SOLX.TO vs. BFAP

Last updated Jun 4, 2026

SOLX.TO (CI Galaxy Solana ETF) and BFAP (FT Vest Bitcoin Strategy Floor15 ETF - April) are both Cryptocurrency funds. At a 0.49 correlation, their price movements are largely independent. SOLX.TO charges 1.00%/yr vs 0.90%/yr for BFAP.

Performance

SOLX.TO vs. BFAP - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in CI Galaxy Solana ETF (SOLX.TO) and FT Vest Bitcoin Strategy Floor15 ETF - April (BFAP). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SOLX.TO is traded in CAD, while BFAP is traded in USD. To make them comparable, the BFAP values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, SOLX.TO achieves a -39.87% return, which is significantly lower than BFAP's -19.88% return.

SOLX.TO

• 1D: -2.37%
• 1M: -9.51%
• YTD: -39.87%
• 6M: -49.70%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BFAP

• 1D: -0.64%
• 1M: -5.15%
• YTD: -19.88%
• 6M: -23.95%
• 1Y: -23.47%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SOLX.TO vs. BFAP - Yearly Performance Comparison

	2026 (YTD)	2025
SOLX.TO CI Galaxy Solana ETF	-39.87%	-40.28%
BFAP FT Vest Bitcoin Strategy Floor15 ETF - April	-19.88%	-10.52%

Correlation

The correlation between SOLX.TO and BFAP is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 3, 2025	0.49

Return for Risk

SOLX.TO vs. BFAP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BFAP

BFAP Risk / Return Rank: 1
BFAP Sharpe Ratio Rank: 1
BFAP Sortino Ratio Rank: 1
BFAP Omega Ratio Rank: 1
BFAP Calmar Ratio Rank: 2
BFAP Martin Ratio Rank: 1

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.

SOLX.TO vs. BFAP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CI Galaxy Solana ETF (SOLX.TO) and FT Vest Bitcoin Strategy Floor15 ETF - April (BFAP). 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.

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

Sharpe Ratios by Period

	SOLX.TO	BFAP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-1.12	—
Sharpe Ratio (All Time) Calculated using the full available price history	-1.02	-0.68	-0.34

Drawdowns

SOLX.TO vs. BFAP - Drawdown Comparison

The maximum SOLX.TO drawdown since its inception was -70.44%, which is greater than BFAP's maximum drawdown of -31.47%. Use the drawdown chart below to compare losses from any high point for SOLX.TO and BFAP.

Drawdown Indicators

	SOLX.TO	BFAP	Difference
Max Drawdown Largest peak-to-trough decline	-70.44%	-31.47%	-38.97%
Max Drawdown (1Y) Largest decline over 1 year	—	-31.47%	—
Current Drawdown Current decline from peak	-70.44%	-31.47%	-38.97%
Average Drawdown Average peak-to-trough decline	-47.74%	-11.19%	-36.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	17.62%	—

Volatility

Volatility by Period

	SOLX.TO	BFAP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.26%	—
Volatility (6M) Calculated over the trailing 6-month period	—	17.65%	—
Volatility (1Y) Calculated over the trailing 1-year period	73.25%	21.01%	+52.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	73.25%	20.41%	+52.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	73.25%	20.41%	+52.84%

SOLX.TO vs. BFAP - Expense Ratio Comparison

SOLX.TO has a 1.00% expense ratio, which is higher than BFAP's 0.90% expense ratio.

Dividends

SOLX.TO vs. BFAP - Dividend Comparison

SOLX.TO has not paid dividends to shareholders, while BFAP's dividend yield for the trailing twelve months is around 23.98%.

Position	TTM	2025
BFAP FT Vest Bitcoin Strategy Floor15 ETF - April	23.98%	18.97%
SOLX.TO CI Galaxy Solana ETF	0.81%	0.49%

Frequently Asked Questions

Can I hold both SOLX.TO and BFAP in my portfolio?

SOLX.TO and BFAP have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SOLX.TO or BFAP?

On fees, BFAP is cheaper at 0.90% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SOLX.TO or BFAP?

BFAP is cheaper with a 0.90% expense ratio, compared with 1.00% for SOLX.TO.

What is the main difference between SOLX.TO and BFAP?

They also come from different issuers: CI and First Trust. Their fees differ too: 1.00% for SOLX.TO and 0.90% for BFAP.