SOLT vs SPY
2x Solana ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, SOLT or SPY?
Leverage Strategy against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | SOLT | SPY |
|---|---|---|
| Expense Ratio | 2.92% | 0.09%Best |
| AUM | $183M | $804.7B |
| Dividend Yield | 2.57% | 0.98% |
| Holdings | 3 | 505 |
| YTD Return | -49.41% | +12.09%Best |
| 1Y Return | -89.34% | +16.29%Best |
| 3Y Return (annualized) | - | +21.20% |
| 5Y Return (annualized) | - | +13.37% |
| Volatility (annualized) | 115.2% | 12.1%Best |
| Max Drawdown | -96.3% | -13.7%Best |
| $10,000 over 1.5 years | $2,602 | $13,706Best |
| Fund Family | Volatility Shares, LLC | State Street Investment Management |
| Category | Alternative | Equity |
| Style | Leverage Strategy | Large Cap Blend |
| Inception | Mar 20, 2025 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.5 years row, are measured over the window both funds cover: Mar 20, 2025 to Sep 18, 2026 (1.5 years).
SOLT vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1.5 years both funds cover.
SOLT vs SPY Performance
2x Solana ETF (SOLT) is an ETF from Volatility Shares, LLC and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year SOLT returned -89.34% while SPY returned +16.29%. Year to date, SOLT is down 49.41% versus a gain of 12.09% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SOLT has been the more volatile fund, with annualized monthly volatility of 115.2% compared with 12.1% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -96.3% for SOLT and -13.7% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.19. They move largely independently of each other.
Fees and Cost Over Time
SOLT charges 2.92% per year while SPY charges 0.09%. On a $10,000 position that is $292 vs $9 annually, a gap of $283 per year that compounds over a long holding period. On income, SOLT currently yields 2.57% against 0.98% for SPY.
You are not choosing between two funds in isolation.
Whichever of SOLT and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, SOLT or SPY?
SOLT has an expense ratio of 2.92% while SPY charges 0.09%. SPY is the cheaper option, by $283 a year on a $10,000 investment.
Which performed better, SOLT or SPY?
Over the past year SOLT returned -89.34% vs +16.29% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), SOLT annualized -59.24% vs +23.39% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SOLT or SPY?
SOLT has been the more volatile fund at 115.2% annualized versus 12.1% for SPY. Worst drawdown: SOLT -96.3% vs SPY -13.7%.
Should I hold both SOLT and SPY?
SOLT and SPY have a monthly-return correlation of 0.19, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, SOLT or SPY?
SOLT yields 2.57% while SPY yields 0.98%, so SOLT currently pays the higher dividend yield.
Is SPY better than SOLT?
SPY has a lower expense ratio. SPY led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.