SOEZ vs. BITO

Last updated Jun 24, 2026

SOEZ (Franklin Solana ETF) and BITO (ProShares Bitcoin Strategy ETF) are both Cryptocurrency funds. Both are actively managed. Their correlation of 0.90 suggests significant overlap in exposure. SOEZ charges 0.19%/yr vs 0.95%/yr for BITO.

Performance

SOEZ vs. BITO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Solana ETF (SOEZ) and ProShares Bitcoin Strategy ETF (BITO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SOEZ achieves a -43.08% return, which is significantly lower than BITO's -29.93% return.

SOEZ

• 1D: -5.25%
• 1M: -18.15%
• YTD: -43.08%
• 6M: -43.22%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BITO

• 1D: -3.31%
• 1M: -18.05%
• YTD: -29.93%
• 6M: -30.03%
• 1Y: -42.09%
• 3Y*: 18.00%
• 5Y*: —
• 10Y*: —

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

SOEZ vs. BITO - Yearly Performance Comparison

	2026 (YTD)	2025
SOEZ Franklin Solana ETF	-43.08%	-11.69%
BITO ProShares Bitcoin Strategy ETF	-29.93%	-4.14%

Correlation

The correlation between SOEZ and BITO is 0.90, 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 3, 2025	0.90

Return for Risk

SOEZ vs. BITO — Risk / Return Rank

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

SOEZ

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

BITO

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

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.

SOEZ vs. BITO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Solana ETF (SOEZ) and ProShares Bitcoin Strategy ETF (BITO). 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.

	SOEZ	BITO	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.96	—
Sortino ratio: Return per unit of downside risk	—	-1.38	—
Omega ratio: Gain probability vs. loss probability	—	0.85	—
Calmar ratio: Return relative to maximum drawdown	—	-0.80	—
Martin ratio: Return relative to average drawdown	—	-1.35	—

Drawdowns

SOEZ vs. BITO - Drawdown Comparison

The maximum SOEZ drawdown since its inception was -56.14%, smaller than the maximum BITO drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for SOEZ and BITO.

Drawdown Indicators

	SOEZ	BITO	Difference
Max Drawdown Largest peak-to-trough decline	-56.14%	-77.86%	+21.72%
Max Drawdown (1Y) Largest decline over 1 year	—	-53.10%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-53.10%	—
Current Drawdown Current decline from peak	-52.17%	-51.67%	-0.50%
Average Drawdown Average peak-to-trough decline	-32.60%	-36.86%	+4.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	31.28%	—

Volatility

Volatility by Period

	SOEZ	BITO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	12.79%	—
Volatility (6M) Calculated over the trailing 6-month period	—	34.39%	—
Volatility (1Y) Calculated over the trailing 1-year period	70.83%	44.08%	+26.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	70.83%	55.02%	+15.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	70.83%	55.02%	+15.81%

SOEZ vs. BITO - Expense Ratio Comparison

SOEZ has a 0.19% expense ratio, which is lower than BITO's 0.95% expense ratio.

Dividends

SOEZ vs. BITO - Dividend Comparison

SOEZ's dividend yield for the trailing twelve months is around 0.96%, less than BITO's 71.07% yield.

Position	TTM	2025	2024	2023
BITO ProShares Bitcoin Strategy ETF	71.07%	78.29%	61.59%	15.14%
SOEZ Franklin Solana ETF	0.96%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SOEZ and BITO in my portfolio?

With a correlation of 0.90, SOEZ and BITO move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, SOEZ or BITO?

On fees, SOEZ is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SOEZ or BITO?

SOEZ is cheaper with a 0.19% expense ratio, compared with 0.95% for BITO.

Which ETF pays a higher dividend yield, SOEZ or BITO?

BITO has the higher dividend yield at 71.07%, compared with 0.96% for SOEZ.

What is the main difference between SOEZ and BITO?

They also come from different issuers: Franklin and ProShares. Their fees differ too: 0.19% for SOEZ and 0.95% for BITO.