GDLC vs. GSOL

Last updated Jun 4, 2026

GDLC (Grayscale CoinDesk Crypto 5 ETF) and GSOL (Grayscale Solana Staking ETF) are both Cryptocurrency funds from Grayscale. GDLC is passively managed, while GSOL is actively managed. With a 1.00 correlation, they move nearly in lockstep. GDLC charges 0.59%/yr vs 0.35%/yr for GSOL.

Performance

GDLC vs. GSOL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Grayscale CoinDesk Crypto 5 ETF (GDLC) and Grayscale Solana Staking ETF (GSOL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

GDLC

• 1D: -3.29%
• 1M: -18.37%
• YTD: -28.93%
• 6M: -33.67%
• 1Y: -33.81%
• 3Y*: 64.48%
• 5Y*: 2.21%
• 10Y*: —

GSOL

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

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

GDLC vs. GSOL - Yearly Performance Comparison

	2026 (YTD)
GDLC Grayscale CoinDesk Crypto 5 ETF	-10.65%
GSOL Grayscale Solana Staking ETF	-12.36%

Correlation

The correlation between GDLC and GSOL is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 29, 2026	1.00

Return for Risk

GDLC vs. GSOL — Risk / Return Rank

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

GDLC

GDLC Risk / Return Rank: 3
GDLC Sharpe Ratio Rank: 3
GDLC Sortino Ratio Rank: 3
GDLC Omega Ratio Rank: 3
GDLC Calmar Ratio Rank: 3
GDLC Martin Ratio Rank: 4

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.

GDLC vs. GSOL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Grayscale CoinDesk Crypto 5 ETF (GDLC) 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.

	GDLC	GSOL	Difference
Sharpe ratio: Return per unit of total volatility	-0.70	—	—
Sortino ratio: Return per unit of downside risk	-0.84	—	—
Omega ratio: Gain probability vs. loss probability	0.90	—	—
Calmar ratio: Return relative to maximum drawdown	-0.64	—	—
Martin ratio: Return relative to average drawdown	-1.09	—	—
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

	GDLC	GSOL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.70	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.03	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.29	-2.23	+2.53

Drawdowns

GDLC vs. GSOL - Drawdown Comparison

The maximum GDLC drawdown since its inception was -94.14%, which is greater than GSOL's maximum drawdown of -12.36%. Use the drawdown chart below to compare losses from any high point for GDLC and GSOL.

Drawdown Indicators

	GDLC	GSOL	Difference
Max Drawdown Largest peak-to-trough decline	-94.14%	-12.36%	-81.78%
Max Drawdown (1Y) Largest decline over 1 year	-52.91%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-52.91%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-94.14%	—	—
Current Drawdown Current decline from peak	-54.28%	-12.36%	-41.92%
Average Drawdown Average peak-to-trough decline	-52.73%	-5.53%	-47.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	31.04%	—	—

Volatility

Volatility by Period

	GDLC	GSOL	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.78%	—	—
Volatility (6M) Calculated over the trailing 6-month period	36.66%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	48.54%	51.66%	-3.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	74.43%	51.66%	+22.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	93.91%	51.66%	+42.25%

GDLC vs. GSOL - Expense Ratio Comparison

GDLC has a 0.59% expense ratio, which is higher than GSOL's 0.35% expense ratio.

Dividends

GDLC vs. GSOL - Dividend Comparison

Neither GDLC nor GSOL has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both GDLC and GSOL in my portfolio?

With a correlation of 1.00, GDLC and GSOL move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, GDLC or GSOL?

On fees, GSOL is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GDLC or GSOL?

GSOL is cheaper with a 0.35% expense ratio, compared with 0.59% for GDLC.

Which ETF pays a higher dividend yield, GDLC or GSOL?

GDLC and GSOL have nearly identical dividend yields, around 0.00%.

What is the main difference between GDLC and GSOL?

Their fees differ too: 0.59% for GDLC and 0.35% for GSOL.