SLNC.DE vs. FBTC
SLNC.DE (CoinShares FTX Physical Staked Solana EUR) and FBTC (Fidelity Wise Origin Bitcoin Fund) are both Cryptocurrency funds. SLNC.DE is actively managed, while FBTC is passively managed. Over the past year, SLNC.DE returned -53.19% vs -41.42% for FBTC. A 0.61 correlation means they provide meaningful diversification when combined. SLNC.DE charges 0.00%/yr vs 0.25%/yr for FBTC.
Performance
SLNC.DE vs. FBTC - Performance Comparison
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Different Trading Currencies
SLNC.DE is traded in EUR, while FBTC is traded in USD. To make them comparable, the FBTC 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 FBTC's -29.83% return.
SLNC.DE
- 1D
- -5.24%
- 1M
- -20.26%
- YTD
- -42.42%
- 6M
- -46.70%
- 1Y
- -53.19%
- 3Y*
- 49.86%
- 5Y*
- —
- 10Y*
- —
FBTC
- 1D
- -4.32%
- 1M
- -24.57%
- YTD
- -29.83%
- 6M
- -31.93%
- 1Y
- -41.42%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SLNC.DE vs. FBTC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SLNC.DE CoinShares FTX Physical Staked Solana EUR | -42.42% | -40.96% | 109.09% |
FBTC Fidelity Wise Origin Bitcoin Fund | -29.83% | -17.65% | 111.50% |
Correlation
The correlation between SLNC.DE and FBTC is 0.73, 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 | 0.74 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024 | 0.61 |
The correlation between SLNC.DE and FBTC shifts across timeframes, from 0.61 (all time) to 0.73 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SLNC.DE vs. FBTC — Risk / Return Rank
SLNC.DE
FBTC
SLNC.DE vs. FBTC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CoinShares FTX Physical Staked Solana EUR (SLNC.DE) and Fidelity Wise Origin Bitcoin Fund (FBTC). 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 | FBTC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 0.85 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | -0.81 | +0.04 |
| Martin ratioReturn relative to average drawdown | -1.25 | -1.45 | +0.20 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SLNC.DE | FBTC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.85 | -0.96 | +0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.06 | 0.18 | -0.23 |
Drawdowns
SLNC.DE vs. FBTC - Drawdown Comparison
The maximum SLNC.DE drawdown since its inception was -92.51%, which is greater than FBTC's maximum drawdown of -51.26%. Use the drawdown chart below to compare losses from any high point for SLNC.DE and FBTC.
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Drawdown Indicators
| SLNC.DE | FBTC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.51% | -51.26% | -41.25% |
Max Drawdown (1Y)Largest decline over 1 year | -70.93% | -51.26% | -19.67% |
Max Drawdown (3Y)Largest decline over 3 years | -75.00% | — | — |
Current DrawdownCurrent decline from peak | -75.00% | -51.26% | -23.74% |
Average DrawdownAverage peak-to-trough decline | -50.99% | -16.55% | -34.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 44.24% | 28.63% | +15.61% |
Volatility
SLNC.DE vs. FBTC - Volatility Comparison
CoinShares FTX Physical Staked Solana EUR (SLNC.DE) has a higher volatility of 14.87% compared to Fidelity Wise Origin Bitcoin Fund (FBTC) at 9.58%. This indicates that SLNC.DE's price experiences larger fluctuations and is considered to be riskier than FBTC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SLNC.DE | FBTC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.87% | 9.58% | +5.29% |
Volatility (6M)Calculated over the trailing 6-month period | 44.95% | 33.89% | +11.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 65.09% | 43.50% | +21.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 92.13% | 50.15% | +41.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 92.13% | 50.15% | +41.98% |
SLNC.DE vs. FBTC - Expense Ratio Comparison
SLNC.DE has a 0.00% expense ratio, which is lower than FBTC's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SLNC.DE vs. FBTC - Dividend Comparison
Neither SLNC.DE nor FBTC has paid dividends to shareholders.
Frequently Asked Questions
SLNC.DE and FBTC have a correlation of 0.73, 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 0.25% for FBTC.
They also come from different issuers: CoinShares and Fidelity. Their fees differ too: 0.00% for SLNC.DE and 0.25% for FBTC.
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