IETH vs. BSOL

Last updated Jul 14, 2026

IETH (Bitwise Ethereum Option Income Strategy ETF) and BSOL (Bitwise Solana Staking ETF) are both exchange-traded funds - IETH is a Derivative Income fund actively managed by Bitwise, while BSOL is a Cryptocurrency fund tracking the Solana (SOL) spot price. IETH is actively managed, while BSOL is passively managed. Their correlation of 0.90 suggests significant overlap in exposure. IETH charges 0.97%/yr vs 0.20%/yr for BSOL.

Performance

IETH vs. BSOL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bitwise Ethereum Option Income Strategy ETF (IETH) and Bitwise Solana Staking ETF (BSOL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IETH achieves a -34.41% return, which is significantly higher than BSOL's -37.68% return.

IETH

• 1D: -0.91%
• 1M: 6.35%
• 6M: -37.61%
• YTD: -34.41%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BSOL

• 1D: -3.49%
• 1M: 12.93%
• 6M: -44.91%
• YTD: -37.68%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IETH vs. BSOL - Yearly Performance Comparison

	2026 (YTD)	2025
IETH Bitwise Ethereum Option Income Strategy ETF	-34.41%	-24.83%
BSOL Bitwise Solana Staking ETF	-37.68%	-38.11%

Correlation

The correlation between IETH and BSOL 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 Oct 28, 2025	0.90

Return for Risk

IETH vs. BSOL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bitwise Ethereum Option Income Strategy ETF (IETH) and Bitwise Solana Staking ETF (BSOL). 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.

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

Drawdowns

IETH vs. BSOL - Drawdown Comparison

The maximum IETH drawdown since its inception was -59.76%, smaller than the maximum BSOL drawdown of -67.62%. Use the drawdown chart below to compare losses from any high point for IETH and BSOL.

Drawdown Indicators

	IETH	BSOL	Difference
Max Drawdown Largest peak-to-trough decline	-59.76%	-67.62%	+7.86%
Current Drawdown Current decline from peak	-54.66%	-61.43%	+6.77%
Average Drawdown Average peak-to-trough decline	-39.54%	-48.00%	+8.46%

Volatility

Volatility by Period

	IETH	BSOL	Difference
Volatility (1Y) Calculated over the trailing 1-year period	59.55%	75.85%	-16.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	59.55%	75.85%	-16.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	59.55%	75.85%	-16.30%

IETH vs. BSOL - Expense Ratio Comparison

IETH has a 0.97% expense ratio, which is higher than BSOL's 0.20% expense ratio.

Dividends

IETH vs. BSOL - Dividend Comparison

IETH's dividend yield for the trailing twelve months is around 48.23%, while BSOL has not paid dividends to shareholders.

Position	TTM	2025
BSOL Bitwise Solana Staking ETF	0.00%	0.00%
IETH Bitwise Ethereum Option Income Strategy ETF	48.23%	18.26%

Frequently Asked Questions

Can I hold both IETH and BSOL in my portfolio?

IETH and BSOL have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IETH or BSOL?

On fees, BSOL is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IETH or BSOL?

BSOL is cheaper with a 0.20% expense ratio, compared with 0.97% for IETH.

Which ETF pays a higher dividend yield, IETH or BSOL?

IETH has the higher dividend yield at 48.23%, compared with 0.00% for BSOL.

What is the main difference between IETH and BSOL?

IETH is categorized as Derivative Income, while BSOL is Cryptocurrency. Their fees differ too: 0.97% for IETH and 0.20% for BSOL.