VSOL vs. HODL

Last updated Jun 4, 2026

VSOL (VanEck Solana ETF) and HODL (VanEck Bitcoin Trust) are both Cryptocurrency funds from VanEck. VSOL is actively managed, while HODL is passively managed. Their correlation of 0.88 suggests significant overlap in exposure. VSOL charges 0.30%/yr vs 0.25%/yr for HODL.

Performance

VSOL vs. HODL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Solana ETF (VSOL) and VanEck Bitcoin Trust (HODL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VSOL achieves a -40.84% return, which is significantly lower than HODL's -27.34% return.

VSOL

• 1D: -4.61%
• 1M: -14.43%
• YTD: -40.84%
• 6M: -47.89%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HODL

• 1D: -2.76%
• 1M: -22.17%
• YTD: -27.34%
• 6M: -31.31%
• 1Y: -39.52%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VSOL vs. HODL - Yearly Performance Comparison

	2026 (YTD)	2025
VSOL VanEck Solana ETF	-40.84%	-4.01%
HODL VanEck Bitcoin Trust	-27.34%	-4.77%

Correlation

The correlation between VSOL and HODL is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 18, 2025	0.88

Return for Risk

VSOL vs. HODL — Risk / Return Rank

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

HODL

HODL Risk / Return Rank: 2
HODL Sharpe Ratio Rank: 2
HODL Sortino Ratio Rank: 2
HODL Omega Ratio Rank: 2
HODL Calmar Ratio Rank: 2
HODL 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.

VSOL vs. HODL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Solana ETF (VSOL) and VanEck Bitcoin Trust (HODL). 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

	VSOL	HODL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.91	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.90	0.28	-1.18

Drawdowns

VSOL vs. HODL - Drawdown Comparison

The maximum VSOL drawdown since its inception was -50.27%, roughly equal to the maximum HODL drawdown of -49.37%. Use the drawdown chart below to compare losses from any high point for VSOL and HODL.

Drawdown Indicators

	VSOL	HODL	Difference
Max Drawdown Largest peak-to-trough decline	-50.27%	-49.37%	-0.90%
Max Drawdown (1Y) Largest decline over 1 year	—	-49.37%	—
Current Drawdown Current decline from peak	-50.27%	-49.37%	-0.90%
Average Drawdown Average peak-to-trough decline	-28.83%	-16.03%	-12.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	28.52%	—

Volatility

Volatility by Period

	VSOL	HODL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.05%	—
Volatility (6M) Calculated over the trailing 6-month period	—	33.85%	—
Volatility (1Y) Calculated over the trailing 1-year period	72.67%	43.55%	+29.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	72.67%	49.88%	+22.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	72.67%	49.88%	+22.79%

VSOL vs. HODL - Expense Ratio Comparison

VSOL has a 0.30% expense ratio, which is higher than HODL's 0.25% expense ratio.

Dividends

VSOL vs. HODL - Dividend Comparison

Neither VSOL nor HODL has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both VSOL and HODL in my portfolio?

VSOL and HODL have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VSOL or HODL?

On fees, HODL is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VSOL or HODL?

HODL is cheaper with a 0.25% expense ratio, compared with 0.30% for VSOL.

Which ETF pays a higher dividend yield, VSOL or HODL?

VSOL and HODL have nearly identical dividend yields, around 0.00%.

What is the main difference between VSOL and HODL?

Their fees differ too: 0.30% for VSOL and 0.25% for HODL.