SOLZ vs SPY
Solana ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SOLZ has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | SOLZ | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.00% | 0.09% | |
| AUM | $90M | $789.1B | |
| Dividend Yield | 3.66% | 1.01% | |
| Holdings | 2 | 505 | |
| YTD Return | -44.28% | +13.79% | |
| 1Y Return | -59.82% | +23.66% | |
| 3Y Return (annualized) | - | +21.40% | |
| 5Y Return (annualized) | - | +13.37% | |
| Volatility (annualized) | 43.8% | 15.3% | |
| Max Drawdown | -75.7% | -56.5% | |
| Fund Family | Volatility Shares, LLC | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Mar 20, 2025 | Jan 22, 1993 |
SOLZ vs SPY Performance
Solana ETF (SOLZ) is a ETF from Volatility Shares, LLC and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year SOLZ returned -59.82% while SPY returned +23.66%. Year to date, SOLZ is down 44.28% versus a gain of 13.79% for SPY.
Risk: Volatility and Drawdowns
SOLZ has been the more volatile fund, with annualized monthly volatility of 43.8% compared with 15.3% 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 -75.7% for SOLZ and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.25. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SOLZ charges 0.00% per year while SPY charges 0.09%. On a $10,000 position that is $0 vs $9 annually, a gap of $9 per year that compounds over a long holding period. On income, SOLZ currently yields 3.66% against 1.01% for SPY.
Frequently Asked Questions
Which is cheaper, SOLZ or SPY?
SOLZ has an expense ratio of 0.00% while SPY charges 0.09%. SOLZ is the cheaper option. On a $10,000 investment, that is $9 per year of difference.
Which performed better, SOLZ or SPY?
Over the past year SOLZ returned -59.82% vs +23.66% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (1 years), SOLZ annualized -38.13% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, SOLZ or SPY?
SOLZ has been the more volatile fund at 43.8% annualized versus 15.3% for SPY. Worst drawdown: SOLZ -75.7% vs SPY -56.5%.
Should I hold both SOLZ and SPY?
SOLZ and SPY have a monthly-return correlation of 0.25, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, SOLZ or SPY?
SOLZ yields 3.66% while SPY yields 1.01%, so SOLZ currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.