TTOP vs. SOEZ

Last updated Apr 2, 2026

Compare and contrast key facts about 21Shares FTSE Crypto 10 Index ETF (TTOP) and Franklin Solana ETF (SOEZ).

TTOP and SOEZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TTOP is a passively managed fund by 21Shares that tracks the performance of the FTSE Crypto 10 Select Index. It was launched on Nov 12, 2025. SOEZ is an actively managed fund by Franklin. It was launched on Dec 3, 2025.

Performance

TTOP vs. SOEZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in 21Shares FTSE Crypto 10 Index ETF (TTOP) and Franklin Solana ETF (SOEZ). The values are adjusted to include any dividend payments, if applicable.

TTOP vs. SOEZ - Yearly Performance Comparison

	2026 (YTD)	2025
TTOP 21Shares FTSE Crypto 10 Index ETF	-22.30%	-7.74%
SOEZ Franklin Solana ETF	-31.67%	-11.97%

Returns By Period

In the year-to-date period, TTOP achieves a -22.30% return, which is significantly higher than SOEZ's -31.67% return.

TTOP

• 1D: 2.00%
• 1M: 0.39%
• YTD: -22.30%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SOEZ

• 1D: 1.61%
• 1M: -3.90%
• YTD: -31.67%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TTOP vs. SOEZ - Expense Ratio Comparison

TTOP has a 0.50% expense ratio, which is higher than SOEZ's 0.19% expense ratio.

TTOP

21Shares FTSE Crypto 10 Index ETF

SOEZ

Franklin Solana ETF

Return for Risk

TTOP vs. SOEZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 21Shares FTSE Crypto 10 Index ETF (TTOP) and Franklin Solana ETF (SOEZ). 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

	TTOP	SOEZ	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-1.07	-1.03	-0.05

Correlation

The correlation between TTOP and SOEZ is 0.95, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

TTOP vs. SOEZ - Dividend Comparison

TTOP has not paid dividends to shareholders, while SOEZ's dividend yield for the trailing twelve months is around 0.09%.

	TTM
TTOP 21Shares FTSE Crypto 10 Index ETF	0.00%
SOEZ Franklin Solana ETF	0.09%

Drawdowns

TTOP vs. SOEZ - Drawdown Comparison

The maximum TTOP drawdown since its inception was -37.32%, smaller than the maximum SOEZ drawdown of -47.78%. Use the drawdown chart below to compare losses from any high point for TTOP and SOEZ.

Drawdown Indicators

	TTOP	SOEZ	Difference
Max Drawdown Largest peak-to-trough decline	-37.32%	-47.78%	+10.46%
Current Drawdown Current decline from peak	-30.99%	-42.58%	+11.59%
Average Drawdown Average peak-to-trough decline	-18.33%	-25.30%	+6.97%

Volatility

Volatility by Period

	TTOP	SOEZ	Difference
Volatility (1Y) Calculated over the trailing 1-year period	58.94%	77.92%	-18.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	58.94%	77.92%	-18.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	58.94%	77.92%	-18.98%