SOLC vs. BITS

Last updated Jun 4, 2026

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. Their correlation of 0.80 suggests significant overlap in exposure. SOLC charges 0.50%/yr vs 0.65%/yr for BITS.

Performance

SOLC vs. BITS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Canary Marinade Solana ETF (SOLC) and Global X Blockchain & Bitcoin Strategy ETF (BITS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SOLC achieves a -40.57% return, which is significantly lower than BITS's 4.17% return.

SOLC

• 1D: -4.59%
• 1M: -14.43%
• YTD: -40.57%
• 6M: -47.69%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BITS

• 1D: -2.94%
• 1M: -1.76%
• YTD: 4.17%
• 6M: -6.53%
• 1Y: 19.33%
• 3Y*: 49.59%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SOLC vs. BITS - Yearly Performance Comparison

	2026 (YTD)	2025
SOLC Canary Marinade Solana ETF	-40.57%	-11.89%
BITS Global X Blockchain & Bitcoin Strategy ETF	4.17%	-7.81%

Correlation

The correlation between SOLC and BITS is 0.80, 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 Nov 19, 2025	0.80

Return for Risk

SOLC vs. BITS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BITS

BITS Risk / Return Rank: 15
BITS Sharpe Ratio Rank: 14
BITS Sortino Ratio Rank: 17
BITS Omega Ratio Rank: 16
BITS Calmar Ratio Rank: 14
BITS Martin Ratio Rank: 12

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	SOLC	BITS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.37	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.99	0.02	-1.01

Drawdowns

SOLC vs. BITS - Drawdown Comparison

The maximum SOLC drawdown since its inception was -50.08%, 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.

Drawdown Indicators

	SOLC	BITS	Difference
Max Drawdown Largest peak-to-trough decline	-50.08%	-83.11%	+33.03%
Max Drawdown (1Y) Largest decline over 1 year	—	-48.38%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-48.38%	—
Current Drawdown Current decline from peak	-50.08%	-31.42%	-18.66%
Average Drawdown Average peak-to-trough decline	-28.95%	-42.76%	+13.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	25.68%	—

Volatility

Volatility by Period

	SOLC	BITS	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	12.83%	—
Volatility (6M) Calculated over the trailing 6-month period	—	40.38%	—
Volatility (1Y) Calculated over the trailing 1-year period	71.53%	52.55%	+18.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	71.53%	60.91%	+10.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	71.53%	60.91%	+10.62%

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 21.88%.

Position	TTM	2025	2024	2023	2022	2021
BITS Global X Blockchain & Bitcoin Strategy ETF	21.88%	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

Can I hold both SOLC and BITS in my portfolio?

SOLC and BITS have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SOLC or BITS?

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.

Which ETF is cheaper, SOLC or BITS?

SOLC is cheaper with a 0.50% expense ratio, compared with 0.65% for BITS.

Which ETF pays a higher dividend yield, SOLC or BITS?

BITS has the higher dividend yield at 21.88%, compared with 0.00% for SOLC.

What is the main difference between SOLC and BITS?

They also come from different issuers: Canary and Global X. Their fees differ too: 0.50% for SOLC and 0.65% for BITS.