HODL vs. SOEZ

Last updated Jun 21, 2026

HODL (VanEck Bitcoin Trust) and SOEZ (Franklin Solana ETF) are both Cryptocurrency funds. HODL is passively managed, while SOEZ is actively managed. Their correlation of 0.91 suggests significant overlap in exposure. HODL charges 0.25%/yr vs 0.19%/yr for SOEZ.

Performance

HODL vs. SOEZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Bitcoin Trust (HODL) and Franklin Solana ETF (SOEZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HODL achieves a -28.02% return, which is significantly higher than SOEZ's -42.75% return.

HODL

• 1D: -1.93%
• 1M: -18.91%
• YTD: -28.02%
• 6M: -28.46%
• 1Y: -39.15%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SOEZ

• 1D: -3.31%
• 1M: -20.85%
• YTD: -42.75%
• 6M: -44.03%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HODL vs. SOEZ - Yearly Performance Comparison

	2026 (YTD)	2025
HODL VanEck Bitcoin Trust	-28.02%	-3.96%
SOEZ Franklin Solana ETF	-42.75%	-11.69%

Correlation

The correlation between HODL and SOEZ is 0.91, 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 Dec 3, 2025	0.91

Return for Risk

HODL vs. SOEZ — Risk / Return Rank

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

HODL

HODL Risk / Return Rank: 2
HODL Sharpe Ratio Rank: 2
HODL Sortino Ratio Rank: 2
HODL Omega Ratio Rank: 2
HODL Calmar Ratio Rank: 3
HODL Martin Ratio Rank: 2

SOEZ

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

HODL vs. SOEZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Bitcoin Trust (HODL) and Franklin Solana ETF (SOEZ). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	HODL	SOEZ	Difference
Sharpe ratio: Return per unit of total volatility	-0.90	—	—
Sortino ratio: Return per unit of downside risk	-1.25	—	—
Omega ratio: Gain probability vs. loss probability	0.86	—	—
Calmar ratio: Return relative to maximum drawdown	-0.76	—	—
Martin ratio: Return relative to average drawdown	-1.31	—	—

Drawdowns

HODL vs. SOEZ - Drawdown Comparison

The maximum HODL drawdown since its inception was -51.96%, smaller than the maximum SOEZ drawdown of -56.14%. Use the drawdown chart below to compare losses from any high point for HODL and SOEZ.

Drawdown Indicators

	HODL	SOEZ	Difference
Max Drawdown Largest peak-to-trough decline	-51.96%	-56.14%	+4.18%
Max Drawdown (1Y) Largest decline over 1 year	-51.96%	—	—
Current Drawdown Current decline from peak	-49.85%	-51.89%	+2.04%
Average Drawdown Average peak-to-trough decline	-16.67%	-32.33%	+15.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	30.16%	—	—

Volatility

Volatility by Period

	HODL	SOEZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.64%	—	—
Volatility (6M) Calculated over the trailing 6-month period	34.42%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	43.94%	70.67%	-26.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	49.91%	70.67%	-20.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.91%	70.67%	-20.76%

HODL vs. SOEZ - Expense Ratio Comparison

HODL has a 0.25% expense ratio, which is higher than SOEZ's 0.19% 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

HODL vs. SOEZ - Dividend Comparison

HODL has not paid dividends to shareholders, while SOEZ's dividend yield for the trailing twelve months is around 0.96%.

Position	TTM
HODL VanEck Bitcoin Trust	0.00%
SOEZ Franklin Solana ETF	0.96%

Frequently Asked Questions

Can I hold both HODL and SOEZ in my portfolio?

With a correlation of 0.91, HODL and SOEZ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, HODL or SOEZ?

On fees, SOEZ is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HODL or SOEZ?

SOEZ is cheaper with a 0.19% expense ratio, compared with 0.25% for HODL.

Which ETF pays a higher dividend yield, HODL or SOEZ?

SOEZ has the higher dividend yield at 0.96%, compared with 0.00% for HODL.

What is the main difference between HODL and SOEZ?

They also come from different issuers: VanEck and Franklin. Their fees differ too: 0.25% for HODL and 0.19% for SOEZ.