SLNC.DE vs. ETHE
SLNC.DE (CoinShares FTX Physical Staked Solana EUR) and ETHE (Grayscale Ethereum Trust ETF) are both Cryptocurrency funds. SLNC.DE is actively managed, while ETHE is passively managed. Over the past 3 years, SLNC.DE returned 49.86%/yr vs 18.19%/yr for ETHE. A 0.54 correlation means they provide meaningful diversification when combined. SLNC.DE charges 0.00%/yr vs 2.50%/yr for ETHE.
Performance
SLNC.DE vs. ETHE - Performance Comparison
Loading charts...
Different Trading Currencies
SLNC.DE is traded in EUR, while ETHE is traded in USD. To make them comparable, the ETHE values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, SLNC.DE achieves a -42.42% return, which is significantly lower than ETHE's -39.82% return.
SLNC.DE
- 1D
- -5.24%
- 1M
- -17.72%
- YTD
- -42.42%
- 6M
- -50.30%
- 1Y
- -55.13%
- 3Y*
- 49.86%
- 5Y*
- —
- 10Y*
- —
ETHE
- 1D
- -1.58%
- 1M
- -24.73%
- YTD
- -39.82%
- 6M
- -43.62%
- 1Y
- -34.57%
- 3Y*
- 18.19%
- 5Y*
- -11.04%
- 10Y*
- —
SLNC.DE vs. ETHE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SLNC.DE CoinShares FTX Physical Staked Solana EUR | -42.42% | -40.96% | 94.71% | 1,027.77% | -89.44% |
ETHE Grayscale Ethereum Trust ETF | -39.82% | -23.35% | 53.65% | 296.16% | -79.83% |
Correlation
The correlation between SLNC.DE and ETHE is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Mar 24, 2022 | 0.54 |
The correlation between SLNC.DE and ETHE shifts across timeframes, from 0.54 (all time) to 0.70 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SLNC.DE vs. ETHE — Risk / Return Rank
SLNC.DE
ETHE
SLNC.DE vs. ETHE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CoinShares FTX Physical Staked Solana EUR (SLNC.DE) and Grayscale Ethereum Trust ETF (ETHE). 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.
| SLNC.DE | ETHE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.84 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 0.95 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | -0.55 | -0.23 |
| Martin ratioReturn relative to average drawdown | -1.25 | -0.91 | -0.34 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| SLNC.DE | ETHE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.85 | -0.51 | -0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.14 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.06 | 0.06 | -0.12 |
Drawdowns
SLNC.DE vs. ETHE - Drawdown Comparison
The maximum SLNC.DE drawdown since its inception was -92.51%, roughly equal to the maximum ETHE drawdown of -96.09%. Use the drawdown chart below to compare losses from any high point for SLNC.DE and ETHE.
Loading charts...
Drawdown Indicators
| SLNC.DE | ETHE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.51% | -96.09% | +3.58% |
Max Drawdown (1Y)Largest decline over 1 year | -70.93% | -63.35% | -7.58% |
Max Drawdown (3Y)Largest decline over 3 years | -75.00% | -66.38% | -8.62% |
Max Drawdown (5Y)Largest decline over 5 years | — | -89.06% | — |
Current DrawdownCurrent decline from peak | -75.00% | -77.94% | +2.94% |
Average DrawdownAverage peak-to-trough decline | -50.99% | -71.81% | +20.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 44.24% | 38.06% | +6.18% |
Volatility
SLNC.DE vs. ETHE - Volatility Comparison
CoinShares FTX Physical Staked Solana EUR (SLNC.DE) has a higher volatility of 14.87% compared to Grayscale Ethereum Trust ETF (ETHE) at 9.48%. This indicates that SLNC.DE's price experiences larger fluctuations and is considered to be riskier than ETHE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SLNC.DE | ETHE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.87% | 9.48% | +5.39% |
Volatility (6M)Calculated over the trailing 6-month period | 44.95% | 44.71% | +0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 65.09% | 67.47% | -2.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 92.13% | 81.36% | +10.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 92.13% | 190.58% | -98.45% |
SLNC.DE vs. ETHE - Expense Ratio Comparison
SLNC.DE has a 0.00% expense ratio, which is lower than ETHE's 2.50% expense ratio.
Dividends
SLNC.DE vs. ETHE - Dividend Comparison
SLNC.DE has not paid dividends to shareholders, while ETHE's dividend yield for the trailing twelve months is around 1.37%.
| Position | TTM |
|---|---|
ETHE Grayscale Ethereum Trust ETF | 1.37% |
SLNC.DE CoinShares FTX Physical Staked Solana EUR | 0.00% |
Frequently Asked Questions
SLNC.DE and ETHE have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SLNC.DE is cheaper at 0.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SLNC.DE is cheaper with a 0.00% expense ratio, compared with 2.50% for ETHE.
They also come from different issuers: CoinShares and Grayscale. Their fees differ too: 0.00% for SLNC.DE and 2.50% for ETHE.
Find the right allocation for SLNC.DE and ETHE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer