SOLT vs. BKCH

Last updated Aug 5, 2026

SOLT (2x Solana ETF) and BKCH (Global X Blockchain ETF) are both Blockchain funds. SOLT is actively managed, while BKCH is passively managed. Over the past year, SOLT returned -90.29% vs 23.59% for BKCH. Their 0.59 correlation means they have sometimes moved together and sometimes differently. SOLT charges 1.85%/yr vs 0.50%/yr for BKCH.

Performance

SOLT vs. BKCH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in 2x Solana ETF (SOLT) and Global X Blockchain ETF (BKCH). 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 BKCH's 6.75% return.

SOLT

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

BKCH

• 1D: 0.21%
• 1M: -0.67%
• 6M: -3.07%
• YTD: 6.75%
• 1Y: 23.59%
• 3Y*: 30.82%
• 5Y*: -5.83%
• 10Y*: —
• ALL TIME*: -3.79%

*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)
BKCH Global X Blockchain ETF	$2.64M	$3.41M	$7.65M
SOLT 2x Solana ETF	$8.18M	$11.07M	$16.04M

SOLT vs. BKCH - Yearly Performance Comparison

	2026 (YTD)	2025
SOLT 2x Solana ETF	-74.74%	-55.52%
BKCH Global X Blockchain ETF	6.75%	72.35%

Correlation

The correlation between SOLT and BKCH is 0.59, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.59
Correlation (All Time) Calculated using the full available price history since Mar 20, 2025	0.59

The correlation between SOLT and BKCH has been stable across timeframes, ranging from 0.59 to 0.59 - a consistent structural relationship.

Return for Risk

SOLT vs. BKCH — 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

BKCH

BKCH Risk / Return Rank: 19
BKCH Sharpe Ratio Rank: 17
BKCH Sortino Ratio Rank: 24
BKCH Omega Ratio Rank: 23
BKCH Calmar Ratio Rank: 17
BKCH Martin Ratio Rank: 15

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. BKCH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 2x Solana ETF (SOLT) and Global X Blockchain ETF (BKCH). 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	BKCH	Difference
Sharpe ratio: Return per unit of total volatility	-0.62	0.32	-0.95
Sortino ratio: Return per unit of downside risk	-1.21	0.97	-2.19
Omega ratio: Gain probability vs. loss probability	0.87	1.11	-0.24
Calmar ratio: Return relative to maximum drawdown	-0.94	0.42	-1.36
Martin ratio: Return relative to average drawdown	-1.16	0.70	-1.86

SOLT vs. BKCH - Sharpe Ratio Comparison

The current SOLT Sharpe Ratio is -0.62, which is lower than the BKCH Sharpe Ratio of 0.32. The chart below compares the historical Sharpe Ratios of SOLT and BKCH, 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. BKCH - Drawdown Comparison

The maximum SOLT drawdown since its inception was -96.28%, roughly equal to the maximum BKCH drawdown of -91.80%. Use the drawdown chart below to compare losses from any high point for SOLT and BKCH.

Drawdown Indicators

	SOLT	BKCH	Difference
Max Drawdown Largest peak-to-trough decline	-96.28%	-91.80%	-4.48%
Max Drawdown (1Y) Largest decline over 1 year	-96.28%	-56.28%	-40.00%
Max Drawdown (3Y) Largest decline over 3 years	—	-57.99%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-91.80%	—
Current Drawdown Current decline from peak	-95.23%	-48.82%	-46.41%
Average Drawdown Average peak-to-trough decline	-58.29%	-61.52%	+3.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	77.45%	33.88%	+43.57%

Volatility

SOLT vs. BKCH - Volatility Comparison

The current volatility for 2x Solana ETF (SOLT) is 21.16%, while Global X Blockchain ETF (BKCH) has a volatility of 25.51%. This indicates that SOLT experiences smaller price fluctuations and is considered to be less risky than BKCH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SOLT	BKCH	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.16%	25.51%	-4.35%
Volatility (6M) Calculated over the trailing 6-month period	98.76%	53.54%	+45.22%
Volatility (1Y) Calculated over the trailing 1-year period	145.02%	73.14%	+71.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	148.50%	75.43%	+73.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	148.50%	75.58%	+72.92%

SOLT vs. BKCH - Expense Ratio Comparison

SOLT has a 1.85% expense ratio, which is higher than BKCH's 0.50% expense ratio.

Dividends

SOLT vs. BKCH - Dividend Comparison

SOLT's dividend yield for the trailing twelve months is around 5.64%, more than BKCH's 1.79% yield.

Position	TTM	2025	2024	2023	2022	2021
BKCH Global X Blockchain ETF	1.79%	2.00%	7.61%	2.33%	1.29%	4.28%
SOLT 2x Solana ETF	5.64%	1.22%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SOLT and BKCH in my portfolio?

SOLT and BKCH have a correlation of 0.59, 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 BKCH?

BKCH has higher volatility (25.51%) compared to SOLT (21.16%). In terms of maximum drawdown, SOLT dropped -96.28% vs BKCH's -91.80%.

Which ETF is better, SOLT or BKCH?

On 1-year performance, BKCH leads with 23.59% vs -90.29% for SOLT. On fees, BKCH is cheaper at 0.50% per year. On volatility, SOLT has been the lower-risk option at 21.16%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SOLT or BKCH?

Over the 1-year period, BKCH has performed better with a 23.59% 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 BKCH?

BKCH is cheaper with a 0.50% expense ratio, compared with 1.85% for SOLT.

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

SOLT has the higher dividend yield at 5.64%, compared with 1.79% for BKCH.

What is the main difference between SOLT and BKCH?

They also come from different issuers: Volatility Shares and Global X. Their fees differ too: 1.85% for SOLT and 0.50% for BKCH.

Which has better risk-adjusted returns?

BKCH currently has the higher Sharpe Ratio (0.32 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.