SOLT vs. TSOL

Last updated Jun 24, 2026

SOLT (2x Solana ETF) and TSOL (21Shares Solana ETF) are both exchange-traded funds - SOLT is a Blockchain fund actively managed by Volatility Shares, while TSOL is a Cryptocurrency fund actively managed by 21Shares. Both are actively managed. With a 1.00 correlation, they move nearly in lockstep. SOLT charges 1.85%/yr vs 0.21%/yr for TSOL.

Performance

SOLT vs. TSOL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in 2x Solana ETF (SOLT) and 21Shares Solana ETF (TSOL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SOLT achieves a -77.47% return, which is significantly lower than TSOL's -44.06% return.

SOLT

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

TSOL

• 1D: -5.33%
• 1M: -18.64%
• YTD: -44.06%
• 6M: -44.22%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SOLT vs. TSOL - Yearly Performance Comparison

	2026 (YTD)	2025
SOLT 2x Solana ETF	-77.47%	-28.85%
TSOL 21Shares Solana ETF	-44.06%	-8.21%

Correlation

The correlation between SOLT and TSOL is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 19, 2025	1.00

Return for Risk

SOLT vs. TSOL — 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

TSOL

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. TSOL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 2x Solana ETF (SOLT) and 21Shares Solana ETF (TSOL). 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	TSOL	Difference
Sharpe ratio: Return per unit of total volatility	-0.60	—	—
Sortino ratio: Return per unit of downside risk	-1.04	—	—
Omega ratio: Gain probability vs. loss probability	0.89	—	—
Calmar ratio: Return relative to maximum drawdown	-0.93	—	—
Martin ratio: Return relative to average drawdown	-1.26	—	—

Drawdowns

SOLT vs. TSOL - Drawdown Comparison

The maximum SOLT drawdown since its inception was -96.28%, which is greater than TSOL's maximum drawdown of -56.62%. Use the drawdown chart below to compare losses from any high point for SOLT and TSOL.

Drawdown Indicators

	SOLT	TSOL	Difference
Max Drawdown Largest peak-to-trough decline	-96.28%	-56.62%	-39.66%
Max Drawdown (1Y) Largest decline over 1 year	-96.28%	—	—
Current Drawdown Current decline from peak	-95.74%	-52.91%	-42.83%
Average Drawdown Average peak-to-trough decline	-54.92%	-31.27%	-23.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	70.78%	—	—

Volatility

Volatility by Period

	SOLT	TSOL	Difference
Volatility (1M) Calculated over the trailing 1-month period	43.69%	—	—
Volatility (6M) Calculated over the trailing 6-month period	104.76%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	148.24%	73.07%	+75.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	151.89%	73.07%	+78.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	151.89%	73.07%	+78.82%

SOLT vs. TSOL - Expense Ratio Comparison

SOLT has a 1.85% expense ratio, which is higher than TSOL's 0.21% expense ratio.

Dividends

SOLT vs. TSOL - Dividend Comparison

SOLT's dividend yield for the trailing twelve months is around 6.91%, more than TSOL's 4.99% yield.

Position	TTM	2025
SOLT 2x Solana ETF	6.91%	1.22%
TSOL 21Shares Solana ETF	4.99%	0.00%

Frequently Asked Questions

Can I hold both SOLT and TSOL in my portfolio?

With a correlation of 1.00, SOLT and TSOL move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, SOLT or TSOL?

On fees, TSOL is cheaper at 0.21% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SOLT or TSOL?

TSOL is cheaper with a 0.21% expense ratio, compared with 1.85% for SOLT.

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

SOLT has the higher dividend yield at 6.91%, compared with 4.99% for TSOL.

What is the main difference between SOLT and TSOL?

SOLT is categorized as Blockchain, while TSOL is Cryptocurrency. They also come from different issuers: Volatility Shares and 21Shares. Their fees differ too: 1.85% for SOLT and 0.21% for TSOL.