TechFlow News, July 16, according to CoinDesk, Morgan Stanley Global Investment Office Executive Director Denny Galindo wrote an analysis stating that as the crypto market expands, although Solana's volatility is higher than Bitcoin's, it has historically provided better portfolio diversification effects than Ethereum.
Data shows that since early 2026, ETH and SOL volatility have been about 35% and 44% higher than Bitcoin respectively; over the past four years, the correlation between Bitcoin and ETH was 0.78, and with SOL was 0.72. SOL's correlation with the S&P 500 Index is also slightly lower than that of Bitcoin and ETH; if historical correlation is indicative, SOL could serve as a better diversification allocation choice.
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