GDOG vs. SOEZ

Last updated Jun 5, 2026

GDOG (Grayscale Dogecoin Trust ETF) and SOEZ (Franklin Solana ETF) are both Cryptocurrency funds. GDOG is passively managed, while SOEZ is actively managed. Their correlation of 0.81 suggests significant overlap in exposure. GDOG charges 0.35%/yr vs 0.19%/yr for SOEZ.

Performance

GDOG vs. SOEZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Grayscale Dogecoin Trust ETF (GDOG) 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, GDOG achieves a -23.98% return, which is significantly higher than SOEZ's -43.12% return.

GDOG

• 1D: -2.70%
• 1M: -21.69%
• YTD: -23.98%
• 6M: -39.98%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SOEZ

• 1D: -3.99%
• 1M: -20.02%
• YTD: -43.12%
• 6M: -49.50%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GDOG vs. SOEZ - Yearly Performance Comparison

	2026 (YTD)	2025
GDOG Grayscale Dogecoin Trust ETF	-23.98%	-22.32%
SOEZ Franklin Solana ETF	-43.12%	-11.97%

Correlation

The correlation between GDOG and SOEZ 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 Dec 4, 2025	0.81

Return for Risk

GDOG vs. SOEZ - Risk-Adjusted Trends Comparison

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

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

Sharpe Ratios by Period

	GDOG	SOEZ	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.88	-1.10	+0.21

Drawdowns

GDOG vs. SOEZ - Drawdown Comparison

The maximum GDOG drawdown since its inception was -42.91%, smaller than the maximum SOEZ drawdown of -52.20%. Use the drawdown chart below to compare losses from any high point for GDOG and SOEZ.

Drawdown Indicators

	GDOG	SOEZ	Difference
Max Drawdown Largest peak-to-trough decline	-42.91%	-52.20%	+9.29%
Current Drawdown Current decline from peak	-42.75%	-52.20%	+9.45%
Average Drawdown Average peak-to-trough decline	-28.59%	-30.97%	+2.38%

Volatility

Volatility by Period

	GDOG	SOEZ	Difference
Volatility (1Y) Calculated over the trailing 1-year period	73.77%	68.82%	+4.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	73.77%	68.82%	+4.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	73.77%	68.82%	+4.95%

GDOG vs. SOEZ - Expense Ratio Comparison

GDOG has a 0.35% expense ratio, which is higher than SOEZ's 0.19% expense ratio.

Dividends

GDOG vs. SOEZ - Dividend Comparison

GDOG has not paid dividends to shareholders, while SOEZ's dividend yield for the trailing twelve months is around 0.59%.

Position	TTM
GDOG Grayscale Dogecoin Trust ETF	0.00%
SOEZ Franklin Solana ETF	0.59%

Frequently Asked Questions

Can I hold both GDOG and SOEZ in my portfolio?

GDOG and SOEZ 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.

Which ETF is better, GDOG 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, GDOG or SOEZ?

SOEZ is cheaper with a 0.19% expense ratio, compared with 0.35% for GDOG.

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

SOEZ has the higher dividend yield at 0.59%, compared with 0.00% for GDOG.

What is the main difference between GDOG and SOEZ?

They also come from different issuers: Grayscale and Franklin. Their fees differ too: 0.35% for GDOG and 0.19% for SOEZ.