SOLT vs. ETHU

Last updated Jun 24, 2026

SOLT (2x Solana ETF) and ETHU (Volatility Shares 2x Ether ETF) are both exchange-traded funds - SOLT is a Blockchain fund actively managed by Volatility Shares, while ETHU is a Leveraged Cryptocurrency fund actively managed by Volatility Shares. Both are actively managed. Over the past year, SOLT returned -89.02% vs -73.33% for ETHU. Their correlation of 0.87 suggests significant overlap in exposure. SOLT charges 1.85%/yr vs 2.67%/yr for ETHU.

Performance

SOLT vs. ETHU - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with SOLT having a -77.47% return and ETHU slightly higher at -76.57%.

SOLT

• 1D: -10.71%
• 1M: -37.12%
• YTD: -77.47%
• 6M: -77.71%
• 1Y: -89.02%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ETHU

• 1D: -8.34%
• 1M: -38.44%
• YTD: -76.57%
• 6M: -76.68%
• 1Y: -73.33%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SOLT vs. ETHU - Yearly Performance Comparison

	2026 (YTD)	2025
SOLT 2x Solana ETF	-77.47%	-55.52%
ETHU Volatility Shares 2x Ether ETF	-76.57%	19.37%

Correlation

The correlation between SOLT and ETHU is 0.88, 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	0.88
Correlation (All Time) Calculated using the full available price history since Mar 20, 2025	0.87

The correlation between SOLT and ETHU has been stable across timeframes, ranging from 0.87 to 0.88 - a consistent structural relationship.

Return for Risk

SOLT vs. ETHU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments 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

ETHU

ETHU Risk / Return Rank: 4
ETHU Sharpe Ratio Rank: 5
ETHU Sortino Ratio Rank: 5
ETHU Omega Ratio Rank: 6
ETHU Calmar Ratio Rank: 2
ETHU Martin Ratio Rank: 4

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. ETHU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 2x Solana ETF (SOLT) and Volatility Shares 2x Ether ETF (ETHU). 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	ETHU	Difference
Sharpe ratio: Return per unit of total volatility	-0.60	-0.53	-0.07
Sortino ratio: Return per unit of downside risk	-1.04	-0.37	-0.67
Omega ratio: Gain probability vs. loss probability	0.89	0.96	-0.07
Calmar ratio: Return relative to maximum drawdown	-0.93	-0.78	-0.14
Martin ratio: Return relative to average drawdown	-1.26	-1.12	-0.14

SOLT vs. ETHU - Sharpe Ratio Comparison

The current SOLT Sharpe Ratio is -0.60, which is comparable to the ETHU Sharpe Ratio of -0.53. The chart below compares the historical Sharpe Ratios of SOLT and ETHU, 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. ETHU - Drawdown Comparison

The maximum SOLT drawdown since its inception was -96.28%, roughly equal to the maximum ETHU drawdown of -96.27%. Use the drawdown chart below to compare losses from any high point for SOLT and ETHU.

Drawdown Indicators

	SOLT	ETHU	Difference
Max Drawdown Largest peak-to-trough decline	-96.28%	-96.27%	-0.01%
Max Drawdown (1Y) Largest decline over 1 year	-96.28%	-93.66%	-2.62%
Current Drawdown Current decline from peak	-95.74%	-95.94%	+0.20%
Average Drawdown Average peak-to-trough decline	-54.92%	-69.93%	+15.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	70.78%	65.51%	+5.27%

Volatility

SOLT vs. ETHU - Volatility Comparison

2x Solana ETF (SOLT) has a higher volatility of 43.69% compared to Volatility Shares 2x Ether ETF (ETHU) at 39.76%. This indicates that SOLT's price experiences larger fluctuations and is considered to be riskier than ETHU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SOLT	ETHU	Difference
Volatility (1M) Calculated over the trailing 1-month period	43.69%	39.76%	+3.93%
Volatility (6M) Calculated over the trailing 6-month period	104.76%	95.70%	+9.06%
Volatility (1Y) Calculated over the trailing 1-year period	148.24%	138.92%	+9.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	151.89%	143.29%	+8.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	151.89%	143.29%	+8.60%

SOLT vs. ETHU - Expense Ratio Comparison

SOLT has a 1.85% expense ratio, which is lower than ETHU's 2.67% expense ratio.

Dividends

SOLT vs. ETHU - Dividend Comparison

SOLT's dividend yield for the trailing twelve months is around 6.91%, more than ETHU's 6.26% yield.

Position	TTM	2025	2024
ETHU Volatility Shares 2x Ether ETF	6.26%	2.31%	0.41%
SOLT 2x Solana ETF	6.91%	1.22%	0.00%

Frequently Asked Questions

Can I hold both SOLT and ETHU in my portfolio?

SOLT and ETHU have a correlation of 0.88, 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 ETHU?

SOLT has higher volatility (43.69%) compared to ETHU (39.76%). In terms of maximum drawdown, SOLT dropped -96.28% vs ETHU's -96.27%.

Which ETF is better, SOLT or ETHU?

On 1-year performance, ETHU leads with -73.33% vs -89.02% for SOLT. On fees, SOLT is cheaper at 1.85% per year. On volatility, ETHU has been the lower-risk option at 39.76%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SOLT or ETHU?

Over the 1-year period, ETHU has performed better with a -73.33% return vs -89.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SOLT or ETHU?

SOLT is cheaper with a 1.85% expense ratio, compared with 2.67% for ETHU.

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

SOLT has the higher dividend yield at 6.91%, compared with 6.26% for ETHU.

What is the main difference between SOLT and ETHU?

SOLT is categorized as Blockchain, while ETHU is Leveraged Cryptocurrency. Their fees differ too: 1.85% for SOLT and 2.67% for ETHU.

Which has better risk-adjusted returns?

ETHU currently has the higher Sharpe Ratio (-0.53 vs -0.60), 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.