GSOL vs. CBOO

Last updated Jun 5, 2026

GSOL (Grayscale Solana Staking ETF) and CBOO (Calamos Bitcoin Structured Alt Protection ETF - October) are both exchange-traded funds - GSOL is a Cryptocurrency fund actively managed by Grayscale, while CBOO is a Defined Outcome fund actively managed by Calamos. Both are actively managed. Their correlation of 0.80 suggests significant overlap in exposure. GSOL charges 0.35%/yr vs 0.69%/yr for CBOO.

Performance

GSOL vs. CBOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Grayscale Solana Staking ETF (GSOL) and Calamos Bitcoin Structured Alt Protection ETF - October (CBOO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

GSOL

• 1D: -4.08%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CBOO

• 1D: 0.02%
• 1M: -0.06%
• YTD: -0.02%
• 6M: -0.16%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GSOL vs. CBOO - Yearly Performance Comparison

	2026 (YTD)
GSOL Grayscale Solana Staking ETF	-15.93%
CBOO Calamos Bitcoin Structured Alt Protection ETF - October	0.04%

Correlation

The correlation between GSOL and CBOO is 0.80, 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 May 29, 2026	0.80

Return for Risk

GSOL vs. CBOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Grayscale Solana Staking ETF (GSOL) and Calamos Bitcoin Structured Alt Protection ETF - October (CBOO). 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	CBOO	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-2.47	-1.17	-1.30

Drawdowns

GSOL vs. CBOO - Drawdown Comparison

The maximum GSOL drawdown since its inception was -15.93%, which is greater than CBOO's maximum drawdown of -2.34%. Use the drawdown chart below to compare losses from any high point for GSOL and CBOO.

Drawdown Indicators

	GSOL	CBOO	Difference
Max Drawdown Largest peak-to-trough decline	-15.93%	-2.34%	-13.59%
Current Drawdown Current decline from peak	-15.93%	-1.70%	-14.23%
Average Drawdown Average peak-to-trough decline	-7.61%	-1.61%	-6.00%

Volatility

Volatility by Period

	GSOL	CBOO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	45.17%	2.14%	+43.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	45.17%	2.14%	+43.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	45.17%	2.14%	+43.03%

GSOL vs. CBOO - Expense Ratio Comparison

GSOL has a 0.35% expense ratio, which is lower than CBOO's 0.69% expense ratio.

Dividends

GSOL vs. CBOO - Dividend Comparison

GSOL has not paid dividends to shareholders, while CBOO's dividend yield for the trailing twelve months is around 0.57%.

Position	TTM	2025
CBOO Calamos Bitcoin Structured Alt Protection ETF - October	0.57%	0.57%
GSOL Grayscale Solana Staking ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both GSOL and CBOO in my portfolio?

GSOL and CBOO have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GSOL or CBOO?

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 CBOO?

GSOL is cheaper with a 0.35% expense ratio, compared with 0.69% for CBOO.

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

CBOO has the higher dividend yield at 0.57%, compared with 0.00% for GSOL.

What is the main difference between GSOL and CBOO?

GSOL is categorized as Cryptocurrency, while CBOO is Defined Outcome. They also come from different issuers: Grayscale and Calamos. Their fees differ too: 0.35% for GSOL and 0.69% for CBOO.