SOLT vs. TOXR

Last updated Jun 4, 2026

SOLT (2x Solana ETF) and TOXR (21Shares XRP ETF) are both exchange-traded funds - SOLT is a Blockchain fund actively managed by Volatility Shares, while TOXR is a Cryptocurrency fund tracking the CME CF XRP-Dollar Reference Rate - New York Variant. SOLT is actively managed, while TOXR is passively managed. Their correlation of 0.89 suggests significant overlap in exposure. SOLT charges 1.85%/yr vs 0.30%/yr for TOXR.

Performance

SOLT vs. TOXR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in 2x Solana ETF (SOLT) and 21Shares XRP ETF (TOXR). 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 TOXR's -34.38% return.

SOLT

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

TOXR

• 1D: -1.62%
• 1M: -14.04%
• YTD: -34.38%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SOLT vs. TOXR - Yearly Performance Comparison

	2026 (YTD)	2025
SOLT 2x Solana ETF	-74.43%	-18.68%
TOXR 21Shares XRP ETF	-34.38%	-9.65%

Correlation

The correlation between SOLT and TOXR is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 12, 2025	0.89

Return for Risk

SOLT vs. TOXR — 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

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. TOXR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 2x Solana ETF (SOLT) and 21Shares XRP ETF (TOXR). 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	TOXR	Difference
Sharpe ratio: Return per unit of total volatility	-0.62	—	—
Sortino ratio: Return per unit of downside risk	-1.24	—	—
Omega ratio: Gain probability vs. loss probability	0.87	—	—
Calmar ratio: Return relative to maximum drawdown	-0.96	—	—
Martin ratio: Return relative to average drawdown	-1.34	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	SOLT	TOXR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.62	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.55	-0.92	+0.37

Drawdowns

SOLT vs. TOXR - Drawdown Comparison

The maximum SOLT drawdown since its inception was -95.17%, which is greater than TOXR's maximum drawdown of -48.78%. Use the drawdown chart below to compare losses from any high point for SOLT and TOXR.

Drawdown Indicators

	SOLT	TOXR	Difference
Max Drawdown Largest peak-to-trough decline	-95.17%	-48.78%	-46.39%
Max Drawdown (1Y) Largest decline over 1 year	-95.17%	—	—
Current Drawdown Current decline from peak	-95.17%	-48.10%	-47.07%
Average Drawdown Average peak-to-trough decline	-53.33%	-31.50%	-21.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	67.62%	—	—

Volatility

Volatility by Period

	SOLT	TOXR	Difference
Volatility (1M) Calculated over the trailing 1-month period	32.36%	—	—
Volatility (6M) Calculated over the trailing 6-month period	102.45%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	146.88%	73.16%	+73.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	150.90%	73.16%	+77.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	150.90%	73.16%	+77.74%

SOLT vs. TOXR - Expense Ratio Comparison

SOLT has a 1.85% expense ratio, which is higher than TOXR's 0.30% expense ratio.

Dividends

SOLT vs. TOXR - Dividend Comparison

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

Position	TTM	2025
SOLT 2x Solana ETF	5.98%	1.22%
TOXR 21Shares XRP ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both SOLT and TOXR in my portfolio?

SOLT and TOXR 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 ETF is better, SOLT or TOXR?

On fees, TOXR is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SOLT or TOXR?

TOXR is cheaper with a 0.30% expense ratio, compared with 1.85% for SOLT.

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

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

What is the main difference between SOLT and TOXR?

SOLT is categorized as Blockchain, while TOXR is Cryptocurrency. They also come from different issuers: Volatility Shares and 21Shares. Their fees differ too: 1.85% for SOLT and 0.30% for TOXR.