MSBT vs. FSOL

Last updated Jun 24, 2026

MSBT (Morgan Stanley Bitcoin Trust) and FSOL (Fidelity Solana Fund) are both Cryptocurrency funds. MSBT is passively managed, while FSOL is actively managed. Their correlation of 0.83 suggests significant overlap in exposure. MSBT charges 0.14%/yr vs 0.25%/yr for FSOL.

Performance

MSBT vs. FSOL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Morgan Stanley Bitcoin Trust (MSBT) and Fidelity Solana Fund (FSOL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MSBT

• 1D: -3.30%
• 1M: -17.76%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FSOL

• 1D: -5.83%
• 1M: -18.63%
• YTD: -43.66%
• 6M: -43.86%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MSBT vs. FSOL - Yearly Performance Comparison

	2026 (YTD)
MSBT Morgan Stanley Bitcoin Trust	-14.09%
FSOL Fidelity Solana Fund	-15.16%

Correlation

The correlation between MSBT and FSOL is 0.83, 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 Apr 8, 2026	0.83

Return for Risk

MSBT vs. FSOL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Bitcoin Trust (MSBT) and Fidelity Solana Fund (FSOL). 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

MSBT vs. FSOL - Drawdown Comparison

The maximum MSBT drawdown since its inception was -26.46%, smaller than the maximum FSOL drawdown of -56.33%. Use the drawdown chart below to compare losses from any high point for MSBT and FSOL.

Drawdown Indicators

	MSBT	FSOL	Difference
Max Drawdown Largest peak-to-trough decline	-26.46%	-56.33%	+29.87%
Current Drawdown Current decline from peak	-23.99%	-52.76%	+28.77%
Average Drawdown Average peak-to-trough decline	-8.48%	-31.07%	+22.59%

Volatility

Volatility by Period

	MSBT	FSOL	Difference
Volatility (1Y) Calculated over the trailing 1-year period	37.06%	73.21%	-36.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.06%	73.21%	-36.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.06%	73.21%	-36.15%

MSBT vs. FSOL - Expense Ratio Comparison

MSBT has a 0.14% expense ratio, which is lower than FSOL's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

MSBT vs. FSOL - Dividend Comparison

MSBT has not paid dividends to shareholders, while FSOL's dividend yield for the trailing twelve months is around 2.13%.

Position	TTM
FSOL Fidelity Solana Fund	2.13%
MSBT Morgan Stanley Bitcoin Trust	0.00%

Frequently Asked Questions

Can I hold both MSBT and FSOL in my portfolio?

MSBT and FSOL have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MSBT or FSOL?

On fees, MSBT is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MSBT or FSOL?

MSBT is cheaper with a 0.14% expense ratio, compared with 0.25% for FSOL.

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

FSOL has the higher dividend yield at 2.13%, compared with 0.00% for MSBT.

What is the main difference between MSBT and FSOL?

They also come from different issuers: Morgan Stanley and Fidelity. Their fees differ too: 0.14% for MSBT and 0.25% for FSOL.