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SOLQ.TO vs. BTCX-B.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

SOLQ.TO vs. BTCX-B.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in 3iQ Solana Staking ETF (SOLQ.TO) and CI Galaxy Bitcoin ETF C$ Unhedged Series Units (BTCX-B.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SOLQ.TO achieves a -35.22% return, which is significantly lower than BTCX-B.TO's -24.39% return.


SOLQ.TO

1D
-0.23%
1M
3.04%
6M
-46.18%
YTD
-35.22%
1Y
-49.19%
3Y*
5Y*
10Y*

BTCX-B.TO

1D
0.45%
1M
-2.21%
6M
-33.05%
YTD
-24.39%
1Y
-43.44%
3Y*
30.87%
5Y*
16.78%
10Y*
*Multi-year figures are annualized to reflect compound growth (CAGR)

SOLQ.TO vs. BTCX-B.TO - Yearly Performance Comparison


2026 (YTD)2025
SOLQ.TO
3iQ Solana Staking ETF
-35.22%-1.38%
BTCX-B.TO
CI Galaxy Bitcoin ETF C$ Unhedged Series Units
-24.39%1.74%

Correlation

The correlation between SOLQ.TO and BTCX-B.TO is 0.87, 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

0.87

Correlation (All Time)
Calculated using the full available price history since Apr 16, 2025

0.85

The correlation between SOLQ.TO and BTCX-B.TO has been stable across timeframes, ranging from 0.85 to 0.87 - a consistent structural relationship.

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Return for Risk

SOLQ.TO vs. BTCX-B.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SOLQ.TO
SOLQ.TO Risk / Return Rank: 44
Overall Rank
SOLQ.TO Sharpe Ratio Rank: 44
Sharpe Ratio Rank
SOLQ.TO Sortino Ratio Rank: 44
Sortino Ratio Rank
SOLQ.TO Omega Ratio Rank: 44
Omega Ratio Rank
SOLQ.TO Calmar Ratio Rank: 44
Calmar Ratio Rank
SOLQ.TO Martin Ratio Rank: 55
Martin Ratio Rank

BTCX-B.TO
BTCX-B.TO Risk / Return Rank: 22
Overall Rank
BTCX-B.TO Sharpe Ratio Rank: 22
Sharpe Ratio Rank
BTCX-B.TO Sortino Ratio Rank: 22
Sortino Ratio Rank
BTCX-B.TO Omega Ratio Rank: 22
Omega Ratio Rank
BTCX-B.TO Calmar Ratio Rank: 22
Calmar Ratio Rank
BTCX-B.TO Martin Ratio Rank: 33
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SOLQ.TO vs. BTCX-B.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 3iQ Solana Staking ETF (SOLQ.TO) and CI Galaxy Bitcoin ETF C$ Unhedged Series Units (BTCX-B.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.


SOLQ.TOBTCX-B.TODifference
Sharpe ratioReturn per unit of total volatility

+0.32

Sortino ratioReturn per unit of downside risk

+0.66

Omega ratioGain probability vs. loss probability

0.91

0.84

+0.07

Calmar ratioReturn relative to maximum drawdown

-0.67

-0.83

+0.15

Martin ratioReturn relative to average drawdown

-0.98

-1.29

+0.31

SOLQ.TO vs. BTCX-B.TO - Sharpe Ratio Comparison

The current SOLQ.TO Sharpe Ratio is -0.68, which is higher than the BTCX-B.TO Sharpe Ratio of -1.00. The chart below compares the historical Sharpe Ratios of SOLQ.TO and BTCX-B.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.


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Drawdowns

SOLQ.TO vs. BTCX-B.TO - Drawdown Comparison

The maximum SOLQ.TO drawdown since its inception was -73.59%, roughly equal to the maximum BTCX-B.TO drawdown of -75.26%. Use the drawdown chart below to compare losses from any high point for SOLQ.TO and BTCX-B.TO.


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Drawdown Indicators


SOLQ.TOBTCX-B.TODifference

Max Drawdown

Largest peak-to-trough decline

-73.59%

-75.26%

+1.67%

Max Drawdown (1Y)

Largest decline over 1 year

-73.59%

-52.71%

-20.88%

Max Drawdown (3Y)

Largest decline over 3 years

-52.71%

Max Drawdown (5Y)

Largest decline over 5 years

-75.26%

Current Drawdown

Current decline from peak

-67.55%

-48.22%

-19.33%

Average Drawdown

Average peak-to-trough decline

-37.30%

-33.29%

-4.01%

Ulcer Index

Depth and duration of drawdowns from previous peaks

50.13%

33.62%

+16.51%

Volatility

SOLQ.TO vs. BTCX-B.TO - Volatility Comparison

3iQ Solana Staking ETF (SOLQ.TO) has a higher volatility of 19.13% compared to CI Galaxy Bitcoin ETF C$ Unhedged Series Units (BTCX-B.TO) at 10.37%. This indicates that SOLQ.TO's price experiences larger fluctuations and is considered to be riskier than BTCX-B.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


SOLQ.TOBTCX-B.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

19.13%

10.37%

+8.76%

Volatility (6M)

Calculated over the trailing 6-month period

51.32%

33.94%

+17.38%

Volatility (1Y)

Calculated over the trailing 1-year period

73.16%

43.75%

+29.41%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

71.18%

53.35%

+17.83%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

71.18%

54.71%

+16.47%

Dividends

SOLQ.TO vs. BTCX-B.TO - Dividend Comparison

Neither SOLQ.TO nor BTCX-B.TO has paid dividends to shareholders.


Tickers have no history of dividend payments

Frequently Asked Questions


SOLQ.TO and BTCX-B.TO have a correlation of 0.87, 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: 3iQ and CI Global Asset Management.

Portfolio Optimizer

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