SOLZ vs. FSELX

Last updated Jul 30, 2026

SOLZ (Solana ETF) and FSELX (Fidelity Select Semiconductors Portfolio) are both funds - SOLZ is a Cryptocurrency fund actively managed by Volatility Shares, while FSELX is a Semiconductors fund managed by Fidelity. Over the past year, SOLZ returned -62.81% vs 76.13% for FSELX. Their 0.38 correlation means their historical movements had little consistent relationship. SOLZ charges 0.95%/yr vs 0.68%/yr for FSELX.

Performance

SOLZ vs. FSELX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Solana ETF (SOLZ) and Fidelity Select Semiconductors Portfolio (FSELX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SOLZ achieves a -42.41% return, which is significantly lower than FSELX's 44.96% return.

SOLZ

• 1D: -2.29%
• 1M: -4.56%
• 6M: -42.81%
• YTD: -42.41%
• 1Y: -62.81%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -40.67%

FSELX

• 1D: -3.68%
• 1M: -16.96%
• 6M: 25.76%
• YTD: 44.96%
• 1Y: 76.13%
• 3Y*: 50.00%
• 5Y*: 37.90%
• 10Y*: 34.80%
• ALL TIME*: 16.66%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FSELX Fidelity Select Semiconductors Portfolio	$0.00	$0.00	$0.00
SOLZ Solana ETF	$5.01M	$5.69M	$8.57M

SOLZ vs. FSELX - Yearly Performance Comparison

	2026 (YTD)	2025
SOLZ Solana ETF	-42.41%	-14.53%
FSELX Fidelity Select Semiconductors Portfolio	44.96%	68.87%

Correlation

The correlation between SOLZ and FSELX is 0.40, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.40
Correlation (All Time) Calculated using the full available price history since Mar 20, 2025	0.38

Return for Risk

SOLZ vs. FSELX — 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: 2
SOLZ Sortino Ratio Rank: 2
SOLZ Omega Ratio Rank: 2
SOLZ Calmar Ratio Rank: 2
SOLZ Martin Ratio Rank: 4

FSELX

FSELX Risk / Return Rank: 80
FSELX Sharpe Ratio Rank: 80
FSELX Sortino Ratio Rank: 69
FSELX Omega Ratio Rank: 70
FSELX Calmar Ratio Rank: 88
FSELX Martin Ratio Rank: 91

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. FSELX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Solana ETF (SOLZ) and Fidelity Select Semiconductors Portfolio (FSELX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	SOLZ	FSELX	Difference
Sharpe ratio: Return per unit of total volatility	-0.86	1.90	-2.77
Sortino ratio: Return per unit of downside risk	-1.37	2.33	-3.70
Omega ratio: Gain probability vs. loss probability	0.85	1.31	-0.45
Calmar ratio: Return relative to maximum drawdown	-0.83	3.25	-4.09
Martin ratio: Return relative to average drawdown	-1.17	12.67	-13.84

SOLZ vs. FSELX - Sharpe Ratio Comparison

The current SOLZ Sharpe Ratio is -0.86, which is lower than the FSELX Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of SOLZ and FSELX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SOLZ vs. FSELX - Drawdown Comparison

The maximum SOLZ drawdown since its inception was -75.68%, smaller than the maximum FSELX drawdown of -82.54%. Use the drawdown chart below to compare losses from any high point for SOLZ and FSELX.

Drawdown Indicators

	SOLZ	FSELX	Difference
Max Drawdown Largest peak-to-trough decline	-75.68%	-82.54%	+6.86%
Max Drawdown (1Y) Largest decline over 1 year	-75.68%	-23.35%	-52.33%
Max Drawdown (3Y) Largest decline over 3 years	—	-36.31%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-46.37%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-46.37%	—
Current Drawdown Current decline from peak	-72.17%	-23.35%	-48.82%
Average Drawdown Average peak-to-trough decline	-38.22%	-28.63%	-9.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	53.65%	5.99%	+47.66%

Volatility

SOLZ vs. FSELX - Volatility Comparison

The current volatility for Solana ETF (SOLZ) is 12.42%, while Fidelity Select Semiconductors Portfolio (FSELX) has a volatility of 15.54%. This indicates that SOLZ experiences smaller price fluctuations and is considered to be less risky than FSELX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SOLZ	FSELX	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.42%	15.54%	-3.12%
Volatility (6M) Calculated over the trailing 6-month period	50.91%	33.55%	+17.36%
Volatility (1Y) Calculated over the trailing 1-year period	73.12%	39.93%	+33.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	75.21%	40.25%	+34.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	75.21%	35.75%	+39.46%

SOLZ vs. FSELX - Expense Ratio Comparison

SOLZ has a 0.95% expense ratio, which is higher than FSELX's 0.68% expense ratio.

Dividends

SOLZ vs. FSELX - Dividend Comparison

SOLZ's dividend yield for the trailing twelve months is around 3.74%, less than FSELX's 11.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSELX Fidelity Select Semiconductors Portfolio	11.30%	11.11%	7.97%	7.20%	6.69%	6.99%	8.13%	3.36%	26.80%	14.44%	3.82%	15.22%
SOLZ Solana ETF	3.74%	1.75%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SOLZ and FSELX in my portfolio?

SOLZ and FSELX have a correlation of 0.40, 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 FSELX?

FSELX has higher volatility (15.54%) compared to SOLZ (12.42%). In terms of maximum drawdown, SOLZ dropped -75.68% vs FSELX's -82.54%.

Which has better risk-adjusted returns?

FSELX currently has the higher Sharpe Ratio (1.90 vs -0.86), 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.