SOLL.TO vs. SOLQ.TO
SOLL.TO (Purpose Solana ETF Currency Hedged Units) and SOLQ.TO (3iQ Solana Staking ETF) are both Cryptocurrency funds. SOLL.TO is actively managed, while SOLQ.TO is passively managed. Over the past year, SOLL.TO returned -57.31% vs -54.00% for SOLQ.TO. Their 0.98 correlation means they have historically moved very closely together. SOLL.TO charges 1.00%/yr vs 0.15%/yr for SOLQ.TO.
Performance
SOLL.TO vs. SOLQ.TO - Performance Comparison
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Returns By Period
In the year-to-date period, SOLL.TO achieves a -41.88% return, which is significantly lower than SOLQ.TO's -38.75% return.
SOLL.TO
- 1D
- -1.94%
- 1M
- -11.48%
- 6M
- -30.88%
- YTD
- -41.88%
- 1Y
- -57.31%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -36.41%
SOLQ.TO
- 1D
- -2.23%
- 1M
- -12.32%
- 6M
- -26.74%
- YTD
- -38.75%
- 1Y
- -54.00%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -32.36%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$10.74K | CA$31.07K | CA$71.72K | |
SOLQ.TO 3iQ Solana Staking ETF | CA$139.36K | CA$147.53K | CA$235.73K |
SOLL.TO vs. SOLQ.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SOLL.TO Purpose Solana ETF Currency Hedged Units | -41.88% | -4.02% |
SOLQ.TO 3iQ Solana Staking ETF | -38.75% | -1.38% |
Correlation
The correlation between SOLL.TO and SOLQ.TO is 0.98 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.98 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2025 | 0.98 |
The correlation between SOLL.TO and SOLQ.TO has been stable across timeframes, ranging from 0.98 to 0.98 - a consistent structural relationship.
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Return for Risk
SOLL.TO vs. SOLQ.TO — Risk / Return Rank
SOLL.TO
SOLQ.TO
SOLL.TO vs. SOLQ.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 3iQ Solana Staking ETF (SOLQ.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 | SOLQ.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 0.88 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.79 | -0.77 | -0.02 |
| Martin ratioReturn relative to average drawdown | -1.11 | -1.08 | -0.03 |
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Drawdowns
SOLL.TO vs. SOLQ.TO - Drawdown Comparison
The maximum SOLL.TO drawdown since its inception was -75.04%, roughly equal to the maximum SOLQ.TO drawdown of -73.59%. Use the drawdown chart below to compare losses from any high point for SOLL.TO and SOLQ.TO.
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Drawdown Indicators
| SOLL.TO | SOLQ.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.04% | -73.59% | -1.45% |
Max Drawdown (1Y)Largest decline over 1 year | -75.04% | -73.59% | -1.45% |
Current DrawdownCurrent decline from peak | -71.26% | -69.32% | -1.94% |
Average DrawdownAverage peak-to-trough decline | -39.10% | -38.45% | -0.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 53.38% | 52.25% | +1.13% |
Volatility
SOLL.TO vs. SOLQ.TO - Volatility Comparison
Purpose Solana ETF Currency Hedged Units (SOLL.TO) has a higher volatility of 12.52% compared to 3iQ Solana Staking ETF (SOLQ.TO) at 10.16%. This indicates that SOLL.TO's price experiences larger fluctuations and is considered to be riskier than SOLQ.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 | SOLQ.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.52% | 10.16% | +2.36% |
Volatility (6M)Calculated over the trailing 6-month period | 51.63% | 50.04% | +1.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 73.06% | 71.89% | +1.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.13% | 70.15% | +0.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.13% | 70.15% | +0.98% |
SOLL.TO vs. SOLQ.TO - Expense Ratio Comparison
SOLL.TO has a 1.00% expense ratio, which is higher than SOLQ.TO's 0.15% expense ratio.
Dividends
SOLL.TO vs. SOLQ.TO - Dividend Comparison
Neither SOLL.TO nor SOLQ.TO has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.98, SOLL.TO and SOLQ.TO move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, SOLQ.TO is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SOLQ.TO is cheaper with a 0.15% expense ratio, compared with 1.00% for SOLL.TO.
They also come from different issuers: Purpose and 3iQ. Their fees differ too: 1.00% for SOLL.TO and 0.15% for SOLQ.TO.
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