LTCN vs. SOEZ

Last updated Apr 2, 2026

Compare and contrast key facts about Grayscale Litecoin Trust (LTCN) and Franklin Solana ETF (SOEZ).

LTCN and SOEZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. LTCN is a passively managed fund by Grayscale that tracks the performance of the CoinDesk Litecoin Price Index. It was launched on Aug 18, 2020. SOEZ is an actively managed fund by Franklin. It was launched on Dec 3, 2025.

Performance

LTCN vs. SOEZ - Performance Comparison

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

LTCN vs. SOEZ - Yearly Performance Comparison

	2026 (YTD)	2025
LTCN Grayscale Litecoin Trust	-30.17%	-16.64%
SOEZ Franklin Solana ETF	-31.67%	-11.97%

Returns By Period

The year-to-date returns for both stocks are quite close, with LTCN having a -30.17% return and SOEZ slightly lower at -31.67%.

LTCN

• 1D: -0.12%
• 1M: -2.04%
• YTD: -30.17%
• 6M: -56.04%
• 1Y: -40.13%
• 3Y*: 0.21%
• 5Y*: -48.73%
• 10Y*: —

SOEZ

• 1D: 1.61%
• 1M: -3.90%
• YTD: -31.67%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LTCN vs. SOEZ - Expense Ratio Comparison

LTCN has a 2.50% expense ratio, which is higher than SOEZ's 0.19% expense ratio.

LTCN

Grayscale Litecoin Trust

SOEZ

Franklin Solana ETF

Return for Risk

LTCN vs. SOEZ — Risk / Return Rank

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

LTCN

LTCN Risk / Return Rank: 4
LTCN Sharpe Ratio Rank: 4
LTCN Sortino Ratio Rank: 5
LTCN Omega Ratio Rank: 5
LTCN Calmar Ratio Rank: 3
LTCN Martin Ratio Rank: 3

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.

LTCN vs. SOEZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Grayscale Litecoin Trust (LTCN) 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.

	LTCN	SOEZ	Difference
Sharpe ratio Return per unit of total volatility	-0.54	—	—
Sortino ratio Return per unit of downside risk	-0.46	—	—
Omega ratio Gain probability vs. loss probability	0.95	—	—
Calmar ratio Return relative to maximum drawdown	-0.58	—	—
Martin ratio Return relative to average drawdown	-1.09	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	LTCN	SOEZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.54	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.43	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.19	-1.03	+0.84

Correlation

The correlation between LTCN and SOEZ is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

LTCN vs. SOEZ - Dividend Comparison

LTCN has not paid dividends to shareholders, while SOEZ's dividend yield for the trailing twelve months is around 0.09%.

	TTM
LTCN Grayscale Litecoin Trust	0.00%
SOEZ Franklin Solana ETF	0.09%

Drawdowns

LTCN vs. SOEZ - Drawdown Comparison

The maximum LTCN drawdown since its inception was -99.58%, which is greater than SOEZ's maximum drawdown of -47.78%. Use the drawdown chart below to compare losses from any high point for LTCN and SOEZ.

Drawdown Indicators

	LTCN	SOEZ	Difference
Max Drawdown Largest peak-to-trough decline	-99.58%	-47.78%	-51.80%
Max Drawdown (1Y) Largest decline over 1 year	-65.17%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-99.53%	—	—
Current Drawdown Current decline from peak	-99.19%	-42.58%	-56.61%
Average Drawdown Average peak-to-trough decline	-89.32%	-25.30%	-64.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	34.91%	—	—

Volatility

Volatility by Period

	LTCN	SOEZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.52%	—	—
Volatility (6M) Calculated over the trailing 6-month period	54.46%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	75.18%	77.92%	-2.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	113.22%	77.92%	+35.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	143.39%	77.92%	+65.47%