SOLQ.TO vs. ETHR.TO
SOLQ.TO (3iQ Solana Staking ETF) and ETHR.TO (Evolve Ether ETF CAD Unhedged Units) are both Cryptocurrency funds. SOLQ.TO is actively managed, while ETHR.TO is passively managed. Over the past year, SOLQ.TO returned -49.19% vs -36.86% for ETHR.TO. Their correlation of 0.85 suggests significant overlap in exposure.
Performance
SOLQ.TO vs. ETHR.TO - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with SOLQ.TO having a -35.22% return and ETHR.TO slightly higher at -34.72%.
SOLQ.TO
- 1D
- -0.23%
- 1M
- 3.04%
- 6M
- -46.18%
- YTD
- -35.22%
- 1Y
- -49.19%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETHR.TO
- 1D
- 1.85%
- 1M
- 5.38%
- 6M
- -43.28%
- YTD
- -34.72%
- 1Y
- -36.86%
- 3Y*
- 0.00%
- 5Y*
- 0.25%
- 10Y*
- —
SOLQ.TO vs. ETHR.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SOLQ.TO 3iQ Solana Staking ETF | -35.22% | -1.38% |
ETHR.TO Evolve Ether ETF CAD Unhedged Units | -34.72% | 78.94% |
Correlation
The correlation between SOLQ.TO and ETHR.TO is 0.86, 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 | 0.86 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2025 | 0.85 |
The correlation between SOLQ.TO and ETHR.TO has been stable across timeframes, ranging from 0.85 to 0.86 - a consistent structural relationship.
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Return for Risk
SOLQ.TO vs. ETHR.TO — Risk / Return Rank
SOLQ.TO
ETHR.TO
SOLQ.TO vs. ETHR.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 3iQ Solana Staking ETF (SOLQ.TO) and Evolve Ether ETF CAD Unhedged Units (ETHR.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 | ETHR.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.31 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 0.94 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.67 | -0.55 | -0.13 |
| Martin ratioReturn relative to average drawdown | -0.98 | -0.84 | -0.14 |
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Drawdowns
SOLQ.TO vs. ETHR.TO - Drawdown Comparison
The maximum SOLQ.TO drawdown since its inception was -73.59%, smaller than the maximum ETHR.TO drawdown of -78.36%. Use the drawdown chart below to compare losses from any high point for SOLQ.TO and ETHR.TO.
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Drawdown Indicators
| SOLQ.TO | ETHR.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.59% | -78.36% | +4.77% |
Max Drawdown (1Y)Largest decline over 1 year | -73.59% | -67.67% | -5.92% |
Max Drawdown (3Y)Largest decline over 3 years | — | -67.67% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -78.36% | — |
Current DrawdownCurrent decline from peak | -67.55% | -60.45% | -7.10% |
Average DrawdownAverage peak-to-trough decline | -37.30% | -43.90% | +6.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 50.13% | 43.83% | +6.30% |
Volatility
SOLQ.TO vs. ETHR.TO - Volatility Comparison
3iQ Solana Staking ETF (SOLQ.TO) has a higher volatility of 19.13% compared to Evolve Ether ETF CAD Unhedged Units (ETHR.TO) at 14.29%. This indicates that SOLQ.TO's price experiences larger fluctuations and is considered to be riskier than ETHR.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.TO | ETHR.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.13% | 14.29% | +4.84% |
Volatility (6M)Calculated over the trailing 6-month period | 51.32% | 46.47% | +4.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 73.16% | 67.05% | +6.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.18% | 68.75% | +2.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.18% | 71.60% | -0.42% |
Dividends
SOLQ.TO vs. ETHR.TO - Dividend Comparison
Neither SOLQ.TO nor ETHR.TO has paid dividends to shareholders.
Frequently Asked Questions
SOLQ.TO and ETHR.TO have a correlation of 0.86, 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 Evolve.
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