NODE vs. TSOL

Last updated Jun 4, 2026

NODE (VanEck Onchain Economy ETF) and TSOL (21Shares Solana ETF) are both exchange-traded funds - NODE is a Blockchain fund actively managed by VanEck, while TSOL is a Cryptocurrency fund actively managed by 21Shares. Both are actively managed. A 0.66 correlation means they provide meaningful diversification when combined. NODE charges 0.69%/yr vs 0.21%/yr for TSOL.

Performance

NODE vs. TSOL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Onchain Economy ETF (NODE) and 21Shares Solana ETF (TSOL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NODE achieves a 33.28% return, which is significantly higher than TSOL's -41.49% return.

NODE

• 1D: -1.79%
• 1M: 10.04%
• YTD: 33.28%
• 6M: 21.22%
• 1Y: 71.73%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSOL

• 1D: -4.53%
• 1M: -14.54%
• YTD: -41.49%
• 6M: -48.57%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NODE vs. TSOL - Yearly Performance Comparison

	2026 (YTD)	2025
NODE VanEck Onchain Economy ETF	33.28%	-2.08%
TSOL 21Shares Solana ETF	-41.49%	-6.28%

Correlation

The correlation between NODE and TSOL is 0.66, 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 Nov 20, 2025	0.66

Return for Risk

NODE vs. TSOL — Risk / Return Rank

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

NODE

NODE Risk / Return Rank: 41
NODE Sharpe Ratio Rank: 46
NODE Sortino Ratio Rank: 43
NODE Omega Ratio Rank: 41
NODE Calmar Ratio Rank: 42
NODE Martin Ratio Rank: 31

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.

NODE vs. TSOL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Onchain Economy ETF (NODE) and 21Shares Solana ETF (TSOL). 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.

	NODE	TSOL	Difference
Sharpe ratio: Return per unit of total volatility	1.59	—	—
Sortino ratio: Return per unit of downside risk	2.12	—	—
Omega ratio: Gain probability vs. loss probability	1.26	—	—
Calmar ratio: Return relative to maximum drawdown	2.04	—	—
Martin ratio: Return relative to average drawdown	4.50	—	—
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

	NODE	TSOL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.59	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.62	-0.95	+2.57

Drawdowns

NODE vs. TSOL - Drawdown Comparison

The maximum NODE drawdown since its inception was -35.35%, smaller than the maximum TSOL drawdown of -50.75%. Use the drawdown chart below to compare losses from any high point for NODE and TSOL.

Drawdown Indicators

	NODE	TSOL	Difference
Max Drawdown Largest peak-to-trough decline	-35.35%	-50.75%	+15.40%
Max Drawdown (1Y) Largest decline over 1 year	-35.35%	—	—
Current Drawdown Current decline from peak	-2.42%	-50.75%	+48.33%
Average Drawdown Average peak-to-trough decline	-11.30%	-29.35%	+18.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.00%	—	—

Volatility

Volatility by Period

	NODE	TSOL	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.39%	—	—
Volatility (6M) Calculated over the trailing 6-month period	34.83%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	45.44%	71.70%	-26.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.59%	71.70%	-27.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.59%	71.70%	-27.11%

NODE vs. TSOL - Expense Ratio Comparison

NODE has a 0.69% expense ratio, which is higher than TSOL's 0.21% expense ratio.

Dividends

NODE vs. TSOL - Dividend Comparison

NODE's dividend yield for the trailing twelve months is around 0.84%, less than TSOL's 4.78% yield.

Position	TTM	2025
NODE VanEck Onchain Economy ETF	0.84%	1.12%
TSOL 21Shares Solana ETF	4.78%	0.00%

Frequently Asked Questions

Can I hold both NODE and TSOL in my portfolio?

NODE and TSOL have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NODE or TSOL?

On fees, TSOL is cheaper at 0.21% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NODE or TSOL?

TSOL is cheaper with a 0.21% expense ratio, compared with 0.69% for NODE.

Which ETF pays a higher dividend yield, NODE or TSOL?

TSOL has the higher dividend yield at 4.78%, compared with 0.84% for NODE.

What is the main difference between NODE and TSOL?

NODE is categorized as Blockchain, while TSOL is Cryptocurrency. They also come from different issuers: VanEck and 21Shares. Their fees differ too: 0.69% for NODE and 0.21% for TSOL.