THYP vs. TSOL

Last updated Jun 30, 2026

THYP (21Shares Hyperliquid ETF) and TSOL (21Shares Solana ETF) are both Cryptocurrency funds from 21Shares. Both are actively managed. A 0.65 correlation means they provide meaningful diversification when combined.

Performance

THYP vs. TSOL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in 21Shares Hyperliquid ETF (THYP) and 21Shares Solana ETF (TSOL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

THYP

• 1D: 3.06%
• 1M: 0.93%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSOL

• 1D: 3.86%
• 1M: -7.45%
• YTD: -38.28%
• 6M: -37.72%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

THYP vs. TSOL - Yearly Performance Comparison

	2026 (YTD)
THYP 21Shares Hyperliquid ETF	54.95%
TSOL 21Shares Solana ETF	-22.46%

Correlation

The correlation between THYP and TSOL is 0.65, 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 May 12, 2026	0.65

Return for Risk

THYP vs. TSOL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 21Shares Hyperliquid ETF (THYP) and 21Shares Solana ETF (TSOL). 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

THYP vs. TSOL - Drawdown Comparison

The maximum THYP drawdown since its inception was -27.01%, smaller than the maximum TSOL drawdown of -56.62%. Use the drawdown chart below to compare losses from any high point for THYP and TSOL.

Drawdown Indicators

	THYP	TSOL	Difference
Max Drawdown Largest peak-to-trough decline	-27.01%	-56.62%	+29.61%
Current Drawdown Current decline from peak	-9.34%	-48.05%	+38.71%
Average Drawdown Average peak-to-trough decline	-7.69%	-31.82%	+24.13%

Volatility

Volatility by Period

	THYP	TSOL	Difference
Volatility (1Y) Calculated over the trailing 1-year period	110.48%	73.91%	+36.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	110.48%	73.91%	+36.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	110.48%	73.91%	+36.57%

Dividends

THYP vs. TSOL - Dividend Comparison

THYP's dividend yield for the trailing twelve months is around 0.10%, less than TSOL's 5.04% yield.

Position	TTM
THYP 21Shares Hyperliquid ETF	0.10%
TSOL 21Shares Solana ETF	5.04%

Frequently Asked Questions

Can I hold both THYP and TSOL in my portfolio?

THYP and TSOL have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF pays a higher dividend yield, THYP or TSOL?

TSOL has the higher dividend yield at 5.04%, compared with 0.10% for THYP.