TSOL vs. BCDF
TSOL (21Shares Solana ETF) and BCDF (Horizon Kinetics Blockchain Development ETF) are both Cryptocurrency funds. Both are actively managed. Their 0.32 correlation means their historical movements had little consistent relationship. TSOL charges 0.21%/yr vs 0.85%/yr for BCDF.
Performance
TSOL vs. BCDF - Performance Comparison
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Returns By Period
In the year-to-date period, TSOL achieves a -39.34% return, which is significantly lower than BCDF's 7.22% return.
TSOL
- 1D
- 0.23%
- 1M
- -9.06%
- 6M
- -19.11%
- YTD
- -39.34%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
BCDF
- 1D
- -0.10%
- 1M
- 5.12%
- 6M
- 6.61%
- YTD
- 7.22%
- 1Y
- 4.65%
- 3Y*
- 15.40%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 7.68%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $15.50K | $19.51K | $41.48K | |
| $89.03K | $84.23K | $71.82K |
TSOL vs. BCDF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TSOL 21Shares Solana ETF | -39.34% | -8.21% |
BCDF Horizon Kinetics Blockchain Development ETF | 7.22% | 0.29% |
Correlation
The correlation between TSOL and BCDF is 0.32, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 19, 2025 | 0.32 |
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Return for Risk
TSOL vs. BCDF — Risk / Return Rank
TSOL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BCDF
TSOL vs. BCDF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 21Shares Solana ETF (TSOL) and Horizon Kinetics Blockchain Development ETF (BCDF). 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.
| TSOL | BCDF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.06 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.33 | — |
| Martin ratioReturn relative to average drawdown | — | 1.05 | — |
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Drawdowns
TSOL vs. BCDF - Drawdown Comparison
The maximum TSOL drawdown since its inception was -56.62%, which is greater than BCDF's maximum drawdown of -27.70%. Use the drawdown chart below to compare losses from any high point for TSOL and BCDF.
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Drawdown Indicators
| TSOL | BCDF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.62% | -27.70% | -28.92% |
Max Drawdown (1Y)Largest decline over 1 year | — | -14.02% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.02% | — |
Current DrawdownCurrent decline from peak | -48.94% | -4.06% | -44.88% |
Average DrawdownAverage peak-to-trough decline | -34.15% | -9.74% | -24.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.45% | — |
Volatility
TSOL vs. BCDF - Volatility Comparison
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Volatility by Period
| TSOL | BCDF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.23% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 10.84% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 69.96% | 14.88% | +55.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 69.96% | 16.85% | +53.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.96% | 16.85% | +53.11% |
TSOL vs. BCDF - Expense Ratio Comparison
TSOL has a 0.21% expense ratio, which is lower than BCDF's 0.85% expense ratio.
Dividends
TSOL vs. BCDF - Dividend Comparison
TSOL's dividend yield for the trailing twelve months is around 5.13%, more than BCDF's 2.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BCDF Horizon Kinetics Blockchain Development ETF | 2.36% | 2.53% | 1.63% | 0.69% | 0.38% |
TSOL 21Shares Solana ETF | 5.13% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TSOL and BCDF have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TSOL is cheaper at 0.21% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TSOL is cheaper with a 0.21% expense ratio, compared with 0.85% for BCDF.
TSOL has the higher dividend yield at 5.13%, compared with 2.36% for BCDF.
They also come from different issuers: 21Shares and Horizon. Their fees differ too: 0.21% for TSOL and 0.85% for BCDF.
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