GFOF vs. ETCO

Last updated Jun 4, 2026

GFOF (Grayscale Future of Finance ETF) and ETCO (Grayscale Ethereum Covered Call ETF) are both exchange-traded funds - GFOF is a Blockchain fund tracking the Bloomberg Grayscale Future of Finance Index, while ETCO is a Cryptocurrency fund actively managed by Grayscale. GFOF is passively managed, while ETCO is actively managed. GFOF charges 0.70%/yr vs 0.66%/yr for ETCO.

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.

Returns By Period

GFOF

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

ETCO

• 1D: -5.43%
• 1M: -20.32%
• YTD: -33.38%
• 6M: -34.60%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

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	-33.38%	-24.78%

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	—	-1.16	—

Drawdowns

Drawdown Indicators

	GFOF	ETCO	Difference
Max Drawdown Largest peak-to-trough decline	—	-56.81%	—
Current Drawdown Current decline from peak	—	-54.32%	—
Average Drawdown Average peak-to-trough decline	—	-34.43%	—

Volatility

Volatility by Period

	GFOF	ETCO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	—	52.49%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	52.49%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	52.49%	—

GFOF vs. ETCO - Expense Ratio Comparison

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

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 127.41%.

Position	TTM	2025	2024	2023
ETCO Grayscale Ethereum Covered Call ETF	127.41%	42.29%	0.00%	0.00%
GFOF Grayscale Future of Finance ETF	0.00%	0.00%	2.55%	4.08%

Frequently Asked Questions

Which ETF is better, GFOF or ETCO?

On fees, ETCO is cheaper at 0.66% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GFOF or ETCO?

ETCO is cheaper with a 0.66% expense ratio, compared with 0.70% for GFOF.

Which ETF pays a higher dividend yield, GFOF or ETCO?

ETCO has the higher dividend yield at 127.41%, compared with 0.00% for GFOF.

What is the main difference between GFOF and ETCO?

GFOF is categorized as Blockchain, while ETCO is Cryptocurrency. Their fees differ too: 0.70% for GFOF and 0.66% for ETCO.