SOLL.TO vs. LBIT.TO
SOLL.TO (Purpose Solana ETF Currency Hedged Units) and LBIT.TO (Evolve Levered Bitcoin ETF) are both exchange-traded funds - SOLL.TO is a Cryptocurrency fund actively managed by Purpose Investments, while LBIT.TO is a Leveraged Cryptocurrency fund actively managed by Evolve. Both are actively managed. Over the past year, SOLL.TO returned -56.74% vs -49.32% for LBIT.TO. A 0.72 correlation means they provide meaningful diversification when combined. SOLL.TO charges 1.00%/yr vs 0.75%/yr for LBIT.TO.
Performance
SOLL.TO vs. LBIT.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 LBIT.TO's -33.47% return.
SOLL.TO
- 1D
- -4.36%
- 1M
- -20.42%
- YTD
- -44.92%
- 6M
- -51.48%
- 1Y
- -56.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LBIT.TO
- 1D
- -4.93%
- 1M
- -24.38%
- YTD
- -33.47%
- 6M
- -38.37%
- 1Y
- -49.32%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SOLL.TO vs. LBIT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SOLL.TO Purpose Solana ETF Currency Hedged Units | -44.92% | -7.64% |
LBIT.TO Evolve Levered Bitcoin ETF | -33.47% | -1.19% |
Correlation
The correlation between SOLL.TO and LBIT.TO is 0.73, 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 | 0.73 |
Correlation (All Time) Calculated using the full available price history since Apr 17, 2025 | 0.72 |
The correlation between SOLL.TO and LBIT.TO has been stable across timeframes, ranging from 0.72 to 0.73 - a consistent structural relationship.
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Return for Risk
SOLL.TO vs. LBIT.TO — Risk / Return Rank
SOLL.TO
LBIT.TO
SOLL.TO vs. LBIT.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 Levered Bitcoin ETF (LBIT.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 | LBIT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.31 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 0.84 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | -0.84 | +0.06 |
| Martin ratioReturn relative to average drawdown | -1.25 | -1.41 | +0.16 |
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 | LBIT.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.78 | -0.94 | +0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.64 | -0.57 | -0.06 |
Drawdowns
SOLL.TO vs. LBIT.TO - Drawdown Comparison
The maximum SOLL.TO drawdown since its inception was -72.76%, which is greater than LBIT.TO's maximum drawdown of -58.79%. Use the drawdown chart below to compare losses from any high point for SOLL.TO and LBIT.TO.
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Drawdown Indicators
| SOLL.TO | LBIT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.76% | -58.79% | -13.97% |
Max Drawdown (1Y)Largest decline over 1 year | -72.76% | -58.79% | -13.97% |
Current DrawdownCurrent decline from peak | -72.76% | -58.79% | -13.97% |
Average DrawdownAverage peak-to-trough decline | -34.73% | -24.37% | -10.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 45.42% | 35.10% | +10.32% |
Volatility
SOLL.TO vs. LBIT.TO - Volatility Comparison
Purpose Solana ETF Currency Hedged Units (SOLL.TO) has a higher volatility of 16.52% compared to Evolve Levered Bitcoin ETF (LBIT.TO) at 11.90%. This indicates that SOLL.TO's price experiences larger fluctuations and is considered to be riskier than LBIT.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 | LBIT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.52% | 11.90% | +4.62% |
Volatility (6M)Calculated over the trailing 6-month period | 49.07% | 41.19% | +7.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 72.56% | 52.65% | +19.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.15% | 51.55% | +19.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.15% | 51.55% | +19.60% |
SOLL.TO vs. LBIT.TO - Expense Ratio Comparison
SOLL.TO has a 1.00% expense ratio, which is higher than LBIT.TO's 0.75% expense ratio.
Dividends
SOLL.TO vs. LBIT.TO - Dividend Comparison
Neither SOLL.TO nor LBIT.TO has paid dividends to shareholders.
Frequently Asked Questions
SOLL.TO and LBIT.TO have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LBIT.TO is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LBIT.TO is cheaper with a 0.75% expense ratio, compared with 1.00% for SOLL.TO.
SOLL.TO is categorized as Cryptocurrency, while LBIT.TO is Leveraged Cryptocurrency. They also come from different issuers: Purpose Investments and Evolve. Their fees differ too: 1.00% for SOLL.TO and 0.75% for LBIT.TO.
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