BESO vs. GXLM

Last updated Jul 28, 2026

BESO (GSR Crypto Core3 ETF) and GXLM (Grayscale Stellar Lumens Trust (XLM)) are both Cryptocurrency funds. Both are actively managed. Their 0.49 correlation means their historical movements had little consistent relationship. BESO charges 1.00%/yr vs 2.50%/yr for GXLM.

Performance

BESO vs. GXLM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GSR Crypto Core3 ETF (BESO) and Grayscale Stellar Lumens Trust (XLM) (GXLM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BESO

• 1D: 3.66%
• 1M: 12.20%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

GXLM

• 1D: 2.15%
• 1M: 28.57%
• 6M: 24.14%
• YTD: 36.59%
• 1Y: -29.41%
• 3Y*: -14.98%
• 5Y*: —
• 10Y*: —
• ALL TIME*: -19.64%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BESO GSR Crypto Core3 ETF	$1.40K	$6.74K	$51.72K
GXLM Grayscale Stellar Lumens Trust (XLM)	$206.33K	$169.74K	$228.45K

BESO vs. GXLM - Yearly Performance Comparison

	2026 (YTD)
BESO GSR Crypto Core3 ETF	-0.24%
GXLM Grayscale Stellar Lumens Trust (XLM)	20.86%

Correlation

The correlation between BESO and GXLM is 0.49, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 22, 2026	0.49

Return for Risk

BESO vs. GXLM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BESO

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

GXLM

GXLM Risk / Return Rank: 9
GXLM Sharpe Ratio Rank: 7
GXLM Sortino Ratio Rank: 11
GXLM Omega Ratio Rank: 11
GXLM Calmar Ratio Rank: 6
GXLM Martin Ratio Rank: 8

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BESO vs. GXLM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GSR Crypto Core3 ETF (BESO) and Grayscale Stellar Lumens Trust (XLM) (GXLM). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BESO	GXLM	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.31	—
Sortino ratio: Return per unit of downside risk	—	0.16	—
Omega ratio: Gain probability vs. loss probability	—	1.02	—
Calmar ratio: Return relative to maximum drawdown	—	-0.41	—
Martin ratio: Return relative to average drawdown	—	-0.55	—

Drawdowns

BESO vs. GXLM - Drawdown Comparison

The maximum BESO drawdown since its inception was -18.08%, smaller than the maximum GXLM drawdown of -94.01%. Use the drawdown chart below to compare losses from any high point for BESO and GXLM.

Drawdown Indicators

	BESO	GXLM	Difference
Max Drawdown Largest peak-to-trough decline	-18.08%	-94.01%	+75.93%
Max Drawdown (1Y) Largest decline over 1 year	—	-71.88%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-78.19%	—
Current Drawdown Current decline from peak	-3.80%	-69.81%	+66.01%
Average Drawdown Average peak-to-trough decline	-8.63%	-70.47%	+61.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	54.04%	—

Volatility

Volatility by Period

	BESO	GXLM	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	19.39%	—
Volatility (6M) Calculated over the trailing 6-month period	—	61.79%	—
Volatility (1Y) Calculated over the trailing 1-year period	41.27%	95.73%	-54.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	41.27%	147.49%	-106.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.27%	147.49%	-106.22%

BESO vs. GXLM - Expense Ratio Comparison

BESO has a 1.00% expense ratio, which is lower than GXLM's 2.50% expense ratio.

Dividends

BESO vs. GXLM - Dividend Comparison

Neither BESO nor GXLM has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both BESO and GXLM in my portfolio?

BESO and GXLM have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BESO or GXLM?

On fees, BESO is cheaper at 1.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BESO or GXLM?

BESO is cheaper with a 1.00% expense ratio, compared with 2.50% for GXLM.

Which ETF pays a higher dividend yield, BESO or GXLM?

BESO and GXLM have nearly identical dividend yields, around 0.00%.

What is the main difference between BESO and GXLM?

They also come from different issuers: GSR and Grayscale. Their fees differ too: 1.00% for BESO and 2.50% for GXLM.