GFOF vs. ETCO

Last updated Apr 2, 2026

Compare and contrast key facts about Grayscale Future of Finance ETF (GFOF) and Grayscale Ethereum Covered Call ETF (ETCO).

GFOF and ETCO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GFOF is a passively managed fund by Grayscale that tracks the performance of the Bloomberg Grayscale Future of Finance Index. It was launched on Feb 1, 2022. ETCO is an actively managed fund by Grayscale. It was launched on Sep 3, 2025.

Performance

GFOF vs. ETCO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Grayscale Future of Finance ETF (GFOF) and Grayscale Ethereum Covered Call ETF (ETCO). The values are adjusted to include any dividend payments, if applicable.

GFOF vs. ETCO - Yearly Performance Comparison

	2026 (YTD)	2025
GFOF Grayscale Future of Finance ETF	0.00%	0.00%
ETCO Grayscale Ethereum Covered Call ETF	-25.50%	-24.78%

Returns By Period

GFOF

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

ETCO

• 1D: 0.47%
• 1M: 4.37%
• YTD: -25.50%
• 6M: -42.64%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GFOF vs. ETCO - Expense Ratio Comparison

GFOF has a 0.70% expense ratio, which is higher than ETCO's 0.66% expense ratio.

GFOF

Grayscale Future of Finance ETF

ETCO

Grayscale Ethereum Covered Call ETF

Return for Risk

GFOF vs. ETCO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Grayscale Future of Finance ETF (GFOF) and Grayscale Ethereum Covered Call ETF (ETCO). 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

	GFOF	ETCO	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	—	-1.12	—

Dividends

GFOF vs. ETCO - Dividend Comparison

GFOF has not paid dividends to shareholders, while ETCO's dividend yield for the trailing twelve months is around 93.40%.

	TTM	2025	2024	2023
GFOF Grayscale Future of Finance ETF	0.00%	0.00%	2.55%	4.08%
ETCO Grayscale Ethereum Covered Call ETF	93.40%	42.29%	0.00%	0.00%

Drawdowns

Drawdown Indicators

	GFOF	ETCO	Difference
Max Drawdown Largest peak-to-trough decline	—	-56.81%	—
Current Drawdown Current decline from peak	—	-48.91%	—
Average Drawdown Average peak-to-trough decline	—	-31.07%	—

Volatility

Volatility by Period

	GFOF	ETCO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	—	56.99%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	56.99%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	56.99%	—