SOLX.TO vs. BITC

Last updated Jun 4, 2026

SOLX.TO (CI Galaxy Solana ETF) and BITC (Bitwise Bitcoin Strategy Optimum Roll ETF) are both Cryptocurrency funds. At a 0.17 correlation, their price movements are largely independent. SOLX.TO charges 1.00%/yr vs 0.88%/yr for BITC.

Performance

SOLX.TO vs. BITC - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in CI Galaxy Solana ETF (SOLX.TO) and Bitwise Bitcoin Strategy Optimum Roll ETF (BITC). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SOLX.TO is traded in CAD, while BITC is traded in USD. To make them comparable, the BITC 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 BITC's 7.90% return.

SOLX.TO

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

BITC

• 1D: 0.00%
• 1M: -2.79%
• YTD: 7.90%
• 6M: -2.00%
• 1Y: -14.35%
• 3Y*: 37.41%
• 5Y*: —
• 10Y*: —

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

SOLX.TO vs. BITC - Yearly Performance Comparison

	2026 (YTD)	2025
SOLX.TO CI Galaxy Solana ETF	-39.87%	-40.28%
BITC Bitwise Bitcoin Strategy Optimum Roll ETF	8.34%	-20.47%

Correlation

The correlation between SOLX.TO and BITC is 0.17, 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	0.17

Return for Risk

SOLX.TO vs. BITC — Risk / Return Rank

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

BITC

BITC Risk / Return Rank: 4
BITC Sharpe Ratio Rank: 4
BITC Sortino Ratio Rank: 4
BITC Omega Ratio Rank: 3
BITC Calmar Ratio Rank: 4
BITC Martin Ratio Rank: 5

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. BITC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CI Galaxy Solana ETF (SOLX.TO) and Bitwise Bitcoin Strategy Optimum Roll ETF (BITC). 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	BITC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.56	—
Sharpe Ratio (All Time) Calculated using the full available price history	-1.02	0.69	-1.71

Drawdowns

SOLX.TO vs. BITC - Drawdown Comparison

The maximum SOLX.TO drawdown since its inception was -70.44%, which is greater than BITC's maximum drawdown of -38.06%. Use the drawdown chart below to compare losses from any high point for SOLX.TO and BITC.

Drawdown Indicators

	SOLX.TO	BITC	Difference
Max Drawdown Largest peak-to-trough decline	-70.44%	-38.06%	-32.38%
Max Drawdown (1Y) Largest decline over 1 year	—	-27.80%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-38.06%	—
Current Drawdown Current decline from peak	-70.44%	-28.89%	-41.55%
Average Drawdown Average peak-to-trough decline	-47.74%	-16.91%	-30.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	18.18%	—

Volatility

Volatility by Period

	SOLX.TO	BITC	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.34%	—
Volatility (6M) Calculated over the trailing 6-month period	—	20.51%	—
Volatility (1Y) Calculated over the trailing 1-year period	73.25%	25.66%	+47.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	73.25%	46.59%	+26.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	73.25%	46.59%	+26.66%

SOLX.TO vs. BITC - Expense Ratio Comparison

SOLX.TO has a 1.00% expense ratio, which is higher than BITC's 0.88% expense ratio.

Dividends

SOLX.TO vs. BITC - Dividend Comparison

SOLX.TO has not paid dividends to shareholders, while BITC's dividend yield for the trailing twelve months is around 3.14%.

Position	TTM	2025	2024	2023
BITC Bitwise Bitcoin Strategy Optimum Roll ETF	3.14%	3.36%	42.68%	5.82%
SOLX.TO CI Galaxy Solana ETF	0.81%	0.49%	0.00%	0.00%

Frequently Asked Questions

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

SOLX.TO and BITC have a correlation of 0.17, 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 BITC?

On fees, BITC is cheaper at 0.88% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SOLX.TO or BITC?

BITC is cheaper with a 0.88% expense ratio, compared with 1.00% for SOLX.TO.

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

They also come from different issuers: CI and Bitwise. Their fees differ too: 1.00% for SOLX.TO and 0.88% for BITC.