SOLZ vs. XRPT

Last updated Jul 9, 2026

SOLZ (Solana ETF) and XRPT (Volatility Shares 2x XRP ETF) are both Cryptocurrency funds from Volatility Shares. Both are actively managed. Over the past year, SOLZ returned -53.09% vs -90.74% for XRPT. Their correlation of 0.88 suggests significant overlap in exposure. SOLZ charges 0.95%/yr vs 0.94%/yr for XRPT.

Performance

SOLZ vs. XRPT - Performance Comparison

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

Returns By Period

In the year-to-date period, SOLZ achieves a -38.47% return, which is significantly higher than XRPT's -75.93% return.

SOLZ

• 1D: -4.91%
• 1M: 14.68%
• 6M: -43.61%
• YTD: -38.47%
• 1Y: -53.09%
• 3Y*: —
• 5Y*: —
• 10Y*: —

XRPT

• 1D: -5.64%
• 1M: -18.41%
• 6M: -82.50%
• YTD: -75.93%
• 1Y: -90.74%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SOLZ vs. XRPT - Yearly Performance Comparison

	2026 (YTD)	2025
SOLZ Solana ETF	-38.47%	-33.59%
XRPT Volatility Shares 2x XRP ETF	-75.93%	-67.94%

Correlation

The correlation between SOLZ and XRPT is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.88
Correlation (All Time) Calculated using the full available price history since May 22, 2025	0.88

The correlation between SOLZ and XRPT has been stable across timeframes, ranging from 0.88 to 0.88 - a consistent structural relationship.

Return for Risk

SOLZ vs. XRPT — 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: 3
SOLZ Sortino Ratio Rank: 4
SOLZ Omega Ratio Rank: 4
SOLZ Calmar Ratio Rank: 3
SOLZ Martin Ratio Rank: 4

XRPT

XRPT Risk / Return Rank: 3
XRPT Sharpe Ratio Rank: 4
XRPT Sortino Ratio Rank: 2
XRPT Omega Ratio Rank: 3
XRPT Calmar Ratio Rank: 1
XRPT Martin Ratio Rank: 3

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. XRPT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Solana ETF (SOLZ) and Volatility Shares 2x XRP ETF (XRPT). 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	XRPT	Difference
Sharpe ratio: Return per unit of total volatility	-0.71	-0.61	-0.10
Sortino ratio: Return per unit of downside risk	-0.91	-1.26	+0.36
Omega ratio: Gain probability vs. loss probability	0.90	0.86	+0.04
Calmar ratio: Return relative to maximum drawdown	-0.70	-0.94	+0.24
Martin ratio: Return relative to average drawdown	-1.04	-1.20	+0.15

SOLZ vs. XRPT - Sharpe Ratio Comparison

The current SOLZ Sharpe Ratio is -0.71, which is comparable to the XRPT Sharpe Ratio of -0.61. The chart below compares the historical Sharpe Ratios of SOLZ and XRPT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SOLZ vs. XRPT - Drawdown Comparison

The maximum SOLZ drawdown since its inception was -75.68%, smaller than the maximum XRPT drawdown of -96.33%. Use the drawdown chart below to compare losses from any high point for SOLZ and XRPT.

Drawdown Indicators

	SOLZ	XRPT	Difference
Max Drawdown Largest peak-to-trough decline	-75.68%	-96.33%	+20.65%
Max Drawdown (1Y) Largest decline over 1 year	-75.68%	-96.33%	+20.65%
Current Drawdown Current decline from peak	-70.27%	-95.94%	+25.67%
Average Drawdown Average peak-to-trough decline	-36.73%	-65.45%	+28.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	50.89%	75.81%	-24.92%

Volatility

SOLZ vs. XRPT - Volatility Comparison

The current volatility for Solana ETF (SOLZ) is 23.12%, while Volatility Shares 2x XRP ETF (XRPT) has a volatility of 39.12%. This indicates that SOLZ experiences smaller price fluctuations and is considered to be less risky than XRPT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SOLZ	XRPT	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.12%	39.12%	-16.00%
Volatility (6M) Calculated over the trailing 6-month period	52.77%	103.24%	-50.47%
Volatility (1Y) Calculated over the trailing 1-year period	74.61%	149.07%	-74.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	76.59%	148.43%	-71.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	76.59%	148.43%	-71.84%

SOLZ vs. XRPT - Expense Ratio Comparison

SOLZ has a 0.95% expense ratio, which is higher than XRPT's 0.94% expense ratio.

Dividends

SOLZ vs. XRPT - Dividend Comparison

SOLZ's dividend yield for the trailing twelve months is around 3.49%, less than XRPT's 6.60% yield.

Position	TTM	2025
SOLZ Solana ETF	3.49%	1.75%
XRPT Volatility Shares 2x XRP ETF	6.60%	1.23%

Frequently Asked Questions

Can I hold both SOLZ and XRPT in my portfolio?

SOLZ and XRPT have a correlation of 0.88, 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 XRPT?

XRPT has higher volatility (39.12%) compared to SOLZ (23.12%). In terms of maximum drawdown, SOLZ dropped -75.68% vs XRPT's -96.33%.

Which ETF is better, SOLZ or XRPT?

On 1-year performance, SOLZ leads with -53.09% vs -90.74% for XRPT. On fees, XRPT is cheaper at 0.94% per year. On volatility, SOLZ has been the lower-risk option at 23.12%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SOLZ or XRPT?

Over the 1-year period, SOLZ has performed better with a -53.09% return vs -90.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SOLZ or XRPT?

XRPT is cheaper with a 0.94% expense ratio, compared with 0.95% for SOLZ.

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

XRPT has the higher dividend yield at 6.60%, compared with 3.49% for SOLZ.

What is the main difference between SOLZ and XRPT?

Their fees differ too: 0.95% for SOLZ and 0.94% for XRPT.

Which has better risk-adjusted returns?

XRPT currently has the higher Sharpe Ratio (-0.61 vs -0.71), 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.