SOL-USD vs. IBIT
SOL-USD (Solana) is a cryptocurrency, while IBIT (iShares Bitcoin Trust ETF) is Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Over the past year, SOL-USD returned -53.76% vs -39.67% for IBIT. A 0.56 correlation means they provide meaningful diversification when combined.
Performance
SOL-USD vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, SOL-USD achieves a -44.76% return, which is significantly lower than IBIT's -27.41% return.
SOL-USD
- 1D
- 0.85%
- 1M
- -25.39%
- YTD
- -44.76%
- 6M
- -48.38%
- 1Y
- -53.76%
- 3Y*
- 68.07%
- 5Y*
- 12.17%
- 10Y*
- —
IBIT
- 1D
- -0.03%
- 1M
- -21.94%
- YTD
- -27.41%
- 6M
- -29.61%
- 1Y
- -39.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SOL-USD vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SOL-USD Solana | -44.76% | -34.09% | 85.10% |
IBIT iShares Bitcoin Trust ETF | -27.41% | -6.41% | 89.87% |
Correlation
The correlation between SOL-USD and IBIT is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.56 |
The correlation between SOL-USD and IBIT has been stable across timeframes, ranging from 0.56 to 0.61 - a consistent structural relationship.
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Return for Risk
SOL-USD vs. IBIT — Risk / Return Rank
SOL-USD
IBIT
SOL-USD vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Solana (SOL-USD) and iShares Bitcoin Trust ETF (IBIT). 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.
| SOL-USD | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.32 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 0.85 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.72 | -0.78 | +0.06 |
| Martin ratioReturn relative to average drawdown | -1.16 | -1.37 | +0.22 |
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Drawdowns
SOL-USD vs. IBIT - Drawdown Comparison
The maximum SOL-USD drawdown since its inception was -96.27%, which is greater than IBIT's maximum drawdown of -52.11%. Use the drawdown chart below to compare losses from any high point for SOL-USD and IBIT.
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Drawdown Indicators
| SOL-USD | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.27% | -52.11% | -44.16% |
Max Drawdown (1Y)Largest decline over 1 year | -74.89% | -52.11% | -22.78% |
Max Drawdown (3Y)Largest decline over 3 years | -76.28% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -96.27% | — | — |
Current DrawdownCurrent decline from peak | -73.76% | -49.45% | -24.31% |
Average DrawdownAverage peak-to-trough decline | -51.42% | -16.53% | -34.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 53.06% | 29.64% | +23.42% |
Volatility
SOL-USD vs. IBIT - Volatility Comparison
Solana (SOL-USD) has a higher volatility of 17.62% compared to iShares Bitcoin Trust ETF (IBIT) at 12.07%. This indicates that SOL-USD's price experiences larger fluctuations and is considered to be riskier than IBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SOL-USD | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.62% | 12.07% | +5.55% |
Volatility (6M)Calculated over the trailing 6-month period | 46.90% | 34.45% | +12.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 60.08% | 44.10% | +15.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.35% | 50.26% | +32.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 99.82% | 50.26% | +49.56% |
Frequently Asked Questions
SOL-USD and IBIT have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOL-USD has higher volatility (17.62%) compared to IBIT (12.07%). In terms of maximum drawdown, SOL-USD dropped -96.27% vs IBIT's -52.11%.
SOL-USD currently has the higher Sharpe Ratio (-0.74 vs -0.92), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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