GSOL vs. ETHW
Compare and contrast key facts about Grayscale Solana Staking ETF (GSOL) and Bitwise Ethereum ETF (ETHW).
GSOL and ETHW 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. ETHW is an actively managed fund by Bitwise. It was launched on Jul 22, 2024.
Performance
GSOL vs. ETHW - Performance Comparison
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GSOL vs. ETHW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GSOL Grayscale Solana Staking ETF | -31.43% | -29.95% |
ETHW Bitwise Ethereum ETF | -28.02% | -19.43% |
Returns By Period
In the year-to-date period, GSOL achieves a -31.43% return, which is significantly lower than ETHW's -28.02% return.
GSOL
- 1D
- 1.79%
- 1M
- -3.70%
- YTD
- -31.43%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETHW
- 1D
- 2.07%
- 1M
- 5.01%
- YTD
- -28.02%
- 6M
- -50.72%
- 1Y
- 11.83%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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GSOL vs. ETHW - Expense Ratio Comparison
GSOL has a 0.35% expense ratio, which is higher than ETHW's 0.20% expense ratio.
Return for Risk
GSOL vs. ETHW — Risk / Return Rank
GSOL
ETHW
GSOL vs. ETHW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale Solana Staking ETF (GSOL) and Bitwise Ethereum ETF (ETHW). 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 | ETHW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.16 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.99 | -0.34 | -0.65 |
Correlation
The correlation between GSOL and ETHW is 0.93, 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. ETHW - Dividend Comparison
Neither GSOL nor ETHW has paid dividends to shareholders.
Drawdowns
GSOL vs. ETHW - Drawdown Comparison
The maximum GSOL drawdown since its inception was -58.63%, smaller than the maximum ETHW drawdown of -64.04%. Use the drawdown chart below to compare losses from any high point for GSOL and ETHW.
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Drawdown Indicators
| GSOL | ETHW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.63% | -64.04% | +5.41% |
Max Drawdown (1Y)Largest decline over 1 year | — | -61.69% | — |
Current DrawdownCurrent decline from peak | -54.55% | -55.87% | +1.32% |
Average DrawdownAverage peak-to-trough decline | -37.69% | -30.46% | -7.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 30.62% | — |
Volatility
GSOL vs. ETHW - Volatility Comparison
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Volatility by Period
| GSOL | ETHW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 18.96% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 53.61% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 84.29% | 75.78% | +8.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 84.29% | 74.63% | +9.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 84.29% | 74.63% | +9.66% |