GDOG vs. ETH
GDOG (Grayscale Dogecoin Trust ETF) and ETH (Grayscale Ethereum Staking Mini ETF) are both Cryptocurrency funds from Grayscale. GDOG is passively managed, while ETH is actively managed. Their correlation of 0.81 suggests significant overlap in exposure. GDOG charges 0.35%/yr vs 0.15%/yr for ETH.
Performance
GDOG vs. ETH - Performance Comparison
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Returns By Period
In the year-to-date period, GDOG achieves a -33.11% return, which is significantly higher than ETH's -43.73% return.
GDOG
- 1D
- -4.98%
- 1M
- -24.05%
- YTD
- -33.11%
- 6M
- -39.39%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETH
- 1D
- -4.13%
- 1M
- -19.44%
- YTD
- -43.73%
- 6M
- -43.65%
- 1Y
- -27.60%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GDOG vs. ETH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GDOG Grayscale Dogecoin Trust ETF | -33.11% | -19.74% |
ETH Grayscale Ethereum Staking Mini ETF | -43.73% | 8.72% |
Correlation
The correlation between GDOG and ETH is 0.81, 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 Nov 24, 2025 | 0.81 |
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Return for Risk
GDOG vs. ETH — Risk / Return Rank
GDOG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
ETH
GDOG vs. ETH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale Dogecoin Trust ETF (GDOG) and Grayscale Ethereum Staking Mini ETF (ETH). 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.
| GDOG | ETH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.98 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.41 | — |
| Martin ratioReturn relative to average drawdown | — | -0.69 | — |
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Drawdowns
GDOG vs. ETH - Drawdown Comparison
The maximum GDOG drawdown since its inception was -49.62%, smaller than the maximum ETH drawdown of -67.19%. Use the drawdown chart below to compare losses from any high point for GDOG and ETH.
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Drawdown Indicators
| GDOG | ETH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.62% | -67.19% | +17.57% |
Max Drawdown (1Y)Largest decline over 1 year | — | -67.19% | — |
Current DrawdownCurrent decline from peak | -49.62% | -65.34% | +15.72% |
Average DrawdownAverage peak-to-trough decline | -29.81% | -33.50% | +3.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 40.15% | — |
Volatility
GDOG vs. ETH - Volatility Comparison
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Volatility by Period
| GDOG | ETH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 19.75% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 46.93% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 73.09% | 69.05% | +4.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 73.09% | 72.37% | +0.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 73.09% | 72.37% | +0.72% |
GDOG vs. ETH - Expense Ratio Comparison
GDOG has a 0.35% expense ratio, which is higher than ETH's 0.15% expense ratio.
Dividends
GDOG vs. ETH - Dividend Comparison
Neither GDOG nor ETH has paid dividends to shareholders.
Frequently Asked Questions
GDOG and ETH have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ETH is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ETH is cheaper with a 0.15% expense ratio, compared with 0.35% for GDOG.
GDOG and ETH have nearly identical dividend yields, around 0.00%.
Their fees differ too: 0.35% for GDOG and 0.15% for ETH.
Find the right allocation for GDOG and ETH
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