VSOL vs. MSBT

Last updated Jun 4, 2026

VSOL (VanEck Solana ETF) and MSBT (Morgan Stanley Bitcoin Trust) are both Cryptocurrency funds. VSOL is actively managed, while MSBT is passively managed. A 0.78 correlation means they provide meaningful diversification when combined. VSOL charges 0.30%/yr vs 0.14%/yr for MSBT.

Performance

VSOL vs. MSBT - Performance Comparison

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

Returns By Period

VSOL

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

MSBT

• 1D: -2.70%
• 1M: -18.41%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VSOL vs. MSBT - Yearly Performance Comparison

	2026 (YTD)
VSOL VanEck Solana ETF	-12.84%
MSBT Morgan Stanley Bitcoin Trust	-8.40%

Correlation

The correlation between VSOL and MSBT is 0.78, 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 Apr 9, 2026	0.78

Return for Risk

VSOL vs. MSBT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Solana ETF (VSOL) and Morgan Stanley Bitcoin Trust (MSBT). 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	MSBT	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.90	-1.33	+0.43

Drawdowns

VSOL vs. MSBT - Drawdown Comparison

The maximum VSOL drawdown since its inception was -50.27%, which is greater than MSBT's maximum drawdown of -20.25%. Use the drawdown chart below to compare losses from any high point for VSOL and MSBT.

Drawdown Indicators

	VSOL	MSBT	Difference
Max Drawdown Largest peak-to-trough decline	-50.27%	-20.25%	-30.02%
Current Drawdown Current decline from peak	-50.27%	-20.25%	-30.02%
Average Drawdown Average peak-to-trough decline	-28.83%	-3.91%	-24.92%

Volatility

Volatility by Period

	VSOL	MSBT	Difference
Volatility (1Y) Calculated over the trailing 1-year period	72.67%	32.92%	+39.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	72.67%	32.92%	+39.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	72.67%	32.92%	+39.75%

VSOL vs. MSBT - Expense Ratio Comparison

VSOL has a 0.30% expense ratio, which is higher than MSBT's 0.14% expense ratio.

Dividends

VSOL vs. MSBT - Dividend Comparison

Neither VSOL nor MSBT has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both VSOL and MSBT in my portfolio?

VSOL and MSBT have a correlation of 0.78, 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 MSBT?

On fees, MSBT is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VSOL or MSBT?

MSBT is cheaper with a 0.14% expense ratio, compared with 0.30% for VSOL.

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

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

What is the main difference between VSOL and MSBT?

They also come from different issuers: VanEck and Morgan Stanley. Their fees differ too: 0.30% for VSOL and 0.14% for MSBT.