SOLL.TO vs. ETHX-B.TO
SOLL.TO (Purpose Solana ETF Currency Hedged Units) and ETHX-B.TO (CI Galaxy Ethereum ETF) are both Cryptocurrency funds. Both are actively managed. Over the past year, SOLL.TO returned -54.04% vs -36.02% for ETHX-B.TO. Their correlation of 0.85 suggests significant overlap in exposure.
Performance
SOLL.TO vs. ETHX-B.TO - Performance Comparison
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Returns By Period
In the year-to-date period, SOLL.TO achieves a -38.64% return, which is significantly lower than ETHX-B.TO's -35.31% return.
SOLL.TO
- 1D
- 2.81%
- 1M
- 15.13%
- 6M
- -46.97%
- YTD
- -38.64%
- 1Y
- -54.04%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETHX-B.TO
- 1D
- 5.17%
- 1M
- 13.18%
- 6M
- -40.72%
- YTD
- -35.31%
- 1Y
- -36.02%
- 3Y*
- 0.72%
- 5Y*
- 0.92%
- 10Y*
- —
SOLL.TO vs. ETHX-B.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SOLL.TO Purpose Solana ETF Currency Hedged Units | -38.64% | -4.02% |
ETHX-B.TO CI Galaxy Ethereum ETF | -35.31% | 80.88% |
Correlation
The correlation between SOLL.TO and ETHX-B.TO is 0.87, 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 | 0.87 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2025 | 0.85 |
The correlation between SOLL.TO and ETHX-B.TO has been stable across timeframes, ranging from 0.85 to 0.87 - a consistent structural relationship.
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Return for Risk
SOLL.TO vs. ETHX-B.TO — Risk / Return Rank
SOLL.TO
ETHX-B.TO
SOLL.TO vs. ETHX-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 Ethereum ETF (ETHX-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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SOLL.TO | ETHX-B.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.49 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 0.95 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.72 | -0.54 | -0.18 |
| Martin ratioReturn relative to average drawdown | -1.06 | -0.83 | -0.23 |
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Drawdowns
SOLL.TO vs. ETHX-B.TO - Drawdown Comparison
The maximum SOLL.TO drawdown since its inception was -75.04%, roughly equal to the maximum ETHX-B.TO drawdown of -78.38%. Use the drawdown chart below to compare losses from any high point for SOLL.TO and ETHX-B.TO.
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Drawdown Indicators
| SOLL.TO | ETHX-B.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.04% | -78.38% | +3.34% |
Max Drawdown (1Y)Largest decline over 1 year | -75.04% | -67.14% | -7.90% |
Max Drawdown (3Y)Largest decline over 3 years | — | -67.14% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -78.38% | — |
Current DrawdownCurrent decline from peak | -69.65% | -60.67% | -8.98% |
Average DrawdownAverage peak-to-trough decline | -37.80% | -43.15% | +5.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 51.00% | 43.42% | +7.58% |
Volatility
SOLL.TO vs. ETHX-B.TO - Volatility Comparison
Purpose Solana ETF Currency Hedged Units (SOLL.TO) has a higher volatility of 22.98% compared to CI Galaxy Ethereum ETF (ETHX-B.TO) at 16.01%. This indicates that SOLL.TO's price experiences larger fluctuations and is considered to be riskier than ETHX-B.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 | ETHX-B.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.98% | 16.01% | +6.97% |
Volatility (6M)Calculated over the trailing 6-month period | 52.48% | 45.79% | +6.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 74.08% | 66.58% | +7.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 72.06% | 68.86% | +3.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.06% | 71.77% | +0.29% |
Dividends
SOLL.TO vs. ETHX-B.TO - Dividend Comparison
Neither SOLL.TO nor ETHX-B.TO has paid dividends to shareholders.
Frequently Asked Questions
SOLL.TO and ETHX-B.TO have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: Purpose Investments and CI.
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