IBIT vs. SOEZ
IBIT (iShares Bitcoin Trust ETF) and SOEZ (Franklin Solana ETF) are both Cryptocurrency funds. IBIT is passively managed, while SOEZ is actively managed. Their correlation of 0.90 suggests significant overlap in exposure. IBIT charges 0.25%/yr vs 0.19%/yr for SOEZ.
Performance
IBIT vs. SOEZ - Performance Comparison
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Returns By Period
In the year-to-date period, IBIT achieves a -27.45% return, which is significantly higher than SOEZ's -43.12% return.
IBIT
- 1D
- -2.65%
- 1M
- -22.17%
- YTD
- -27.45%
- 6M
- -31.40%
- 1Y
- -39.60%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SOEZ
- 1D
- -3.99%
- 1M
- -20.02%
- YTD
- -43.12%
- 6M
- -49.50%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBIT vs. SOEZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IBIT iShares Bitcoin Trust ETF | -27.45% | -5.86% |
SOEZ Franklin Solana ETF | -43.12% | -11.97% |
Correlation
The correlation between IBIT and SOEZ is 0.90, 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 4, 2025 | 0.90 |
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Return for Risk
IBIT vs. SOEZ — Risk / Return Rank
IBIT
SOEZ
IBIT vs. SOEZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Bitcoin Trust ETF (IBIT) 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.
| IBIT | SOEZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.86 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.80 | — | — |
| Martin ratioReturn relative to average drawdown | -1.39 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IBIT | SOEZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.91 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | -1.10 | +1.37 |
Drawdowns
IBIT vs. SOEZ - Drawdown Comparison
The maximum IBIT drawdown since its inception was -49.47%, smaller than the maximum SOEZ drawdown of -52.20%. Use the drawdown chart below to compare losses from any high point for IBIT and SOEZ.
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Drawdown Indicators
| IBIT | SOEZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.47% | -52.20% | +2.73% |
Max Drawdown (1Y)Largest decline over 1 year | -49.47% | — | — |
Current DrawdownCurrent decline from peak | -49.47% | -52.20% | +2.73% |
Average DrawdownAverage peak-to-trough decline | -16.07% | -30.97% | +14.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.61% | — | — |
Volatility
IBIT vs. SOEZ - Volatility Comparison
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Volatility by Period
| IBIT | SOEZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.14% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 33.89% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 43.76% | 68.82% | -25.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.18% | 68.82% | -18.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.18% | 68.82% | -18.64% |
IBIT vs. SOEZ - Expense Ratio Comparison
IBIT 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
IBIT vs. SOEZ - Dividend Comparison
IBIT has not paid dividends to shareholders, while SOEZ's dividend yield for the trailing twelve months is around 0.59%.
| Position | TTM |
|---|---|
IBIT iShares Bitcoin Trust ETF | 0.00% |
SOEZ Franklin Solana ETF | 0.59% |
Frequently Asked Questions
With a correlation of 0.90, IBIT 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.
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.
SOEZ is cheaper with a 0.19% expense ratio, compared with 0.25% for IBIT.
SOEZ has the higher dividend yield at 0.59%, compared with 0.00% for IBIT.
They also come from different issuers: iShares and Franklin. Their fees differ too: 0.25% for IBIT and 0.19% for SOEZ.
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