TSOL vs. BLOX

Last updated Jun 4, 2026

TSOL (21Shares Solana ETF) and BLOX (Nicholas Crypto Income ETF) are both Cryptocurrency funds. Both are actively managed. A 0.75 correlation means they provide meaningful diversification when combined. TSOL charges 0.21%/yr vs 1.03%/yr for BLOX.

Performance

TSOL vs. BLOX - Performance Comparison

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

Returns By Period

In the year-to-date period, TSOL achieves a -41.49% return, which is significantly lower than BLOX's 16.52% return.

TSOL

• 1D: -4.53%
• 1M: -14.54%
• YTD: -41.49%
• 6M: -48.57%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BLOX

• 1D: -2.56%
• 1M: 10.59%
• YTD: 16.52%
• 6M: 5.53%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TSOL vs. BLOX - Yearly Performance Comparison

	2026 (YTD)	2025
TSOL 21Shares Solana ETF	-41.49%	-6.28%
BLOX Nicholas Crypto Income ETF	16.52%	-1.39%

Correlation

The correlation between TSOL and BLOX is 0.75, 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 Nov 20, 2025	0.75

Return for Risk

TSOL vs. BLOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 21Shares Solana ETF (TSOL) and Nicholas Crypto Income ETF (BLOX). 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.

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

Sharpe Ratios by Period

	TSOL	BLOX	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.95	0.54	-1.49

Drawdowns

TSOL vs. BLOX - Drawdown Comparison

The maximum TSOL drawdown since its inception was -50.75%, which is greater than BLOX's maximum drawdown of -47.09%. Use the drawdown chart below to compare losses from any high point for TSOL and BLOX.

Drawdown Indicators

	TSOL	BLOX	Difference
Max Drawdown Largest peak-to-trough decline	-50.75%	-47.09%	-3.66%
Current Drawdown Current decline from peak	-50.75%	-19.45%	-31.30%
Average Drawdown Average peak-to-trough decline	-29.35%	-18.53%	-10.82%

Volatility

Volatility by Period

	TSOL	BLOX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	71.70%	53.44%	+18.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	71.70%	53.44%	+18.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	71.70%	53.44%	+18.26%

TSOL vs. BLOX - Expense Ratio Comparison

TSOL has a 0.21% expense ratio, which is lower than BLOX's 1.03% expense ratio.

Dividends

TSOL vs. BLOX - Dividend Comparison

TSOL's dividend yield for the trailing twelve months is around 4.78%, less than BLOX's 36.81% yield.

Position	TTM	2025
BLOX Nicholas Crypto Income ETF	36.81%	22.69%
TSOL 21Shares Solana ETF	4.78%	0.00%

Frequently Asked Questions

Can I hold both TSOL and BLOX in my portfolio?

TSOL and BLOX have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TSOL or BLOX?

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.

Which ETF is cheaper, TSOL or BLOX?

TSOL is cheaper with a 0.21% expense ratio, compared with 1.03% for BLOX.

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

BLOX has the higher dividend yield at 36.81%, compared with 4.78% for TSOL.

What is the main difference between TSOL and BLOX?

They also come from different issuers: 21Shares and Nicholas. Their fees differ too: 0.21% for TSOL and 1.03% for BLOX.