SOLZ vs. SOL-USD
SOLZ (Solana ETF) is Cryptocurrency fund actively managed by Volatility Shares, while SOL-USD (Solana) is a cryptocurrency. Over the past year, SOLZ returned -62.81% vs -59.64% for SOL-USD. Their 0.69 correlation means they have sometimes moved together and sometimes differently.
Performance
SOLZ vs. SOL-USD - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with SOLZ having a -42.41% return and SOL-USD slightly higher at -41.16%.
SOLZ
- 1D
- -2.29%
- 1M
- -4.56%
- 6M
- -42.81%
- YTD
- -42.41%
- 1Y
- -62.81%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -40.67%
SOL-USD
- 1D
- -0.68%
- 1M
- -2.43%
- 6M
- -41.49%
- YTD
- -41.16%
- 1Y
- -59.64%
- 3Y*
- 44.54%
- 5Y*
- 17.71%
- 10Y*
- —
- ALL TIME*
- 103.55%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
SOL-USD Solana | $108.65B | $148.65B | $232.26B |
SOLZ Solana ETF | $5.01M | $5.69M | $8.57M |
SOLZ vs. SOL-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SOLZ Solana ETF | -42.41% | -14.53% |
SOL-USD Solana | -41.16% | -8.08% |
Correlation
The correlation between SOLZ and SOL-USD is 0.74, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.74 |
Correlation (All Time) Calculated using the full available price history since Mar 20, 2025 | 0.69 |
The correlation between SOLZ and SOL-USD has been stable across timeframes, ranging from 0.69 to 0.74 - a consistent structural relationship.
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Return for Risk
SOLZ vs. SOL-USD — Risk / Return Rank
SOLZ
SOL-USD
SOLZ vs. SOL-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Solana ETF (SOLZ) and Solana (SOL-USD). 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 | SOL-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 0.88 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.83 | -0.80 | -0.04 |
| Martin ratioReturn relative to average drawdown | -1.17 | -1.14 | -0.04 |
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Drawdowns
SOLZ vs. SOL-USD - Drawdown Comparison
The maximum SOLZ drawdown since its inception was -75.68%, smaller than the maximum SOL-USD drawdown of -96.27%. Use the drawdown chart below to compare losses from any high point for SOLZ and SOL-USD.
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Drawdown Indicators
| SOLZ | SOL-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.68% | -96.27% | +20.59% |
Max Drawdown (1Y)Largest decline over 1 year | -75.68% | -74.89% | -0.79% |
Max Drawdown (3Y)Largest decline over 3 years | — | -76.28% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -96.27% | — |
Current DrawdownCurrent decline from peak | -72.17% | -72.05% | -0.12% |
Average DrawdownAverage peak-to-trough decline | -38.22% | -51.82% | +13.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 53.65% | 37.88% | +15.77% |
Volatility
SOLZ vs. SOL-USD - Volatility Comparison
Solana ETF (SOLZ) and Solana (SOL-USD) have volatilities of 12.42% and 11.99%, 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.
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Volatility by Period
| SOLZ | SOL-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.42% | 11.99% | +0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 50.91% | 46.57% | +4.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 73.12% | 58.45% | +14.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 75.21% | 80.87% | -5.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 75.21% | 98.99% | -23.78% |
Frequently Asked Questions
SOLZ and SOL-USD have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOLZ has higher volatility (12.42%) compared to SOL-USD (11.99%). In terms of maximum drawdown, SOLZ dropped -75.68% vs SOL-USD's -96.27%.
SOL-USD currently has the higher Sharpe Ratio (-0.85 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.
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