ETH vs. GFOF

Last updated Aug 4, 2026

ETH (Grayscale Ethereum Staking Mini ETF) and GFOF (Grayscale Future of Finance ETF) are both exchange-traded funds - ETH is a Cryptocurrency fund actively managed by Grayscale, while GFOF is a Blockchain fund tracking the Bloomberg Grayscale Future of Finance Index. ETH is actively managed, while GFOF is passively managed. Their 0.24 correlation means their historical movements had little consistent relationship. ETH charges 0.15%/yr vs 0.70%/yr for GFOF.

Performance

ETH vs. GFOF - Performance Comparison

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

Returns By Period

ETH

• 1D: 0.11%
• 1M: 10.14%
• 6M: -18.78%
• YTD: -36.49%
• 1Y: -45.97%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -26.19%

GFOF

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

*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)
ETH Grayscale Ethereum Staking Mini ETF	$31.27M	$33.28M	$46.00M

ETH vs. GFOF - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ETH Grayscale Ethereum Staking Mini ETF	-36.49%	-10.89%	-4.58%
GFOF Grayscale Future of Finance ETF	0.00%	0.00%	29.28%

Correlation

The correlation between ETH and GFOF is 0.24, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 23, 2024	0.24

Return for Risk

ETH vs. GFOF — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ETH

ETH Risk / Return Rank: 4
ETH Sharpe Ratio Rank: 4
ETH Sortino Ratio Rank: 4
ETH Omega Ratio Rank: 4
ETH Calmar Ratio Rank: 4
ETH Martin Ratio Rank: 4

GFOF

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ETH vs. GFOF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Grayscale Ethereum Staking Mini ETF (ETH) 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.

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.

	ETH	GFOF	Difference
Sharpe ratio: Return per unit of total volatility	-0.69	—	—
Sortino ratio: Return per unit of downside risk	-0.82	—	—
Omega ratio: Gain probability vs. loss probability	0.91	—	—
Calmar ratio: Return relative to maximum drawdown	-0.68	—	—
Martin ratio: Return relative to average drawdown	-1.02	—	—

Drawdowns

Drawdown Indicators

	ETH	GFOF	Difference
Max Drawdown Largest peak-to-trough decline	-67.52%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-67.52%	—	—
Current Drawdown Current decline from peak	-60.89%	—	—
Average Drawdown Average peak-to-trough decline	-35.09%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	45.23%	—	—

Volatility

Volatility by Period

	ETH	GFOF	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.23%	—	—
Volatility (6M) Calculated over the trailing 6-month period	45.64%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	67.03%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	71.15%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	71.15%	—	—

ETH vs. GFOF - Expense Ratio Comparison

ETH has a 0.15% expense ratio, which is lower than GFOF's 0.70% expense ratio.

Dividends

ETH vs. GFOF - Dividend Comparison

Neither ETH nor GFOF has paid dividends to shareholders.

Position	TTM	2025	2024	2023
ETH Grayscale Ethereum Staking Mini ETF	0.00%	0.00%	0.00%	0.00%
GFOF Grayscale Future of Finance ETF	0.00%	0.00%	2.55%	4.08%

Frequently Asked Questions

Can I hold both ETH and GFOF in my portfolio?

ETH and GFOF have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ETH or GFOF?

On fees, ETH is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ETH or GFOF?

ETH is cheaper with a 0.15% expense ratio, compared with 0.70% for GFOF.

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

ETH and GFOF have nearly identical dividend yields, around 0.00%.

What is the main difference between ETH and GFOF?

ETH is categorized as Cryptocurrency, while GFOF is Blockchain. Their fees differ too: 0.15% for ETH and 0.70% for GFOF.