SOLT vs. XRPT

Last updated Jul 15, 2026

SOLT (2x Solana ETF) and XRPT (Volatility Shares 2x XRP ETF) are both exchange-traded funds - SOLT is a Blockchain fund actively managed by Volatility Shares, while XRPT is a Cryptocurrency fund actively managed by Volatility Shares. Both are actively managed. Over the past year, SOLT returned -89.81% vs -93.84% for XRPT. Their correlation of 0.87 suggests significant overlap in exposure. SOLT charges 1.85%/yr vs 0.94%/yr for XRPT.

Performance

SOLT vs. XRPT - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with SOLT having a -72.29% return and XRPT slightly lower at -74.94%.

SOLT

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

XRPT

• 1D: 8.69%
• 1M: -7.04%
• 6M: -80.96%
• YTD: -74.94%
• 1Y: -93.84%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SOLT vs. XRPT - Yearly Performance Comparison

	2026 (YTD)	2025
SOLT 2x Solana ETF	-72.29%	-69.18%
XRPT Volatility Shares 2x XRP ETF	-74.94%	-67.94%

Correlation

The correlation between SOLT and XRPT 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 May 22, 2025	0.87

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

Return for Risk

SOLT vs. XRPT — 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

XRPT

XRPT Risk / Return Rank: 2
XRPT Sharpe Ratio Rank: 4
XRPT Sortino Ratio Rank: 1
XRPT Omega Ratio Rank: 1
XRPT Calmar Ratio Rank: 0
XRPT Martin Ratio Rank: 3

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. XRPT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 2x Solana ETF (SOLT) and Volatility Shares 2x XRP ETF (XRPT). 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	XRPT	Difference
Sharpe ratio: Return per unit of total volatility	-0.61	-0.64	+0.04
Sortino ratio: Return per unit of downside risk	-1.11	-1.70	+0.59
Omega ratio: Gain probability vs. loss probability	0.88	0.82	+0.06
Calmar ratio: Return relative to maximum drawdown	-0.93	-0.97	+0.04
Martin ratio: Return relative to average drawdown	-1.21	-1.22	+0.01

SOLT vs. XRPT - Sharpe Ratio Comparison

The current SOLT Sharpe Ratio is -0.61, which is comparable to the XRPT Sharpe Ratio of -0.64. The chart below compares the historical Sharpe Ratios of SOLT and XRPT, 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. XRPT - Drawdown Comparison

The maximum SOLT drawdown since its inception was -96.28%, roughly equal to the maximum XRPT drawdown of -96.33%. Use the drawdown chart below to compare losses from any high point for SOLT and XRPT.

Drawdown Indicators

	SOLT	XRPT	Difference
Max Drawdown Largest peak-to-trough decline	-96.28%	-96.33%	+0.05%
Max Drawdown (1Y) Largest decline over 1 year	-96.28%	-96.33%	+0.05%
Current Drawdown Current decline from peak	-94.76%	-95.77%	+1.01%
Average Drawdown Average peak-to-trough decline	-56.62%	-65.88%	+9.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	74.21%	76.76%	-2.55%

Volatility

SOLT vs. XRPT - Volatility Comparison

2x Solana ETF (SOLT) has a higher volatility of 42.51% compared to Volatility Shares 2x XRP ETF (XRPT) at 35.72%. This indicates that SOLT's price experiences larger fluctuations and is considered to be riskier than XRPT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SOLT	XRPT	Difference
Volatility (1M) Calculated over the trailing 1-month period	42.51%	35.72%	+6.79%
Volatility (6M) Calculated over the trailing 6-month period	106.55%	103.57%	+2.98%
Volatility (1Y) Calculated over the trailing 1-year period	148.14%	146.09%	+2.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	151.21%	147.77%	+3.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	151.21%	147.77%	+3.44%

SOLT vs. XRPT - Expense Ratio Comparison

SOLT has a 1.85% expense ratio, which is higher than XRPT's 0.94% expense ratio.

Dividends

SOLT vs. XRPT - Dividend Comparison

SOLT's dividend yield for the trailing twelve months is around 5.33%, less than XRPT's 6.34% yield.

Position	TTM	2025
SOLT 2x Solana ETF	5.33%	1.22%
XRPT Volatility Shares 2x XRP ETF	6.34%	1.23%

Frequently Asked Questions

Can I hold both SOLT and XRPT in my portfolio?

SOLT and XRPT 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 XRPT?

SOLT has higher volatility (42.51%) compared to XRPT (35.72%). In terms of maximum drawdown, SOLT dropped -96.28% vs XRPT's -96.33%.

Which ETF is better, SOLT or XRPT?

On 1-year performance, SOLT leads with -89.81% vs -93.84% for XRPT. On fees, XRPT is cheaper at 0.94% per year. On volatility, XRPT has been the lower-risk option at 35.72%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SOLT or XRPT?

Over the 1-year period, SOLT has performed better with a -89.81% return vs -93.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SOLT or XRPT?

XRPT is cheaper with a 0.94% expense ratio, compared with 1.85% for SOLT.

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

XRPT has the higher dividend yield at 6.34%, compared with 5.33% for SOLT.

What is the main difference between SOLT and XRPT?

SOLT is categorized as Blockchain, while XRPT is Cryptocurrency. Their fees differ too: 1.85% for SOLT and 0.94% for XRPT.

Which has better risk-adjusted returns?

SOLT currently has the higher Sharpe Ratio (-0.61 vs -0.64), 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.