QSOL vs. BITS

Last updated Jun 24, 2026

QSOL (Invesco Galaxy Solana ETF) and BITS (Global X Blockchain & Bitcoin Strategy ETF) are both Cryptocurrency funds - QSOL tracks the Lukka Prime Solana Reference Rate - Benchmark Price Return while BITS tracks the NONE. Both are passively managed. Their correlation of 0.81 suggests significant overlap in exposure. QSOL charges 0.25%/yr vs 0.65%/yr for BITS.

Performance

QSOL vs. BITS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Galaxy Solana ETF (QSOL) and Global X Blockchain & Bitcoin Strategy ETF (BITS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QSOL achieves a -43.81% return, which is significantly lower than BITS's -5.85% return.

QSOL

• 1D: -5.21%
• 1M: -18.27%
• YTD: -43.81%
• 6M: -44.06%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BITS

• 1D: -4.84%
• 1M: -14.26%
• YTD: -5.85%
• 6M: -9.20%
• 1Y: 4.90%
• 3Y*: 38.72%
• 5Y*: —
• 10Y*: —

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

QSOL vs. BITS - Yearly Performance Comparison

	2026 (YTD)	2025
QSOL Invesco Galaxy Solana ETF	-43.81%	-4.28%
BITS Global X Blockchain & Bitcoin Strategy ETF	-5.85%	-6.97%

Correlation

The correlation between QSOL and BITS is 0.81, 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 Dec 15, 2025	0.81

Return for Risk

QSOL vs. BITS — Risk / Return Rank

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

QSOL

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

BITS

BITS Risk / Return Rank: 11
BITS Sharpe Ratio Rank: 10
BITS Sortino Ratio Rank: 12
BITS Omega Ratio Rank: 12
BITS Calmar Ratio Rank: 10
BITS Martin Ratio Rank: 9

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.

QSOL vs. BITS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Galaxy Solana ETF (QSOL) and Global X Blockchain & Bitcoin Strategy ETF (BITS). 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.

	QSOL	BITS	Difference
Sharpe ratio: Return per unit of total volatility	—	0.09	—
Sortino ratio: Return per unit of downside risk	—	0.51	—
Omega ratio: Gain probability vs. loss probability	—	1.06	—
Calmar ratio: Return relative to maximum drawdown	—	0.10	—
Martin ratio: Return relative to average drawdown	—	0.18	—

Drawdowns

QSOL vs. BITS - Drawdown Comparison

The maximum QSOL drawdown since its inception was -56.55%, smaller than the maximum BITS drawdown of -83.11%. Use the drawdown chart below to compare losses from any high point for QSOL and BITS.

Drawdown Indicators

	QSOL	BITS	Difference
Max Drawdown Largest peak-to-trough decline	-56.55%	-83.11%	+26.56%
Max Drawdown (1Y) Largest decline over 1 year	—	-48.38%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-48.38%	—
Current Drawdown Current decline from peak	-52.76%	-38.01%	-14.75%
Average Drawdown Average peak-to-trough decline	-33.92%	-42.62%	+8.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	26.93%	—

Volatility

Volatility by Period

	QSOL	BITS	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	15.28%	—
Volatility (6M) Calculated over the trailing 6-month period	—	40.87%	—
Volatility (1Y) Calculated over the trailing 1-year period	72.31%	53.44%	+18.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	72.31%	60.88%	+11.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	72.31%	60.88%	+11.43%

QSOL vs. BITS - Expense Ratio Comparison

QSOL has a 0.25% expense ratio, which is lower than BITS's 0.65% expense ratio.

Dividends

QSOL vs. BITS - Dividend Comparison

QSOL's dividend yield for the trailing twelve months is around 0.99%, less than BITS's 24.21% yield.

Position	TTM	2025	2024	2023	2022	2021
BITS Global X Blockchain & Bitcoin Strategy ETF	24.21%	22.80%	29.49%	13.69%	0.48%	1.90%
QSOL Invesco Galaxy Solana ETF	0.99%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QSOL and BITS in my portfolio?

QSOL and BITS have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QSOL or BITS?

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, QSOL or BITS?

QSOL is cheaper with a 0.25% expense ratio, compared with 0.65% for BITS.

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

BITS has the higher dividend yield at 24.21%, compared with 0.99% for QSOL.

What is the main difference between QSOL and BITS?

QSOL tracks Lukka Prime Solana Reference Rate - Benchmark Price Return, while BITS tracks NONE. They also come from different issuers: Invesco and Global X. Their fees differ too: 0.25% for QSOL and 0.65% for BITS.