FWDI vs. GSOL

Last updated Jun 4, 2026

FWDI (Forward Industries, Inc) is a stock, while GSOL (Grayscale Solana Staking ETF) is Cryptocurrency fund actively managed by Grayscale. Their correlation of 0.80 suggests significant overlap in exposure.

Performance

FWDI vs. GSOL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Forward Industries, Inc (FWDI) and Grayscale Solana Staking ETF (GSOL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FWDI

• 1D: -6.01%
• 1M: -6.01%
• YTD: -36.16%
• 6M: -50.41%
• 1Y: -30.02%
• 3Y*: -25.97%
• 5Y*: -31.06%
• 10Y*: -10.36%

GSOL

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

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

FWDI vs. GSOL - Yearly Performance Comparison

	2026 (YTD)
FWDI Forward Industries, Inc	-7.25%
GSOL Grayscale Solana Staking ETF	-12.36%

Correlation

The correlation between FWDI 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

FWDI vs. GSOL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FWDI

FWDI Risk / Return Rank: 35
FWDI Sharpe Ratio Rank: 31
FWDI Sortino Ratio Rank: 41
FWDI Omega Ratio Rank: 40
FWDI Calmar Ratio Rank: 30
FWDI Martin Ratio Rank: 33

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FWDI vs. GSOL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Forward Industries, Inc (FWDI) 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.

	FWDI	GSOL	Difference
Sharpe ratio: Return per unit of total volatility	-0.25	—	—
Sortino ratio: Return per unit of downside risk	0.45	—	—
Omega ratio: Gain probability vs. loss probability	1.05	—	—
Calmar ratio: Return relative to maximum drawdown	-0.34	—	—
Martin ratio: Return relative to average drawdown	-0.45	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	FWDI	GSOL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.25	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.36	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.11	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.04	-2.23	+2.19

Drawdowns

FWDI vs. GSOL - Drawdown Comparison

The maximum FWDI drawdown since its inception was -98.85%, which is greater than GSOL's maximum drawdown of -12.36%. Use the drawdown chart below to compare losses from any high point for FWDI and GSOL.

Drawdown Indicators

	FWDI	GSOL	Difference
Max Drawdown Largest peak-to-trough decline	-98.85%	-12.36%	-86.49%
Max Drawdown (1Y) Largest decline over 1 year	-89.56%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-89.56%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-89.72%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-93.24%	—	—
Current Drawdown Current decline from peak	-98.53%	-12.36%	-86.17%
Average Drawdown Average peak-to-trough decline	-82.24%	-5.53%	-76.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	66.25%	—	—

Volatility

Volatility by Period

	FWDI	GSOL	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.79%	—	—
Volatility (6M) Calculated over the trailing 6-month period	59.95%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	120.90%	51.66%	+69.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	85.85%	51.66%	+34.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	90.47%	51.66%	+38.81%

Dividends

FWDI vs. GSOL - Dividend Comparison

Neither FWDI nor GSOL has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both FWDI and GSOL in my portfolio?

FWDI 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.