SOLZ vs. SVIX

Last updated Jun 5, 2026

SOLZ (Solana ETF) and SVIX (Volatility Shares -1x Short VIX Futures ETF) are both exchange-traded funds - SOLZ is a Cryptocurrency fund actively managed by Volatility Shares, while SVIX is a Inverse Equities fund managed by Volatility Shares. Over the past year, SOLZ returned -59.55% vs 56.79% for SVIX. At a 0.37 correlation, their price movements are largely independent. SOLZ charges 0.95%/yr vs 1.47%/yr for SVIX.

Performance

SOLZ vs. SVIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Solana ETF (SOLZ) and Volatility Shares -1x Short VIX Futures ETF (SVIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SOLZ achieves a -45.08% return, which is significantly lower than SVIX's -5.20% return.

SOLZ

• 1D: -3.82%
• 1M: -20.48%
• YTD: -45.08%
• 6M: -51.54%
• 1Y: -59.55%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SVIX

• 1D: 3.24%
• 1M: 20.39%
• YTD: -5.20%
• 6M: 9.90%
• 1Y: 56.79%
• 3Y*: -0.23%
• 5Y*: —
• 10Y*: —

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

SOLZ vs. SVIX - Yearly Performance Comparison

	2026 (YTD)	2025
SOLZ Solana ETF	-45.08%	-12.47%
SVIX Volatility Shares -1x Short VIX Futures ETF	-5.20%	10.94%

Correlation

The correlation between SOLZ and SVIX is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (All Time) Calculated using the full available price history since Mar 21, 2025	0.37

Return for Risk

SOLZ vs. SVIX — 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: 3
SOLZ Sortino Ratio Rank: 3
SOLZ Omega Ratio Rank: 3
SOLZ Calmar Ratio Rank: 2
SOLZ Martin Ratio Rank: 3

SVIX

SVIX Risk / Return Rank: 30
SVIX Sharpe Ratio Rank: 30
SVIX Sortino Ratio Rank: 30
SVIX Omega Ratio Rank: 33
SVIX Calmar Ratio Rank: 28
SVIX Martin Ratio Rank: 28

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. SVIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Solana ETF (SOLZ) and Volatility Shares -1x Short VIX Futures ETF (SVIX). 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	SVIX	Difference
Sharpe ratio: Return per unit of total volatility	-0.81	1.04	-1.85
Sortino ratio: Return per unit of downside risk	-1.19	1.55	-2.73
Omega ratio: Gain probability vs. loss probability	0.87	1.22	-0.35
Calmar ratio: Return relative to maximum drawdown	-0.81	1.34	-2.15
Martin ratio: Return relative to average drawdown	-1.29	3.86	-5.15
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. SVIX - Sharpe Ratio Comparison

The current SOLZ Sharpe Ratio is -0.81, which is lower than the SVIX Sharpe Ratio of 1.04. The chart below compares the historical Sharpe Ratios of SOLZ and SVIX, 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	SVIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.81	1.04	-1.85
Sharpe Ratio (All Time) Calculated using the full available price history	-0.60	0.17	-0.77

Drawdowns

SOLZ vs. SVIX - Drawdown Comparison

The maximum SOLZ drawdown since its inception was -73.46%, smaller than the maximum SVIX drawdown of -79.30%. Use the drawdown chart below to compare losses from any high point for SOLZ and SVIX.

Drawdown Indicators

	SOLZ	SVIX	Difference
Max Drawdown Largest peak-to-trough decline	-73.46%	-79.30%	+5.84%
Max Drawdown (1Y) Largest decline over 1 year	-73.46%	-42.69%	-30.77%
Max Drawdown (3Y) Largest decline over 3 years	—	-79.30%	—
Current Drawdown Current decline from peak	-73.46%	-54.72%	-18.74%
Average Drawdown Average peak-to-trough decline	-34.24%	-31.62%	-2.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	46.26%	14.76%	+31.50%

Volatility

SOLZ vs. SVIX - Volatility Comparison

Solana ETF (SOLZ) has a higher volatility of 16.04% compared to Volatility Shares -1x Short VIX Futures ETF (SVIX) at 7.75%. This indicates that SOLZ's price experiences larger fluctuations and is considered to be riskier than SVIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SOLZ	SVIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.04%	7.75%	+8.29%
Volatility (6M) Calculated over the trailing 6-month period	49.52%	41.14%	+8.38%
Volatility (1Y) Calculated over the trailing 1-year period	73.90%	54.79%	+19.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	76.02%	66.26%	+9.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	76.02%	66.26%	+9.76%

SOLZ vs. SVIX - Expense Ratio Comparison

SOLZ has a 0.95% expense ratio, which is lower than SVIX's 1.47% expense ratio.

Dividends

SOLZ vs. SVIX - Dividend Comparison

SOLZ's dividend yield for the trailing twelve months is around 4.08%, while SVIX has not paid dividends to shareholders.

Position	TTM	2025
SOLZ Solana ETF	4.08%	1.75%
SVIX Volatility Shares -1x Short VIX Futures ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both SOLZ and SVIX in my portfolio?

SOLZ and SVIX have a correlation of 0.38, 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 SVIX?

SOLZ has higher volatility (16.04%) compared to SVIX (7.75%). In terms of maximum drawdown, SOLZ dropped -73.46% vs SVIX's -79.30%.

Which ETF is better, SOLZ or SVIX?

On 1-year performance, SVIX leads with 56.79% vs -59.55% for SOLZ. On fees, SOLZ is cheaper at 0.95% per year. On volatility, SVIX has been the lower-risk option at 7.75%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SOLZ or SVIX?

Over the 1-year period, SVIX has performed better with a 56.79% return vs -59.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SOLZ or SVIX?

SOLZ is cheaper with a 0.95% expense ratio, compared with 1.47% for SVIX.

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

SOLZ has the higher dividend yield at 4.08%, compared with 0.00% for SVIX.

What is the main difference between SOLZ and SVIX?

SOLZ is categorized as Cryptocurrency, while SVIX is Inverse Equities. Their fees differ too: 0.95% for SOLZ and 1.47% for SVIX.

Which has better risk-adjusted returns?

SVIX currently has the higher Sharpe Ratio (1.04 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.