QBF vs. SOLT

Last updated Jun 24, 2026

QBF (Innovator Uncapped Bitcoin 20 Floor ETF - Quarterly) and SOLT (2x Solana ETF) are both Blockchain funds. Both are actively managed. Over the past year, QBF returned -37.30% vs -89.02% for SOLT. Their correlation of 0.86 suggests significant overlap in exposure. QBF charges 0.79%/yr vs 1.85%/yr for SOLT.

Performance

QBF vs. SOLT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Uncapped Bitcoin 20 Floor ETF - Quarterly (QBF) and 2x Solana ETF (SOLT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QBF achieves a -27.01% return, which is significantly higher than SOLT's -77.47% return.

QBF

• 1D: -3.18%
• 1M: -14.78%
• YTD: -27.01%
• 6M: -27.39%
• 1Y: -37.30%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SOLT

• 1D: -10.71%
• 1M: -37.12%
• YTD: -77.47%
• 6M: -77.71%
• 1Y: -89.02%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QBF vs. SOLT - Yearly Performance Comparison

	2026 (YTD)	2025
QBF Innovator Uncapped Bitcoin 20 Floor ETF - Quarterly	-27.01%	-3.26%
SOLT 2x Solana ETF	-77.47%	-55.52%

Correlation

The correlation between QBF and SOLT is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.86
Correlation (All Time) Calculated using the full available price history since Mar 20, 2025	0.86

The correlation between QBF and SOLT has been stable across timeframes, ranging from 0.86 to 0.86 - a consistent structural relationship.

Return for Risk

QBF vs. SOLT — Risk / Return Rank

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

QBF

QBF Risk / Return Rank: 1
QBF Sharpe Ratio Rank: 0
QBF Sortino Ratio Rank: 0
QBF Omega Ratio Rank: 1
QBF Calmar Ratio Rank: 2
QBF Martin Ratio Rank: 1

SOLT

SOLT Risk / Return Rank: 3
SOLT Sharpe Ratio Rank: 4
SOLT Sortino Ratio Rank: 3
SOLT Omega Ratio Rank: 3
SOLT Calmar Ratio Rank: 1
SOLT 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.

QBF vs. SOLT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Uncapped Bitcoin 20 Floor ETF - Quarterly (QBF) and 2x Solana ETF (SOLT). 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.

	QBF	SOLT	Difference
Sharpe ratio: Return per unit of total volatility	-1.38	-0.60	-0.77
Sortino ratio: Return per unit of downside risk	-2.08	-1.04	-1.04
Omega ratio: Gain probability vs. loss probability	0.78	0.89	-0.11
Calmar ratio: Return relative to maximum drawdown	-0.81	-0.93	+0.12
Martin ratio: Return relative to average drawdown	-1.43	-1.26	-0.17

QBF vs. SOLT - Sharpe Ratio Comparison

The current QBF Sharpe Ratio is -1.38, which is lower than the SOLT Sharpe Ratio of -0.60. The chart below compares the historical Sharpe Ratios of QBF and SOLT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

QBF vs. SOLT - Drawdown Comparison

The maximum QBF drawdown since its inception was -46.35%, smaller than the maximum SOLT drawdown of -96.28%. Use the drawdown chart below to compare losses from any high point for QBF and SOLT.

Drawdown Indicators

	QBF	SOLT	Difference
Max Drawdown Largest peak-to-trough decline	-46.35%	-96.28%	+49.93%
Max Drawdown (1Y) Largest decline over 1 year	-46.35%	-96.28%	+49.93%
Current Drawdown Current decline from peak	-45.44%	-95.74%	+50.30%
Average Drawdown Average peak-to-trough decline	-17.82%	-54.92%	+37.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	26.21%	70.78%	-44.57%

Volatility

QBF vs. SOLT - Volatility Comparison

The current volatility for Innovator Uncapped Bitcoin 20 Floor ETF - Quarterly (QBF) is 10.57%, while 2x Solana ETF (SOLT) has a volatility of 43.69%. This indicates that QBF experiences smaller price fluctuations and is considered to be less risky than SOLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QBF	SOLT	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.57%	43.69%	-33.12%
Volatility (6M) Calculated over the trailing 6-month period	20.27%	104.76%	-84.49%
Volatility (1Y) Calculated over the trailing 1-year period	27.20%	148.24%	-121.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.01%	151.89%	-122.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.01%	151.89%	-122.88%

QBF vs. SOLT - Expense Ratio Comparison

QBF has a 0.79% expense ratio, which is lower than SOLT's 1.85% expense ratio.

Dividends

QBF vs. SOLT - Dividend Comparison

QBF's dividend yield for the trailing twelve months is around 1.89%, less than SOLT's 6.91% yield.

Position	TTM	2025
QBF Innovator Uncapped Bitcoin 20 Floor ETF - Quarterly	1.89%	1.38%
SOLT 2x Solana ETF	6.91%	1.22%

Frequently Asked Questions

Can I hold both QBF and SOLT in my portfolio?

QBF and SOLT have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QBF or SOLT?

SOLT has higher volatility (43.69%) compared to QBF (10.57%). In terms of maximum drawdown, QBF dropped -46.35% vs SOLT's -96.28%.

Which ETF is better, QBF or SOLT?

On 1-year performance, QBF leads with -37.30% vs -89.02% for SOLT. On fees, QBF is cheaper at 0.79% per year. On volatility, QBF has been the lower-risk option at 10.57%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QBF or SOLT?

Over the 1-year period, QBF has performed better with a -37.30% return vs -89.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QBF or SOLT?

QBF is cheaper with a 0.79% expense ratio, compared with 1.85% for SOLT.

Which ETF pays a higher dividend yield, QBF or SOLT?

SOLT has the higher dividend yield at 6.91%, compared with 1.89% for QBF.

What is the main difference between QBF and SOLT?

They also come from different issuers: Innovator and Volatility Shares. Their fees differ too: 0.79% for QBF and 1.85% for SOLT.

Which has better risk-adjusted returns?

SOLT currently has the higher Sharpe Ratio (-0.60 vs -1.38), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.