GSOL vs. ETHE
GSOL (Grayscale Solana Staking ETF) and ETHE (Grayscale Ethereum Trust ETF) are both Cryptocurrency funds from Grayscale. GSOL is actively managed, while ETHE is passively managed. Their correlation of 0.80 suggests significant overlap in exposure. GSOL charges 0.35%/yr vs 2.50%/yr for ETHE.
Performance
GSOL vs. ETHE - Performance Comparison
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Returns By Period
GSOL
- 1D
- -4.43%
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETHE
- 1D
- -5.64%
- 1M
- -23.64%
- YTD
- -39.63%
- 6M
- -42.89%
- 1Y
- -32.48%
- 3Y*
- 19.37%
- 5Y*
- -11.60%
- 10Y*
- —
GSOL vs. ETHE - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
GSOL Grayscale Solana Staking ETF | -12.36% |
ETHE Grayscale Ethereum Trust ETF | -10.56% |
Correlation
The correlation between GSOL and ETHE 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 |
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Return for Risk
GSOL vs. ETHE — Risk / Return Rank
GSOL
ETHE
GSOL vs. ETHE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale Solana Staking ETF (GSOL) and Grayscale Ethereum Trust ETF (ETHE). 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.
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Sharpe Ratios by Period
| GSOL | ETHE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -0.48 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.14 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -2.23 | 0.06 | -2.30 |
Drawdowns
GSOL vs. ETHE - Drawdown Comparison
The maximum GSOL drawdown since its inception was -12.36%, smaller than the maximum ETHE drawdown of -96.26%. Use the drawdown chart below to compare losses from any high point for GSOL and ETHE.
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Drawdown Indicators
| GSOL | ETHE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.36% | -96.26% | +83.90% |
Max Drawdown (1Y)Largest decline over 1 year | — | -63.16% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -66.12% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -89.85% | — |
Current DrawdownCurrent decline from peak | -12.36% | -77.17% | +64.81% |
Average DrawdownAverage peak-to-trough decline | -5.53% | -72.23% | +66.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 37.98% | — |
Volatility
GSOL vs. ETHE - Volatility Comparison
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Volatility by Period
| GSOL | ETHE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 9.87% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 46.00% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 51.66% | 68.31% | -16.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.66% | 82.26% | -30.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.66% | 191.84% | -140.18% |
GSOL vs. ETHE - Expense Ratio Comparison
GSOL has a 0.35% expense ratio, which is lower than ETHE's 2.50% expense ratio.
Dividends
GSOL vs. ETHE - Dividend Comparison
GSOL has not paid dividends to shareholders, while ETHE's dividend yield for the trailing twelve months is around 1.35%.
| Position | TTM |
|---|---|
ETHE Grayscale Ethereum Trust ETF | 1.35% |
GSOL Grayscale Solana Staking ETF | 0.00% |
Frequently Asked Questions
GSOL and ETHE 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.
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.
GSOL is cheaper with a 0.35% expense ratio, compared with 2.50% for ETHE.
ETHE has the higher dividend yield at 1.35%, compared with 0.00% for GSOL.
Their fees differ too: 0.35% for GSOL and 2.50% for ETHE.
Find the right allocation for GSOL and ETHE
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