FSOL vs. WGMI

Last updated Jun 4, 2026

FSOL (Fidelity Solana Fund) and WGMI (Valkyrie Bitcoin Miners ETF) are both Cryptocurrency funds. Both are actively managed. A 0.56 correlation means they provide meaningful diversification when combined. FSOL charges 0.25%/yr vs 0.75%/yr for WGMI.

Performance

FSOL vs. WGMI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Solana Fund (FSOL) and Valkyrie Bitcoin Miners ETF (WGMI). 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 WGMI's 84.78% return.

FSOL

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

WGMI

• 1D: -1.11%
• 1M: 40.03%
• YTD: 84.78%
• 6M: 55.52%
• 1Y: 294.61%
• 3Y*: 86.17%
• 5Y*: —
• 10Y*: —

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

FSOL vs. WGMI - Yearly Performance Comparison

	2026 (YTD)	2025
FSOL Fidelity Solana Fund	-41.01%	-11.84%
WGMI Valkyrie Bitcoin Miners ETF	84.78%	-8.51%

Correlation

The correlation between FSOL and WGMI is 0.56, 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	0.56

Return for Risk

FSOL vs. WGMI — Risk / Return Rank

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

WGMI

WGMI Risk / Return Rank: 79
WGMI Sharpe Ratio Rank: 95
WGMI Sortino Ratio Rank: 76
WGMI Omega Ratio Rank: 69
WGMI Calmar Ratio Rank: 91
WGMI Martin Ratio Rank: 64

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. WGMI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Solana Fund (FSOL) and Valkyrie Bitcoin Miners ETF (WGMI). 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	WGMI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.91	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.99	0.31	-1.30

Drawdowns

FSOL vs. WGMI - Drawdown Comparison

The maximum FSOL drawdown since its inception was -50.54%, smaller than the maximum WGMI drawdown of -85.76%. Use the drawdown chart below to compare losses from any high point for FSOL and WGMI.

Drawdown Indicators

	FSOL	WGMI	Difference
Max Drawdown Largest peak-to-trough decline	-50.54%	-85.76%	+35.22%
Max Drawdown (1Y) Largest decline over 1 year	—	-50.94%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-62.79%	—
Current Drawdown Current decline from peak	-50.54%	-1.11%	-49.43%
Average Drawdown Average peak-to-trough decline	-29.21%	-42.90%	+13.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	25.08%	—

Volatility

Volatility by Period

	FSOL	WGMI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	20.10%	—
Volatility (6M) Calculated over the trailing 6-month period	—	55.64%	—
Volatility (1Y) Calculated over the trailing 1-year period	71.65%	76.03%	-4.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	71.65%	81.53%	-9.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	71.65%	81.53%	-9.88%

FSOL vs. WGMI - Expense Ratio Comparison

FSOL has a 0.25% expense ratio, which is lower than WGMI's 0.75% expense ratio.

Dividends

FSOL vs. WGMI - Dividend Comparison

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

Position	TTM	2025	2024	2023
FSOL Fidelity Solana Fund	2.03%	0.00%	0.00%	0.00%
WGMI Valkyrie Bitcoin Miners ETF	0.00%	0.00%	0.22%	0.31%

Frequently Asked Questions

Can I hold both FSOL and WGMI in my portfolio?

FSOL and WGMI have a correlation of 0.56, 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 WGMI?

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 WGMI?

FSOL is cheaper with a 0.25% expense ratio, compared with 0.75% for WGMI.

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

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

What is the main difference between FSOL and WGMI?

They also come from different issuers: Fidelity and Valkyrie. Their fees differ too: 0.25% for FSOL and 0.75% for WGMI.