SOLC vs. WGMI

Last updated Jun 4, 2026

SOLC (Canary Marinade Solana ETF) and WGMI (Valkyrie Bitcoin Miners ETF) are both Cryptocurrency funds. Both are actively managed. A 0.55 correlation means they provide meaningful diversification when combined. SOLC charges 0.50%/yr vs 0.75%/yr for WGMI.

Performance

SOLC vs. WGMI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Canary Marinade Solana ETF (SOLC) and Valkyrie Bitcoin Miners ETF (WGMI). 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 WGMI's 84.78% return.

SOLC

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

WGMI

• 1D: -1.11%
• 1M: 40.03%
• YTD: 84.78%
• 6M: 55.52%
• 1Y: 294.61%
• 3Y*: 86.17%
• 5Y*: —
• 10Y*: —

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

SOLC vs. WGMI - Yearly Performance Comparison

	2026 (YTD)	2025
SOLC Canary Marinade Solana ETF	-40.57%	-11.89%
WGMI Valkyrie Bitcoin Miners ETF	84.78%	-8.51%

Correlation

The correlation between SOLC and WGMI is 0.55, 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 19, 2025	0.55

Return for Risk

SOLC vs. WGMI — Risk / Return Rank

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

WGMI

WGMI Risk / Return Rank: 79
WGMI Sharpe Ratio Rank: 95
WGMI Sortino Ratio Rank: 76
WGMI Omega Ratio Rank: 69
WGMI Calmar Ratio Rank: 91
WGMI Martin Ratio Rank: 64

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. WGMI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Canary Marinade Solana ETF (SOLC) and Valkyrie Bitcoin Miners ETF (WGMI). 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	WGMI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.91	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.99	0.31	-1.30

Drawdowns

SOLC vs. WGMI - Drawdown Comparison

The maximum SOLC drawdown since its inception was -50.08%, smaller than the maximum WGMI drawdown of -85.76%. Use the drawdown chart below to compare losses from any high point for SOLC and WGMI.

Drawdown Indicators

	SOLC	WGMI	Difference
Max Drawdown Largest peak-to-trough decline	-50.08%	-85.76%	+35.68%
Max Drawdown (1Y) Largest decline over 1 year	—	-50.94%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-62.79%	—
Current Drawdown Current decline from peak	-50.08%	-1.11%	-48.97%
Average Drawdown Average peak-to-trough decline	-28.95%	-42.90%	+13.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	25.08%	—

Volatility

Volatility by Period

	SOLC	WGMI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	20.10%	—
Volatility (6M) Calculated over the trailing 6-month period	—	55.64%	—
Volatility (1Y) Calculated over the trailing 1-year period	71.53%	76.03%	-4.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	71.53%	81.53%	-10.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	71.53%	81.53%	-10.00%

SOLC vs. WGMI - Expense Ratio Comparison

SOLC has a 0.50% expense ratio, which is lower than WGMI's 0.75% expense ratio.

Dividends

SOLC vs. WGMI - Dividend Comparison

Neither SOLC nor WGMI has paid dividends to shareholders.

Position	TTM	2025	2024	2023
SOLC Canary Marinade Solana ETF	0.00%	0.00%	0.00%	0.00%
WGMI Valkyrie Bitcoin Miners ETF	0.00%	0.00%	0.22%	0.31%

Frequently Asked Questions

Can I hold both SOLC and WGMI in my portfolio?

SOLC and WGMI have a correlation of 0.55, 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 WGMI?

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 WGMI?

SOLC is cheaper with a 0.50% expense ratio, compared with 0.75% for WGMI.

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

SOLC and WGMI have nearly identical dividend yields, around 0.00%.

What is the main difference between SOLC and WGMI?

They also come from different issuers: Canary and Valkyrie. Their fees differ too: 0.50% for SOLC and 0.75% for WGMI.