QSOL vs. BTRN

Last updated Aug 6, 2026

QSOL (Invesco Galaxy Solana ETF) and BTRN (Global X Bitcoin Trend Strategy ETF) are both Cryptocurrency funds - QSOL tracks the Lukka Prime Solana Reference Rate - Benchmark Price Return while BTRN tracks the CoinDesk Bitcoin Trend Indicator Futures Index. Both are passively managed. Their 0.51 correlation means they have sometimes moved together and sometimes differently. QSOL charges 0.25%/yr vs 0.95%/yr for BTRN.

Performance

QSOL vs. BTRN - Performance Comparison

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

Returns By Period

In the year-to-date period, QSOL achieves a -39.18% return, which is significantly lower than BTRN's -10.16% return.

QSOL

• 1D: 0.13%
• 1M: -9.14%
• 6M: -19.06%
• YTD: -39.18%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

BTRN

• 1D: 0.24%
• 1M: 0.41%
• 6M: -9.36%
• YTD: -10.16%
• 1Y: -21.52%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -1.15%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BTRN Global X Bitcoin Trend Strategy ETF	$5.42K	$4.49K	$41.71K
QSOL Invesco Galaxy Solana ETF	$133.31K	$75.15K	$97.62K

QSOL vs. BTRN - Yearly Performance Comparison

	2026 (YTD)	2025
QSOL Invesco Galaxy Solana ETF	-39.18%	-4.28%
BTRN Global X Bitcoin Trend Strategy ETF	-10.16%	-0.17%

Correlation

The correlation between QSOL and BTRN is 0.51, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 15, 2025	0.51

Return for Risk

QSOL vs. BTRN — Risk / Return Rank

Compare historical risk-adjusted metric ranks 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.

BTRN

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

QSOL vs. BTRN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Galaxy Solana ETF (QSOL) and Global X Bitcoin Trend Strategy ETF (BTRN). 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	BTRN	Difference
Sharpe ratio: Return per unit of total volatility	—	-1.31	—
Sortino ratio: Return per unit of downside risk	—	-1.75	—
Omega ratio: Gain probability vs. loss probability	—	0.75	—
Calmar ratio: Return relative to maximum drawdown	—	-0.84	—
Martin ratio: Return relative to average drawdown	—	-1.25	—

Drawdowns

QSOL vs. BTRN - Drawdown Comparison

The maximum QSOL drawdown since its inception was -56.55%, which is greater than BTRN's maximum drawdown of -36.97%. Use the drawdown chart below to compare losses from any high point for QSOL and BTRN.

Drawdown Indicators

	QSOL	BTRN	Difference
Max Drawdown Largest peak-to-trough decline	-56.55%	-36.97%	-19.58%
Max Drawdown (1Y) Largest decline over 1 year	—	-25.73%	—
Current Drawdown Current decline from peak	-48.87%	-26.01%	-22.86%
Average Drawdown Average peak-to-trough decline	-36.59%	-15.21%	-21.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	17.27%	—

Volatility

Volatility by Period

	QSOL	BTRN	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.69%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.75%	—
Volatility (1Y) Calculated over the trailing 1-year period	68.97%	16.55%	+52.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	68.97%	29.89%	+39.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	68.97%	29.89%	+39.08%

QSOL vs. BTRN - Expense Ratio Comparison

QSOL has a 0.25% expense ratio, which is lower than BTRN's 0.95% expense ratio.

Dividends

QSOL vs. BTRN - Dividend Comparison

QSOL's dividend yield for the trailing twelve months is around 0.91%, less than BTRN's 31.25% yield.

Position	TTM	2025	2024
BTRN Global X Bitcoin Trend Strategy ETF	31.25%	27.76%	2.56%
QSOL Invesco Galaxy Solana ETF	0.91%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QSOL and BTRN in my portfolio?

QSOL and BTRN have a correlation of 0.51, 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 BTRN?

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 BTRN?

QSOL is cheaper with a 0.25% expense ratio, compared with 0.95% for BTRN.

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

BTRN has the higher dividend yield at 31.25%, compared with 0.91% for QSOL.

What is the main difference between QSOL and BTRN?

QSOL tracks Lukka Prime Solana Reference Rate - Benchmark Price Return, while BTRN tracks CoinDesk Bitcoin Trend Indicator Futures Index. They also come from different issuers: Invesco and Global X. Their fees differ too: 0.25% for QSOL and 0.95% for BTRN.