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[Morgan Stanley: Solana's Historical Diversification Effect Outperforms Ethereum] According to a report by CoinDesk, Denny Galindo, Executive Director of Morgan Stanley's Global Investment Office, analyzed that Solana has historically provided better portfolio diversification effects compared to Ethereum. Data shows that since early 2026, the volatility of ETH and SOL has been approximately 35% and 44% higher than Bitcoin, respectively. Over the past four years, Bitcoin's correlation with ETH was 0.78, and with SOL, it was 0.72. SOL's correlation with the S&P 500 Index is slightly lower than that of Bitcoin and ETH.