GSOL vs. ETCO

Last updated Jun 24, 2026

GSOL (Grayscale Solana Staking ETF) and ETCO (Grayscale Ethereum Covered Call ETF) are both Cryptocurrency funds from Grayscale. Both are actively managed. Their correlation of 0.88 suggests significant overlap in exposure. GSOL charges 0.35%/yr vs 0.66%/yr for ETCO.

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.

Returns By Period

GSOL

• 1D: -5.31%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ETCO

• 1D: -3.73%
• 1M: -16.80%
• YTD: -37.19%
• 6M: -36.29%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GSOL vs. ETCO - Yearly Performance Comparison

	2026 (YTD)
GSOL Grayscale Solana Staking ETF	-14.40%
ETCO Grayscale Ethereum Covered Call ETF	-16.50%

Correlation

The correlation between GSOL and ETCO is 0.88, 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 28, 2026	0.88

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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

GSOL vs. ETCO - Drawdown Comparison

The maximum GSOL drawdown since its inception was -22.60%, smaller than the maximum ETCO drawdown of -59.30%. 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	-22.60%	-59.30%	+36.70%
Current Drawdown Current decline from peak	-15.93%	-56.94%	+41.01%
Average Drawdown Average peak-to-trough decline	-12.89%	-35.71%	+22.82%

Volatility

Volatility by Period

	GSOL	ETCO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	83.47%	53.02%	+30.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	83.47%	53.02%	+30.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	83.47%	53.02%	+30.45%

GSOL vs. ETCO - Expense Ratio Comparison

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

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 141.31%.

Position	TTM	2025
ETCO Grayscale Ethereum Covered Call ETF	141.31%	42.29%
GSOL Grayscale Solana Staking ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both GSOL and ETCO in my portfolio?

GSOL and ETCO have a correlation of 0.88, 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 ETCO?

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 ETCO?

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

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

ETCO has the higher dividend yield at 141.31%, compared with 0.00% for GSOL.

What is the main difference between GSOL and ETCO?

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