SOLC vs. BITI
SOLC (Canary Marinade Solana ETF) and BITI (ProShares Shrt Bitcoin ETF) are both Cryptocurrency funds. SOLC is actively managed, while BITI is passively managed. At a correlation of -0.90, they often move in opposite directions. SOLC charges 0.50%/yr vs 1.03%/yr for BITI.
Performance
SOLC vs. BITI - Performance Comparison
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Returns By Period
In the year-to-date period, SOLC achieves a -45.33% return, which is significantly lower than BITI's 35.56% return.
SOLC
- 1D
- -0.06%
- 1M
- -20.83%
- YTD
- -45.33%
- 6M
- -44.36%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BITI
- 1D
- 0.95%
- 1M
- 26.19%
- YTD
- 35.56%
- 6M
- 35.27%
- 1Y
- 61.73%
- 3Y*
- -29.28%
- 5Y*
- —
- 10Y*
- —
SOLC vs. BITI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SOLC Canary Marinade Solana ETF | -45.33% | -9.47% |
BITI ProShares Shrt Bitcoin ETF | 35.56% | 3.44% |
Correlation
The correlation between SOLC and BITI is -0.90, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 18, 2025 | -0.90 |
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Return for Risk
SOLC vs. BITI — Risk / Return Rank
SOLC
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BITI
SOLC vs. BITI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Canary Marinade Solana ETF (SOLC) and ProShares Shrt Bitcoin ETF (BITI). 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.
| SOLC | BITI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.24 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.45 | — |
| Martin ratioReturn relative to average drawdown | — | 5.65 | — |
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Drawdowns
SOLC vs. BITI - Drawdown Comparison
The maximum SOLC drawdown since its inception was -55.91%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for SOLC and BITI.
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Drawdown Indicators
| SOLC | BITI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.91% | -92.16% | +36.25% |
Max Drawdown (1Y)Largest decline over 1 year | — | -25.28% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -84.63% | — |
Current DrawdownCurrent decline from peak | -54.08% | -85.20% | +31.12% |
Average DrawdownAverage peak-to-trough decline | -31.11% | -68.15% | +37.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 10.95% | — |
Volatility
SOLC vs. BITI - Volatility Comparison
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Volatility by Period
| SOLC | BITI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 13.13% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 34.09% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 72.52% | 44.16% | +28.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 72.52% | 52.45% | +20.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.52% | 52.45% | +20.07% |
SOLC vs. BITI - Expense Ratio Comparison
SOLC has a 0.50% expense ratio, which is lower than BITI's 1.03% expense ratio.
Dividends
SOLC vs. BITI - Dividend Comparison
SOLC has not paid dividends to shareholders, while BITI's dividend yield for the trailing twelve months is around 8.71%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BITI ProShares Shrt Bitcoin ETF | 8.71% | 1.60% | 3.91% | 3.33% | 0.06% |
SOLC Canary Marinade Solana ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SOLC and BITI have a correlation of -0.90, 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 1.03% for BITI.
BITI has the higher dividend yield at 8.71%, compared with 0.00% for SOLC.
They also come from different issuers: Canary and ProShares. Their fees differ too: 0.50% for SOLC and 1.03% for BITI.
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