ETCO vs. GSOL

Last updated Jun 4, 2026

ETCO (Grayscale Ethereum Covered Call ETF) and GSOL (Grayscale Solana Staking ETF) are both Cryptocurrency funds from Grayscale. Both are actively managed. Their correlation of 0.80 suggests significant overlap in exposure. ETCO charges 0.66%/yr vs 0.35%/yr for GSOL.

Performance

ETCO vs. GSOL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Grayscale Ethereum Covered Call ETF (ETCO) and Grayscale Solana Staking ETF (GSOL). 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*: —

GSOL

• 1D: -4.43%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ETCO vs. GSOL - Yearly Performance Comparison

	2026 (YTD)
ETCO Grayscale Ethereum Covered Call ETF	-10.02%
GSOL Grayscale Solana Staking ETF	-12.36%

Correlation

The correlation between ETCO and GSOL is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 29, 2026	0.80

Return for Risk

ETCO vs. GSOL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Grayscale Ethereum Covered Call ETF (ETCO) and Grayscale Solana Staking ETF (GSOL). 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	GSOL	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-1.16	-2.23	+1.08

Drawdowns

ETCO vs. GSOL - Drawdown Comparison

The maximum ETCO drawdown since its inception was -56.81%, which is greater than GSOL's maximum drawdown of -12.36%. Use the drawdown chart below to compare losses from any high point for ETCO and GSOL.

Drawdown Indicators

	ETCO	GSOL	Difference
Max Drawdown Largest peak-to-trough decline	-56.81%	-12.36%	-44.45%
Current Drawdown Current decline from peak	-54.32%	-12.36%	-41.96%
Average Drawdown Average peak-to-trough decline	-34.43%	-5.53%	-28.90%

Volatility

Volatility by Period

	ETCO	GSOL	Difference
Volatility (1Y) Calculated over the trailing 1-year period	52.49%	51.66%	+0.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	52.49%	51.66%	+0.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	52.49%	51.66%	+0.83%

ETCO vs. GSOL - Expense Ratio Comparison

ETCO has a 0.66% expense ratio, which is higher than GSOL's 0.35% expense ratio.

Dividends

ETCO vs. GSOL - Dividend Comparison

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

Position	TTM	2025
ETCO Grayscale Ethereum Covered Call ETF	127.41%	42.29%
GSOL Grayscale Solana Staking ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both ETCO and GSOL in my portfolio?

ETCO and GSOL have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ETCO or GSOL?

On fees, GSOL is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ETCO or GSOL?

GSOL is cheaper with a 0.35% expense ratio, compared with 0.66% for ETCO.

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

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

What is the main difference between ETCO and GSOL?

Their fees differ too: 0.66% for ETCO and 0.35% for GSOL.