SOLQ.TO vs. ETHX-U.TO
SOLQ.TO (3iQ Solana Staking ETF) and ETHX-U.TO (CI Galaxy Ethereum ETF (US$ Series)) are both Cryptocurrency funds. Both are actively managed. Over the past year, SOLQ.TO returned -49.19% vs -35.40% for ETHX-U.TO. Their correlation of 0.84 suggests significant overlap in exposure.
Performance
SOLQ.TO vs. ETHX-U.TO - Performance Comparison
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Different Trading Currencies
SOLQ.TO is traded in CAD, while ETHX-U.TO is traded in USD. To make them comparable, the ETHX-U.TO values have been converted to CAD using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with SOLQ.TO having a -35.22% return and ETHX-U.TO slightly higher at -33.54%.
SOLQ.TO
- 1D
- -0.23%
- 1M
- 3.04%
- 6M
- -46.18%
- YTD
- -35.22%
- 1Y
- -49.19%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETHX-U.TO
- 1D
- 1.93%
- 1M
- 6.35%
- 6M
- -42.48%
- YTD
- -33.54%
- 1Y
- -35.40%
- 3Y*
- 1.86%
- 5Y*
- 1.63%
- 10Y*
- —
SOLQ.TO vs. ETHX-U.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SOLQ.TO 3iQ Solana Staking ETF | -35.22% | -1.38% |
ETHX-U.TO CI Galaxy Ethereum ETF (US$ Series) | -33.54% | 80.63% |
Correlation
The correlation between SOLQ.TO and ETHX-U.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 | 0.84 |
The correlation between SOLQ.TO and ETHX-U.TO has been stable across timeframes, ranging from 0.84 to 0.86 - a consistent structural relationship.
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Return for Risk
SOLQ.TO vs. ETHX-U.TO — Risk / Return Rank
SOLQ.TO
ETHX-U.TO
SOLQ.TO vs. ETHX-U.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 Ethereum ETF (US$ Series) (ETHX-U.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 | ETHX-U.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.37 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 0.95 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.67 | -0.52 | -0.15 |
| Martin ratioReturn relative to average drawdown | -0.98 | -0.81 | -0.18 |
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Drawdowns
SOLQ.TO vs. ETHX-U.TO - Drawdown Comparison
The maximum SOLQ.TO drawdown since its inception was -73.59%, smaller than the maximum ETHX-U.TO drawdown of -78.30%. Use the drawdown chart below to compare losses from any high point for SOLQ.TO and ETHX-U.TO.
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Drawdown Indicators
| SOLQ.TO | ETHX-U.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.59% | -78.30% | +4.71% |
Max Drawdown (1Y)Largest decline over 1 year | -73.59% | -67.75% | -5.84% |
Max Drawdown (3Y)Largest decline over 3 years | — | -67.75% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -78.30% | — |
Current DrawdownCurrent decline from peak | -67.55% | -60.02% | -7.53% |
Average DrawdownAverage peak-to-trough decline | -37.30% | -43.12% | +5.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 50.13% | 44.00% | +6.13% |
Volatility
SOLQ.TO vs. ETHX-U.TO - Volatility Comparison
3iQ Solana Staking ETF (SOLQ.TO) has a higher volatility of 19.13% compared to CI Galaxy Ethereum ETF (US$ Series) (ETHX-U.TO) at 14.91%. This indicates that SOLQ.TO's price experiences larger fluctuations and is considered to be riskier than ETHX-U.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 | ETHX-U.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.13% | 14.91% | +4.22% |
Volatility (6M)Calculated over the trailing 6-month period | 51.32% | 46.53% | +4.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 73.16% | 68.12% | +5.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.18% | 71.15% | +0.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.18% | 74.02% | -2.84% |
Dividends
SOLQ.TO vs. ETHX-U.TO - Dividend Comparison
Neither SOLQ.TO nor ETHX-U.TO has paid dividends to shareholders.
Frequently Asked Questions
SOLQ.TO and ETHX-U.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 CI.
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