Data as of .
SOLZ vs VSOL: which tracked its coin?
Over the window both share, SOLZ finished 2.5 percentage points behind Solana and VSOL 1.0 ahead.
ETFIQ Coin Capture Score: VSOL scores higher
How much of what holding the coin gave did a holder of the fund keep?
A percentile among the 24 spot crypto ETPs with a full 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
SOLZ and VSOL 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, SOLZ finished 4.7% behind Solana once both returns are compounded and VSOL 3.1 percentage points ahead, 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. SOLZ has 242 more days of record than VSOL, and a longer record is a longer window over which a cost can show itself.
Performance, window by window
| Window | Total return | The coin over the same days | Difference, percentage points | |||
|---|---|---|---|---|---|---|
| SOLZ | VSOL | SOLZ | VSOL | SOLZ | VSOL | |
| 1 month | +34.4% | +35.3% | +35.6% | +35.6% | −1.1 pts | −0.3 pts |
| 3 months | +52.6% | +54.5% | +53.4% | +53.4% | −0.8 pts | +1.1 pts |
| 6 months | +13.6% | +17.2% | +16.1% | +16.1% | −2.5 pts | +1.0 pts |
| 1 year | −57.3% | not published | −55.2% | not published | −4.7% of its growth | not published |
| Since each listed | −29.1% | −18.6% | −19.7% | −21.7% | −11.8% of its growth | +3.1 pts |
| SOLZ Solana ETF Holds Solana through a custodian, listed Mar 20, 2025 | VSOL VanEck Solana ETF Holds Solana through a custodian, listed Nov 17, 2025 | |
|---|---|---|
| Sponsor | Solana | VanEck |
| Holds | Solana | Solana |
| Net assets | not read | $14m, balance sheet of Jun 30, 2026 |
| Sponsor’s fee | not read | 0.30% |
| Fee waiver | none | the whole fee, until February 17, 2026, first $1 billion of assets |
| Staking | possible; no clear answer read | the filings say it does |
| Listed | Mar 20, 2025 | Nov 17, 2025 |
| Days since listing | 540 days | 298 days |
| Days it has traded | 372 | 205 |
| Days it closed unchanged | 1 | 0 |
| Quoted | on an exchange, every trading day | on an exchange, every trading day |
| Fund returned, 1 year or since launch | −57.3% | −18.6% |
| The coin over the same days | −55.2% | −21.7% |
| Difference, percentage points | −4.7% of its growth | +3.1 pts |
| Fund returned since it listed | −29.1% | −18.6% |
| Difference since it listed | −11.8% of its growth | +3.1 pts |
| Price | $10.16 | $13.72 |
SOLZ in plain words
SOLZ 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 year to Sep 11, 2026, Solana moved −55.2% and SOLZ returned −57.3%. That leaves it 4.7% behind once both returns are compounded. Over a window this long the two returns cannot simply be subtracted. Doing it would read −2.1 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 95% of what holding the coin gave says exactly that. 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. 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.
VSOL in plain words
VSOL 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 −21.7% and VSOL returned −18.6%. That leaves it 3.1 percentage points ahead. VSOL charges 0.30% a year and still finished 3.1% 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. VSOL’s own filings say it does (10-Q, Aug 13, 2026). What the prices show is that it finished 3.1% ahead of Solana’s own price over the same days, against +2.9% for the other 8 funds holding Solana. After a fee, an in-kind ETP ahead of the asset it holds got there by staking.
Questions people ask
- Which tracked Solana more closely, SOLZ or VSOL?
- Over the days each has traded, SOLZ finished 4.7% behind Solana once both returns are compounded and VSOL 3.1 percentage points ahead. 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 SOLZ or VSOL pay a staking yield?
- What is the difference between SOLZ and VSOL?
- Both hold Solana through a custodian and both trade on an exchange, so what separates them is what each costs a holder over time. SOLZ is sponsored by Solana and listed Mar 20, 2025; VSOL by VanEck, listed Nov 17, 2025.
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, SOLZ against VSOL, data as of Sep 11, 2026. https://etfiq.com/compare/crypto/SOLZ-VSOL Free to use with attribution; the underlying files are at Open data.