GDLC vs. SOEZ

Last updated Jul 17, 2026

GDLC (Grayscale CoinDesk Crypto 5 ETF) and SOEZ (Franklin Solana ETF) are both Cryptocurrency funds. GDLC is passively managed, while SOEZ is actively managed. Their correlation of 0.92 suggests significant overlap in exposure. GDLC charges 0.59%/yr vs 0.19%/yr for SOEZ.

Performance

GDLC vs. SOEZ - Performance Comparison

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

Returns By Period

In the year-to-date period, GDLC achieves a -29.80% return, which is significantly higher than SOEZ's -37.14% return.

GDLC

• 1D: -1.09%
• 1M: -1.43%
• 6M: -35.82%
• YTD: -29.80%
• 1Y: -45.96%
• 3Y*: 44.88%
• 5Y*: 3.55%
• 10Y*: —

SOEZ

• 1D: -1.74%
• 1M: 3.32%
• 6M: -44.84%
• YTD: -37.14%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GDLC vs. SOEZ - Yearly Performance Comparison

	2026 (YTD)	2025
GDLC Grayscale CoinDesk Crypto 5 ETF	-29.80%	-4.41%
SOEZ Franklin Solana ETF	-37.14%	-11.69%

Correlation

The correlation between GDLC and SOEZ is 0.92, 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 Dec 3, 2025	0.92

Return for Risk

GDLC vs. SOEZ — Risk / Return Rank

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

GDLC

GDLC Risk / Return Rank: 2
GDLC Sharpe Ratio Rank: 2
GDLC Sortino Ratio Rank: 2
GDLC Omega Ratio Rank: 2
GDLC Calmar Ratio Rank: 3
GDLC Martin Ratio Rank: 3

SOEZ

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

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. SOEZ - Risk-Adjusted Trends Comparison

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

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.

	GDLC	SOEZ	Difference
Sharpe ratio: Return per unit of total volatility	-0.94	—	—
Sortino ratio: Return per unit of downside risk	-1.38	—	—
Omega ratio: Gain probability vs. loss probability	0.85	—	—
Calmar ratio: Return relative to maximum drawdown	-0.81	—	—
Martin ratio: Return relative to average drawdown	-1.27	—	—

Drawdowns

GDLC vs. SOEZ - Drawdown Comparison

The maximum GDLC drawdown since its inception was -94.14%, which is greater than SOEZ's maximum drawdown of -56.14%. Use the drawdown chart below to compare losses from any high point for GDLC and SOEZ.

Drawdown Indicators

	GDLC	SOEZ	Difference
Max Drawdown Largest peak-to-trough decline	-94.14%	-56.14%	-38.00%
Max Drawdown (1Y) Largest decline over 1 year	-57.18%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-57.18%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-94.14%	—	—
Current Drawdown Current decline from peak	-54.84%	-47.18%	-7.66%
Average Drawdown Average peak-to-trough decline	-52.81%	-34.12%	-18.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	36.10%	—	—

Volatility

Volatility by Period

	GDLC	SOEZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.05%	—	—
Volatility (6M) Calculated over the trailing 6-month period	36.79%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	49.16%	70.21%	-21.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	73.14%	70.21%	+2.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	93.80%	70.21%	+23.59%

GDLC vs. SOEZ - Expense Ratio Comparison

GDLC has a 0.59% expense ratio, which is higher than SOEZ's 0.19% expense ratio.

Dividends

GDLC vs. SOEZ - Dividend Comparison

GDLC has not paid dividends to shareholders, while SOEZ's dividend yield for the trailing twelve months is around 0.87%.

Position	TTM
GDLC Grayscale CoinDesk Crypto 5 ETF	0.00%
SOEZ Franklin Solana ETF	0.87%

Frequently Asked Questions

Can I hold both GDLC and SOEZ in my portfolio?

With a correlation of 0.92, GDLC and SOEZ 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 SOEZ?

On fees, SOEZ is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GDLC or SOEZ?

SOEZ is cheaper with a 0.19% expense ratio, compared with 0.59% for GDLC.

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

SOEZ has the higher dividend yield at 0.87%, compared with 0.00% for GDLC.

What is the main difference between GDLC and SOEZ?

They also come from different issuers: Grayscale and Franklin. Their fees differ too: 0.59% for GDLC and 0.19% for SOEZ.