SOEZ vs. MSBT

Last updated Jun 5, 2026

SOEZ (Franklin Solana ETF) and MSBT (Morgan Stanley Bitcoin Trust) are both Cryptocurrency funds. SOEZ is actively managed, while MSBT is passively managed. A 0.80 correlation means they provide meaningful diversification when combined. SOEZ charges 0.19%/yr vs 0.14%/yr for MSBT.

Performance

SOEZ vs. MSBT - Performance Comparison

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

Returns By Period

SOEZ

• 1D: -3.99%
• 1M: -20.02%
• YTD: -43.12%
• 6M: -49.50%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MSBT

• 1D: -2.77%
• 1M: -22.16%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SOEZ vs. MSBT - Yearly Performance Comparison

	2026 (YTD)
SOEZ Franklin Solana ETF	-16.18%
MSBT Morgan Stanley Bitcoin Trust	-10.94%

Correlation

The correlation between SOEZ and MSBT is 0.80, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 9, 2026	0.80

Return for Risk

SOEZ vs. MSBT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Solana ETF (SOEZ) and Morgan Stanley Bitcoin Trust (MSBT). 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	MSBT	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-1.10	-1.58	+0.49

Drawdowns

SOEZ vs. MSBT - Drawdown Comparison

The maximum SOEZ drawdown since its inception was -52.20%, which is greater than MSBT's maximum drawdown of -22.46%. Use the drawdown chart below to compare losses from any high point for SOEZ and MSBT.

Drawdown Indicators

	SOEZ	MSBT	Difference
Max Drawdown Largest peak-to-trough decline	-52.20%	-22.46%	-29.74%
Current Drawdown Current decline from peak	-52.20%	-22.46%	-29.74%
Average Drawdown Average peak-to-trough decline	-30.97%	-4.38%	-26.59%

Volatility

Volatility by Period

	SOEZ	MSBT	Difference
Volatility (1Y) Calculated over the trailing 1-year period	68.82%	33.13%	+35.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	68.82%	33.13%	+35.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	68.82%	33.13%	+35.69%

SOEZ vs. MSBT - Expense Ratio Comparison

SOEZ has a 0.19% expense ratio, which is higher than MSBT's 0.14% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

SOEZ vs. MSBT - Dividend Comparison

SOEZ's dividend yield for the trailing twelve months is around 0.59%, while MSBT has not paid dividends to shareholders.

Position	TTM
MSBT Morgan Stanley Bitcoin Trust	0.00%
SOEZ Franklin Solana ETF	0.59%

Frequently Asked Questions

Can I hold both SOEZ and MSBT in my portfolio?

SOEZ and MSBT have a correlation of 0.80, 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 MSBT?

On fees, MSBT is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SOEZ or MSBT?

MSBT is cheaper with a 0.14% expense ratio, compared with 0.19% for SOEZ.

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

SOEZ has the higher dividend yield at 0.59%, compared with 0.00% for MSBT.

What is the main difference between SOEZ and MSBT?

They also come from different issuers: Franklin and Morgan Stanley. Their fees differ too: 0.19% for SOEZ and 0.14% for MSBT.