SSS vs. MSBT

Last updated Jul 18, 2026

SSS (CYBER HORNET S&P 500 and Solana 75/25 Strategy ETF) and MSBT (Morgan Stanley Bitcoin Trust) are both Cryptocurrency funds - SSS tracks the S&P 500 and S&P Solana 75/25 Blend Index while MSBT tracks the CoinDesk Bitcoin Benchmark 4PM NY Settlement Rate. Both are passively managed. A 0.79 correlation means they provide meaningful diversification when combined. SSS charges 0.95%/yr vs 0.14%/yr for MSBT.

Performance

SSS vs. MSBT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in CYBER HORNET S&P 500 and Solana 75/25 Strategy ETF (SSS) and Morgan Stanley Bitcoin Trust (MSBT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SSS

• 1D: -0.76%
• 1M: 2.20%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MSBT

• 1D: -0.05%
• 1M: -0.22%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SSS vs. MSBT - Yearly Performance Comparison

	2026 (YTD)
SSS CYBER HORNET S&P 500 and Solana 75/25 Strategy ETF	9.25%
MSBT Morgan Stanley Bitcoin Trust	-11.54%

Correlation

The correlation between SSS and MSBT is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 8, 2026	0.79

Return for Risk

SSS vs. MSBT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CYBER HORNET S&P 500 and Solana 75/25 Strategy ETF (SSS) and Morgan Stanley Bitcoin Trust (MSBT). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

SSS vs. MSBT - Drawdown Comparison

The maximum SSS drawdown since its inception was -14.64%, smaller than the maximum MSBT drawdown of -28.33%. Use the drawdown chart below to compare losses from any high point for SSS and MSBT.

Drawdown Indicators

	SSS	MSBT	Difference
Max Drawdown Largest peak-to-trough decline	-14.64%	-28.33%	+13.69%
Current Drawdown Current decline from peak	-4.66%	-21.74%	+17.08%
Average Drawdown Average peak-to-trough decline	-6.55%	-12.30%	+5.75%

Volatility

Volatility by Period

	SSS	MSBT	Difference
Volatility (1Y) Calculated over the trailing 1-year period	23.37%	36.64%	-13.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.37%	36.64%	-13.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.37%	36.64%	-13.27%

SSS vs. MSBT - Expense Ratio Comparison

SSS has a 0.95% expense ratio, which is higher than MSBT's 0.14% expense ratio.

Dividends

SSS vs. MSBT - Dividend Comparison

SSS's dividend yield for the trailing twelve months is around 0.09%, while MSBT has not paid dividends to shareholders.

Position	TTM
MSBT Morgan Stanley Bitcoin Trust	0.00%
SSS CYBER HORNET S&P 500 and Solana 75/25 Strategy ETF	0.09%

Frequently Asked Questions

Can I hold both SSS and MSBT in my portfolio?

SSS and MSBT have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SSS or MSBT?

On fees, MSBT is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SSS or MSBT?

MSBT is cheaper with a 0.14% expense ratio, compared with 0.95% for SSS.

Which ETF pays a higher dividend yield, SSS or MSBT?

SSS has the higher dividend yield at 0.09%, compared with 0.00% for MSBT.

What is the main difference between SSS and MSBT?

SSS tracks S&P 500 and S&P Solana 75/25 Blend Index, while MSBT tracks CoinDesk Bitcoin Benchmark 4PM NY Settlement Rate. They also come from different issuers: CYBER HORNET and Morgan Stanley. Their fees differ too: 0.95% for SSS and 0.14% for MSBT.