TSOL vs. THYP

Last updated Jul 12, 2026

TSOL (21Shares Solana ETF) and THYP (21Shares Hyperliquid ETF) are both Cryptocurrency funds from 21Shares. Both are actively managed. A 0.62 correlation means they provide meaningful diversification when combined.

Performance

TSOL vs. THYP - Performance Comparison

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

Returns By Period

TSOL

• 1D: -0.26%
• 1M: 16.71%
• 6M: -41.93%
• YTD: -36.57%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

THYP

• 1D: 0.63%
• 1M: 14.87%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TSOL vs. THYP - Yearly Performance Comparison

	2026 (YTD)
TSOL 21Shares Solana ETF	-20.31%
THYP 21Shares Hyperliquid ETF	55.99%

Correlation

The correlation between TSOL and THYP is 0.62, 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	0.62

Return for Risk

TSOL vs. THYP - Risk-Adjusted Trends Comparison

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

TSOL vs. THYP - Drawdown Comparison

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

Drawdown Indicators

	TSOL	THYP	Difference
Max Drawdown Largest peak-to-trough decline	-56.62%	-27.01%	-29.61%
Current Drawdown Current decline from peak	-46.61%	-8.73%	-37.88%
Average Drawdown Average peak-to-trough decline	-32.55%	-7.92%	-24.63%

Volatility

Volatility by Period

	TSOL	THYP	Difference
Volatility (1Y) Calculated over the trailing 1-year period	72.99%	103.43%	-30.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	72.99%	103.43%	-30.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	72.99%	103.43%	-30.44%

Dividends

TSOL vs. THYP - Dividend Comparison

TSOL's dividend yield for the trailing twelve months is around 4.90%, more than THYP's 0.10% yield.

Position	TTM
THYP 21Shares Hyperliquid ETF	0.10%
TSOL 21Shares Solana ETF	4.90%

Frequently Asked Questions

Can I hold both TSOL and THYP in my portfolio?

TSOL and THYP have a correlation of 0.62, 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, TSOL or THYP?

TSOL has the higher dividend yield at 4.90%, compared with 0.10% for THYP.