SOLZ vs. SOL-USD

Last updated Apr 2, 2026

Compare and contrast key facts about Solana ETF (SOLZ) and Solana (SOL-USD).

SOLZ is an actively managed fund by Volatility Shares. It was launched on Mar 19, 2025.

Performance

SOLZ vs. SOL-USD - Performance Comparison

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

SOLZ vs. SOL-USD - Yearly Performance Comparison

	2026 (YTD)	2025
SOLZ Solana ETF	-33.12%	-12.47%
SOL-USD Solana	-34.42%	-2.39%

Returns By Period

The year-to-date returns for both stocks are quite close, with SOLZ having a -33.12% return and SOL-USD slightly lower at -34.42%.

SOLZ

• 1D: 1.33%
• 1M: -4.69%
• YTD: -33.12%
• 6M: -63.37%
• 1Y: -40.75%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SOL-USD

• 1D: -1.80%
• 1M: -5.79%
• YTD: -34.42%
• 6M: -63.26%
• 1Y: -35.58%
• 3Y*: 58.42%
• 5Y*: 32.73%
• 10Y*: —

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

Return for Risk

SOLZ vs. SOL-USD — Risk / Return Rank

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

SOLZ

SOLZ Risk / Return Rank: 4
SOLZ Sharpe Ratio Rank: 4
SOLZ Sortino Ratio Rank: 5
SOLZ Omega Ratio Rank: 6
SOLZ Calmar Ratio Rank: 3
SOLZ Martin Ratio Rank: 3

SOL-USD

SOL-USD Risk / Return Rank: 59
SOL-USD Sharpe Ratio Rank: 59
SOL-USD Sortino Ratio Rank: 63
SOL-USD Omega Ratio Rank: 63
SOL-USD Calmar Ratio Rank: 64
SOL-USD Martin Ratio Rank: 46

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. 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.

	SOLZ	SOL-USD	Difference
Sharpe ratio Return per unit of total volatility	-0.51	-0.47	-0.05
Sortino ratio Return per unit of downside risk	-0.37	-0.28	-0.10
Omega ratio Gain probability vs. loss probability	0.96	0.97	-0.02
Calmar ratio Return relative to maximum drawdown	-0.57	-1.03	+0.46
Martin ratio Return relative to average drawdown	-1.07	-1.65	+0.58
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. SOL-USD - Sharpe Ratio Comparison

The current SOLZ Sharpe Ratio is -0.51, which is comparable to the SOL-USD Sharpe Ratio of -0.47. The chart below compares the historical Sharpe Ratios of SOLZ and SOL-USD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SOLZ	SOL-USD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.51	-0.47	-0.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.31	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.51	0.91	-1.42

Correlation

The correlation between SOLZ and SOL-USD is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Drawdowns

SOLZ vs. SOL-USD - Drawdown Comparison

The maximum SOLZ drawdown since its inception was -70.23%, 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.

Drawdown Indicators

	SOLZ	SOL-USD	Difference
Max Drawdown Largest peak-to-trough decline	-70.23%	-96.27%	+26.04%
Max Drawdown (1Y) Largest decline over 1 year	-70.23%	-68.54%	-1.69%
Max Drawdown (5Y) Largest decline over 5 years	—	-96.27%	—
Current Drawdown Current decline from peak	-67.68%	-68.85%	+1.17%
Average Drawdown Average peak-to-trough decline	-28.63%	-50.87%	+22.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	37.24%	42.73%	-5.49%

Volatility

SOLZ vs. SOL-USD - Volatility Comparison

Solana ETF (SOLZ) has a higher volatility of 18.41% compared to Solana (SOL-USD) at 15.96%. This indicates that SOLZ's price experiences larger fluctuations and is considered to be riskier than SOL-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SOLZ	SOL-USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.41%	15.96%	+2.45%
Volatility (6M) Calculated over the trailing 6-month period	58.49%	54.71%	+3.78%
Volatility (1Y) Calculated over the trailing 1-year period	79.44%	63.57%	+15.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	79.75%	88.86%	-9.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	79.75%	101.03%	-21.28%