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SOEZ vs VSOL

Franklin Solana ETF

SOEZANYSE Arca

VanEck Solana ETF

VSOLBNasdaq

Overlap

Expense ratio

SOEZ −0.11pt a year

SOEZ0.19%VSOL0.30%

Avg volume · 30D

VSOL 2.5×the volume

SOEZ13.1KVSOL32.3K

SOEZ vs VSOL Performance

Dec 31, 2025 – Oct 30, 2026

−20.5%SOEZ−20.9%VSOL

Dec 31, 2025 to Oct 30, 2026. SOEZ −20.5%. VSOL −20.9%. Use the arrow keys to read each point.−40%−10%0%10%20%Dec 2025Jun 2026Oct 2026
Expense ratio
SOEZ 0.19%, better
VSOL 0.30%
Fund size
SOEZ $14M
VSOL $19M
Holdings
SOEZ 1
VSOL 1
Avg volume (30D)
SOEZ 13.1K sh
VSOL 32.3K sh, better
NAV per share
SOEZ $16.30
VSOL $12.27
52W range

ETF.net Grade

SOEZ: Cost 74, Risk 55, Mission 100, Tradability 39, Holdings not scored, Durability 46. VSOL: Cost 33, Risk 62, Mission 100, Tradability 58, Holdings 56, Durability 61.
Pillar letters and Scores for SOEZ, VSOL, with each pillar’s weight
PillarSOEZVSOL
Cost30% weightA74HigherD33
Mission25% weightA100A100
Risk15% weightB55B62Higher
Tradability15% weightD39B58Higher
Holdings10% weightNot scoredB56
Durability5% weightC46B61Higher

Rank among Spot Solana funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. SOEZ and VSOL are both graded against the same 9 Spot Solana funds, so their Grades compare head to head.

Spot Solana⁠

Category · 9 funds
See all 9 ›

SOEZ ranks 4th and VSOL 5th of 9 funds in the Spot Solana Category.

  1. Rank 1AMSOLMorgan Stanley Solana TrustScore 82
  2. Rank 2AGSOLGrayscale Solana Staking ETFScore 73
  3. Rank 3ABSOLBitwise Solana Staking ETFScore 71
  4. Rank 4ASOEZFranklin Solana ETFScore 70
  5. Rank 5BVSOLVanEck Solana ETFScore 62
  6. Rank 6BQSOLInvesco Galaxy Solana ETFScore 61

Our read on each fund

ETF.net Research

SOEZAFranklin Solana ETF

VSOLBVanEck Solana ETF

In short

SOEZ Franklin's entry into the spot Solana pile-up: one asset, no derivatives, staking switched on up to 100% where practicable, at 0.19% with no fee waiver propping up the number.

VSOL VanEck was first in line at the SEC with a US Solana filing in June 2024, then arrived after the crowd. VSOL is a grantor trust that holds SOL outright and stakes part of it for network rewards.

Stated mandate

SOEZ The Fund seeks to track the price performance of Solana, before deducting its expenses.

VSOL The Trust seeks to track Solana's price and staking rewards on part of its SOL holdings, after operating expenses.

Why people hold it

  • SOEZ 0.19% gross and net, no waiver doing the work. That undercuts same-index rivals TSOL (0.21%), VSOL (0.30%) and SOLC (0.50%), and matches GSOL (0.19%).
  • Seeks to stake as much of the fund's Solana as is practicable, up to 100%, with rewards received back in SOL tokens.franklintempleton.com
  • Plain plumbing: Solana held by a custodian, no leverage and no derivatives in the strategy. One asset, nothing else riding along.sec.gov
  • Sits in the upper half of its spot Solana peer group while doing exactly what the prospectus says: track Solana's price before expenses.
  • VSOL Holds real SOL and stakes a slice of it, passing the network's staking rewards through after expenses. No wallet, no seed phrase, no validator to babysit.vaneck.com
  • Two separate crypto custodians, Gemini Trust and Coinbase Custody, hold the trust's SOL, and authorized participants can create or redeem baskets in cash or in kind.vaneck.com
  • Only part of the SOL is staked, leaving unstaked coins on hand for redemptions instead of locking the whole pot behind unstaking queues.vaneck.com
  • VanEck put the first US Solana trust registration on the SEC's desk in June 2024, and already ran spot bitcoin and ether funds before this one listed.cointelegraph.comvaneck.com

