SOEZ vs. XRP

Last updated Apr 1, 2026

Compare and contrast key facts about Franklin Solana ETF (SOEZ) and Bitwise XRP ETF (XRP).

SOEZ and XRP 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. XRP is an actively managed fund by Bitwise. It was launched on Nov 19, 2025.

Performance

SOEZ vs. XRP - Performance Comparison

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

SOEZ vs. XRP - Yearly Performance Comparison

	2026 (YTD)	2025
SOEZ Franklin Solana ETF	-32.75%	-11.97%
XRP Bitwise XRP ETF	-26.75%	-16.82%

Returns By Period

In the year-to-date period, SOEZ achieves a -32.75% return, which is significantly lower than XRP's -26.75% return.

SOEZ

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

XRP

• 1D: 1.76%
• 1M: -0.86%
• YTD: -26.75%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SOEZ vs. XRP - Expense Ratio Comparison

SOEZ has a 0.19% expense ratio, which is lower than XRP's 0.34% expense ratio.

XRP

Bitwise XRP ETF

SOEZ

Franklin Solana ETF

Return for Risk

SOEZ vs. XRP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Solana ETF (SOEZ) and Bitwise XRP ETF (XRP). 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	XRP	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-1.04	-0.79	-0.25

Correlation

The correlation between SOEZ and XRP is 0.88, 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. XRP - Dividend Comparison

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

	TTM
SOEZ Franklin Solana ETF	0.09%
XRP Bitwise XRP ETF	0.00%

Drawdowns

SOEZ vs. XRP - Drawdown Comparison

The maximum SOEZ drawdown since its inception was -47.78%, roughly equal to the maximum XRP drawdown of -48.71%. Use the drawdown chart below to compare losses from any high point for SOEZ and XRP.

Drawdown Indicators

	SOEZ	XRP	Difference
Max Drawdown Largest peak-to-trough decline	-47.78%	-48.71%	+0.93%
Current Drawdown Current decline from peak	-43.49%	-42.08%	-1.41%
Average Drawdown Average peak-to-trough decline	-25.08%	-24.29%	-0.79%

Volatility

Volatility by Period

	SOEZ	XRP	Difference
Volatility (1Y) Calculated over the trailing 1-year period	78.32%	87.42%	-9.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	78.32%	87.42%	-9.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	78.32%	87.42%	-9.10%