Data as of .
FSOL vs SOEZ: which tracked its coin?
Over the window both share, FSOL finished 0.96 of a percentage point ahead of Solana and SOEZ 1.8 ahead.
ETFIQ Coin Capture Score: SOEZ scores higher
How much of what holding the coin gave did a holder of the fund keep?
A percentile among the 28 spot crypto ETPs listed less than a year. It is a position in a set, not a rating, and neither end of it is a recommendation. All crypto ETFs ranked by it · How it is computed
The same coin, two trusts
FSOL and SOEZ hold the same asset. Both are 1933 Act trusts holding Solana through a custodian, so neither has a portfolio to compare: the whole of each fund is one line. Over the days each has traded, FSOL finished 1.7 percentage points ahead of Solana and SOEZ 6.0% ahead once both returns are compounded, but the two windows are not the same days, so neither figure is set against the other here. That gap is the fee, the custody, the creation and redemption friction and the market’s pricing of the shares, compounded into one figure.
Performance, window by window
| Window | Total return | The coin over the same days | Difference, percentage points | |||
|---|---|---|---|---|---|---|
| FSOL | SOEZ | FSOL | SOEZ | FSOL | SOEZ | |
| 1 month | +35.4% | +35.6% | +35.6% | +35.6% | −0.2 pts | 0.0 pts |
| 3 months | +53.9% | +54.7% | +53.4% | +53.4% | +0.6 pts | +1.4 pts |
| 6 months | +17.1% | +17.9% | +16.1% | +16.1% | +1.0 pts | +1.8 pts |
| Since each listed | −25.5% | −24.9% | −27.2% | −29.2% | +1.7 pts | +6.0% of its growth |
| FSOL Fidelity Solana Fund Holds Solana through a custodian, listed Nov 18, 2025 | SOEZ Franklin Solana Trust Holds Solana through a custodian, listed Dec 3, 2025 | |
|---|---|---|
| Sponsor | Fidelity | Franklin |
| Holds | Solana | Solana |
| Net assets | not read | $9m, balance sheet of Jun 30, 2026 |
| Sponsor’s fee | 0.25% | 0.19% |
| Fee waiver | none | the whole fee, first $5.0 billion of assets |
| Staking | the filings say it does | the filings say it does |
| Listed | Nov 18, 2025 | Dec 3, 2025 |
| Days since listing | 297 days | 282 days |
| Days it has traded | 204 | 194 |
| Days it closed unchanged | 3 | 0 |
| Quoted | on an exchange, every trading day | on an exchange, every trading day |
| Fund returned, 1 year or since launch | −25.5% | −24.9% |
| The coin over the same days | −27.2% | −29.2% |
| Difference, percentage points | +1.7 pts | +6.0% of its growth |
| Fund returned since it listed | −25.5% | −24.9% |
| Difference since it listed | +1.7 pts | +6.0% of its growth |
| Price | $12.13 | $17.6856 |
FSOL in plain words
FSOL holds Solana through a custodian and trades on an exchange, so a holder gets the coin’s return inside a brokerage account rather than a wallet. Over the time since it listed to Sep 11, 2026, Solana moved −27.2% and FSOL returned −25.5%. That leaves it 1.7 percentage points ahead. That difference is the fee, the custody cost, the friction of creating and redeeming shares in blocks, and whatever the market paid for the shares rather than for the coin, all of it together. It is the only figure on this page the sponsor does not publish itself. FSOL charges 0.25% a year and still finished 1.7% ahead of Solana, which a fee cannot do on its own. Solana is a proof of stake chain, so a fund holding it can stake. FSOL’s own filings say it does (424B3, Aug 21, 2026). What the prices show is that it finished 1.7% ahead of Solana’s own price over the same days, against +3.1% for the other 8 funds holding Solana. After a fee, an in-kind ETP ahead of the asset it holds got there by staking. A spot trust is not a registered investment company. It files a 10-K rather than an N-PORT, and its holding is one line: the Solana it custodies.
SOEZ in plain words
SOEZ holds Solana through a custodian and trades on an exchange, so a holder gets the coin’s return inside a brokerage account rather than a wallet. Over the time since it listed to Sep 11, 2026, Solana moved −29.2% and SOEZ returned −24.9%. That leaves it 6.0% ahead once both returns are compounded. Over a window this long the two returns cannot simply be subtracted. Doing it would read +4.3 pts, which is arithmetically correct and describes nothing a holder can act on: what the figure above states is the gap between the two growth factors, so a fund that kept 106% of what holding the coin gave says exactly that. SOEZ charges 0.19% a year and still finished 6.0% ahead of Solana, which a fee cannot do on its own. SOEZ’s own filings say it does (424B3, Aug 26, 2026). What the prices show is that it finished 6.0% ahead of Solana’s own price over the same days, against +2.9% for the other 8 funds holding Solana.
Questions people ask
- Which tracked Solana more closely, FSOL or SOEZ?
- Over the days each has traded, FSOL finished 1.7 percentage points ahead of Solana and SOEZ 6.0% ahead once both returns are compounded. Those are not set against each other here, because the two windows are not the same days, so neither is nearer its coin than the other on this page. Each difference carries the fee, the custody cost, the friction of creating and redeeming shares in blocks and whatever the market paid for the shares rather than for the coin.
- Do FSOL or SOEZ pay a staking yield?
- Solana is a proof of stake chain, so staking is possible. Whether either trust stakes, and what the sponsor keeps of it, is a term in its own filings and is read from those rather than assumed.
- What is the difference between FSOL and SOEZ?
- Both hold Solana through a custodian and both trade on an exchange, so what separates them is what each costs a holder over time. FSOL is sponsored by Fidelity and listed Nov 18, 2025; SOEZ by Franklin, listed Dec 3, 2025.
- Which is cheaper, FSOL or SOEZ?
- FSOL charges 0.25% a year and SOEZ charges 0.19%, so SOEZ is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, FSOL against SOEZ, data as of Sep 11, 2026. https://etfiq.com/compare/crypto/FSOL-SOEZ Free to use with attribution; the underlying files are at Open data.