SOEZ vs. ETHA

Last updated Apr 1, 2026

Compare and contrast key facts about Franklin Solana ETF (SOEZ) and iShares Ethereum Trust ETF (ETHA).

SOEZ and ETHA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SOEZ is an actively managed fund by Franklin. It was launched on Dec 3, 2025. ETHA is a passively managed fund by iShares that tracks the performance of the CME CF Ether-Dollar Reference Rate-New York Variant. It was launched on Jun 24, 2024.

Performance

SOEZ vs. ETHA - Performance Comparison

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

SOEZ vs. ETHA - Yearly Performance Comparison

	2026 (YTD)	2025
SOEZ Franklin Solana ETF	-32.75%	-11.97%
ETHA iShares Ethereum Trust ETF	-29.42%	-5.44%

Returns By Period

In the year-to-date period, SOEZ achieves a -32.75% return, which is significantly lower than ETHA's -29.42% return.

SOEZ

• 1D: 0.13%
• 1M: 1.51%
• YTD: -32.75%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ETHA

• 1D: 3.67%
• 1M: 9.02%
• YTD: -29.42%
• 6M: -49.76%
• 1Y: 14.54%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SOEZ vs. ETHA - Expense Ratio Comparison

SOEZ has a 0.19% expense ratio, which is lower than ETHA'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%.

ETHA

iShares Ethereum Trust ETF

SOEZ

Franklin Solana ETF

Return for Risk

SOEZ vs. ETHA — Risk / Return Rank

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

ETHA

ETHA Risk / Return Rank: 21
ETHA Sharpe Ratio Rank: 18
ETHA Sortino Ratio Rank: 31
ETHA Omega Ratio Rank: 26
ETHA Calmar Ratio Rank: 17
ETHA Martin Ratio Rank: 15

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. ETHA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Solana ETF (SOEZ) and iShares Ethereum Trust ETF (ETHA). 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.

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

Sharpe Ratios by Period

	SOEZ	ETHA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.19	—
Sharpe Ratio (All Time) Calculated using the full available price history	-1.04	-0.35	-0.69

Correlation

The correlation between SOEZ and ETHA is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

SOEZ vs. ETHA - Dividend Comparison

SOEZ's dividend yield for the trailing twelve months is around 0.09%, while ETHA has not paid dividends to shareholders.

	TTM
SOEZ Franklin Solana ETF	0.09%
ETHA iShares Ethereum Trust ETF	0.00%

Drawdowns

SOEZ vs. ETHA - Drawdown Comparison

The maximum SOEZ drawdown since its inception was -47.78%, smaller than the maximum ETHA drawdown of -64.02%. Use the drawdown chart below to compare losses from any high point for SOEZ and ETHA.

Drawdown Indicators

	SOEZ	ETHA	Difference
Max Drawdown Largest peak-to-trough decline	-47.78%	-64.02%	+16.24%
Max Drawdown (1Y) Largest decline over 1 year	—	-61.66%	—
Current Drawdown Current decline from peak	-43.49%	-56.74%	+13.25%
Average Drawdown Average peak-to-trough decline	-25.08%	-30.40%	+5.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	30.40%	—

Volatility

Volatility by Period

	SOEZ	ETHA	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	19.30%	—
Volatility (6M) Calculated over the trailing 6-month period	—	53.69%	—
Volatility (1Y) Calculated over the trailing 1-year period	78.32%	76.12%	+2.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	78.32%	75.10%	+3.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	78.32%	75.10%	+3.22%