SOLC vs. ETH
SOLC (Canary Marinade Solana ETF) and ETH (Grayscale Ethereum Staking Mini ETF) are both Cryptocurrency funds. Both are actively managed. Their correlation of 0.88 suggests significant overlap in exposure. SOLC charges 0.50%/yr vs 0.15%/yr for ETH.
Performance
SOLC vs. ETH - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with SOLC having a -40.57% return and ETH slightly higher at -38.95%.
SOLC
- 1D
- -4.59%
- 1M
- -14.43%
- YTD
- -40.57%
- 6M
- -47.69%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETH
- 1D
- -5.52%
- 1M
- -23.42%
- YTD
- -38.95%
- 6M
- -42.17%
- 1Y
- -30.84%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SOLC vs. ETH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SOLC Canary Marinade Solana ETF | -40.57% | -11.89% |
ETH Grayscale Ethereum Staking Mini ETF | -38.95% | -4.59% |
Correlation
The correlation between SOLC and ETH is 0.88, 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 | 0.88 |
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Return for Risk
SOLC vs. ETH — Risk / Return Rank
SOLC
ETH
SOLC vs. ETH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Canary Marinade Solana ETF (SOLC) and Grayscale Ethereum Staking Mini ETF (ETH). 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 | ETH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -0.45 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.99 | -0.41 | -0.58 |
Drawdowns
SOLC vs. ETH - Drawdown Comparison
The maximum SOLC drawdown since its inception was -50.08%, smaller than the maximum ETH drawdown of -64.01%. Use the drawdown chart below to compare losses from any high point for SOLC and ETH.
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Drawdown Indicators
| SOLC | ETH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.08% | -64.01% | +13.93% |
Max Drawdown (1Y)Largest decline over 1 year | — | -62.40% | — |
Current DrawdownCurrent decline from peak | -50.08% | -62.40% | +12.32% |
Average DrawdownAverage peak-to-trough decline | -28.95% | -32.58% | +3.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 37.50% | — |
Volatility
SOLC vs. ETH - Volatility Comparison
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Volatility by Period
| SOLC | ETH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 9.90% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 46.02% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 71.53% | 68.34% | +3.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.53% | 72.26% | -0.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.53% | 72.26% | -0.73% |
SOLC vs. ETH - Expense Ratio Comparison
SOLC has a 0.50% expense ratio, which is higher than ETH's 0.15% expense ratio.
Dividends
SOLC vs. ETH - Dividend Comparison
Neither SOLC nor ETH has paid dividends to shareholders.
Frequently Asked Questions
SOLC and ETH have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ETH is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ETH is cheaper with a 0.15% expense ratio, compared with 0.50% for SOLC.
SOLC and ETH have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Canary and Grayscale. Their fees differ too: 0.50% for SOLC and 0.15% for ETH.
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