SOEZ vs SSK: Tracking, Returns & Fees
Over the window both share, SOEZ finished 2.8 percentage points ahead of Solana and SSK 2.3 ahead. Net assets: $16m on Oct 20, 2026 for Franklin Solana Trust, and $92m on Oct 19, 2026 for REX-Osprey SOL + Staking ETF.
SOEZ costs 0.56 points a year less.
| SOEZ | SSK | |
|---|---|---|
| Expense ratio | 0.19% | 0.75% |
| Net assets, SOEZ as of Oct 20, 2026 and SSK as of Oct 19, 2026 | $16m | $92m |
| Total return, 1 year | not published | −40.6% |
| What it tracks | Solana | Solana |
| Holdings in common | not published | |
| Other funds holding Solana | +2.8%, 9 funds | +2.8%, 9 funds |
| Reports to the SEC on | 10-K, not N-PORT | |
SOEZ since launch: fund −21.77%, Solana −25.19%, 4.58% ahead of Solana, compounded. Figures to Oct 20, 2026.
Figures to Oct 20, 2026.
SSK over 1 year: fund −40.64%, Solana −43.88%, 5.77% ahead of Solana, compounded. Figures to Oct 20, 2026.
Figures to Oct 20, 2026.
The same coin, two trusts
SOEZ and SSK are both exposed to Solana. SSK is a registered investment company whose monthly N-PORT lists what it holds. SOEZ is a 1933 Act trust holding Solana through a custodian. Over the days each has traded, SOEZ finished 4.6% ahead of Solana once both returns are compounded and SSK 5.8% 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. SSK has 154 more days of record than SOEZ, and a longer record is a longer window over which a cost can show itself.
Performance, window by window
| Total return | The coin over the same days | Difference, percentage points | ||||
|---|---|---|---|---|---|---|
| Window | SOEZ | SSK | SOEZ | SSK | SOEZ | SSK |
| 1 month | −6.9% | −7.1% | −7.1% | −7.1% | +0.2 pts | 0.0 pts |
| 3 months | +37.8% | +37.4% | +36.2% | +36.2% | +1.6 pts | +1.2 pts |
| 6 months | +28.1% | +27.7% | +25.3% | +25.3% | +2.8 pts | +2.3 pts |
| 1 year | – | −40.6% | – | −43.9% | – | +5.8% of its growth |
| Since each listed Not the same days: SOEZ Dec 2025 · SSK Jul 2025 | −21.8% | −32.5% | −25.2% | −30.7% | +4.6% of its growth | −1.7 pts |
Source: ETFIQ. – means no data for this window, usually because the fund is younger than it. Open this comparison in the app →
On the same fields
As of Oct 20, 2026. Source: ETFIQ.
About SOEZ
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 launch to Oct 20, 2026, Solana moved −25.2% and SOEZ returned −21.8%. That leaves it 4.6% ahead once both returns are compounded. Over a window this long the two returns cannot simply be subtracted. 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. SOEZ charges 0.19% a year and finished 4.6% 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. What the prices show is that it finished 4.6% ahead of Solana’s own price over the same days, against +2.8% for the other 9 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.
Doing it would read +3.4 pts, which is 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 105% of what holding the coin gave says exactly that. SOEZ’s own filings say it does (424B3, Aug 26, 2026).
About SSK
SSK is a registered fund investing in Solana and trades on an exchange, so a holder gets exposure to the coin inside a brokerage account rather than a wallet. Over the year to Oct 20, 2026, Solana moved −43.9% and SSK returned −40.6%. That leaves it 5.8% ahead once both returns are compounded. SSK’s own filings say it does (the fund’s registered name, ). What the prices show is that it finished 5.8% ahead of Solana’s own price over the same days, against +2.8% for the other 9 funds holding Solana.
Doing it would read +3.2 pts, which is 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. SSK is a registered investment company: it files a monthly N-PORT rather than a 10-K. Its N-PORT for Jul 31, 2026 puts 55.1% of its net assets in Coins held directly and 43.2% in CoinShares Solana Staking ETP.
Questions people ask
- Which tracked Solana more closely, SOEZ or SSK?
- Over the days each has traded, SOEZ finished 4.6% ahead of Solana once both returns are compounded and SSK 5.8% 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 SOEZ or SSK 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.
ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.
How this is computed
Every figure is an ETFIQ calculation with distributions reinvested.
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ETFIQ, SOEZ against SSK, data as of Oct 20, 2026. https://etfiq.com/compare/crypto/soez-vs-ssk
ETFIQ. (Oct 20, 2026). SOEZ against SSK. Retrieved from https://etfiq.com/compare/crypto/soez-vs-ssk
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