GDOG vs. GSOL

Last updated Jun 4, 2026

GDOG (Grayscale Dogecoin Trust ETF) and GSOL (Grayscale Solana Staking ETF) are both Cryptocurrency funds from Grayscale. GDOG is passively managed, while GSOL is actively managed. With a 1.00 correlation, they move nearly in lockstep. Both charge a 0.35% expense ratio.

Performance

GDOG vs. GSOL - Performance Comparison

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

Returns By Period

GDOG

• 1D: -2.62%
• 1M: -17.02%
• YTD: -21.87%
• 6M: -39.30%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GSOL

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

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

GDOG vs. GSOL - Yearly Performance Comparison

	2026 (YTD)
GDOG Grayscale Dogecoin Trust ETF	-7.79%
GSOL Grayscale Solana Staking ETF	-12.36%

Correlation

The correlation between GDOG 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

GDOG vs. GSOL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Grayscale Dogecoin Trust ETF (GDOG) 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.

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

Sharpe Ratios by Period

	GDOG	GSOL	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.86	-2.23	+1.38

Drawdowns

GDOG vs. GSOL - Drawdown Comparison

The maximum GDOG drawdown since its inception was -42.91%, which is greater than GSOL's maximum drawdown of -12.36%. Use the drawdown chart below to compare losses from any high point for GDOG and GSOL.

Drawdown Indicators

	GDOG	GSOL	Difference
Max Drawdown Largest peak-to-trough decline	-42.91%	-12.36%	-30.55%
Current Drawdown Current decline from peak	-41.16%	-12.36%	-28.80%
Average Drawdown Average peak-to-trough decline	-28.48%	-5.53%	-22.95%

Volatility

Volatility by Period

	GDOG	GSOL	Difference
Volatility (1Y) Calculated over the trailing 1-year period	73.98%	51.66%	+22.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	73.98%	51.66%	+22.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	73.98%	51.66%	+22.32%

GDOG vs. GSOL - Expense Ratio Comparison

Both GDOG and GSOL have an expense ratio of 0.35%.

Dividends

GDOG vs. GSOL - Dividend Comparison

Neither GDOG nor GSOL has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both GDOG and GSOL in my portfolio?

With a correlation of 1.00, GDOG 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, GDOG or GSOL?

Both ETFs have the same 0.35% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GDOG or GSOL?

GDOG and GSOL have the same expense ratio: 0.35% per year.

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

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