QSOL vs SOLC: which tracked its coin?

Against Solana, QSOL finished −2.5% and SOLC −1.3%, once both returns are compounded. Invesco Galaxy Solana ETF and Canary Marinade Solana ETF.

−4.6%
QSOL returned, since launch
−13.3%
SOLC returned, since launch
+3.0 pts
QSOL against Solana, in percentage points
+2.8 pts
SOLC against Solana, in percentage points
QSOL · since launch to Sep 30, 20263 pts from Solana
3 pts from SolanaQSOL since launch: fund −4.57%, Solana −7.62%, 3.05 pts ahead of Solana.Solana−7.62%QSOL−4.57%3.05 pts ahead of SolanaTotal return, since launch, fund against the coin3 pts from SolanaQSOL since launch: fund −4.57%, Solana −7.62%, 3.05 pts ahead of Solana.Solana−7.62%QSOL−4.57%3.05 pts ahead of SolanaTotal return, since launch

QSOL since launch: fund −4.57%, Solana −7.62%, 3.05 pts ahead of Solana.

SOLC · since launch to Sep 30, 20262.8 pts from Solana
2.8 pts from SolanaSOLC since launch: fund −13.29%, Solana −16.07%, 2.78 pts ahead of Solana.Solana−16.07%SOLC−13.29%2.78 pts ahead of SolanaTotal return, since launch, fund against the coin2.8 pts from SolanaSOLC since launch: fund −13.29%, Solana −16.07%, 2.78 pts ahead of Solana.Solana−16.07%SOLC−13.29%2.78 pts ahead of SolanaTotal return, since launch

SOLC since launch: fund −13.29%, Solana −16.07%, 2.78 pts ahead of Solana.

ETFIQ Coin Capture Score · QSOL scores higherHow much of what holding the coin gave did a holder of the fund keep?
2.0, the lowest in this set98.0, the highest

A percentile among the 25 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

QSOL and SOLC 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, QSOL finished 3.0 percentage points ahead of Solana and SOLC 2.8 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.

Performance, window by window

Total returnThe coin over the same daysDifference, percentage points
WindowQSOLSOLCQSOLSOLCQSOLSOLC
1 month+13.4%+13.3%+14.6%+14.6%−1.2 pts−1.3 pts
3 months+53.9%+54.3%+52.6%+52.6%+1.4 pts+1.7 pts
6 months+41.8%+43.5%+45.4%+45.4%−2.5% of its growth−1.9 pts
Since each listed
QSOL Dec 2025 · SOLC Nov 2025
−4.6%−13.3%−7.6%−16.1%+3.0 pts+2.8 pts

QSOL and SOLC over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

QSOL
Invesco Galaxy Solana ETF · Holds Solana through a custodian, listed Dec 15, 2025
SOLC
Canary Marinade Solana ETF · Holds Solana through a custodian, listed Nov 18, 2025
Sponsor Invesco Canary
Holds Solana Solana
Net assets not read not read
Sponsor’s fee 0.25% 0.50%
Fee waiver none the whole fee
Staking the filings say it does the filings say it does
Listed Dec 15, 2025 Nov 18, 2025
Days since listing 289 days 316 days
Days it has traded 199 217
Days it closed unchanged 2 0
Quoted on an exchange, every trading day on an exchange, every trading day
Fund returned, 1 year or since launch −4.6% −13.3%
The coin over the same days −7.6% −16.1%
Difference, percentage points +3.0 pts +2.8 pts
Fund returned since it listed −4.6% −13.3%
Difference since it listed +3.0 pts +2.8 pts
Price $11.76 $23.6718

QSOL and SOLC on the same fields, as of Sep 30, 2026. Source: ETFIQ.

QSOL in plain words

QSOL 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 30, 2026, Solana moved −7.6% and QSOL returned −4.6%. That leaves it 3.0 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. QSOL charges 0.25% a year and finished 3.0% 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. QSOL’s own filings say it does (10-Q, Aug 7, 2026). What the prices show is that it finished 3.0% ahead of Solana’s own price over the same days, against +3.4% for the other 7 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.

SOLC in plain words

SOLC 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 30, 2026, Solana moved −16.1% and SOLC returned −13.3%. That leaves it 2.8 percentage points ahead. SOLC charges 0.50% a year and finished 2.8% ahead of Solana, which a fee cannot do on its own. SOLC’s own filings say it does (10-Q, Aug 7, 2026). What the prices show is that it finished 2.8% ahead of Solana’s own price over the same days, against +3.4% for the other 7 funds holding Solana.

Questions people ask

Which tracked Solana more closely, QSOL or SOLC?
Over the days each has traded, QSOL finished 3.0 percentage points ahead of Solana and SOLC 2.8 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 QSOL or SOLC 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 QSOL and SOLC?
Both hold Solana through a custodian and both trade on an exchange, so what separates them is what each costs a holder over time. QSOL is sponsored by Invesco and listed Dec 15, 2025; SOLC by Canary, listed Nov 18, 2025.
Which is cheaper, QSOL or SOLC?
QSOL charges 0.25% a year and SOLC charges 0.50%, so QSOL 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. A comparison is not a recommendation.

Cite this page

ETFIQ, QSOL against SOLC, data as of Sep 30, 2026. https://etfiq.com/compare/crypto/qsol-vs-solc

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.