SOLL.TO vs. ETHR.TO
SOLL.TO (Purpose Solana ETF Currency Hedged Units) and ETHR.TO (Evolve Ether ETF CAD Unhedged Units) are both Cryptocurrency funds. SOLL.TO is actively managed, while ETHR.TO is passively managed. Over the past year, SOLL.TO returned -56.74% vs -32.64% for ETHR.TO. Their correlation of 0.85 suggests significant overlap in exposure. SOLL.TO charges 1.00%/yr vs 0.75%/yr for ETHR.TO.
Performance
SOLL.TO vs. ETHR.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 ETHR.TO's -39.97% return.
SOLL.TO
- 1D
- -4.36%
- 1M
- -20.42%
- YTD
- -44.92%
- 6M
- -51.48%
- 1Y
- -56.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETHR.TO
- 1D
- -1.46%
- 1M
- -23.92%
- YTD
- -39.97%
- 6M
- -43.95%
- 1Y
- -32.64%
- 3Y*
- -1.51%
- 5Y*
- -7.26%
- 10Y*
- —
SOLL.TO vs. ETHR.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SOLL.TO Purpose Solana ETF Currency Hedged Units | -44.92% | -7.64% |
ETHR.TO Evolve Ether ETF CAD Unhedged Units | -39.97% | 82.32% |
Correlation
The correlation between SOLL.TO and ETHR.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 ETHR.TO has been stable across timeframes, ranging from 0.85 to 0.86 - a consistent structural relationship.
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Return for Risk
SOLL.TO vs. ETHR.TO — Risk / Return Rank
SOLL.TO
ETHR.TO
SOLL.TO vs. ETHR.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 Ether ETF CAD Unhedged Units (ETHR.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 | ETHR.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.73 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 0.96 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | -0.51 | -0.27 |
| Martin ratioReturn relative to average drawdown | -1.25 | -0.85 | -0.40 |
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 | ETHR.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.78 | -0.49 | -0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.11 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.64 | -0.07 | -0.56 |
Drawdowns
SOLL.TO vs. ETHR.TO - Drawdown Comparison
The maximum SOLL.TO drawdown since its inception was -72.76%, smaller than the maximum ETHR.TO drawdown of -78.36%. Use the drawdown chart below to compare losses from any high point for SOLL.TO and ETHR.TO.
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Drawdown Indicators
| SOLL.TO | ETHR.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.76% | -78.36% | +5.60% |
Max Drawdown (1Y)Largest decline over 1 year | -72.76% | -63.63% | -9.13% |
Max Drawdown (3Y)Largest decline over 3 years | — | -64.17% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -78.36% | — |
Current DrawdownCurrent decline from peak | -72.76% | -63.63% | -9.13% |
Average DrawdownAverage peak-to-trough decline | -34.73% | -43.49% | +8.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 45.42% | 38.31% | +7.11% |
Volatility
SOLL.TO vs. ETHR.TO - Volatility Comparison
Purpose Solana ETF Currency Hedged Units (SOLL.TO) has a higher volatility of 16.52% compared to Evolve Ether ETF CAD Unhedged Units (ETHR.TO) at 10.25%. This indicates that SOLL.TO's price experiences larger fluctuations and is considered to be riskier than ETHR.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 | ETHR.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.52% | 10.25% | +6.27% |
Volatility (6M)Calculated over the trailing 6-month period | 49.07% | 44.82% | +4.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 72.56% | 66.28% | +6.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.15% | 69.36% | +1.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.15% | 71.74% | -0.59% |
SOLL.TO vs. ETHR.TO - Expense Ratio Comparison
SOLL.TO has a 1.00% expense ratio, which is higher than ETHR.TO's 0.75% expense ratio.
Dividends
SOLL.TO vs. ETHR.TO - Dividend Comparison
Neither SOLL.TO nor ETHR.TO has paid dividends to shareholders.
Frequently Asked Questions
SOLL.TO and ETHR.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.
On fees, ETHR.TO is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ETHR.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 ETHR.TO.
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