SOLA.TO vs. BTCC-U.TO
SOLA.TO (Evolve Solana ETF) and BTCC-U.TO (Purpose Bitcoin ETF Non-Currency Hedged Units) are both Cryptocurrency funds. Both are actively managed. Over the past year, SOLA.TO returned -52.10% vs -43.76% for BTCC-U.TO. Their correlation of 0.84 suggests significant overlap in exposure.
Performance
SOLA.TO vs. BTCC-U.TO - Performance Comparison
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Different Trading Currencies
SOLA.TO is traded in CAD, while BTCC-U.TO is traded in USD. To make them comparable, the BTCC-U.TO values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, SOLA.TO achieves a -37.77% return, which is significantly lower than BTCC-U.TO's -24.05% return.
SOLA.TO
- 1D
- 0.00%
- 1M
- 1.60%
- 6M
- -48.18%
- YTD
- -37.77%
- 1Y
- -52.10%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BTCC-U.TO
- 1D
- 0.36%
- 1M
- -1.68%
- 6M
- -32.97%
- YTD
- -24.05%
- 1Y
- -43.76%
- 3Y*
- 30.46%
- 5Y*
- 16.23%
- 10Y*
- —
SOLA.TO vs. BTCC-U.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SOLA.TO Evolve Solana ETF | -37.77% | -5.66% |
BTCC-U.TO Purpose Bitcoin ETF Non-Currency Hedged Units | -24.05% | 1.33% |
Correlation
The correlation between SOLA.TO and BTCC-U.TO is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2025 | 0.84 |
The correlation between SOLA.TO and BTCC-U.TO has been stable across timeframes, ranging from 0.84 to 0.86 - a consistent structural relationship.
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Return for Risk
SOLA.TO vs. BTCC-U.TO — Risk / Return Rank
SOLA.TO
BTCC-U.TO
SOLA.TO vs. BTCC-U.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Evolve Solana ETF (SOLA.TO) and Purpose Bitcoin ETF Non-Currency Hedged Units (BTCC-U.TO). 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.
| SOLA.TO | BTCC-U.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.55 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 0.84 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.70 | -0.83 | +0.13 |
| Martin ratioReturn relative to average drawdown | -1.02 | -1.30 | +0.27 |
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Drawdowns
SOLA.TO vs. BTCC-U.TO - Drawdown Comparison
The maximum SOLA.TO drawdown since its inception was -74.77%, roughly equal to the maximum BTCC-U.TO drawdown of -75.18%. Use the drawdown chart below to compare losses from any high point for SOLA.TO and BTCC-U.TO.
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Drawdown Indicators
| SOLA.TO | BTCC-U.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.77% | -75.18% | +0.41% |
Max Drawdown (1Y)Largest decline over 1 year | -74.77% | -52.69% | -22.08% |
Max Drawdown (3Y)Largest decline over 3 years | — | -52.69% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -75.18% | — |
Current DrawdownCurrent decline from peak | -69.27% | -48.29% | -20.98% |
Average DrawdownAverage peak-to-trough decline | -38.22% | -33.19% | -5.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 51.04% | 33.76% | +17.28% |
Volatility
SOLA.TO vs. BTCC-U.TO - Volatility Comparison
Evolve Solana ETF (SOLA.TO) has a higher volatility of 20.39% compared to Purpose Bitcoin ETF Non-Currency Hedged Units (BTCC-U.TO) at 10.31%. This indicates that SOLA.TO's price experiences larger fluctuations and is considered to be riskier than BTCC-U.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SOLA.TO | BTCC-U.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.39% | 10.31% | +10.08% |
Volatility (6M)Calculated over the trailing 6-month period | 52.36% | 34.70% | +17.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 74.24% | 44.63% | +29.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 72.52% | 54.88% | +17.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.52% | 56.56% | +15.96% |
Dividends
SOLA.TO vs. BTCC-U.TO - Dividend Comparison
Neither SOLA.TO nor BTCC-U.TO has paid dividends to shareholders.
Frequently Asked Questions
SOLA.TO and BTCC-U.TO have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: Evolve and Purpose Investments.
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