GFOF vs. GDLC

Last updated Apr 1, 2026

Compare and contrast key facts about Grayscale Future of Finance ETF (GFOF) and Grayscale CoinDesk Crypto 5 ETF (GDLC).

GFOF and GDLC 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. GDLC is a passively managed fund by Grayscale that tracks the performance of the CoinDesk 5 Index. It was launched on Feb 1, 2018. Both GFOF and GDLC are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

GFOF vs. GDLC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Grayscale Future of Finance ETF (GFOF) and Grayscale CoinDesk Crypto 5 ETF (GDLC). The values are adjusted to include any dividend payments, if applicable.

GFOF vs. GDLC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
GFOF Grayscale Future of Finance ETF	0.00%	0.00%	60.08%	145.49%	-68.58%
GDLC Grayscale CoinDesk Crypto 5 ETF	-24.52%	0.45%	136.98%	353.26%	-81.26%

Returns By Period

GFOF

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

GDLC

• 1D: 2.20%
• 1M: 3.93%
• YTD: -24.52%
• 6M: -44.20%
• 1Y: -10.19%
• 3Y*: 65.34%
• 5Y*: -3.20%
• 10Y*: —

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

GFOF vs. GDLC - Expense Ratio Comparison

GFOF has a 0.70% expense ratio, which is higher than GDLC's 0.59% expense ratio.

GFOF

Grayscale Future of Finance ETF

GDLC

Grayscale CoinDesk Crypto 5 ETF

Return for Risk

GFOF vs. GDLC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GDLC

GDLC Risk / Return Rank: 10
GDLC Sharpe Ratio Rank: 8
GDLC Sortino Ratio Rank: 11
GDLC Omega Ratio Rank: 11
GDLC Calmar Ratio Rank: 9
GDLC Martin Ratio Rank: 9

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GFOF vs. GDLC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Grayscale Future of Finance ETF (GFOF) and Grayscale CoinDesk Crypto 5 ETF (GDLC). 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	GDLC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.20	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.04	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.31	—

Correlation

The correlation between GFOF and GDLC is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

GFOF vs. GDLC - Dividend Comparison

Neither GFOF nor GDLC has paid dividends to shareholders.

	TTM	2025	2024	2023
GFOF Grayscale Future of Finance ETF	0.00%	0.00%	2.55%	4.08%
GDLC Grayscale CoinDesk Crypto 5 ETF	0.00%	0.00%	0.00%	0.00%

Drawdowns

Drawdown Indicators

	GFOF	GDLC	Difference
Max Drawdown Largest peak-to-trough decline	—	-94.14%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-52.91%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-94.14%	—
Current Drawdown Current decline from peak	—	-51.45%	—
Average Drawdown Average peak-to-trough decline	—	-52.90%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	24.86%	—

Volatility

Volatility by Period

	GFOF	GDLC	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	13.67%	—
Volatility (6M) Calculated over the trailing 6-month period	—	40.43%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	50.42%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	77.87%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	95.02%	—