SOLZ vs. MSBT
SOLZ (Solana ETF) and MSBT (Morgan Stanley Bitcoin Trust) are both Cryptocurrency funds. SOLZ is actively managed, while MSBT is passively managed. A 0.77 correlation means they provide meaningful diversification when combined. SOLZ charges 0.95%/yr vs 0.14%/yr for MSBT.
Performance
SOLZ vs. MSBT - Performance Comparison
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Returns By Period
SOLZ
- 1D
- -4.69%
- 1M
- -15.18%
- YTD
- -42.90%
- 6M
- -50.08%
- 1Y
- -59.43%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSBT
- 1D
- -2.70%
- 1M
- -18.41%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SOLZ vs. MSBT - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
SOLZ Solana ETF | -13.90% |
MSBT Morgan Stanley Bitcoin Trust | -8.40% |
Correlation
The correlation between SOLZ and MSBT is 0.77, 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 Apr 9, 2026 | 0.77 |
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Return for Risk
SOLZ vs. MSBT — Risk / Return Rank
SOLZ
MSBT
SOLZ vs. MSBT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Solana ETF (SOLZ) and Morgan Stanley Bitcoin Trust (MSBT). 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 | MSBT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.87 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.82 | — | — |
| Martin ratioReturn 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. | |||
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Sharpe Ratios by Period
| SOLZ | MSBT | 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 | -1.33 | +0.75 |
Drawdowns
SOLZ vs. MSBT - Drawdown Comparison
The maximum SOLZ drawdown since its inception was -72.41%, which is greater than MSBT's maximum drawdown of -20.25%. Use the drawdown chart below to compare losses from any high point for SOLZ and MSBT.
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Drawdown Indicators
| SOLZ | MSBT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.41% | -20.25% | -52.16% |
Max Drawdown (1Y)Largest decline over 1 year | -72.41% | — | — |
Current DrawdownCurrent decline from peak | -72.41% | -20.25% | -52.16% |
Average DrawdownAverage peak-to-trough decline | -34.11% | -3.91% | -30.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 46.03% | — | — |
Volatility
SOLZ vs. MSBT - Volatility Comparison
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Volatility by Period
| SOLZ | MSBT | 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% | 32.92% | +41.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 76.07% | 32.92% | +43.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 76.07% | 32.92% | +43.15% |
SOLZ vs. MSBT - Expense Ratio Comparison
SOLZ has a 0.95% expense ratio, which is higher than MSBT's 0.14% expense ratio.
Dividends
SOLZ vs. MSBT - Dividend Comparison
SOLZ's dividend yield for the trailing twelve months is around 3.92%, while MSBT has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
MSBT Morgan Stanley Bitcoin Trust | 0.00% | 0.00% |
SOLZ Solana ETF | 3.92% | 1.75% |
Frequently Asked Questions
SOLZ and MSBT have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MSBT is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MSBT is cheaper with a 0.14% expense ratio, compared with 0.95% for SOLZ.
SOLZ has the higher dividend yield at 3.92%, compared with 0.00% for MSBT.
They also come from different issuers: Volatility Shares and Morgan Stanley. Their fees differ too: 0.95% for SOLZ and 0.14% for MSBT.
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