SOLL.TO vs. ETHY-U.TO
SOLL.TO (Purpose Solana ETF Currency Hedged Units) and ETHY-U.TO (Purpose Ether Yield ETF USD Non-Currency Hedged Units) are both Cryptocurrency funds. Both are actively managed. Over the past year, SOLL.TO returned -58.64% vs -46.72% for ETHY-U.TO. A 0.57 correlation means they provide meaningful diversification when combined.
Performance
SOLL.TO vs. ETHY-U.TO - Performance Comparison
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Different Trading Currencies
SOLL.TO is traded in CAD, while ETHY-U.TO is traded in USD. To make them comparable, the ETHY-U.TO values have been converted to CAD using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with SOLL.TO having a -41.57% return and ETHY-U.TO slightly higher at -39.51%.
SOLL.TO
- 1D
- -3.96%
- 1M
- 2.20%
- 6M
- -50.18%
- YTD
- -41.57%
- 1Y
- -58.64%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETHY-U.TO
- 1D
- -0.10%
- 1M
- 8.82%
- 6M
- -45.78%
- YTD
- -39.51%
- 1Y
- -46.72%
- 3Y*
- -11.22%
- 5Y*
- —
- 10Y*
- —
SOLL.TO vs. ETHY-U.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SOLL.TO Purpose Solana ETF Currency Hedged Units | -41.57% | -4.02% |
ETHY-U.TO Purpose Ether Yield ETF USD Non-Currency Hedged Units | -39.51% | 72.47% |
Correlation
The correlation between SOLL.TO and ETHY-U.TO is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2025 | 0.57 |
The correlation between SOLL.TO and ETHY-U.TO has been stable across timeframes, ranging from 0.57 to 0.65 - a consistent structural relationship.
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Return for Risk
SOLL.TO vs. ETHY-U.TO — Risk / Return Rank
SOLL.TO
ETHY-U.TO
SOLL.TO vs. ETHY-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 Purpose Ether Yield ETF USD Non-Currency Hedged Units (ETHY-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 | ETHY-U.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.57 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 0.93 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | -0.66 | -0.12 |
| Martin ratioReturn relative to average drawdown | -1.14 | -1.05 | -0.09 |
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Drawdowns
SOLL.TO vs. ETHY-U.TO - Drawdown Comparison
The maximum SOLL.TO drawdown since its inception was -75.04%, smaller than the maximum ETHY-U.TO drawdown of -81.32%. Use the drawdown chart below to compare losses from any high point for SOLL.TO and ETHY-U.TO.
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Drawdown Indicators
| SOLL.TO | ETHY-U.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.04% | -81.32% | +6.28% |
Max Drawdown (1Y)Largest decline over 1 year | -75.04% | -70.17% | -4.87% |
Max Drawdown (3Y)Largest decline over 3 years | — | -70.17% | — |
Current DrawdownCurrent decline from peak | -71.10% | -76.13% | +5.03% |
Average DrawdownAverage peak-to-trough decline | -38.11% | -60.32% | +22.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 51.58% | 44.25% | +7.33% |
Volatility
SOLL.TO vs. ETHY-U.TO - Volatility Comparison
The current volatility for Purpose Solana ETF Currency Hedged Units (SOLL.TO) is 20.02%, while Purpose Ether Yield ETF USD Non-Currency Hedged Units (ETHY-U.TO) has a volatility of 30.91%. This indicates that SOLL.TO experiences smaller price fluctuations and is considered to be less risky than ETHY-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 | ETHY-U.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.02% | 30.91% | -10.89% |
Volatility (6M)Calculated over the trailing 6-month period | 52.26% | 62.05% | -9.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 73.66% | 78.09% | -4.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.81% | 68.74% | +3.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.81% | 68.74% | +3.07% |
Dividends
SOLL.TO vs. ETHY-U.TO - Dividend Comparison
SOLL.TO has not paid dividends to shareholders, while ETHY-U.TO's dividend yield for the trailing twelve months is around 40.75%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
ETHY-U.TO Purpose Ether Yield ETF USD Non-Currency Hedged Units | 40.75% | 18.89% | 3.10% |
SOLL.TO Purpose Solana ETF Currency Hedged Units | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SOLL.TO and ETHY-U.TO have a correlation of 0.65, 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 Purpose.
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