ETCO vs. GFOF

Last updated Jun 4, 2026

ETCO (Grayscale Ethereum Covered Call ETF) and GFOF (Grayscale Future of Finance ETF) are both exchange-traded funds - ETCO is a Cryptocurrency fund actively managed by Grayscale, while GFOF is a Blockchain fund tracking the Bloomberg Grayscale Future of Finance Index. ETCO is actively managed, while GFOF is passively managed. ETCO charges 0.66%/yr vs 0.70%/yr for GFOF.

Performance

ETCO vs. GFOF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Grayscale Ethereum Covered Call ETF (ETCO) and Grayscale Future of Finance ETF (GFOF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ETCO

• 1D: -5.43%
• 1M: -20.32%
• YTD: -33.38%
• 6M: -34.60%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GFOF

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ETCO vs. GFOF - Yearly Performance Comparison

	2026 (YTD)	2025
ETCO Grayscale Ethereum Covered Call ETF	-33.38%	-24.78%
GFOF Grayscale Future of Finance ETF	0.00%	0.00%

Return for Risk

ETCO vs. GFOF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Grayscale Ethereum Covered Call ETF (ETCO) and Grayscale Future of Finance ETF (GFOF). 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.

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

Sharpe Ratios by Period

	ETCO	GFOF	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-1.16	—	—

Drawdowns

Drawdown Indicators

	ETCO	GFOF	Difference
Max Drawdown Largest peak-to-trough decline	-56.81%	—	—
Current Drawdown Current decline from peak	-54.32%	—	—
Average Drawdown Average peak-to-trough decline	-34.43%	—	—

Volatility

Volatility by Period

	ETCO	GFOF	Difference
Volatility (1Y) Calculated over the trailing 1-year period	52.49%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	52.49%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	52.49%	—	—

ETCO vs. GFOF - Expense Ratio Comparison

ETCO has a 0.66% expense ratio, which is lower than GFOF's 0.70% expense ratio.

Dividends

ETCO vs. GFOF - Dividend Comparison

ETCO's dividend yield for the trailing twelve months is around 127.41%, while GFOF has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
ETCO Grayscale Ethereum Covered Call ETF	127.41%	42.29%	0.00%	0.00%
GFOF Grayscale Future of Finance ETF	0.00%	0.00%	2.55%	4.08%

Frequently Asked Questions

Which ETF is better, ETCO or GFOF?

On fees, ETCO is cheaper at 0.66% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ETCO or GFOF?

ETCO is cheaper with a 0.66% expense ratio, compared with 0.70% for GFOF.

Which ETF pays a higher dividend yield, ETCO or GFOF?

ETCO has the higher dividend yield at 127.41%, compared with 0.00% for GFOF.

What is the main difference between ETCO and GFOF?

ETCO is categorized as Cryptocurrency, while GFOF is Blockchain. Their fees differ too: 0.66% for ETCO and 0.70% for GFOF.