SOLC vs. BITC
SOLC (Canary Marinade Solana ETF) and BITC (Bitwise Bitcoin Strategy Optimum Roll ETF) are both Cryptocurrency funds. Both are actively managed. At a 0.47 correlation, their price movements are largely independent. SOLC charges 0.50%/yr vs 0.88%/yr for BITC.
Performance
SOLC vs. BITC - Performance Comparison
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Returns By Period
In the year-to-date period, SOLC achieves a -40.57% return, which is significantly lower than BITC's 6.98% return.
SOLC
- 1D
- -4.59%
- 1M
- -14.43%
- YTD
- -40.57%
- 6M
- -47.69%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BITC
- 1D
- -0.00%
- 1M
- -4.31%
- YTD
- 6.98%
- 6M
- -1.22%
- 1Y
- -15.09%
- 3Y*
- 36.02%
- 5Y*
- —
- 10Y*
- —
SOLC vs. BITC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SOLC Canary Marinade Solana ETF | -40.57% | -11.89% |
BITC Bitwise Bitcoin Strategy Optimum Roll ETF | 6.98% | -7.40% |
Correlation
The correlation between SOLC and BITC is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 19, 2025 | 0.47 |
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Return for Risk
SOLC vs. BITC — Risk / Return Rank
SOLC
BITC
SOLC vs. BITC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Canary Marinade Solana ETF (SOLC) and Bitwise Bitcoin Strategy Optimum Roll ETF (BITC). 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.
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Sharpe Ratios by Period
| SOLC | BITC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -0.59 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.99 | 0.68 | -1.66 |
Drawdowns
SOLC vs. BITC - Drawdown Comparison
The maximum SOLC drawdown since its inception was -50.08%, which is greater than BITC's maximum drawdown of -38.51%. Use the drawdown chart below to compare losses from any high point for SOLC and BITC.
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Drawdown Indicators
| SOLC | BITC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.08% | -38.51% | -11.57% |
Max Drawdown (1Y)Largest decline over 1 year | — | -26.51% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -38.51% | — |
Current DrawdownCurrent decline from peak | -50.08% | -26.48% | -23.60% |
Average DrawdownAverage peak-to-trough decline | -28.95% | -16.37% | -12.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 18.37% | — |
Volatility
SOLC vs. BITC - Volatility Comparison
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Volatility by Period
| SOLC | BITC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 6.39% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 19.98% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 71.53% | 25.54% | +45.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.53% | 46.65% | +24.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.53% | 46.65% | +24.88% |
SOLC vs. BITC - Expense Ratio Comparison
SOLC has a 0.50% expense ratio, which is lower than BITC's 0.88% expense ratio.
Dividends
SOLC vs. BITC - Dividend Comparison
SOLC has not paid dividends to shareholders, while BITC's dividend yield for the trailing twelve months is around 3.14%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BITC Bitwise Bitcoin Strategy Optimum Roll ETF | 3.14% | 3.36% | 42.68% | 5.82% |
SOLC Canary Marinade Solana ETF | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SOLC and BITC have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SOLC is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SOLC is cheaper with a 0.50% expense ratio, compared with 0.88% for BITC.
BITC has the higher dividend yield at 3.14%, compared with 0.00% for SOLC.
They also come from different issuers: Canary and Bitwise. Their fees differ too: 0.50% for SOLC and 0.88% for BITC.
Find the right allocation for SOLC and BITC
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