SOLL.TO vs. BTCX-B.TO

Last updated Jun 5, 2026

SOLL.TO (Purpose Solana ETF Currency Hedged Units) and BTCX-B.TO (CI Galaxy Bitcoin ETF C$ Unhedged Series Units) are both Cryptocurrency funds. Over the past year, SOLL.TO returned -56.74% vs -38.95% for BTCX-B.TO. Their correlation of 0.85 suggests significant overlap in exposure. SOLL.TO charges 1.00%/yr vs 0.80%/yr for BTCX-B.TO.

Performance

SOLL.TO vs. BTCX-B.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Purpose Solana ETF Currency Hedged Units (SOLL.TO) and CI Galaxy Bitcoin ETF C$ Unhedged Series Units (BTCX-B.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SOLL.TO achieves a -44.92% return, which is significantly lower than BTCX-B.TO's -26.67% return.

SOLL.TO

• 1D: -4.36%
• 1M: -20.42%
• YTD: -44.92%
• 6M: -51.48%
• 1Y: -56.74%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BTCX-B.TO

• 1D: -2.50%
• 1M: -20.65%
• YTD: -26.67%
• 6M: -31.83%
• 1Y: -38.95%
• 3Y*: 35.97%
• 5Y*: 13.71%
• 10Y*: —

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

SOLL.TO vs. BTCX-B.TO - Yearly Performance Comparison

	2026 (YTD)	2025
SOLL.TO Purpose Solana ETF Currency Hedged Units	-44.92%	-7.64%
BTCX-B.TO CI Galaxy Bitcoin ETF C$ Unhedged Series Units	-26.67%	2.09%

Correlation

The correlation between SOLL.TO and BTCX-B.TO is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.86
Correlation (All Time) Calculated using the full available price history since Apr 17, 2025	0.85

The correlation between SOLL.TO and BTCX-B.TO has been stable across timeframes, ranging from 0.85 to 0.86 - a consistent structural relationship.

Return for Risk

SOLL.TO vs. BTCX-B.TO — Risk / Return Rank

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

SOLL.TO

SOLL.TO Risk / Return Rank: 3
SOLL.TO Sharpe Ratio Rank: 3
SOLL.TO Sortino Ratio Rank: 3
SOLL.TO Omega Ratio Rank: 3
SOLL.TO Calmar Ratio Rank: 2
SOLL.TO Martin Ratio Rank: 3

BTCX-B.TO

BTCX-B.TO Risk / Return Rank: 2
BTCX-B.TO Sharpe Ratio Rank: 2
BTCX-B.TO Sortino Ratio Rank: 2
BTCX-B.TO Omega Ratio Rank: 2
BTCX-B.TO Calmar Ratio Rank: 2
BTCX-B.TO Martin Ratio Rank: 2

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.

SOLL.TO vs. BTCX-B.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Purpose Solana ETF Currency Hedged Units (SOLL.TO) and CI Galaxy Bitcoin ETF C$ Unhedged Series Units (BTCX-B.TO). 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.

	SOLL.TO	BTCX-B.TO	Difference
Sharpe ratio: Return per unit of total volatility	-0.78	-0.91	+0.13
Sortino ratio: Return per unit of downside risk	-1.11	-1.27	+0.16
Omega ratio: Gain probability vs. loss probability	0.88	0.86	+0.02
Calmar ratio: Return relative to maximum drawdown	-0.78	-0.78	-0.01
Martin ratio: Return relative to average drawdown	-1.25	-1.33	+0.08
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SOLL.TO vs. BTCX-B.TO - Sharpe Ratio Comparison

The current SOLL.TO Sharpe Ratio is -0.78, which is comparable to the BTCX-B.TO Sharpe Ratio of -0.91. The chart below compares the historical Sharpe Ratios of SOLL.TO and BTCX-B.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SOLL.TO	BTCX-B.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.78	-0.91	+0.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.25	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.64	0.07	-0.71

Drawdowns

SOLL.TO vs. BTCX-B.TO - Drawdown Comparison

The maximum SOLL.TO drawdown since its inception was -72.76%, roughly equal to the maximum BTCX-B.TO drawdown of -75.26%. Use the drawdown chart below to compare losses from any high point for SOLL.TO and BTCX-B.TO.

Drawdown Indicators

	SOLL.TO	BTCX-B.TO	Difference
Max Drawdown Largest peak-to-trough decline	-72.76%	-75.26%	+2.50%
Max Drawdown (1Y) Largest decline over 1 year	-72.76%	-50.41%	-22.35%
Max Drawdown (3Y) Largest decline over 3 years	—	-50.41%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-75.26%	—
Current Drawdown Current decline from peak	-72.76%	-49.79%	-22.97%
Average Drawdown Average peak-to-trough decline	-34.73%	-32.96%	-1.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	45.42%	29.25%	+16.17%

Volatility

SOLL.TO vs. BTCX-B.TO - Volatility Comparison

Purpose Solana ETF Currency Hedged Units (SOLL.TO) has a higher volatility of 16.52% compared to CI Galaxy Bitcoin ETF C$ Unhedged Series Units (BTCX-B.TO) at 9.43%. This indicates that SOLL.TO's price experiences larger fluctuations and is considered to be riskier than BTCX-B.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SOLL.TO	BTCX-B.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.52%	9.43%	+7.09%
Volatility (6M) Calculated over the trailing 6-month period	49.07%	33.43%	+15.64%
Volatility (1Y) Calculated over the trailing 1-year period	72.56%	42.91%	+29.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	71.15%	54.09%	+17.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	71.15%	54.98%	+16.17%

SOLL.TO vs. BTCX-B.TO - Expense Ratio Comparison

SOLL.TO has a 1.00% expense ratio, which is higher than BTCX-B.TO's 0.80% expense ratio.

Dividends

SOLL.TO vs. BTCX-B.TO - Dividend Comparison

Neither SOLL.TO nor BTCX-B.TO has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SOLL.TO and BTCX-B.TO in my portfolio?

SOLL.TO and BTCX-B.TO have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SOLL.TO or BTCX-B.TO?

On fees, BTCX-B.TO is cheaper at 0.80% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SOLL.TO or BTCX-B.TO?

BTCX-B.TO is cheaper with a 0.80% expense ratio, compared with 1.00% for SOLL.TO.

What is the main difference between SOLL.TO and BTCX-B.TO?

They also come from different issuers: Purpose Investments and CI Global Asset Management. Their fees differ too: 1.00% for SOLL.TO and 0.80% for BTCX-B.TO.