TSOL vs. SOLT

Last updated Jun 4, 2026

TSOL (21Shares Solana ETF) and SOLT (2x Solana ETF) are both exchange-traded funds - TSOL is a Cryptocurrency fund actively managed by 21Shares, while SOLT is a Blockchain fund actively managed by Volatility Shares. Both are actively managed. With a 1.00 correlation, they move nearly in lockstep. TSOL charges 0.21%/yr vs 1.85%/yr for SOLT.

Performance

TSOL vs. SOLT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in 21Shares Solana ETF (TSOL) and 2x Solana ETF (SOLT). 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 higher than SOLT's -74.43% return.

TSOL

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

SOLT

• 1D: -9.55%
• 1M: -30.13%
• YTD: -74.43%
• 6M: -81.02%
• 1Y: -90.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TSOL vs. SOLT - Yearly Performance Comparison

	2026 (YTD)	2025
TSOL 21Shares Solana ETF	-41.49%	-6.28%
SOLT 2x Solana ETF	-74.43%	-19.65%

Correlation

The correlation between TSOL and SOLT is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 20, 2025	1.00

Return for Risk

TSOL vs. SOLT — Risk / Return Rank

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

SOLT

SOLT Risk / Return Rank: 2
SOLT Sharpe Ratio Rank: 4
SOLT Sortino Ratio Rank: 2
SOLT Omega Ratio Rank: 3
SOLT Calmar Ratio Rank: 1
SOLT Martin Ratio Rank: 2

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.

TSOL vs. SOLT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 21Shares Solana ETF (TSOL) and 2x Solana ETF (SOLT). 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	SOLT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.62	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.95	-0.55	-0.40

Drawdowns

TSOL vs. SOLT - Drawdown Comparison

The maximum TSOL drawdown since its inception was -50.75%, smaller than the maximum SOLT drawdown of -95.17%. Use the drawdown chart below to compare losses from any high point for TSOL and SOLT.

Drawdown Indicators

	TSOL	SOLT	Difference
Max Drawdown Largest peak-to-trough decline	-50.75%	-95.17%	+44.42%
Max Drawdown (1Y) Largest decline over 1 year	—	-95.17%	—
Current Drawdown Current decline from peak	-50.75%	-95.17%	+44.42%
Average Drawdown Average peak-to-trough decline	-29.35%	-53.33%	+23.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	67.62%	—

Volatility

Volatility by Period

	TSOL	SOLT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	32.36%	—
Volatility (6M) Calculated over the trailing 6-month period	—	102.45%	—
Volatility (1Y) Calculated over the trailing 1-year period	71.70%	146.88%	-75.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	71.70%	150.90%	-79.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	71.70%	150.90%	-79.20%

TSOL vs. SOLT - Expense Ratio Comparison

TSOL has a 0.21% expense ratio, which is lower than SOLT's 1.85% expense ratio.

Dividends

TSOL vs. SOLT - Dividend Comparison

TSOL's dividend yield for the trailing twelve months is around 4.78%, less than SOLT's 5.98% yield.

Position	TTM	2025
SOLT 2x Solana ETF	5.98%	1.22%
TSOL 21Shares Solana ETF	4.78%	0.00%

Frequently Asked Questions

Can I hold both TSOL and SOLT in my portfolio?

With a correlation of 1.00, TSOL and SOLT move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, TSOL or SOLT?

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 SOLT?

TSOL is cheaper with a 0.21% expense ratio, compared with 1.85% for SOLT.

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

SOLT has the higher dividend yield at 5.98%, compared with 4.78% for TSOL.

What is the main difference between TSOL and SOLT?

TSOL is categorized as Cryptocurrency, while SOLT is Blockchain. They also come from different issuers: 21Shares and Volatility Shares. Their fees differ too: 0.21% for TSOL and 1.85% for SOLT.