SVIX vs. SOLZ

Last updated Apr 1, 2026

Compare and contrast key facts about Volatility Shares -1x Short VIX Futures ETF (SVIX) and Solana ETF (SOLZ).

SVIX and SOLZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SVIX is managed by Volatility Shares. It was launched on Mar 28, 2022. SOLZ is an actively managed fund by Volatility Shares. It was launched on Mar 19, 2025.

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.

SVIX vs. SOLZ - Yearly Performance Comparison

	2026 (YTD)	2025
SVIX Volatility Shares -1x Short VIX Futures ETF	-35.16%	10.94%
SOLZ Solana ETF	-34.00%	-12.47%

Returns By Period

The year-to-date returns for both investments are quite close, with SVIX having a -35.16% return and SOLZ slightly higher at -34.00%.

SVIX

• 1D: 9.17%
• 1M: -25.51%
• YTD: -35.16%
• 6M: -26.52%
• 1Y: -22.76%
• 3Y*: -1.64%
• 5Y*: —
• 10Y*: —

SOLZ

• 1D: 0.53%
• 1M: 1.47%
• YTD: -34.00%
• 6M: -61.78%
• 1Y: -40.64%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SVIX vs. SOLZ - Expense Ratio Comparison

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

SVIX

Volatility Shares -1x Short VIX Futures ETF

SOLZ

Solana ETF

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: 8
SVIX Sharpe Ratio Rank: 7
SVIX Sortino Ratio Rank: 11
SVIX Omega Ratio Rank: 11
SVIX Calmar Ratio Rank: 5
SVIX Martin Ratio Rank: 4

SOLZ

SOLZ Risk / Return Rank: 4
SOLZ Sharpe Ratio Rank: 4
SOLZ Sortino Ratio Rank: 5
SOLZ Omega Ratio Rank: 5
SOLZ Calmar Ratio Rank: 3
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	-0.31	-0.51	+0.21
Sortino ratio Return per unit of downside risk	0.05	-0.37	+0.42
Omega ratio Gain probability vs. loss probability	1.01	0.96	+0.05
Calmar ratio Return relative to maximum drawdown	-0.45	-0.61	+0.16
Martin ratio Return relative to average drawdown	-1.03	-1.15	+0.12
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 -0.31, which is higher than the SOLZ Sharpe Ratio of -0.51. The chart below compares the historical Sharpe Ratios of SVIX and SOLZ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SVIX	SOLZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.31	-0.51	+0.21
Sharpe Ratio (All Time) Calculated using the full available price history	0.02	-0.52	+0.54

Correlation

The correlation between SVIX and SOLZ is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

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 3.41%.

	TTM	2025
SVIX Volatility Shares -1x Short VIX Futures ETF	0.00%	0.00%
SOLZ Solana ETF	3.41%	1.75%

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 -70.23%. 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%	-70.23%	-9.07%
Max Drawdown (1Y) Largest decline over 1 year	-49.47%	-70.23%	+20.76%
Current Drawdown Current decline from peak	-69.03%	-68.11%	-0.92%
Average Drawdown Average peak-to-trough decline	-30.26%	-28.47%	-1.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.52%	37.00%	-15.48%

Volatility

SVIX vs. SOLZ - Volatility Comparison

Volatility Shares -1x Short VIX Futures ETF (SVIX) has a higher volatility of 29.79% compared to Solana ETF (SOLZ) at 18.65%. This indicates that SVIX's price experiences larger fluctuations and is considered to be riskier 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	29.79%	18.65%	+11.14%
Volatility (6M) Calculated over the trailing 6-month period	47.49%	58.48%	-10.99%
Volatility (1Y) Calculated over the trailing 1-year period	74.62%	79.49%	-4.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	67.26%	79.89%	-12.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	67.26%	79.89%	-12.63%