ETCO vs. GSUI

Last updated Jul 12, 2026

ETCO (Grayscale Ethereum Covered Call ETF) and GSUI (Grayscale Sui Staking ETF) are both Cryptocurrency funds from Grayscale. ETCO is actively managed, while GSUI is passively managed. A 0.61 correlation means they provide meaningful diversification when combined. ETCO charges 0.66%/yr vs 0.00%/yr for GSUI.

Performance

ETCO vs. GSUI - Performance Comparison

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

Returns By Period

In the year-to-date period, ETCO achieves a -36.64% return, which is significantly higher than GSUI's -45.33% return.

ETCO

• 1D: 1.20%
• 1M: 1.79%
• 6M: -37.86%
• YTD: -36.64%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GSUI

• 1D: 2.68%
• 1M: -1.11%
• 6M: -59.18%
• YTD: -45.33%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ETCO vs. GSUI - Yearly Performance Comparison

	2026 (YTD)	2025
ETCO Grayscale Ethereum Covered Call ETF	-36.64%	11.70%
GSUI Grayscale Sui Staking ETF	-45.33%	-42.99%

Correlation

The correlation between ETCO and GSUI is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 24, 2025	0.61

Return for Risk

ETCO vs. GSUI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Grayscale Ethereum Covered Call ETF (ETCO) and Grayscale Sui Staking ETF (GSUI). 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.

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

Drawdowns

ETCO vs. GSUI - Drawdown Comparison

The maximum ETCO drawdown since its inception was -59.43%, smaller than the maximum GSUI drawdown of -71.63%. Use the drawdown chart below to compare losses from any high point for ETCO and GSUI.

Drawdown Indicators

	ETCO	GSUI	Difference
Max Drawdown Largest peak-to-trough decline	-59.43%	-71.63%	+12.20%
Current Drawdown Current decline from peak	-56.55%	-68.84%	+12.29%
Average Drawdown Average peak-to-trough decline	-36.97%	-53.66%	+16.69%

Volatility

Volatility by Period

	ETCO	GSUI	Difference
Volatility (1Y) Calculated over the trailing 1-year period	51.92%	103.13%	-51.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	51.92%	103.13%	-51.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	51.92%	103.13%	-51.21%

ETCO vs. GSUI - Expense Ratio Comparison

ETCO has a 0.66% expense ratio, which is higher than GSUI's 0.00% expense ratio.

Dividends

ETCO vs. GSUI - Dividend Comparison

ETCO's dividend yield for the trailing twelve months is around 146.11%, while GSUI has not paid dividends to shareholders.

Position	TTM	2025
ETCO Grayscale Ethereum Covered Call ETF	146.11%	42.29%
GSUI Grayscale Sui Staking ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both ETCO and GSUI in my portfolio?

ETCO and GSUI have a correlation of 0.61, 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 GSUI?

On fees, GSUI is cheaper at 0.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ETCO or GSUI?

GSUI is cheaper with a 0.00% expense ratio, compared with 0.66% for ETCO.

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

ETCO has the higher dividend yield at 146.11%, compared with 0.00% for GSUI.

What is the main difference between ETCO and GSUI?

Their fees differ too: 0.66% for ETCO and 0.00% for GSUI.