SOLC vs. BITS
SOLC (Canary Marinade Solana ETF) and BITS (Global X Blockchain & Bitcoin Strategy ETF) are both Cryptocurrency funds. SOLC is actively managed, while BITS is passively managed. A 0.79 correlation means they provide meaningful diversification when combined. SOLC charges 0.50%/yr vs 0.65%/yr for BITS.
Performance
SOLC vs. BITS - Performance Comparison
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Returns By Period
In the year-to-date period, SOLC achieves a -36.96% return, which is significantly lower than BITS's -11.52% return.
SOLC
- 1D
- -1.70%
- 1M
- 3.25%
- 6M
- -44.76%
- YTD
- -36.96%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BITS
- 1D
- -3.95%
- 1M
- -14.00%
- 6M
- -24.25%
- YTD
- -11.52%
- 1Y
- -17.58%
- 3Y*
- 29.30%
- 5Y*
- —
- 10Y*
- —
SOLC vs. BITS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SOLC Canary Marinade Solana ETF | -36.96% | -9.47% |
BITS Global X Blockchain & Bitcoin Strategy ETF | -11.52% | -6.17% |
Correlation
The correlation between SOLC and BITS is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 18, 2025 | 0.79 |
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Return for Risk
SOLC vs. BITS — Risk / Return Rank
SOLC
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BITS
SOLC vs. BITS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Canary Marinade Solana ETF (SOLC) and Global X Blockchain & Bitcoin Strategy ETF (BITS). 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 | BITS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.98 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.36 | — |
| Martin ratioReturn relative to average drawdown | — | -0.62 | — |
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Drawdowns
SOLC vs. BITS - Drawdown Comparison
The maximum SOLC drawdown since its inception was -55.91%, smaller than the maximum BITS drawdown of -83.11%. Use the drawdown chart below to compare losses from any high point for SOLC and BITS.
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Drawdown Indicators
| SOLC | BITS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.91% | -83.11% | +27.20% |
Max Drawdown (1Y)Largest decline over 1 year | — | -48.38% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -48.38% | — |
Current DrawdownCurrent decline from peak | -47.05% | -41.75% | -5.30% |
Average DrawdownAverage peak-to-trough decline | -32.38% | -42.59% | +10.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 28.63% | — |
Volatility
SOLC vs. BITS - Volatility Comparison
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Volatility by Period
| SOLC | BITS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 10.83% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 40.48% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 72.10% | 53.29% | +18.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 72.10% | 60.64% | +11.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.10% | 60.64% | +11.46% |
SOLC vs. BITS - Expense Ratio Comparison
SOLC has a 0.50% expense ratio, which is lower than BITS's 0.65% expense ratio.
Dividends
SOLC vs. BITS - Dividend Comparison
SOLC has not paid dividends to shareholders, while BITS's dividend yield for the trailing twelve months is around 25.72%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BITS Global X Blockchain & Bitcoin Strategy ETF | 25.72% | 22.80% | 29.49% | 13.69% | 0.48% | 1.90% |
SOLC Canary Marinade Solana ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SOLC and BITS have a correlation of 0.79, 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 0.65% for BITS.
BITS has the higher dividend yield at 25.72%, compared with 0.00% for SOLC.
They also come from different issuers: Canary and Global X. Their fees differ too: 0.50% for SOLC and 0.65% for BITS.
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