SOLL.TO vs. ETHH.TO
SOLL.TO (Purpose Solana ETF Currency Hedged Units) and ETHH.TO (Purpose Ether ETF) are both Cryptocurrency funds from Purpose Investments. Both are actively managed. Over the past year, SOLL.TO returned -56.21% vs -34.23% for ETHH.TO. Their correlation of 0.86 suggests significant overlap in exposure. Both charge a 1.00% expense ratio.
Performance
SOLL.TO vs. ETHH.TO - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with SOLL.TO having a -42.41% return and ETHH.TO slightly higher at -40.68%.
SOLL.TO
- 1D
- -4.68%
- 1M
- -14.73%
- YTD
- -42.41%
- 6M
- -50.32%
- 1Y
- -56.21%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETHH.TO
- 1D
- -6.35%
- 1M
- -23.78%
- YTD
- -40.68%
- 6M
- -43.85%
- 1Y
- -34.23%
- 3Y*
- -5.23%
- 5Y*
- -11.23%
- 10Y*
- —
SOLL.TO vs. ETHH.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SOLL.TO Purpose Solana ETF Currency Hedged Units | -42.41% | -7.64% |
ETHH.TO Purpose Ether ETF | -40.68% | 82.58% |
Correlation
The correlation between SOLL.TO and ETHH.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 | 0.86 |
The correlation between SOLL.TO and ETHH.TO has been stable across timeframes, ranging from 0.86 to 0.86 - a consistent structural relationship.
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Return for Risk
SOLL.TO vs. ETHH.TO — Risk / Return Rank
SOLL.TO
ETHH.TO
SOLL.TO vs. ETHH.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 Purpose Ether ETF (ETHH.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 | ETHH.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.68 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 0.95 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.79 | -0.54 | -0.25 |
| Martin ratioReturn relative to average drawdown | -1.24 | -0.89 | -0.35 |
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 | ETHH.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.78 | -0.51 | -0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.16 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.61 | -0.12 | -0.49 |
Drawdowns
SOLL.TO vs. ETHH.TO - Drawdown Comparison
The maximum SOLL.TO drawdown since its inception was -71.52%, smaller than the maximum ETHH.TO drawdown of -79.46%. Use the drawdown chart below to compare losses from any high point for SOLL.TO and ETHH.TO.
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Drawdown Indicators
| SOLL.TO | ETHH.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.52% | -79.46% | +7.94% |
Max Drawdown (1Y)Largest decline over 1 year | -71.52% | -63.98% | -7.54% |
Max Drawdown (3Y)Largest decline over 3 years | — | -65.04% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -79.46% | — |
Current DrawdownCurrent decline from peak | -71.52% | -68.37% | -3.15% |
Average DrawdownAverage peak-to-trough decline | -34.60% | -49.06% | +14.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 45.19% | 38.46% | +6.73% |
Volatility
SOLL.TO vs. ETHH.TO - Volatility Comparison
Purpose Solana ETF Currency Hedged Units (SOLL.TO) has a higher volatility of 16.48% compared to Purpose Ether ETF (ETHH.TO) at 11.33%. This indicates that SOLL.TO's price experiences larger fluctuations and is considered to be riskier than ETHH.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 | ETHH.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.48% | 11.33% | +5.15% |
Volatility (6M)Calculated over the trailing 6-month period | 50.24% | 45.72% | +4.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 72.62% | 67.41% | +5.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.16% | 70.71% | +0.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.16% | 73.03% | -1.87% |
SOLL.TO vs. ETHH.TO - Expense Ratio Comparison
Both SOLL.TO and ETHH.TO have an expense ratio of 1.00%.
Dividends
SOLL.TO vs. ETHH.TO - Dividend Comparison
Neither SOLL.TO nor ETHH.TO has paid dividends to shareholders.
Frequently Asked Questions
SOLL.TO and ETHH.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.
Both ETFs have the same 1.00% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
SOLL.TO and ETHH.TO have the same expense ratio: 1.00% per year.
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