SOLA.TO vs. ETHX.TO
SOLA.TO (Evolve Solana ETF) and ETHX.TO (CI Galaxy Ethereum ETF CAD Hedged Series) are both Cryptocurrency funds. Both are actively managed. Their correlation of 0.83 suggests significant overlap in exposure.
Performance
SOLA.TO vs. ETHX.TO - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with SOLA.TO having a -37.77% return and ETHX.TO slightly higher at -36.29%.
SOLA.TO
- 1D
- 0.00%
- 1M
- 1.60%
- 6M
- -48.18%
- YTD
- -37.77%
- 1Y
- -52.10%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETHX.TO
- 1D
- 2.37%
- 1M
- 6.01%
- 6M
- -43.93%
- YTD
- -36.29%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SOLA.TO vs. ETHX.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SOLA.TO Evolve Solana ETF | -37.77% | -37.94% |
ETHX.TO CI Galaxy Ethereum ETF CAD Hedged Series | -36.29% | -36.36% |
Correlation
The correlation between SOLA.TO and ETHX.TO is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 27, 2025 | 0.83 |
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Return for Risk
SOLA.TO vs. ETHX.TO — Risk / Return Rank
SOLA.TO
ETHX.TO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SOLA.TO vs. ETHX.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Evolve Solana ETF (SOLA.TO) and CI Galaxy Ethereum ETF CAD Hedged Series (ETHX.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 | ETHX.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.90 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.70 | — | — |
| Martin ratioReturn relative to average drawdown | -1.02 | — | — |
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Drawdowns
SOLA.TO vs. ETHX.TO - Drawdown Comparison
The maximum SOLA.TO drawdown since its inception was -74.77%, which is greater than ETHX.TO's maximum drawdown of -67.53%. Use the drawdown chart below to compare losses from any high point for SOLA.TO and ETHX.TO.
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Drawdown Indicators
| SOLA.TO | ETHX.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.77% | -67.53% | -7.24% |
Max Drawdown (1Y)Largest decline over 1 year | -74.77% | — | — |
Current DrawdownCurrent decline from peak | -69.27% | -60.00% | -9.27% |
Average DrawdownAverage peak-to-trough decline | -38.22% | -41.16% | +2.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 51.04% | — | — |
Volatility
SOLA.TO vs. ETHX.TO - Volatility Comparison
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Volatility by Period
| SOLA.TO | ETHX.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.39% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 52.36% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 74.24% | 69.00% | +5.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 72.52% | 69.00% | +3.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.52% | 69.00% | +3.52% |
Dividends
SOLA.TO vs. ETHX.TO - Dividend Comparison
Neither SOLA.TO nor ETHX.TO has paid dividends to shareholders.
Frequently Asked Questions
SOLA.TO and ETHX.TO have a correlation of 0.83, 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 CI Global Asset Management.
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