SOLZ vs. SOLT

Last updated Jun 4, 2026

SOLZ (Solana ETF) and SOLT (2x Solana ETF) are both exchange-traded funds - SOLZ is a Cryptocurrency fund actively managed by Volatility Shares, while SOLT is a Blockchain fund actively managed by Volatility Shares. Both are actively managed. Over the past year, SOLZ returned -59.43% vs -90.96% for SOLT. With a 1.00 correlation, they move nearly in lockstep. SOLZ charges 0.95%/yr vs 1.85%/yr for SOLT.

Performance

SOLZ vs. SOLT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Solana ETF (SOLZ) and 2x Solana ETF (SOLT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SOLZ achieves a -42.90% return, which is significantly higher than SOLT's -74.43% return.

SOLZ

• 1D: -4.69%
• 1M: -15.18%
• YTD: -42.90%
• 6M: -50.08%
• 1Y: -59.43%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SOLT

• 1D: -9.55%
• 1M: -30.13%
• YTD: -74.43%
• 6M: -81.02%
• 1Y: -90.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SOLZ vs. SOLT - Yearly Performance Comparison

	2026 (YTD)	2025
SOLZ Solana ETF	-42.90%	-12.47%
SOLT 2x Solana ETF	-74.43%	-53.74%

Correlation

The correlation between SOLZ and SOLT is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (All Time) Calculated using the full available price history since Mar 21, 2025	1.00

The correlation between SOLZ and SOLT has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.

Return for Risk

SOLZ vs. SOLT — Risk / Return Rank

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

SOLZ

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

SOLT

SOLT Risk / Return Rank: 2
SOLT Sharpe Ratio Rank: 4
SOLT Sortino Ratio Rank: 2
SOLT Omega Ratio Rank: 3
SOLT Calmar Ratio Rank: 1
SOLT 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. SOLT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Solana ETF (SOLZ) and 2x Solana ETF (SOLT). 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	SOLT	Difference
Sharpe ratio: Return per unit of total volatility	-0.81	-0.62	-0.19
Sortino ratio: Return per unit of downside risk	-1.18	-1.24	+0.06
Omega ratio: Gain probability vs. loss probability	0.87	0.87	+0.01
Calmar ratio: Return relative to maximum drawdown	-0.82	-0.96	+0.13
Martin ratio: Return relative to average drawdown	-1.29	-1.34	+0.05
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. SOLT - Sharpe Ratio Comparison

The current SOLZ Sharpe Ratio is -0.81, which is comparable to the SOLT Sharpe Ratio of -0.62. The chart below compares the historical Sharpe Ratios of SOLZ and SOLT, 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	SOLT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.81	-0.62	-0.19
Sharpe Ratio (All Time) Calculated using the full available price history	-0.58	-0.55	-0.03

Drawdowns

SOLZ vs. SOLT - Drawdown Comparison

The maximum SOLZ drawdown since its inception was -72.41%, smaller than the maximum SOLT drawdown of -95.17%. Use the drawdown chart below to compare losses from any high point for SOLZ and SOLT.

Drawdown Indicators

	SOLZ	SOLT	Difference
Max Drawdown Largest peak-to-trough decline	-72.41%	-95.17%	+22.76%
Max Drawdown (1Y) Largest decline over 1 year	-72.41%	-95.17%	+22.76%
Current Drawdown Current decline from peak	-72.41%	-95.17%	+22.76%
Average Drawdown Average peak-to-trough decline	-34.11%	-53.33%	+19.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	46.03%	67.62%	-21.59%

Volatility

SOLZ vs. SOLT - Volatility Comparison

The current volatility for Solana ETF (SOLZ) is 16.15%, while 2x Solana ETF (SOLT) has a volatility of 32.36%. This indicates that SOLZ experiences smaller price fluctuations and is considered to be less risky than SOLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SOLZ	SOLT	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.15%	32.36%	-16.21%
Volatility (6M) Calculated over the trailing 6-month period	50.76%	102.45%	-51.69%
Volatility (1Y) Calculated over the trailing 1-year period	74.02%	146.88%	-72.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	76.07%	150.90%	-74.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	76.07%	150.90%	-74.83%

SOLZ vs. SOLT - Expense Ratio Comparison

SOLZ has a 0.95% expense ratio, which is lower than SOLT's 1.85% expense ratio.

Dividends

SOLZ vs. SOLT - Dividend Comparison

SOLZ's dividend yield for the trailing twelve months is around 3.92%, less than SOLT's 5.98% yield.

Position	TTM	2025
SOLT 2x Solana ETF	5.98%	1.22%
SOLZ Solana ETF	3.92%	1.75%

Frequently Asked Questions

Can I hold both SOLZ and SOLT in my portfolio?

With a correlation of 1.00, SOLZ and SOLT move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, SOLZ or SOLT?

SOLT has higher volatility (32.36%) compared to SOLZ (16.15%). In terms of maximum drawdown, SOLZ dropped -72.41% vs SOLT's -95.17%.

Which ETF is better, SOLZ or SOLT?

On 1-year performance, SOLZ leads with -59.43% vs -90.96% for SOLT. On fees, SOLZ is cheaper at 0.95% per year. On volatility, SOLZ has been the lower-risk option at 16.15%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SOLZ or SOLT?

Over the 1-year period, SOLZ has performed better with a -59.43% return vs -90.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SOLZ or SOLT?

SOLZ is cheaper with a 0.95% expense ratio, compared with 1.85% for SOLT.

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

SOLT has the higher dividend yield at 5.98%, compared with 3.92% for SOLZ.

What is the main difference between SOLZ and SOLT?

SOLZ is categorized as Cryptocurrency, while SOLT is Blockchain. Their fees differ too: 0.95% for SOLZ and 1.85% for SOLT.

Which has better risk-adjusted returns?

SOLT currently has the higher Sharpe Ratio (-0.62 vs -0.81), 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.