MSBT vs. SOEZ

Last updated Jun 5, 2026

MSBT (Morgan Stanley Bitcoin Trust) and SOEZ (Franklin Solana ETF) are both Cryptocurrency funds. MSBT is passively managed, while SOEZ is actively managed. A 0.80 correlation means they provide meaningful diversification when combined. MSBT charges 0.14%/yr vs 0.19%/yr for SOEZ.

Performance

MSBT vs. SOEZ - Performance Comparison

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

Returns By Period

MSBT

• 1D: -2.77%
• 1M: -22.16%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SOEZ

• 1D: -3.99%
• 1M: -20.02%
• YTD: -43.12%
• 6M: -49.50%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MSBT vs. SOEZ - Yearly Performance Comparison

	2026 (YTD)
MSBT Morgan Stanley Bitcoin Trust	-10.94%
SOEZ Franklin Solana ETF	-16.18%

Correlation

The correlation between MSBT and SOEZ is 0.80, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 9, 2026	0.80

Return for Risk

MSBT vs. SOEZ - Risk-Adjusted Trends Comparison

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

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

Sharpe Ratios by Period

	MSBT	SOEZ	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-1.58	-1.10	-0.49

Drawdowns

MSBT vs. SOEZ - Drawdown Comparison

The maximum MSBT drawdown since its inception was -22.46%, smaller than the maximum SOEZ drawdown of -52.20%. Use the drawdown chart below to compare losses from any high point for MSBT and SOEZ.

Drawdown Indicators

	MSBT	SOEZ	Difference
Max Drawdown Largest peak-to-trough decline	-22.46%	-52.20%	+29.74%
Current Drawdown Current decline from peak	-22.46%	-52.20%	+29.74%
Average Drawdown Average peak-to-trough decline	-4.38%	-30.97%	+26.59%

Volatility

Volatility by Period

	MSBT	SOEZ	Difference
Volatility (1Y) Calculated over the trailing 1-year period	33.13%	68.82%	-35.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.13%	68.82%	-35.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.13%	68.82%	-35.69%

MSBT vs. SOEZ - Expense Ratio Comparison

MSBT has a 0.14% expense ratio, which is lower than SOEZ's 0.19% 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. SOEZ - Dividend Comparison

MSBT has not paid dividends to shareholders, while SOEZ's dividend yield for the trailing twelve months is around 0.59%.

Position	TTM
MSBT Morgan Stanley Bitcoin Trust	0.00%
SOEZ Franklin Solana ETF	0.59%

Frequently Asked Questions

Can I hold both MSBT and SOEZ in my portfolio?

MSBT and SOEZ have a correlation of 0.80, 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 SOEZ?

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 SOEZ?

MSBT is cheaper with a 0.14% expense ratio, compared with 0.19% for SOEZ.

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

SOEZ has the higher dividend yield at 0.59%, compared with 0.00% for MSBT.

What is the main difference between MSBT and SOEZ?

They also come from different issuers: Morgan Stanley and Franklin. Their fees differ too: 0.14% for MSBT and 0.19% for SOEZ.