GSOL vs. ETCO

Last updated Apr 1, 2026

Compare and contrast key facts about Grayscale Solana Staking ETF (GSOL) and Grayscale Ethereum Covered Call ETF (ETCO).

GSOL and ETCO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GSOL is an actively managed fund by Grayscale. It was launched on Nov 18, 2021. ETCO is an actively managed fund by Grayscale. It was launched on Sep 3, 2025.

Performance

GSOL vs. ETCO - Performance Comparison

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

GSOL vs. ETCO - Yearly Performance Comparison

	2026 (YTD)	2025
GSOL Grayscale Solana Staking ETF	-32.64%	-29.95%
ETCO Grayscale Ethereum Covered Call ETF	-25.85%	-12.21%

Returns By Period

In the year-to-date period, GSOL achieves a -32.64% return, which is significantly lower than ETCO's -25.85% return.

GSOL

• 1D: 0.16%
• 1M: 1.49%
• YTD: -32.64%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ETCO

• 1D: 1.53%
• 1M: 8.51%
• YTD: -25.85%
• 6M: -43.16%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GSOL vs. ETCO - Expense Ratio Comparison

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

ETCO

Grayscale Ethereum Covered Call ETF

GSOL

Grayscale Solana Staking ETF

Return for Risk

GSOL vs. ETCO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Grayscale Solana Staking ETF (GSOL) 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

	GSOL	ETCO	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-1.00	-1.13	+0.13

Correlation

The correlation between GSOL and ETCO is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

GSOL vs. ETCO - Dividend Comparison

GSOL has not paid dividends to shareholders, while ETCO's dividend yield for the trailing twelve months is around 93.84%.

	TTM	2025
GSOL Grayscale Solana Staking ETF	0.00%	0.00%
ETCO Grayscale Ethereum Covered Call ETF	93.84%	42.29%

Drawdowns

GSOL vs. ETCO - Drawdown Comparison

The maximum GSOL drawdown since its inception was -58.63%, roughly equal to the maximum ETCO drawdown of -56.81%. Use the drawdown chart below to compare losses from any high point for GSOL and ETCO.

Drawdown Indicators

	GSOL	ETCO	Difference
Max Drawdown Largest peak-to-trough decline	-58.63%	-56.81%	-1.82%
Current Drawdown Current decline from peak	-55.35%	-49.15%	-6.20%
Average Drawdown Average peak-to-trough decline	-37.53%	-30.94%	-6.59%

Volatility

Volatility by Period

	GSOL	ETCO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	84.62%	57.18%	+27.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	84.62%	57.18%	+27.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	84.62%	57.18%	+27.44%