SOLT vs. TSOL

Last updated Aug 5, 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. Their 1.00 correlation means they have historically moved very closely together. 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 -74.74% return, which is significantly lower than TSOL's -39.48% return.

SOLT

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

TSOL

• 1D: 0.19%
• 1M: -8.25%
• 6M: -25.79%
• YTD: -39.48%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*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)
SOLT 2x Solana ETF	$8.18M	$11.07M	$16.04M
TSOL 21Shares Solana ETF	$28.86K	$59.21K	$61.89K

SOLT vs. TSOL - Yearly Performance Comparison

	2026 (YTD)	2025
SOLT 2x Solana ETF	-74.74%	-28.85%
TSOL 21Shares Solana ETF	-39.48%	-8.21%

Correlation

The correlation between SOLT and TSOL is 1.00 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	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 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

TSOL

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

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. 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	-0.62	—	—
Sortino ratio: Return per unit of downside risk	-1.21	—	—
Omega ratio: Gain probability vs. loss probability	0.87	—	—
Calmar ratio: Return relative to maximum drawdown	-0.94	—	—
Martin ratio: Return relative to average drawdown	-1.16	—	—

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	-95.23%	-49.06%	-46.17%
Average Drawdown Average peak-to-trough decline	-58.29%	-34.07%	-24.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	77.45%	—	—

Volatility

Volatility by Period

	SOLT	TSOL	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.16%	—	—
Volatility (6M) Calculated over the trailing 6-month period	98.76%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	145.02%	70.15%	+74.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	148.50%	70.15%	+78.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	148.50%	70.15%	+78.35%

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 5.64%, more than TSOL's 5.14% yield.

Position	TTM	2025
SOLT 2x Solana ETF	5.64%	1.22%
TSOL 21Shares Solana ETF	5.14%	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 5.64%, compared with 5.14% 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.