SOLQ.TO vs. ETC.TO

Last updated Jul 18, 2026

SOLQ.TO (3iQ Solana Staking ETF) and ETC.TO (Evolve Cryptocurrencies ETF) are both Cryptocurrency funds. Both are actively managed. Over the past year, SOLQ.TO returned -54.24% vs -48.17% for ETC.TO. Their correlation of 0.87 suggests significant overlap in exposure.

Performance

SOLQ.TO vs. ETC.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in 3iQ Solana Staking ETF (SOLQ.TO) and Evolve Cryptocurrencies ETF (ETC.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SOLQ.TO achieves a -36.99% return, which is significantly lower than ETC.TO's -28.30% return.

SOLQ.TO

• 1D: -1.04%
• 1M: 4.51%
• 6M: -46.77%
• YTD: -36.99%
• 1Y: -54.24%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ETC.TO

• 1D: -0.89%
• 1M: 0.08%
• 6M: -35.47%
• YTD: -28.30%
• 1Y: -48.17%
• 3Y*: 22.27%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SOLQ.TO vs. ETC.TO - Yearly Performance Comparison

	2026 (YTD)	2025
SOLQ.TO 3iQ Solana Staking ETF	-36.99%	-1.38%
ETC.TO Evolve Cryptocurrencies ETF	-28.30%	7.90%

Correlation

The correlation between SOLQ.TO and ETC.TO is 0.88, 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	0.88
Correlation (All Time) Calculated using the full available price history since Apr 16, 2025	0.87

The correlation between SOLQ.TO and ETC.TO has been stable across timeframes, ranging from 0.87 to 0.88 - a consistent structural relationship.

Return for Risk

SOLQ.TO vs. ETC.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: 4
SOLQ.TO Sharpe Ratio Rank: 3
SOLQ.TO Sortino Ratio Rank: 4
SOLQ.TO Omega Ratio Rank: 4
SOLQ.TO Calmar Ratio Rank: 3
SOLQ.TO Martin Ratio Rank: 4

ETC.TO

ETC.TO Risk / Return Rank: 2
ETC.TO Sharpe Ratio Rank: 2
ETC.TO Sortino Ratio Rank: 2
ETC.TO Omega Ratio Rank: 2
ETC.TO Calmar Ratio Rank: 2
ETC.TO Martin Ratio Rank: 2

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. ETC.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 3iQ Solana Staking ETF (SOLQ.TO) and Evolve Cryptocurrencies ETF (ETC.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.TO	ETC.TO	Difference
Sharpe ratio: Return per unit of total volatility	-0.75	-1.00	+0.25
Sortino ratio: Return per unit of downside risk	-1.02	-1.55	+0.53
Omega ratio: Gain probability vs. loss probability	0.89	0.83	+0.06
Calmar ratio: Return relative to maximum drawdown	-0.74	-0.85	+0.11
Martin ratio: Return relative to average drawdown	-1.08	-1.32	+0.24

SOLQ.TO vs. ETC.TO - Sharpe Ratio Comparison

The current SOLQ.TO Sharpe Ratio is -0.75, which is comparable to the ETC.TO Sharpe Ratio of -1.00. The chart below compares the historical Sharpe Ratios of SOLQ.TO and ETC.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.

Drawdowns

SOLQ.TO vs. ETC.TO - Drawdown Comparison

The maximum SOLQ.TO drawdown since its inception was -73.59%, roughly equal to the maximum ETC.TO drawdown of -75.66%. Use the drawdown chart below to compare losses from any high point for SOLQ.TO and ETC.TO.

Drawdown Indicators

	SOLQ.TO	ETC.TO	Difference
Max Drawdown Largest peak-to-trough decline	-73.59%	-75.66%	+2.07%
Max Drawdown (1Y) Largest decline over 1 year	-73.59%	-56.51%	-17.08%
Max Drawdown (3Y) Largest decline over 3 years	—	-56.51%	—
Current Drawdown Current decline from peak	-68.43%	-52.77%	-15.66%
Average Drawdown Average peak-to-trough decline	-37.50%	-35.85%	-1.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	50.50%	36.65%	+13.85%

Volatility

SOLQ.TO vs. ETC.TO - Volatility Comparison

3iQ Solana Staking ETF (SOLQ.TO) has a higher volatility of 18.98% compared to Evolve Cryptocurrencies ETF (ETC.TO) at 11.49%. This indicates that SOLQ.TO's price experiences larger fluctuations and is considered to be riskier than ETC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SOLQ.TO	ETC.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.98%	11.49%	+7.49%
Volatility (6M) Calculated over the trailing 6-month period	51.12%	36.82%	+14.30%
Volatility (1Y) Calculated over the trailing 1-year period	72.62%	48.18%	+24.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	70.98%	54.01%	+16.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	70.98%	54.01%	+16.97%

Dividends

SOLQ.TO vs. ETC.TO - Dividend Comparison

SOLQ.TO has not paid dividends to shareholders, while ETC.TO's dividend yield for the trailing twelve months is around 0.82%.

Position	TTM	2025	2024
ETC.TO Evolve Cryptocurrencies ETF	0.82%	0.58%	0.05%
SOLQ.TO 3iQ Solana Staking ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SOLQ.TO and ETC.TO in my portfolio?

SOLQ.TO and ETC.TO have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between SOLQ.TO and ETC.TO?

They also come from different issuers: 3iQ and Evolve.