SOLL.TO vs. ETHX-U.TO
SOLL.TO (Purpose Solana ETF Currency Hedged Units) and ETHX-U.TO (CI Galaxy Ethereum ETF (US$ Series)) are both Cryptocurrency funds. Both are actively managed. Over the past year, SOLL.TO returned -54.04% vs -35.48% for ETHX-U.TO. Their correlation of 0.84 suggests significant overlap in exposure.
Performance
SOLL.TO vs. ETHX-U.TO - Performance Comparison
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Different Trading Currencies
SOLL.TO is traded in CAD, while ETHX-U.TO is traded in USD. To make them comparable, the ETHX-U.TO values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, SOLL.TO achieves a -38.64% return, which is significantly lower than ETHX-U.TO's -34.80% return.
SOLL.TO
- 1D
- 2.81%
- 1M
- 15.13%
- 6M
- -46.97%
- YTD
- -38.64%
- 1Y
- -54.04%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETHX-U.TO
- 1D
- 5.47%
- 1M
- 14.15%
- 6M
- -40.39%
- YTD
- -34.80%
- 1Y
- -35.48%
- 3Y*
- 1.21%
- 5Y*
- 1.25%
- 10Y*
- —
SOLL.TO vs. ETHX-U.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SOLL.TO Purpose Solana ETF Currency Hedged Units | -38.64% | -4.02% |
ETHX-U.TO CI Galaxy Ethereum ETF (US$ Series) | -34.80% | 80.63% |
Correlation
The correlation between SOLL.TO and ETHX-U.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 16, 2025 | 0.84 |
The correlation between SOLL.TO and ETHX-U.TO has been stable across timeframes, ranging from 0.84 to 0.86 - a consistent structural relationship.
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Return for Risk
SOLL.TO vs. ETHX-U.TO — Risk / Return Rank
SOLL.TO
ETHX-U.TO
SOLL.TO vs. ETHX-U.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 (US$ Series) (ETHX-U.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-U.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.53 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 0.95 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.72 | -0.53 | -0.20 |
| Martin ratioReturn relative to average drawdown | -1.06 | -0.81 | -0.25 |
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Drawdowns
SOLL.TO vs. ETHX-U.TO - Drawdown Comparison
The maximum SOLL.TO drawdown since its inception was -75.04%, roughly equal to the maximum ETHX-U.TO drawdown of -78.30%. Use the drawdown chart below to compare losses from any high point for SOLL.TO and ETHX-U.TO.
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Drawdown Indicators
| SOLL.TO | ETHX-U.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.04% | -78.30% | +3.26% |
Max Drawdown (1Y)Largest decline over 1 year | -75.04% | -67.75% | -7.29% |
Max Drawdown (3Y)Largest decline over 3 years | — | -67.75% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -78.30% | — |
Current DrawdownCurrent decline from peak | -69.65% | -60.78% | -8.87% |
Average DrawdownAverage peak-to-trough decline | -37.80% | -43.10% | +5.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 51.00% | 43.84% | +7.16% |
Volatility
SOLL.TO vs. ETHX-U.TO - Volatility Comparison
Purpose Solana ETF Currency Hedged Units (SOLL.TO) has a higher volatility of 22.98% compared to CI Galaxy Ethereum ETF (US$ Series) (ETHX-U.TO) at 17.22%. This indicates that SOLL.TO's price experiences larger fluctuations and is considered to be riskier than ETHX-U.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-U.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.98% | 17.22% | +5.76% |
Volatility (6M)Calculated over the trailing 6-month period | 52.48% | 46.84% | +5.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 74.08% | 68.09% | +5.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 72.06% | 71.16% | +0.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.06% | 74.04% | -1.98% |
Dividends
SOLL.TO vs. ETHX-U.TO - Dividend Comparison
Neither SOLL.TO nor ETHX-U.TO has paid dividends to shareholders.
Frequently Asked Questions
SOLL.TO and ETHX-U.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.
They also come from different issuers: Purpose Investments and CI.
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