Worth knowing

  • SOEZ Staked coins aren't instantly liquid. The sponsor expects two to three days to unstake in normal conditions, and may extend settlement or suspend redemptions under stress.sec.gov
  • Cheaper exists in the category: MSOL charges 0.14%. SOEZ lands near the peer-group median fee rather than below it.
  • Small and thinly traded, so trading costs can run wider than at the category's heavyweights.
  • VSOL The standing sponsor fee is 0.30%, above the median for spot Solana funds; SOEZ, GSOL and BSOL all listed cheaper.
  • One of the smaller, thinner-traded names in a crowded Solana lineup, which can mean wider spreads at the screen than the group's biggest funds.
  • Staking stacks risks on top of SOL's swings: validator downtime or slashing penalties, staking-provider counterparty risk, and unsettled tax treatment of rewards.vaneck.comvaneck.com 2

Full SOEZ profile⁠

Full VSOL profile⁠

SOEZ vs VSOL Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

SOEZ vs VSOL Cost

Overpaying VSOL vs SOEZ

$2,197

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • SOEZ 0.19%

    $3,952

  • VSOL 0.30%

    $6,149

$10,000
30 years

Cost over time

  • SOEZ 0.19%
  • VSOL 0.30%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530VSOL $6,149SOEZ $3,952

Year by year

YearSOEZVSOLOverpaying
10$347$545$198
20$1,351$2,113$762
30$3,952$6,149$2,197

Expense ratio

  • 0.19%SOEZ, cheaper
  • 0.30%VSOL
  • Middle half of Spot Solana funds
  • Median 0.21%

SOEZ 2nd cheapest of 9 funds

VSOL 7th cheapest of 9 funds

SOEZ vs VSOL Dividends

Last 12 months to Oct 30, 2026
Last payment
SOEZ $0.07
VSOL $0.60
Ex-dividend
SOEZ Oct 19, 2026
VSOL Oct 6, 2026
Paid on
SOEZ Oct 20, 2026
VSOL Oct 7, 2026
Frequency
SOEZ Monthly
VSOL Irregular

Distribution history

Per share, 2026, same scale for both

SOEZMonthly · 8 paymentsAll SOEZ payments⁠
One bar per payment. 8 payments in 2026 YTD. Mar 23, 2026 $0.01; Apr 20, 2026 $0.02; May 18, 2026 $0.04; Jun 15, 2026 $0.04; Jul 20, 2026 $0.12; Aug 17, 2026 $0.06; Sep 21, 2026 $0.07; Oct 19, 2026 $0.07. Use the arrow keys to read each point.$0$0.502026YTD
VSOLIrregular · 1 paymentAll VSOL payments⁠
One bar per payment. 1 payment in 2026 YTD. Oct 6, 2026 $0.60. Use the arrow keys to read each point.$0$0.502026YTD

SOEZ vs VSOL Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

Market sensitivityBeta, 5 years
SOEZ 0.60VSOL 0.64

Popular comparisons

  • SOEZAvsMSOLA

    Franklin Solana ETF · Morgan Stanley Solana Trust

    Expense ratio
    0.19% · 0.14%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • VSOLBvsMSOLA

    VanEck Solana ETF · Morgan Stanley Solana Trust

    Expense ratio
    0.30% · 0.14%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • SOEZAvsGSOLA

    Franklin Solana ETF · Grayscale Solana Staking ETF

    Expense ratio
    0.19% · 0.19%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • VSOLBvsGSOLA

    VanEck Solana ETF · Grayscale Solana Staking ETF

    Expense ratio
    0.30% · 0.19%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • SOEZAvsBSOLA

    Franklin Solana ETF · Bitwise Solana Staking ETF

    Expense ratio
    0.19% · 0.20%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • VSOLBvsBSOLA

    VanEck Solana ETF · Bitwise Solana Staking ETF

    Expense ratio
    0.30% · 0.20%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.