SOEZ vs. BITS

Last updated Jun 25, 2026

SOEZ (Franklin Solana ETF) and BITS (Global X Blockchain & Bitcoin Strategy ETF) are both Cryptocurrency funds. SOEZ is actively managed, while BITS is passively managed. Their correlation of 0.83 suggests significant overlap in exposure. SOEZ charges 0.19%/yr vs 0.65%/yr for BITS.

Performance

SOEZ vs. BITS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Solana ETF (SOEZ) 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, SOEZ achieves a -45.57% return, which is significantly lower than BITS's -5.85% return.

SOEZ

• 1D: -4.36%
• 1M: -21.72%
• YTD: -45.57%
• 6M: -44.62%
• 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)

SOEZ vs. BITS - Yearly Performance Comparison

	2026 (YTD)	2025
SOEZ Franklin Solana ETF	-45.57%	-11.69%
BITS Global X Blockchain & Bitcoin Strategy ETF	-5.85%	-7.57%

Correlation

The correlation between SOEZ and BITS is 0.83, 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	0.83

Return for Risk

SOEZ vs. BITS — 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.

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.

SOEZ vs. BITS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Solana ETF (SOEZ) 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.

	SOEZ	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

SOEZ vs. BITS - Drawdown Comparison

The maximum SOEZ drawdown since its inception was -56.14%, smaller than the maximum BITS drawdown of -83.11%. Use the drawdown chart below to compare losses from any high point for SOEZ and BITS.

Drawdown Indicators

	SOEZ	BITS	Difference
Max Drawdown Largest peak-to-trough decline	-56.14%	-83.11%	+26.97%
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	-54.26%	-38.01%	-16.25%
Average Drawdown Average peak-to-trough decline	-32.76%	-42.62%	+9.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	26.93%	—

Volatility

Volatility by Period

	SOEZ	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	70.78%	53.44%	+17.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	70.78%	60.88%	+9.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	70.78%	60.88%	+9.90%

SOEZ vs. BITS - Expense Ratio Comparison

SOEZ has a 0.19% expense ratio, which is lower than BITS's 0.65% expense ratio.

Dividends

SOEZ vs. BITS - Dividend Comparison

SOEZ's dividend yield for the trailing twelve months is around 1.01%, 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%
SOEZ Franklin Solana ETF	1.01%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SOEZ and BITS in my portfolio?

SOEZ and BITS have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SOEZ or BITS?

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 BITS?

SOEZ is cheaper with a 0.19% expense ratio, compared with 0.65% for BITS.

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

BITS has the higher dividend yield at 24.21%, compared with 1.01% for SOEZ.

What is the main difference between SOEZ and BITS?

They also come from different issuers: Franklin and Global X. Their fees differ too: 0.19% for SOEZ and 0.65% for BITS.