ETCO vs. SOEZ

Last updated Apr 2, 2026

Compare and contrast key facts about Grayscale Ethereum Covered Call ETF (ETCO) and Franklin Solana ETF (SOEZ).

ETCO and SOEZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ETCO is an actively managed fund by Grayscale. It was launched on Sep 3, 2025. SOEZ is an actively managed fund by Franklin. It was launched on Dec 3, 2025.

Performance

ETCO vs. SOEZ - Performance Comparison

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

ETCO vs. SOEZ - Yearly Performance Comparison

	2026 (YTD)	2025
ETCO Grayscale Ethereum Covered Call ETF	-25.50%	-1.83%
SOEZ Franklin Solana ETF	-31.67%	-11.97%

Returns By Period

In the year-to-date period, ETCO achieves a -25.50% return, which is significantly higher than SOEZ's -31.67% return.

ETCO

• 1D: 0.47%
• 1M: 4.37%
• YTD: -25.50%
• 6M: -42.64%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SOEZ

• 1D: 1.61%
• 1M: -3.90%
• YTD: -31.67%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ETCO vs. SOEZ - Expense Ratio Comparison

ETCO has a 0.66% expense ratio, which is higher than SOEZ's 0.19% expense ratio.

ETCO

Grayscale Ethereum Covered Call ETF

SOEZ

Franklin Solana ETF

Return for Risk

ETCO vs. SOEZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Grayscale Ethereum Covered Call ETF (ETCO) and Franklin Solana ETF (SOEZ). 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	SOEZ	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-1.12	-1.03	-0.10

Correlation

The correlation between ETCO and SOEZ is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

ETCO vs. SOEZ - Dividend Comparison

ETCO's dividend yield for the trailing twelve months is around 93.40%, more than SOEZ's 0.09% yield.

	TTM	2025
ETCO Grayscale Ethereum Covered Call ETF	93.40%	42.29%
SOEZ Franklin Solana ETF	0.09%	0.00%

Drawdowns

ETCO vs. SOEZ - Drawdown Comparison

The maximum ETCO drawdown since its inception was -56.81%, which is greater than SOEZ's maximum drawdown of -47.78%. Use the drawdown chart below to compare losses from any high point for ETCO and SOEZ.

Drawdown Indicators

	ETCO	SOEZ	Difference
Max Drawdown Largest peak-to-trough decline	-56.81%	-47.78%	-9.03%
Current Drawdown Current decline from peak	-48.91%	-42.58%	-6.33%
Average Drawdown Average peak-to-trough decline	-31.07%	-25.30%	-5.77%

Volatility

Volatility by Period

	ETCO	SOEZ	Difference
Volatility (1Y) Calculated over the trailing 1-year period	56.99%	77.92%	-20.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	56.99%	77.92%	-20.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	56.99%	77.92%	-20.93%