SOLL.TO vs. ETHY.TO
SOLL.TO (Purpose Solana ETF Currency Hedged Units) and ETHY.TO (Purpose Ether Yield ETF - ETF Units) are both Cryptocurrency funds from Purpose Investments. Both are actively managed. Over the past year, SOLL.TO returned -56.21% vs -39.18% for ETHY.TO. Their correlation of 0.83 suggests significant overlap in exposure.
Performance
SOLL.TO vs. ETHY.TO - Performance Comparison
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Returns By Period
In the year-to-date period, SOLL.TO achieves a -42.41% return, which is significantly higher than ETHY.TO's -45.70% return.
SOLL.TO
- 1D
- -4.68%
- 1M
- -14.73%
- YTD
- -42.41%
- 6M
- -50.32%
- 1Y
- -56.21%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETHY.TO
- 1D
- -6.57%
- 1M
- -27.49%
- YTD
- -45.70%
- 6M
- -48.19%
- 1Y
- -39.18%
- 3Y*
- -8.68%
- 5Y*
- —
- 10Y*
- —
SOLL.TO vs. ETHY.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SOLL.TO Purpose Solana ETF Currency Hedged Units | -42.41% | -7.64% |
ETHY.TO Purpose Ether Yield ETF - ETF Units | -45.70% | 74.46% |
Correlation
The correlation between SOLL.TO and ETHY.TO is 0.84, 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 | 0.84 |
Correlation (All Time) Calculated using the full available price history since Apr 17, 2025 | 0.83 |
The correlation between SOLL.TO and ETHY.TO has been stable across timeframes, ranging from 0.83 to 0.84 - a consistent structural relationship.
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Return for Risk
SOLL.TO vs. ETHY.TO — Risk / Return Rank
SOLL.TO
ETHY.TO
SOLL.TO vs. ETHY.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 - ETF Units (ETHY.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 | ETHY.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.56 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 0.94 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.79 | -0.60 | -0.19 |
| Martin ratioReturn relative to average drawdown | -1.24 | -1.03 | -0.21 |
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 | ETHY.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.78 | -0.57 | -0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.61 | -0.36 | -0.24 |
Drawdowns
SOLL.TO vs. ETHY.TO - Drawdown Comparison
The maximum SOLL.TO drawdown since its inception was -71.52%, smaller than the maximum ETHY.TO drawdown of -76.84%. Use the drawdown chart below to compare losses from any high point for SOLL.TO and ETHY.TO.
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Drawdown Indicators
| SOLL.TO | ETHY.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.52% | -76.84% | +5.32% |
Max Drawdown (1Y)Largest decline over 1 year | -71.52% | -65.28% | -6.24% |
Max Drawdown (3Y)Largest decline over 3 years | — | -65.28% | — |
Current DrawdownCurrent decline from peak | -71.52% | -70.37% | -1.15% |
Average DrawdownAverage peak-to-trough decline | -34.60% | -51.41% | +16.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 45.19% | 38.00% | +7.19% |
Volatility
SOLL.TO vs. ETHY.TO - Volatility Comparison
Purpose Solana ETF Currency Hedged Units (SOLL.TO) has a higher volatility of 16.48% compared to Purpose Ether Yield ETF - ETF Units (ETHY.TO) at 12.87%. This indicates that SOLL.TO's price experiences larger fluctuations and is considered to be riskier than ETHY.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.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.48% | 12.87% | +3.61% |
Volatility (6M)Calculated over the trailing 6-month period | 50.24% | 51.96% | -1.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 72.62% | 69.09% | +3.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.16% | 65.26% | +5.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.16% | 65.26% | +5.90% |
Dividends
SOLL.TO vs. ETHY.TO - Dividend Comparison
SOLL.TO has not paid dividends to shareholders, while ETHY.TO's dividend yield for the trailing twelve months is around 43.13%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
ETHY.TO Purpose Ether Yield ETF - ETF Units | 43.12% | 19.33% | 21.43% | 10.44% | 26.10% | 2.40% |
SOLL.TO Purpose Solana ETF Currency Hedged Units | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SOLL.TO and ETHY.TO have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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