SOLT vs. UVIX

Last updated Jul 15, 2026

SOLT (2x Solana ETF) and UVIX (2x Long VIX Futures ETF) are both exchange-traded funds - SOLT is a Blockchain fund actively managed by Volatility Shares, while UVIX is a Volatility fund tracking the Long VIX Futures Index (200% Daily). SOLT is actively managed, while UVIX is passively managed. Over the past year, SOLT returned -89.81% vs -85.68% for UVIX. At a correlation of -0.40, they often move in opposite directions. SOLT charges 1.85%/yr vs 2.78%/yr for UVIX.

Performance

SOLT vs. UVIX - Performance Comparison

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

Returns By Period

In the year-to-date period, SOLT achieves a -72.29% return, which is significantly lower than UVIX's -49.10% return.

SOLT

• 1D: 5.47%
• 1M: 27.80%
• 6M: -79.23%
• YTD: -72.29%
• 1Y: -89.81%
• 3Y*: —
• 5Y*: —
• 10Y*: —

UVIX

• 1D: -2.56%
• 1M: -23.11%
• 6M: -48.19%
• YTD: -49.10%
• 1Y: -85.68%
• 3Y*: -80.74%
• 5Y*: —
• 10Y*: —

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

SOLT vs. UVIX - Yearly Performance Comparison

	2026 (YTD)	2025
SOLT 2x Solana ETF	-72.29%	-55.52%
UVIX 2x Long VIX Futures ETF	-49.10%	-83.52%

Correlation

The correlation between SOLT and UVIX is -0.38, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.38
Correlation (All Time) Calculated using the full available price history since Mar 20, 2025	-0.40

Return for Risk

SOLT vs. UVIX — 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

UVIX

UVIX Risk / Return Rank: 2
UVIX Sharpe Ratio Rank: 3
UVIX Sortino Ratio Rank: 1
UVIX Omega Ratio Rank: 1
UVIX Calmar Ratio Rank: 0
UVIX 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. UVIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 2x Solana ETF (SOLT) and 2x Long VIX Futures ETF (UVIX). 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	UVIX	Difference
Sharpe ratio: Return per unit of total volatility	-0.61	-0.76	+0.16
Sortino ratio: Return per unit of downside risk	-1.11	-1.66	+0.55
Omega ratio: Gain probability vs. loss probability	0.88	0.81	+0.07
Calmar ratio: Return relative to maximum drawdown	-0.93	-1.00	+0.06
Martin ratio: Return relative to average drawdown	-1.21	-1.38	+0.17

SOLT vs. UVIX - Sharpe Ratio Comparison

The current SOLT Sharpe Ratio is -0.61, which is comparable to the UVIX Sharpe Ratio of -0.76. The chart below compares the historical Sharpe Ratios of SOLT and UVIX, 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. UVIX - Drawdown Comparison

The maximum SOLT drawdown since its inception was -96.28%, roughly equal to the maximum UVIX drawdown of -99.98%. Use the drawdown chart below to compare losses from any high point for SOLT and UVIX.

Drawdown Indicators

	SOLT	UVIX	Difference
Max Drawdown Largest peak-to-trough decline	-96.28%	-99.98%	+3.70%
Max Drawdown (1Y) Largest decline over 1 year	-96.28%	-86.11%	-10.17%
Max Drawdown (3Y) Largest decline over 3 years	—	-99.40%	—
Current Drawdown Current decline from peak	-94.76%	-99.98%	+5.22%
Average Drawdown Average peak-to-trough decline	-56.62%	-88.73%	+32.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	74.21%	61.87%	+12.34%

Volatility

SOLT vs. UVIX - Volatility Comparison

2x Solana ETF (SOLT) has a higher volatility of 42.51% compared to 2x Long VIX Futures ETF (UVIX) at 26.69%. This indicates that SOLT's price experiences larger fluctuations and is considered to be riskier than UVIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SOLT	UVIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	42.51%	26.69%	+15.82%
Volatility (6M) Calculated over the trailing 6-month period	106.55%	87.61%	+18.94%
Volatility (1Y) Calculated over the trailing 1-year period	148.14%	112.52%	+35.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	151.21%	135.41%	+15.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	151.21%	135.41%	+15.80%

SOLT vs. UVIX - Expense Ratio Comparison

SOLT has a 1.85% expense ratio, which is lower than UVIX's 2.78% expense ratio.

Dividends

SOLT vs. UVIX - Dividend Comparison

SOLT's dividend yield for the trailing twelve months is around 5.33%, while UVIX has not paid dividends to shareholders.

Position	TTM	2025
SOLT 2x Solana ETF	5.33%	1.22%
UVIX 2x Long VIX Futures ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both SOLT and UVIX in my portfolio?

SOLT and UVIX have a correlation of -0.38, 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 UVIX?

SOLT has higher volatility (42.51%) compared to UVIX (26.69%). In terms of maximum drawdown, SOLT dropped -96.28% vs UVIX's -99.98%.

Which ETF is better, SOLT or UVIX?

On 1-year performance, UVIX leads with -85.68% vs -89.81% for SOLT. On fees, SOLT is cheaper at 1.85% per year. On volatility, UVIX has been the lower-risk option at 26.69%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SOLT or UVIX?

Over the 1-year period, UVIX has performed better with a -85.68% return vs -89.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SOLT or UVIX?

SOLT is cheaper with a 1.85% expense ratio, compared with 2.78% for UVIX.

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

SOLT has the higher dividend yield at 5.33%, compared with 0.00% for UVIX.

What is the main difference between SOLT and UVIX?

SOLT is categorized as Blockchain, while UVIX is Volatility. Their fees differ too: 1.85% for SOLT and 2.78% for UVIX.

Which has better risk-adjusted returns?

SOLT currently has the higher Sharpe Ratio (-0.61 vs -0.76), 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.