SOLL.TO vs. ETC.TO
SOLL.TO (Purpose Solana ETF Currency Hedged Units) and ETC.TO (Evolve Cryptocurrencies ETF) are both Cryptocurrency funds. Both are actively managed. Over the past year, SOLL.TO returned -56.74% vs -39.39% for ETC.TO. Their correlation of 0.87 suggests significant overlap in exposure. SOLL.TO charges 1.00%/yr vs 0.75%/yr for ETC.TO.
Performance
SOLL.TO vs. ETC.TO - Performance Comparison
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Returns By Period
In the year-to-date period, SOLL.TO achieves a -44.92% return, which is significantly lower than ETC.TO's -29.24% return.
SOLL.TO
- 1D
- -4.36%
- 1M
- -20.42%
- YTD
- -44.92%
- 6M
- -51.48%
- 1Y
- -56.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETC.TO
- 1D
- -1.94%
- 1M
- -20.03%
- YTD
- -29.24%
- 6M
- -34.60%
- 1Y
- -39.39%
- 3Y*
- 25.64%
- 5Y*
- —
- 10Y*
- —
SOLL.TO vs. ETC.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SOLL.TO Purpose Solana ETF Currency Hedged Units | -44.92% | -7.64% |
ETC.TO Evolve Cryptocurrencies ETF | -29.24% | 8.72% |
Correlation
The correlation between SOLL.TO and ETC.TO 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 (1Y) Calculated over the trailing 1-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Apr 17, 2025 | 0.87 |
The correlation between SOLL.TO and ETC.TO has been stable across timeframes, ranging from 0.87 to 0.88 - a consistent structural relationship.
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Return for Risk
SOLL.TO vs. ETC.TO — Risk / Return Rank
SOLL.TO
ETC.TO
SOLL.TO vs. ETC.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 Evolve Cryptocurrencies ETF (ETC.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 | ETC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 0.87 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | -0.74 | -0.04 |
| Martin ratioReturn relative to average drawdown | -1.25 | -1.25 | 0.00 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SOLL.TO | ETC.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.78 | -0.84 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.64 | 0.08 | -0.71 |
Drawdowns
SOLL.TO vs. ETC.TO - Drawdown Comparison
The maximum SOLL.TO drawdown since its inception was -72.76%, roughly equal to the maximum ETC.TO drawdown of -75.66%. Use the drawdown chart below to compare losses from any high point for SOLL.TO and ETC.TO.
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Drawdown Indicators
| SOLL.TO | ETC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.76% | -75.66% | +2.90% |
Max Drawdown (1Y)Largest decline over 1 year | -72.76% | -53.39% | -19.37% |
Max Drawdown (3Y)Largest decline over 3 years | — | -53.39% | — |
Current DrawdownCurrent decline from peak | -72.76% | -53.39% | -19.37% |
Average DrawdownAverage peak-to-trough decline | -34.73% | -35.37% | +0.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 45.42% | 31.64% | +13.78% |
Volatility
SOLL.TO vs. ETC.TO - Volatility Comparison
Purpose Solana ETF Currency Hedged Units (SOLL.TO) has a higher volatility of 16.52% compared to Evolve Cryptocurrencies ETF (ETC.TO) at 9.59%. This indicates that SOLL.TO's price experiences larger fluctuations and is considered to be riskier than ETC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SOLL.TO | ETC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.52% | 9.59% | +6.93% |
Volatility (6M)Calculated over the trailing 6-month period | 49.07% | 35.62% | +13.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 72.56% | 47.21% | +25.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.15% | 54.15% | +17.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.15% | 54.15% | +17.00% |
SOLL.TO vs. ETC.TO - Expense Ratio Comparison
SOLL.TO has a 1.00% expense ratio, which is higher than ETC.TO's 0.75% expense ratio.
Dividends
SOLL.TO vs. ETC.TO - Dividend Comparison
SOLL.TO has not paid dividends to shareholders, while ETC.TO's dividend yield for the trailing twelve months is around 0.83%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
ETC.TO Evolve Cryptocurrencies ETF | 0.83% | 0.58% | 0.05% |
SOLL.TO Purpose Solana ETF Currency Hedged Units | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SOLL.TO and ETC.TO 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, ETC.TO is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ETC.TO is cheaper with a 0.75% expense ratio, compared with 1.00% for SOLL.TO.
They also come from different issuers: Purpose Investments and Evolve. Their fees differ too: 1.00% for SOLL.TO and 0.75% for ETC.TO.
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