OWNB vs. QSOL

Last updated Jun 4, 2026

OWNB (Bitwise Bitcoin Standard Corporations ETF) and QSOL (Invesco Galaxy Solana ETF) are both exchange-traded funds - OWNB is a Blockchain fund tracking the Bitwise Bitcoin Standard Corporations Inde, while QSOL is a Cryptocurrency fund tracking the Lukka Prime Solana Reference Rate - Benchmark Price Return. Both are passively managed. A 0.77 correlation means they provide meaningful diversification when combined. OWNB charges 0.85%/yr vs 0.25%/yr for QSOL.

Performance

OWNB vs. QSOL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bitwise Bitcoin Standard Corporations ETF (OWNB) and Invesco Galaxy Solana ETF (QSOL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OWNB achieves a -1.56% return, which is significantly higher than QSOL's -41.51% return.

OWNB

• 1D: -1.95%
• 1M: -2.79%
• YTD: -1.56%
• 6M: -18.67%
• 1Y: -28.07%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QSOL

• 1D: -4.67%
• 1M: -14.50%
• YTD: -41.51%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

OWNB vs. QSOL - Yearly Performance Comparison

	2026 (YTD)	2025
OWNB Bitwise Bitcoin Standard Corporations ETF	-1.56%	-6.32%
QSOL Invesco Galaxy Solana ETF	-41.51%	-0.92%

Correlation

The correlation between OWNB and QSOL is 0.77, 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 Dec 16, 2025	0.77

Return for Risk

OWNB vs. QSOL — Risk / Return Rank

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

OWNB

OWNB Risk / Return Rank: 5
OWNB Sharpe Ratio Rank: 5
OWNB Sortino Ratio Rank: 5
OWNB Omega Ratio Rank: 5
OWNB Calmar Ratio Rank: 5
OWNB Martin Ratio Rank: 5

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.

OWNB vs. QSOL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bitwise Bitcoin Standard Corporations ETF (OWNB) and Invesco Galaxy Solana ETF (QSOL). 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.

	OWNB	QSOL	Difference
Sharpe ratio: Return per unit of total volatility	-0.49	—	—
Sortino ratio: Return per unit of downside risk	-0.41	—	—
Omega ratio: Gain probability vs. loss probability	0.96	—	—
Calmar ratio: Return relative to maximum drawdown	-0.47	—	—
Martin ratio: Return relative to average drawdown	-0.83	—	—
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

	OWNB	QSOL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.49	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.07	-0.99	+0.92

Drawdowns

OWNB vs. QSOL - Drawdown Comparison

The maximum OWNB drawdown since its inception was -59.47%, which is greater than QSOL's maximum drawdown of -50.82%. Use the drawdown chart below to compare losses from any high point for OWNB and QSOL.

Drawdown Indicators

	OWNB	QSOL	Difference
Max Drawdown Largest peak-to-trough decline	-59.47%	-50.82%	-8.65%
Max Drawdown (1Y) Largest decline over 1 year	-59.47%	—	—
Current Drawdown Current decline from peak	-44.54%	-50.82%	+6.28%
Average Drawdown Average peak-to-trough decline	-24.89%	-31.98%	+7.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	33.96%	—	—

Volatility

Volatility by Period

	OWNB	QSOL	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.15%	—	—
Volatility (6M) Calculated over the trailing 6-month period	42.52%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	57.85%	70.59%	-12.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	62.36%	70.59%	-8.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	62.36%	70.59%	-8.23%

OWNB vs. QSOL - Expense Ratio Comparison

OWNB has a 0.85% expense ratio, which is higher than QSOL's 0.25% expense ratio.

Dividends

OWNB vs. QSOL - Dividend Comparison

OWNB's dividend yield for the trailing twelve months is around 0.88%, more than QSOL's 0.20% yield.

Position	TTM	2025
OWNB Bitwise Bitcoin Standard Corporations ETF	0.88%	0.87%
QSOL Invesco Galaxy Solana ETF	0.20%	0.00%

Frequently Asked Questions

Can I hold both OWNB and QSOL in my portfolio?

OWNB and QSOL have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, OWNB or QSOL?

On fees, QSOL is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, OWNB or QSOL?

QSOL is cheaper with a 0.25% expense ratio, compared with 0.85% for OWNB.

Which ETF pays a higher dividend yield, OWNB or QSOL?

OWNB has the higher dividend yield at 0.88%, compared with 0.20% for QSOL.

What is the main difference between OWNB and QSOL?

OWNB is categorized as Blockchain, while QSOL is Cryptocurrency. OWNB tracks Bitwise Bitcoin Standard Corporations Inde, while QSOL tracks Lukka Prime Solana Reference Rate - Benchmark Price Return. They also come from different issuers: Bitwise and Invesco. Their fees differ too: 0.85% for OWNB and 0.25% for QSOL.