GAVA vs. SOEZ

Last updated Apr 14, 2026

GAVA (Grayscale Avalanche Staking ETF) and SOEZ (Franklin Solana ETF) are both Cryptocurrency funds. Both are actively managed. Their correlation of 0.85 suggests significant overlap in exposure. GAVA charges 0.35%/yr vs 0.19%/yr for SOEZ.

Performance

GAVA vs. SOEZ - Performance Comparison

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

Returns By Period

GAVA

• 1D: -1.16%
• 1M: -3.51%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SOEZ

• 1D: -1.26%
• 1M: -4.68%
• YTD: -31.10%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GAVA vs. SOEZ - Yearly Performance Comparison

	2026 (YTD)
GAVA Grayscale Avalanche Staking ETF	-1.87%
SOEZ Franklin Solana ETF	-2.39%

Correlation

The correlation between GAVA and SOEZ is 0.85, 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 Mar 13, 2026	0.85

Return for Risk

GAVA vs. SOEZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Grayscale Avalanche Staking ETF (GAVA) 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

	GAVA	SOEZ	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.35	-1.01	+0.66

Drawdowns

GAVA vs. SOEZ - Drawdown Comparison

The maximum GAVA drawdown since its inception was -15.35%, smaller than the maximum SOEZ drawdown of -47.78%. Use the drawdown chart below to compare losses from any high point for GAVA and SOEZ.

Drawdown Indicators

	GAVA	SOEZ	Difference
Max Drawdown Largest peak-to-trough decline	-15.35%	-47.78%	+32.43%
Current Drawdown Current decline from peak	-8.35%	-42.10%	+33.75%
Average Drawdown Average peak-to-trough decline	-8.86%	-26.72%	+17.86%

Volatility

Volatility by Period

	GAVA	SOEZ	Difference
Volatility (1Y) Calculated over the trailing 1-year period	60.01%	75.83%	-15.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	60.01%	75.83%	-15.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	60.01%	75.83%	-15.82%

GAVA vs. SOEZ - Expense Ratio Comparison

GAVA has a 0.35% expense ratio, which is higher than SOEZ's 0.19% expense ratio.

Dividends

GAVA vs. SOEZ - Dividend Comparison

GAVA has not paid dividends to shareholders, while SOEZ's dividend yield for the trailing twelve months is around 0.09%.

	TTM
GAVA Grayscale Avalanche Staking ETF	0.00%
SOEZ Franklin Solana ETF	0.09%