill ETF (OBIL). 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	OBIL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	7.07	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.99	5.38	-6.37

Drawdowns

FSOL vs. OBIL - Drawdown Comparison

The maximum FSOL drawdown since its inception was -50.54%, which is greater than OBIL's maximum drawdown of -0.33%. Use the drawdown chart below to compare losses from any high point for FSOL and OBIL.

Drawdown Indicators

	FSOL	OBIL	Difference
Max Drawdown Largest peak-to-trough decline	-50.54%	-0.33%	-50.21%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.14%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-0.21%	—
Current Drawdown Current decline from peak	-50.54%	0.00%	-50.54%
Average Drawdown Average peak-to-trough decline	-29.21%	-0.03%	-29.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.03%	—

Volatility

Volatility by Period

	FSOL	OBIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.10%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.33%	—
Volatility (1Y) Calculated over the trailing 1-year period	71.65%	0.54%	+71.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	71.65%	0.82%	+70.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	71.65%	0.82%	+70.83%

FSOL vs. OBIL - Expense Ratio Comparison

FSOL has a 0.25% expense ratio, which is higher than OBIL's 0.15% 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. OBIL - Dividend Comparison

FSOL's dividend yield for the trailing twelve months is around 2.03%, less than OBIL's 3.65% yield.

Position	TTM	2025	2024	2023	2022
FSOL Fidelity Solana Fund	2.03%	0.00%	0.00%	0.00%	0.00%
OBIL US Treasury 12 Month Bill ETF	3.65%	3.83%	4.56%	4.92%	0.52%

Frequently Asked Questions

Can I hold both FSOL and OBIL in my portfolio?

FSOL and OBIL have a correlation of -0.03, 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 OBIL?

On fees, OBIL is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FSOL or OBIL?

OBIL is cheaper with a 0.15% expense ratio, compared with 0.25% for FSOL.

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

OBIL has the higher dividend yield at 3.65%, compared with 2.03% for FSOL.

What is the main difference between FSOL and OBIL?

FSOL is categorized as Cryptocurrency, while OBIL is Government Bonds. They also come from different issuers: Fidelity and US Benchmark Series. Their fees differ too: 0.25% for FSOL and 0.15% for OBIL.