SOLT vs. BITX

Last updated Aug 5, 2026

SOLT (2x Solana ETF) and BITX (2x Bitcoin Strategy ETF) are both exchange-traded funds - SOLT is a Blockchain fund actively managed by Volatility Shares, while BITX is a Cryptocurrency fund tracking the S&P CME Bitcoin Futures Daily Roll Index (200%). SOLT is actively managed, while BITX is passively managed. Over the past year, SOLT returned -90.29% vs -77.67% for BITX. Their correlation of 0.87 means they have usually moved in the same direction. SOLT charges 1.85%/yr vs 2.38%/yr for BITX.

Performance

SOLT vs. BITX - Performance Comparison

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

Returns By Period

In the year-to-date period, SOLT achieves a -74.74% return, which is significantly lower than BITX's -55.86% return.

SOLT

• 1D: 0.25%
• 1M: -17.31%
• 6M: -59.46%
• YTD: -74.74%
• 1Y: -90.29%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -79.62%

BITX

• 1D: 1.33%
• 1M: 7.54%
• 6M: -40.22%
• YTD: -55.86%
• 1Y: -77.67%
• 3Y*: 7.27%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 1.32%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BITX 2x Bitcoin Strategy ETF	$86.64M	$96.04M	$116.27M
SOLT 2x Solana ETF	$8.18M	$11.07M	$16.04M

SOLT vs. BITX - Yearly Performance Comparison

	2026 (YTD)	2025
SOLT 2x Solana ETF	-74.74%	-55.52%
BITX 2x Bitcoin Strategy ETF	-55.86%	-19.24%

Correlation

The correlation between SOLT and BITX is 0.89, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.89
Correlation (All Time) Calculated using the full available price history since Mar 20, 2025	0.87

The correlation between SOLT and BITX has been stable across timeframes, ranging from 0.87 to 0.89 - a consistent structural relationship.

Return for Risk

SOLT vs. BITX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SOLT

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

BITX

BITX Risk / Return Rank: 2
BITX Sharpe Ratio Rank: 2
BITX Sortino Ratio Rank: 1
BITX Omega Ratio Rank: 1
BITX Calmar Ratio Rank: 1
BITX Martin Ratio Rank: 2

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SOLT vs. BITX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 2x Solana ETF (SOLT) and 2x Bitcoin Strategy ETF (BITX). 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.

	SOLT	BITX	Difference
Sharpe ratio: Return per unit of total volatility	-0.62	-0.88	+0.26
Sortino ratio: Return per unit of downside risk	-1.21	-1.67	+0.46
Omega ratio: Gain probability vs. loss probability	0.87	0.82	+0.05
Calmar ratio: Return relative to maximum drawdown	-0.94	-0.93	-0.01
Martin ratio: Return relative to average drawdown	-1.16	-1.30	+0.13

SOLT vs. BITX - Sharpe Ratio Comparison

The current SOLT Sharpe Ratio is -0.62, which is comparable to the BITX Sharpe Ratio of -0.88. The chart below compares the historical Sharpe Ratios of SOLT and BITX, 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

SOLT vs. BITX - Drawdown Comparison

The maximum SOLT drawdown since its inception was -96.28%, which is greater than BITX's maximum drawdown of -83.45%. Use the drawdown chart below to compare losses from any high point for SOLT and BITX.

Drawdown Indicators

	SOLT	BITX	Difference
Max Drawdown Largest peak-to-trough decline	-96.28%	-83.45%	-12.83%
Max Drawdown (1Y) Largest decline over 1 year	-96.28%	-83.45%	-12.83%
Max Drawdown (3Y) Largest decline over 3 years	—	-83.45%	—
Current Drawdown Current decline from peak	-95.23%	-80.49%	-14.74%
Average Drawdown Average peak-to-trough decline	-58.29%	-34.31%	-23.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	77.45%	59.87%	+17.58%

Volatility

SOLT vs. BITX - Volatility Comparison

2x Solana ETF (SOLT) has a higher volatility of 21.16% compared to 2x Bitcoin Strategy ETF (BITX) at 16.15%. This indicates that SOLT's price experiences larger fluctuations and is considered to be riskier than BITX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SOLT	BITX	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.16%	16.15%	+5.01%
Volatility (6M) Calculated over the trailing 6-month period	98.76%	66.28%	+32.48%
Volatility (1Y) Calculated over the trailing 1-year period	145.02%	88.06%	+56.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	148.50%	97.08%	+51.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	148.50%	97.08%	+51.42%

SOLT vs. BITX - Expense Ratio Comparison

SOLT has a 1.85% expense ratio, which is lower than BITX's 2.38% expense ratio.

Dividends

SOLT vs. BITX - Dividend Comparison

SOLT's dividend yield for the trailing twelve months is around 5.64%, less than BITX's 26.77% yield.

Position	TTM	2025	2024
BITX 2x Bitcoin Strategy ETF	26.77%	21.69%	10.70%
SOLT 2x Solana ETF	5.64%	1.22%	0.00%

Frequently Asked Questions

Can I hold both SOLT and BITX in my portfolio?

SOLT and BITX have a correlation of 0.89, 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 BITX?

SOLT has higher volatility (21.16%) compared to BITX (16.15%). In terms of maximum drawdown, SOLT dropped -96.28% vs BITX's -83.45%.

Which ETF is better, SOLT or BITX?

On 1-year performance, BITX leads with -77.67% vs -90.29% for SOLT. On fees, SOLT is cheaper at 1.85% per year. On volatility, BITX has been the lower-risk option at 16.15%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SOLT or BITX?

Over the 1-year period, BITX has performed better with a -77.67% return vs -90.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SOLT or BITX?

SOLT is cheaper with a 1.85% expense ratio, compared with 2.38% for BITX.

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

BITX has the higher dividend yield at 26.77%, compared with 5.64% for SOLT.

What is the main difference between SOLT and BITX?

SOLT is categorized as Blockchain, while BITX is Cryptocurrency. Their fees differ too: 1.85% for SOLT and 2.38% for BITX.

Which has better risk-adjusted returns?

SOLT currently has the higher Sharpe Ratio (-0.62 vs -0.88), 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.