SOLZ vs. BTCI

Last updated Jun 5, 2026

SOLZ (Solana ETF) and BTCI (NEOS Bitcoin High Income ETF) are both Cryptocurrency funds. Both are actively managed. Over the past year, SOLZ returned -59.55% vs -34.52% for BTCI. Their correlation of 0.86 suggests significant overlap in exposure. SOLZ charges 0.95%/yr vs 0.99%/yr for BTCI.

Performance

SOLZ vs. BTCI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Solana ETF (SOLZ) and NEOS Bitcoin High Income ETF (BTCI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SOLZ achieves a -45.08% return, which is significantly lower than BTCI's -24.80% return.

SOLZ

• 1D: -3.82%
• 1M: -20.48%
• YTD: -45.08%
• 6M: -51.54%
• 1Y: -59.55%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BTCI

• 1D: -2.67%
• 1M: -19.78%
• YTD: -24.80%
• 6M: -28.14%
• 1Y: -34.52%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SOLZ vs. BTCI - Yearly Performance Comparison

	2026 (YTD)	2025
SOLZ Solana ETF	-45.08%	-12.47%
BTCI NEOS Bitcoin High Income ETF	-24.80%	6.64%

Correlation

The correlation between SOLZ and BTCI is 0.86, 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	0.86
Correlation (All Time) Calculated using the full available price history since Mar 21, 2025	0.86

The correlation between SOLZ and BTCI has been stable across timeframes, ranging from 0.86 to 0.86 - a consistent structural relationship.

Return for Risk

SOLZ vs. BTCI — Risk / Return Rank

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

SOLZ

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

BTCI

BTCI Risk / Return Rank: 2
BTCI Sharpe Ratio Rank: 2
BTCI Sortino Ratio Rank: 3
BTCI Omega Ratio Rank: 2
BTCI Calmar Ratio Rank: 2
BTCI Martin Ratio Rank: 2

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. BTCI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Solana ETF (SOLZ) and NEOS Bitcoin High Income ETF (BTCI). 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	BTCI	Difference
Sharpe ratio: Return per unit of total volatility	-0.81	-0.89	+0.08
Sortino ratio: Return per unit of downside risk	-1.19	-1.19	+0.01
Omega ratio: Gain probability vs. loss probability	0.87	0.86	+0.01
Calmar ratio: Return relative to maximum drawdown	-0.81	-0.77	-0.04
Martin ratio: Return relative to average drawdown	-1.29	-1.37	+0.08
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. BTCI - Sharpe Ratio Comparison

The current SOLZ Sharpe Ratio is -0.81, which is comparable to the BTCI Sharpe Ratio of -0.89. The chart below compares the historical Sharpe Ratios of SOLZ and BTCI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SOLZ	BTCI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.81	-0.89	+0.08
Sharpe Ratio (All Time) Calculated using the full available price history	-0.60	-0.07	-0.53

Drawdowns

SOLZ vs. BTCI - Drawdown Comparison

The maximum SOLZ drawdown since its inception was -73.46%, which is greater than BTCI's maximum drawdown of -44.98%. Use the drawdown chart below to compare losses from any high point for SOLZ and BTCI.

Drawdown Indicators

	SOLZ	BTCI	Difference
Max Drawdown Largest peak-to-trough decline	-73.46%	-44.98%	-28.48%
Max Drawdown (1Y) Largest decline over 1 year	-73.46%	-44.98%	-28.48%
Current Drawdown Current decline from peak	-73.46%	-44.39%	-29.07%
Average Drawdown Average peak-to-trough decline	-34.24%	-15.25%	-18.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	46.26%	25.20%	+21.06%

Volatility

SOLZ vs. BTCI - Volatility Comparison

Solana ETF (SOLZ) has a higher volatility of 16.04% compared to NEOS Bitcoin High Income ETF (BTCI) at 8.15%. This indicates that SOLZ's price experiences larger fluctuations and is considered to be riskier than BTCI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SOLZ	BTCI	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.04%	8.15%	+7.89%
Volatility (6M) Calculated over the trailing 6-month period	49.52%	30.49%	+19.03%
Volatility (1Y) Calculated over the trailing 1-year period	73.90%	38.98%	+34.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	76.02%	40.12%	+35.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	76.02%	40.12%	+35.90%

SOLZ vs. BTCI - Expense Ratio Comparison

SOLZ has a 0.95% expense ratio, which is lower than BTCI's 0.99% expense ratio.

Dividends

SOLZ vs. BTCI - Dividend Comparison

SOLZ's dividend yield for the trailing twelve months is around 4.08%, less than BTCI's 44.34% yield.

Position	TTM	2025	2024
BTCI NEOS Bitcoin High Income ETF	44.34%	36.46%	6.76%
SOLZ Solana ETF	4.08%	1.75%	0.00%

Frequently Asked Questions

Can I hold both SOLZ and BTCI in my portfolio?

SOLZ and BTCI have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SOLZ or BTCI?

SOLZ has higher volatility (16.04%) compared to BTCI (8.15%). In terms of maximum drawdown, SOLZ dropped -73.46% vs BTCI's -44.98%.

Which ETF is better, SOLZ or BTCI?

On 1-year performance, BTCI leads with -34.52% vs -59.55% for SOLZ. On fees, SOLZ is cheaper at 0.95% per year. On volatility, BTCI has been the lower-risk option at 8.15%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SOLZ or BTCI?

Over the 1-year period, BTCI has performed better with a -34.52% return vs -59.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SOLZ or BTCI?

SOLZ is cheaper with a 0.95% expense ratio, compared with 0.99% for BTCI.

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

BTCI has the higher dividend yield at 44.34%, compared with 4.08% for SOLZ.

What is the main difference between SOLZ and BTCI?

They also come from different issuers: Volatility Shares and Neos. Their fees differ too: 0.95% for SOLZ and 0.99% for BTCI.

Which has better risk-adjusted returns?

SOLZ currently has the higher Sharpe Ratio (-0.81 vs -0.89), 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.