SOLQ.TO vs. ETHY-U.TO
SOLQ.TO (3iQ Solana Staking ETF) and ETHY-U.TO (Purpose Ether Yield ETF USD Non-Currency Hedged Units) are both Cryptocurrency funds. Both are actively managed. Over the past year, SOLQ.TO returned -49.19% vs -42.01% for ETHY-U.TO. A 0.55 correlation means they provide meaningful diversification when combined.
Performance
SOLQ.TO vs. ETHY-U.TO - Performance Comparison
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Different Trading Currencies
SOLQ.TO is traded in CAD, while ETHY-U.TO is traded in USD. To make them comparable, the ETHY-U.TO values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, SOLQ.TO achieves a -35.22% return, which is significantly higher than ETHY-U.TO's -39.45% return.
SOLQ.TO
- 1D
- -0.23%
- 1M
- 3.04%
- 6M
- -46.18%
- YTD
- -35.22%
- 1Y
- -49.19%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETHY-U.TO
- 1D
- 0.81%
- 1M
- 5.90%
- 6M
- -46.61%
- YTD
- -39.45%
- 1Y
- -42.01%
- 3Y*
- -11.14%
- 5Y*
- —
- 10Y*
- —
SOLQ.TO vs. ETHY-U.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SOLQ.TO 3iQ Solana Staking ETF | -35.22% | -1.38% |
ETHY-U.TO Purpose Ether Yield ETF USD Non-Currency Hedged Units | -39.45% | 72.47% |
Correlation
The correlation between SOLQ.TO and ETHY-U.TO is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2025 | 0.55 |
The correlation between SOLQ.TO and ETHY-U.TO has been stable across timeframes, ranging from 0.55 to 0.65 - a consistent structural relationship.
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Return for Risk
SOLQ.TO vs. ETHY-U.TO — Risk / Return Rank
SOLQ.TO
ETHY-U.TO
SOLQ.TO vs. ETHY-U.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 3iQ Solana Staking ETF (SOLQ.TO) and Purpose Ether Yield ETF USD Non-Currency Hedged Units (ETHY-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 | ETHY-U.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.36 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 0.95 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.67 | -0.60 | -0.07 |
| Martin ratioReturn relative to average drawdown | -0.98 | -0.95 | -0.03 |
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Drawdowns
SOLQ.TO vs. ETHY-U.TO - Drawdown Comparison
The maximum SOLQ.TO drawdown since its inception was -73.59%, smaller than the maximum ETHY-U.TO drawdown of -81.32%. Use the drawdown chart below to compare losses from any high point for SOLQ.TO and ETHY-U.TO.
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Drawdown Indicators
| SOLQ.TO | ETHY-U.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.59% | -81.32% | +7.73% |
Max Drawdown (1Y)Largest decline over 1 year | -73.59% | -70.17% | -3.42% |
Max Drawdown (3Y)Largest decline over 3 years | — | -70.17% | — |
Current DrawdownCurrent decline from peak | -67.55% | -76.11% | +8.56% |
Average DrawdownAverage peak-to-trough decline | -37.30% | -60.30% | +23.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 50.13% | 44.08% | +6.05% |
Volatility
SOLQ.TO vs. ETHY-U.TO - Volatility Comparison
The current volatility for 3iQ Solana Staking ETF (SOLQ.TO) is 19.13%, while Purpose Ether Yield ETF USD Non-Currency Hedged Units (ETHY-U.TO) has a volatility of 31.17%. This indicates that SOLQ.TO experiences smaller price fluctuations and is considered to be less risky than ETHY-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 | ETHY-U.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.13% | 31.17% | -12.04% |
Volatility (6M)Calculated over the trailing 6-month period | 51.32% | 62.05% | -10.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 73.16% | 78.12% | -4.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.18% | 68.77% | +2.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.18% | 68.77% | +2.41% |
Dividends
SOLQ.TO vs. ETHY-U.TO - Dividend Comparison
SOLQ.TO has not paid dividends to shareholders, while ETHY-U.TO's dividend yield for the trailing twelve months is around 40.75%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
ETHY-U.TO Purpose Ether Yield ETF USD Non-Currency Hedged Units | 40.75% | 18.89% | 3.10% |
SOLQ.TO 3iQ Solana Staking ETF | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SOLQ.TO and ETHY-U.TO have a correlation of 0.65, 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 Purpose.
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