GDLC vs. GSUI

Last updated Jun 4, 2026

GDLC (Grayscale CoinDesk Crypto 5 ETF) and GSUI (Grayscale Sui Staking ETF) are both Cryptocurrency funds from Grayscale - GDLC tracks the CoinDesk 5 Index while GSUI tracks the CoinDesk SUI Reference Rate. Both are passively managed. A 0.62 correlation means they provide meaningful diversification when combined. GDLC charges 0.59%/yr vs 0.00%/yr for GSUI.

Performance

GDLC vs. GSUI - Performance Comparison

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

Returns By Period

In the year-to-date period, GDLC achieves a -28.93% return, which is significantly higher than GSUI's -39.93% return.

GDLC

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

GSUI

• 1D: -1.09%
• 1M: -12.82%
• YTD: -39.93%
• 6M: -46.50%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GDLC vs. GSUI - Yearly Performance Comparison

	2026 (YTD)	2025
GDLC Grayscale CoinDesk Crypto 5 ETF	-28.93%	-3.07%
GSUI Grayscale Sui Staking ETF	-39.93%	-34.63%

Correlation

The correlation between GDLC and GSUI is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 25, 2025	0.62

Return for Risk

GDLC vs. GSUI — 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. GSUI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Grayscale CoinDesk Crypto 5 ETF (GDLC) and Grayscale Sui Staking ETF (GSUI). 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	GSUI	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	GSUI	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	-0.78	+1.07

Drawdowns

GDLC vs. GSUI - Drawdown Comparison

The maximum GDLC drawdown since its inception was -94.14%, which is greater than GSUI's maximum drawdown of -60.73%. Use the drawdown chart below to compare losses from any high point for GDLC and GSUI.

Drawdown Indicators

	GDLC	GSUI	Difference
Max Drawdown Largest peak-to-trough decline	-94.14%	-60.73%	-33.41%
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%	-60.73%	+6.45%
Average Drawdown Average peak-to-trough decline	-52.73%	-43.81%	-8.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	31.04%	—	—

Volatility

Volatility by Period

	GDLC	GSUI	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%	107.79%	-59.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	74.43%	107.79%	-33.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	93.91%	107.79%	-13.88%

GDLC vs. GSUI - Expense Ratio Comparison

GDLC has a 0.59% expense ratio, which is higher than GSUI's 0.00% expense ratio.

Dividends

GDLC vs. GSUI - Dividend Comparison

Neither GDLC nor GSUI has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both GDLC and GSUI in my portfolio?

GDLC and GSUI have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GDLC or GSUI?

On fees, GSUI is cheaper at 0.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GDLC or GSUI?

GSUI is cheaper with a 0.00% expense ratio, compared with 0.59% for GDLC.

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

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

What is the main difference between GDLC and GSUI?

GDLC tracks CoinDesk 5 Index, while GSUI tracks CoinDesk SUI Reference Rate. Their fees differ too: 0.59% for GDLC and 0.00% for GSUI.