GSOL vs. BTCC

Last updated Jun 4, 2026

GSOL (Grayscale Solana Staking ETF) and BTCC (Grayscale Bitcoin Covered Call ETF) are both Cryptocurrency funds from Grayscale. Both are actively managed. With a 1.00 correlation, they move nearly in lockstep. GSOL charges 0.35%/yr vs 0.66%/yr for BTCC.

Performance

GSOL vs. BTCC - Performance Comparison

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

Returns By Period

GSOL

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

BTCC

• 1D: -2.53%
• 1M: -15.87%
• YTD: -20.81%
• 6M: -22.94%
• 1Y: -33.54%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GSOL vs. BTCC - Yearly Performance Comparison

	2026 (YTD)
GSOL Grayscale Solana Staking ETF	-12.36%
BTCC Grayscale Bitcoin Covered Call ETF	-10.24%

Correlation

The correlation between GSOL and BTCC 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

GSOL vs. BTCC — Risk / Return Rank

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

BTCC

BTCC Risk / Return Rank: 2
BTCC Sharpe Ratio Rank: 1
BTCC Sortino Ratio Rank: 2
BTCC Omega Ratio Rank: 1
BTCC Calmar Ratio Rank: 3
BTCC Martin Ratio Rank: 1

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.

GSOL vs. BTCC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Grayscale Solana Staking ETF (GSOL) and Grayscale Bitcoin Covered Call ETF (BTCC). 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

	GSOL	BTCC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-1.02	—
Sharpe Ratio (All Time) Calculated using the full available price history	-2.23	-0.72	-1.52

Drawdowns

GSOL vs. BTCC - Drawdown Comparison

The maximum GSOL drawdown since its inception was -12.36%, smaller than the maximum BTCC drawdown of -44.40%. Use the drawdown chart below to compare losses from any high point for GSOL and BTCC.

Drawdown Indicators

	GSOL	BTCC	Difference
Max Drawdown Largest peak-to-trough decline	-12.36%	-44.40%	+32.04%
Max Drawdown (1Y) Largest decline over 1 year	—	-44.40%	—
Current Drawdown Current decline from peak	-12.36%	-39.44%	+27.08%
Average Drawdown Average peak-to-trough decline	-5.53%	-15.57%	+10.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	22.87%	—

Volatility

Volatility by Period

	GSOL	BTCC	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	8.70%	—
Volatility (6M) Calculated over the trailing 6-month period	—	27.70%	—
Volatility (1Y) Calculated over the trailing 1-year period	51.66%	32.92%	+18.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	51.66%	31.68%	+19.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	51.66%	31.68%	+19.98%

GSOL vs. BTCC - Expense Ratio Comparison

GSOL has a 0.35% expense ratio, which is lower than BTCC's 0.66% expense ratio.

Dividends

GSOL vs. BTCC - Dividend Comparison

GSOL has not paid dividends to shareholders, while BTCC's dividend yield for the trailing twelve months is around 105.03%.

Position	TTM	2025
BTCC Grayscale Bitcoin Covered Call ETF	105.03%	63.86%
GSOL Grayscale Solana Staking ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both GSOL and BTCC in my portfolio?

With a correlation of 1.00, GSOL and BTCC 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, GSOL or BTCC?

On fees, GSOL is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GSOL or BTCC?

GSOL is cheaper with a 0.35% expense ratio, compared with 0.66% for BTCC.

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

BTCC has the higher dividend yield at 105.03%, compared with 0.00% for GSOL.

What is the main difference between GSOL and BTCC?

Their fees differ too: 0.35% for GSOL and 0.66% for BTCC.