SVIX vs. SOLZ

Last updated Jun 4, 2026

SVIX (Volatility Shares -1x Short VIX Futures ETF) and SOLZ (Solana ETF) are both exchange-traded funds - SVIX is a Inverse Equities fund managed by Volatility Shares, while SOLZ is a Cryptocurrency fund actively managed by Volatility Shares. Over the past year, SVIX returned 51.46% vs -59.43% for SOLZ. At a 0.38 correlation, their price movements are largely independent. SVIX charges 1.47%/yr vs 0.95%/yr for SOLZ.

Performance

SVIX vs. SOLZ - Performance Comparison

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

Returns By Period

In the year-to-date period, SVIX achieves a -8.17% return, which is significantly higher than SOLZ's -42.90% return.

SVIX

• 1D: -0.09%
• 1M: 16.92%
• YTD: -8.17%
• 6M: 7.59%
• 1Y: 51.46%
• 3Y*: -0.59%
• 5Y*: —
• 10Y*: —

SOLZ

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

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

SVIX vs. SOLZ - Yearly Performance Comparison

	2026 (YTD)	2025
SVIX Volatility Shares -1x Short VIX Futures ETF	-8.17%	10.94%
SOLZ Solana ETF	-42.90%	-12.47%

Correlation

The correlation between SVIX and SOLZ 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	0.38

Return for Risk

SVIX vs. SOLZ — Risk / Return Rank

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

SVIX

SVIX Risk / Return Rank: 26
SVIX Sharpe Ratio Rank: 26
SVIX Sortino Ratio Rank: 26
SVIX Omega Ratio Rank: 29
SVIX Calmar Ratio Rank: 25
SVIX Martin Ratio Rank: 25

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

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.

SVIX vs. SOLZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Volatility Shares -1x Short VIX Futures ETF (SVIX) and Solana ETF (SOLZ). 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.

	SVIX	SOLZ	Difference
Sharpe ratio Return per unit of total volatility	0.95	-0.81	+1.75
Sortino ratio Return per unit of downside risk	1.46	-1.18	+2.64
Omega ratio Gain probability vs. loss probability	1.20	0.87	+0.33
Calmar ratio Return relative to maximum drawdown	1.21	-0.82	+2.03
Martin ratio Return relative to average drawdown	3.50	-1.29	+4.79
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SVIX vs. SOLZ - Sharpe Ratio Comparison

The current SVIX Sharpe Ratio is 0.95, which is higher than the SOLZ Sharpe Ratio of -0.81. The chart below compares the historical Sharpe Ratios of SVIX and SOLZ, 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

	SVIX	SOLZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.95	-0.81	+1.75
Sharpe Ratio (All Time) Calculated using the full available price history	0.16	-0.58	+0.73

Drawdowns

SVIX vs. SOLZ - Drawdown Comparison

The maximum SVIX drawdown since its inception was -79.30%, which is greater than SOLZ's maximum drawdown of -72.41%. Use the drawdown chart below to compare losses from any high point for SVIX and SOLZ.

Drawdown Indicators

	SVIX	SOLZ	Difference
Max Drawdown Largest peak-to-trough decline	-79.30%	-72.41%	-6.89%
Max Drawdown (1Y) Largest decline over 1 year	-42.69%	-72.41%	+29.72%
Max Drawdown (3Y) Largest decline over 3 years	-79.30%	—	—
Current Drawdown Current decline from peak	-56.14%	-72.41%	+16.27%
Average Drawdown Average peak-to-trough decline	-31.60%	-34.11%	+2.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.75%	46.03%	-31.28%

Volatility

SVIX vs. SOLZ - Volatility Comparison

The current volatility for Volatility Shares -1x Short VIX Futures ETF (SVIX) is 7.38%, while Solana ETF (SOLZ) has a volatility of 16.15%. This indicates that SVIX experiences smaller price fluctuations and is considered to be less risky than SOLZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SVIX	SOLZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.38%	16.15%	-8.77%
Volatility (6M) Calculated over the trailing 6-month period	41.05%	50.76%	-9.71%
Volatility (1Y) Calculated over the trailing 1-year period	54.75%	74.02%	-19.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	66.27%	76.07%	-9.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	66.27%	76.07%	-9.80%

SVIX vs. SOLZ - Expense Ratio Comparison

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

Dividends

SVIX vs. SOLZ - Dividend Comparison

SVIX has not paid dividends to shareholders, while SOLZ's dividend yield for the trailing twelve months is around 3.92%.

Position	TTM	2025
SOLZ Solana ETF	3.92%	1.75%
SVIX Volatility Shares -1x Short VIX Futures ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both SVIX and SOLZ in my portfolio?

SVIX and SOLZ 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, SVIX or SOLZ?

SOLZ has higher volatility (16.15%) compared to SVIX (7.38%). In terms of maximum drawdown, SVIX dropped -79.30% vs SOLZ's -72.41%.

Which ETF is better, SVIX or SOLZ?

On 1-year performance, SVIX leads with 51.46% vs -59.43% for SOLZ. On fees, SOLZ is cheaper at 0.95% per year. On volatility, SVIX has been the lower-risk option at 7.38%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SVIX or SOLZ?

Over the 1-year period, SVIX has performed better with a 51.46% return vs -59.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SVIX or SOLZ?

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

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

SOLZ has the higher dividend yield at 3.92%, compared with 0.00% for SVIX.

What is the main difference between SVIX and SOLZ?

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

Which has better risk-adjusted returns?

SVIX currently has the higher Sharpe Ratio (0.95 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.