SOLT vs. BITQ

Last updated Jun 4, 2026

SOLT (2x Solana ETF) and BITQ (Bitwise Crypto Industry Innovators ETF) are both exchange-traded funds - SOLT is a Blockchain fund actively managed by Volatility Shares, while BITQ is a Technology Equities fund tracking the Bitwise Crypto Innovators 30 Total Return. SOLT is actively managed, while BITQ is passively managed. Over the past year, SOLT returned -90.96% vs 60.30% for BITQ. A 0.60 correlation means they provide meaningful diversification when combined. SOLT charges 1.85%/yr vs 0.85%/yr for BITQ.

Performance

SOLT vs. BITQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in 2x Solana ETF (SOLT) and Bitwise Crypto Industry Innovators ETF (BITQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SOLT achieves a -74.43% return, which is significantly lower than BITQ's 39.79% return.

SOLT

• 1D: -9.55%
• 1M: -30.13%
• YTD: -74.43%
• 6M: -81.02%
• 1Y: -90.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BITQ

• 1D: -2.21%
• 1M: 11.04%
• YTD: 39.79%
• 6M: 21.39%
• 1Y: 60.30%
• 3Y*: 58.56%
• 5Y*: 5.19%
• 10Y*: —

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

SOLT vs. BITQ - Yearly Performance Comparison

	2026 (YTD)	2025
SOLT 2x Solana ETF	-74.43%	-53.74%
BITQ Bitwise Crypto Industry Innovators ETF	39.79%	46.22%

Correlation

The correlation between SOLT and BITQ is 0.60, 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	0.60
Correlation (All Time) Calculated using the full available price history since Mar 21, 2025	0.60

The correlation between SOLT and BITQ has been stable across timeframes, ranging from 0.60 to 0.60 - a consistent structural relationship.

Return for Risk

SOLT vs. BITQ — Risk / Return Rank

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

SOLT

SOLT Risk / Return Rank: 2
SOLT Sharpe Ratio Rank: 4
SOLT Sortino Ratio Rank: 2
SOLT Omega Ratio Rank: 3
SOLT Calmar Ratio Rank: 1
SOLT Martin Ratio Rank: 2

BITQ

BITQ Risk / Return Rank: 28
BITQ Sharpe Ratio Rank: 29
BITQ Sortino Ratio Rank: 31
BITQ Omega Ratio Rank: 29
BITQ Calmar Ratio Rank: 27
BITQ Martin Ratio Rank: 22

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.

SOLT vs. BITQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 2x Solana ETF (SOLT) and Bitwise Crypto Industry Innovators ETF (BITQ). 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.

	SOLT	BITQ	Difference
Sharpe ratio: Return per unit of total volatility	-0.62	1.08	-1.71
Sortino ratio: Return per unit of downside risk	-1.24	1.68	-2.92
Omega ratio: Gain probability vs. loss probability	0.87	1.20	-0.33
Calmar ratio: Return relative to maximum drawdown	-0.96	1.35	-2.30
Martin ratio: Return relative to average drawdown	-1.34	2.84	-4.18
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SOLT vs. BITQ - Sharpe Ratio Comparison

The current SOLT Sharpe Ratio is -0.62, which is lower than the BITQ Sharpe Ratio of 1.08. The chart below compares the historical Sharpe Ratios of SOLT and BITQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SOLT	BITQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.62	1.08	-1.71
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.08	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.55	0.07	-0.62

Drawdowns

SOLT vs. BITQ - Drawdown Comparison

The maximum SOLT drawdown since its inception was -95.17%, which is greater than BITQ's maximum drawdown of -90.32%. Use the drawdown chart below to compare losses from any high point for SOLT and BITQ.

Drawdown Indicators

	SOLT	BITQ	Difference
Max Drawdown Largest peak-to-trough decline	-95.17%	-90.32%	-4.85%
Max Drawdown (1Y) Largest decline over 1 year	-95.17%	-44.99%	-50.18%
Max Drawdown (3Y) Largest decline over 3 years	—	-51.22%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-90.32%	—
Current Drawdown Current decline from peak	-95.17%	-14.06%	-81.11%
Average Drawdown Average peak-to-trough decline	-53.33%	-52.80%	-0.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	67.62%	21.32%	+46.30%

Volatility

SOLT vs. BITQ - Volatility Comparison

2x Solana ETF (SOLT) has a higher volatility of 32.36% compared to Bitwise Crypto Industry Innovators ETF (BITQ) at 14.73%. This indicates that SOLT's price experiences larger fluctuations and is considered to be riskier than BITQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SOLT	BITQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	32.36%	14.73%	+17.63%
Volatility (6M) Calculated over the trailing 6-month period	102.45%	42.74%	+59.71%
Volatility (1Y) Calculated over the trailing 1-year period	146.88%	56.05%	+90.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	150.90%	67.17%	+83.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	150.90%	67.23%	+83.67%

SOLT vs. BITQ - Expense Ratio Comparison

SOLT has a 1.85% expense ratio, which is higher than BITQ's 0.85% expense ratio.

Dividends

SOLT vs. BITQ - Dividend Comparison

SOLT's dividend yield for the trailing twelve months is around 5.98%, while BITQ has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
BITQ Bitwise Crypto Industry Innovators ETF	0.00%	0.00%	0.90%	1.51%	0.00%	3.12%
SOLT 2x Solana ETF	5.98%	1.22%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SOLT and BITQ in my portfolio?

SOLT and BITQ have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SOLT or BITQ?

SOLT has higher volatility (32.36%) compared to BITQ (14.73%). In terms of maximum drawdown, SOLT dropped -95.17% vs BITQ's -90.32%.

Which ETF is better, SOLT or BITQ?

On 1-year performance, BITQ leads with 60.30% vs -90.96% for SOLT. On fees, BITQ is cheaper at 0.85% per year. On volatility, BITQ has been the lower-risk option at 14.73%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SOLT or BITQ?

Over the 1-year period, BITQ has performed better with a 60.30% return vs -90.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SOLT or BITQ?

BITQ is cheaper with a 0.85% expense ratio, compared with 1.85% for SOLT.

Which ETF pays a higher dividend yield, SOLT or BITQ?

SOLT has the higher dividend yield at 5.98%, compared with 0.00% for BITQ.

What is the main difference between SOLT and BITQ?

SOLT is categorized as Blockchain, while BITQ is Technology Equities. They also come from different issuers: Volatility Shares and Exchange Traded Concepts. Their fees differ too: 1.85% for SOLT and 0.85% for BITQ.

Which has better risk-adjusted returns?

BITQ currently has the higher Sharpe Ratio (1.08 vs -0.62), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.