SOLC vs. IBLC
SOLC (Canary Marinade Solana ETF) and IBLC (iShares Blockchain and Tech ETF) are both Cryptocurrency funds. SOLC is actively managed, while IBLC is passively managed. A 0.71 correlation means they provide meaningful diversification when combined. SOLC charges 0.50%/yr vs 0.47%/yr for IBLC.
Performance
SOLC vs. IBLC - Performance Comparison
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Returns By Period
In the year-to-date period, SOLC achieves a -45.30% return, which is significantly lower than IBLC's 21.51% return.
SOLC
- 1D
- -4.15%
- 1M
- -21.61%
- YTD
- -45.30%
- 6M
- -44.32%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBLC
- 1D
- -4.49%
- 1M
- -4.51%
- YTD
- 21.51%
- 6M
- 13.99%
- 1Y
- 46.13%
- 3Y*
- 43.02%
- 5Y*
- —
- 10Y*
- —
SOLC vs. IBLC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SOLC Canary Marinade Solana ETF | -45.30% | -9.47% |
IBLC iShares Blockchain and Tech ETF | 21.51% | -6.08% |
Correlation
The correlation between SOLC and IBLC is 0.71, 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 | 0.71 |
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Return for Risk
SOLC vs. IBLC — Risk / Return Rank
SOLC
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IBLC
SOLC vs. IBLC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Canary Marinade Solana ETF (SOLC) and iShares Blockchain and Tech ETF (IBLC). 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 | IBLC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.17 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.03 | — |
| Martin ratioReturn relative to average drawdown | — | 2.02 | — |
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Drawdowns
SOLC vs. IBLC - Drawdown Comparison
The maximum SOLC drawdown since its inception was -55.91%, smaller than the maximum IBLC drawdown of -62.54%. Use the drawdown chart below to compare losses from any high point for SOLC and IBLC.
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Drawdown Indicators
| SOLC | IBLC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.91% | -62.54% | +6.63% |
Max Drawdown (1Y)Largest decline over 1 year | — | -44.94% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -51.68% | — |
Current DrawdownCurrent decline from peak | -54.05% | -20.11% | -33.94% |
Average DrawdownAverage peak-to-trough decline | -30.95% | -25.75% | -5.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 22.92% | — |
Volatility
SOLC vs. IBLC - Volatility Comparison
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Volatility by Period
| SOLC | IBLC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 17.25% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 41.51% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 72.76% | 56.05% | +16.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 72.76% | 64.52% | +8.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.76% | 64.52% | +8.24% |
SOLC vs. IBLC - Expense Ratio Comparison
SOLC has a 0.50% expense ratio, which is higher than IBLC's 0.47% expense ratio.
Dividends
SOLC vs. IBLC - Dividend Comparison
SOLC has not paid dividends to shareholders, while IBLC's dividend yield for the trailing twelve months is around 5.15%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
IBLC iShares Blockchain and Tech ETF | 5.15% | 6.31% | 1.60% | 1.79% | 0.84% |
SOLC Canary Marinade Solana ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SOLC and IBLC have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBLC is cheaper at 0.47% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBLC is cheaper with a 0.47% expense ratio, compared with 0.50% for SOLC.
IBLC has the higher dividend yield at 5.15%, compared with 0.00% for SOLC.
They also come from different issuers: Canary and iShares. Their fees differ too: 0.50% for SOLC and 0.47% for IBLC.
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