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GSOL vs. ETH
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

GSOL vs. ETH - Performance Comparison

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

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Returns By Period


GSOL

1D
4.80%
1M
YTD
6M
1Y
3Y*
5Y*
10Y*

ETH

1D
1.60%
1M
-15.97%
YTD
-41.30%
6M
-41.35%
1Y
-27.60%
3Y*
5Y*
10Y*
*Multi-year figures are annualized to reflect compound growth (CAGR)

GSOL vs. ETH - Yearly Performance Comparison


Correlation

The correlation between GSOL and ETH is 0.86, 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

0.86

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Return for Risk

GSOL vs. ETH — Risk / Return Rank

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

GSOL

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


ETH
ETH Risk / Return Rank: 66
Overall Rank
ETH Sharpe Ratio Rank: 55
Sharpe Ratio Rank
ETH Sortino Ratio Rank: 66
Sortino Ratio Rank
ETH Omega Ratio Rank: 66
Omega Ratio Rank
ETH Calmar Ratio Rank: 55
Calmar Ratio Rank
ETH Martin Ratio Rank: 66
Martin Ratio Rank
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. ETH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Grayscale Solana Staking ETF (GSOL) and Grayscale Ethereum Staking Mini ETF (ETH). 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.


GSOLETHDifference
Sharpe ratioReturn per unit of total volatility

Sortino ratioReturn per unit of downside risk

Omega ratioGain probability vs. loss probability

0.98

Calmar ratioReturn relative to maximum drawdown

-0.41

Martin ratioReturn relative to average drawdown

-0.69

GSOL vs. ETH - Sharpe Ratio Comparison


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Drawdowns

GSOL vs. ETH - Drawdown Comparison

The maximum GSOL drawdown since its inception was -22.60%, smaller than the maximum ETH drawdown of -67.19%. Use the drawdown chart below to compare losses from any high point for GSOL and ETH.


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Drawdown Indicators


GSOLETHDifference

Max Drawdown

Largest peak-to-trough decline

-22.60%

-67.19%

+44.59%

Max Drawdown (1Y)

Largest decline over 1 year

-67.19%

Current Drawdown

Current decline from peak

-11.22%

-63.85%

+52.63%

Average Drawdown

Average peak-to-trough decline

-12.71%

-33.43%

+20.72%

Ulcer Index

Depth and duration of drawdowns from previous peaks

39.94%

Volatility

GSOL vs. ETH - Volatility Comparison


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Volatility by Period


GSOLETHDifference

Volatility (1M)

Calculated over the trailing 1-month period

19.53%

Volatility (6M)

Calculated over the trailing 6-month period

46.79%

Volatility (1Y)

Calculated over the trailing 1-year period

83.98%

69.07%

+14.91%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

83.98%

72.39%

+11.59%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

83.98%

72.39%

+11.59%

GSOL vs. ETH - Expense Ratio Comparison

GSOL has a 0.35% expense ratio, which is higher than ETH's 0.15% expense ratio.


Dividends

GSOL vs. ETH - Dividend Comparison

Neither GSOL nor ETH has paid dividends to shareholders.


Tickers have no history of dividend payments

Frequently Asked Questions


GSOL and ETH have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, ETH is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

ETH is cheaper with a 0.15% expense ratio, compared with 0.35% for GSOL.

GSOL and ETH have nearly identical dividend yields, around 0.00%.

Their fees differ too: 0.35% for GSOL and 0.15% for ETH.

Portfolio Optimizer

Find the right allocation for GSOL and ETH

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer