SOLZ vs. AETH

Last updated Apr 1, 2026

Compare and contrast key facts about Solana ETF (SOLZ) and Bitwise Ethereum Strategy ETF (AETH).

SOLZ and AETH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SOLZ is an actively managed fund by Volatility Shares. It was launched on Mar 19, 2025. AETH is an actively managed fund by Bitwise. It was launched on Sep 29, 2023.

Performance

SOLZ vs. AETH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Solana ETF (SOLZ) and Bitwise Ethereum Strategy ETF (AETH). The values are adjusted to include any dividend payments, if applicable.

SOLZ vs. AETH - Yearly Performance Comparison

	2026 (YTD)	2025
SOLZ Solana ETF	-34.00%	-12.47%
AETH Bitwise Ethereum Strategy ETF	-5.53%	18.12%

Returns By Period

In the year-to-date period, SOLZ achieves a -34.00% return, which is significantly lower than AETH's -5.53% return.

SOLZ

• 1D: 0.53%
• 1M: 1.47%
• YTD: -34.00%
• 6M: -61.78%
• 1Y: -40.64%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AETH

• 1D: -0.03%
• 1M: -2.72%
• YTD: -5.53%
• 6M: -26.96%
• 1Y: 27.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SOLZ vs. AETH - Expense Ratio Comparison

SOLZ has a 0.95% expense ratio, which is higher than AETH's 0.90% expense ratio.

SOLZ

Solana ETF

AETH

Bitwise Ethereum Strategy ETF

Return for Risk

SOLZ vs. AETH — Risk / Return Rank

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

SOLZ

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

AETH

AETH Risk / Return Rank: 35
AETH Sharpe Ratio Rank: 31
AETH Sortino Ratio Rank: 48
AETH Omega Ratio Rank: 49
AETH Calmar Ratio Rank: 27
AETH Martin Ratio Rank: 19

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.

SOLZ vs. AETH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Solana ETF (SOLZ) and Bitwise Ethereum Strategy ETF (AETH). 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.

	SOLZ	AETH	Difference
Sharpe ratio Return per unit of total volatility	-0.51	0.55	-1.06
Sortino ratio Return per unit of downside risk	-0.37	1.25	-1.62
Omega ratio Gain probability vs. loss probability	0.96	1.18	-0.22
Calmar ratio Return relative to maximum drawdown	-0.61	0.60	-1.21
Martin ratio Return relative to average drawdown	-1.15	0.97	-2.12
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SOLZ vs. AETH - Sharpe Ratio Comparison

The current SOLZ Sharpe Ratio is -0.51, which is lower than the AETH Sharpe Ratio of 0.55. The chart below compares the historical Sharpe Ratios of SOLZ and AETH, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SOLZ	AETH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.51	0.55	-1.06
Sharpe Ratio (All Time) Calculated using the full available price history	-0.52	0.43	-0.95

Correlation

The correlation between SOLZ and AETH is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

SOLZ vs. AETH - Dividend Comparison

SOLZ's dividend yield for the trailing twelve months is around 3.41%, more than AETH's 2.55% yield.

	TTM	2025	2024	2023
SOLZ Solana ETF	3.41%	1.75%	0.00%	0.00%
AETH Bitwise Ethereum Strategy ETF	2.55%	2.41%	14.73%	6.64%

Drawdowns

SOLZ vs. AETH - Drawdown Comparison

The maximum SOLZ drawdown since its inception was -70.23%, which is greater than AETH's maximum drawdown of -47.78%. Use the drawdown chart below to compare losses from any high point for SOLZ and AETH.

Drawdown Indicators

	SOLZ	AETH	Difference
Max Drawdown Largest peak-to-trough decline	-70.23%	-47.78%	-22.45%
Max Drawdown (1Y) Largest decline over 1 year	-70.23%	-41.40%	-28.83%
Current Drawdown Current decline from peak	-68.11%	-41.20%	-26.91%
Average Drawdown Average peak-to-trough decline	-28.47%	-23.48%	-4.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	37.00%	25.68%	+11.32%

Volatility

SOLZ vs. AETH - Volatility Comparison

Solana ETF (SOLZ) and Bitwise Ethereum Strategy ETF (AETH) have volatilities of 18.65% and 18.87%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SOLZ	AETH	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.65%	18.87%	-0.22%
Volatility (6M) Calculated over the trailing 6-month period	58.48%	28.66%	+29.82%
Volatility (1Y) Calculated over the trailing 1-year period	79.49%	51.05%	+28.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	79.89%	56.19%	+23.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	79.89%	56.19%	+23.70%