SOLZ vs. ARKD

Last updated Jun 4, 2026

SOLZ (Solana ETF) and ARKD (ARK 21Shares Digital Asset and Blockchain Strategy ETF) are both Cryptocurrency funds. Both are actively managed. A 0.61 correlation means they provide meaningful diversification when combined. SOLZ charges 0.95%/yr vs 0.90%/yr for ARKD.

Performance

SOLZ vs. ARKD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Solana ETF (SOLZ) and ARK 21Shares Digital Asset and Blockchain Strategy ETF (ARKD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SOLZ

• 1D: -4.69%
• 1M: -15.18%
• YTD: -42.90%
• 6M: -50.08%
• 1Y: -59.43%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ARKD

• 1D: -1.44%
• 1M: -0.46%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SOLZ vs. ARKD - Yearly Performance Comparison

	2026 (YTD)
SOLZ Solana ETF	-45.87%
ARKD ARK 21Shares Digital Asset and Blockchain Strategy ETF	-2.04%

Correlation

The correlation between SOLZ and ARKD is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 5, 2026	0.61

Return for Risk

SOLZ vs. ARKD — Risk / Return Rank

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

SOLZ

SOLZ Risk / Return Rank: 2
SOLZ Sharpe Ratio Rank: 3
SOLZ Sortino Ratio Rank: 2
SOLZ Omega Ratio Rank: 3
SOLZ Calmar Ratio Rank: 2
SOLZ 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.

SOLZ vs. ARKD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Solana ETF (SOLZ) and ARK 21Shares Digital Asset and Blockchain Strategy ETF (ARKD). 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	ARKD	Difference
Sharpe ratio: Return per unit of total volatility	-0.81	—	—
Sortino ratio: Return per unit of downside risk	-1.18	—	—
Omega ratio: Gain probability vs. loss probability	0.87	—	—
Calmar ratio: Return relative to maximum drawdown	-0.82	—	—
Martin ratio: Return relative to average drawdown	-1.29	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	SOLZ	ARKD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.81	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.58	-0.25	-0.33

Drawdowns

SOLZ vs. ARKD - Drawdown Comparison

The maximum SOLZ drawdown since its inception was -72.41%, which is greater than ARKD's maximum drawdown of -14.03%. Use the drawdown chart below to compare losses from any high point for SOLZ and ARKD.

Drawdown Indicators

	SOLZ	ARKD	Difference
Max Drawdown Largest peak-to-trough decline	-72.41%	-14.03%	-58.38%
Max Drawdown (1Y) Largest decline over 1 year	-72.41%	—	—
Current Drawdown Current decline from peak	-72.41%	-4.51%	-67.90%
Average Drawdown Average peak-to-trough decline	-34.11%	-6.21%	-27.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	46.03%	—	—

Volatility

Volatility by Period

	SOLZ	ARKD	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.15%	—	—
Volatility (6M) Calculated over the trailing 6-month period	50.76%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	74.02%	19.81%	+54.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	76.07%	19.81%	+56.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	76.07%	19.81%	+56.26%

SOLZ vs. ARKD - Expense Ratio Comparison

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

Dividends

SOLZ vs. ARKD - Dividend Comparison

SOLZ's dividend yield for the trailing twelve months is around 3.92%, while ARKD has not paid dividends to shareholders.

Position	TTM	2025
ARKD ARK 21Shares Digital Asset and Blockchain Strategy ETF	0.00%	0.00%
SOLZ Solana ETF	3.92%	1.75%

Frequently Asked Questions

Can I hold both SOLZ and ARKD in my portfolio?

SOLZ and ARKD have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SOLZ or ARKD?

On fees, ARKD 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, SOLZ or ARKD?

ARKD is cheaper with a 0.90% expense ratio, compared with 0.95% for SOLZ.

Which ETF pays a higher dividend yield, SOLZ or ARKD?

SOLZ has the higher dividend yield at 3.92%, compared with 0.00% for ARKD.

What is the main difference between SOLZ and ARKD?

They also come from different issuers: Volatility Shares and ARK. Their fees differ too: 0.95% for SOLZ and 0.90% for ARKD.