GSOL vs. FWDI

Last updated Jun 4, 2026

GSOL (Grayscale Solana Staking ETF) is Cryptocurrency fund actively managed by Grayscale, while FWDI (Forward Industries, Inc) is a stock. Their correlation of 0.80 suggests significant overlap in exposure.

Performance

GSOL vs. FWDI - Performance Comparison

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

Returns By Period

GSOL

• 1D: -4.43%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FWDI

• 1D: -6.01%
• 1M: -6.01%
• YTD: -36.16%
• 6M: -50.41%
• 1Y: -30.02%
• 3Y*: -25.97%
• 5Y*: -31.06%
• 10Y*: -10.36%

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

GSOL vs. FWDI - Yearly Performance Comparison

	2026 (YTD)
GSOL Grayscale Solana Staking ETF	-12.36%
FWDI Forward Industries, Inc	-7.25%

Correlation

The correlation between GSOL and FWDI 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

Return for Risk

GSOL vs. FWDI — Risk / Return Rank

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

FWDI

FWDI Risk / Return Rank: 35
FWDI Sharpe Ratio Rank: 31
FWDI Sortino Ratio Rank: 41
FWDI Omega Ratio Rank: 40
FWDI Calmar Ratio Rank: 30
FWDI Martin Ratio Rank: 33

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. FWDI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Grayscale Solana Staking ETF (GSOL) and Forward Industries, Inc (FWDI). 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	FWDI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.25	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.36	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.11	—
Sharpe Ratio (All Time) Calculated using the full available price history	-2.23	-0.04	-2.19

Drawdowns

GSOL vs. FWDI - Drawdown Comparison

The maximum GSOL drawdown since its inception was -12.36%, smaller than the maximum FWDI drawdown of -98.85%. Use the drawdown chart below to compare losses from any high point for GSOL and FWDI.

Drawdown Indicators

	GSOL	FWDI	Difference
Max Drawdown Largest peak-to-trough decline	-12.36%	-98.85%	+86.49%
Max Drawdown (1Y) Largest decline over 1 year	—	-89.56%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-89.56%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-89.72%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-93.24%	—
Current Drawdown Current decline from peak	-12.36%	-98.53%	+86.17%
Average Drawdown Average peak-to-trough decline	-5.53%	-82.24%	+76.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	66.25%	—

Volatility

Volatility by Period

	GSOL	FWDI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	25.79%	—
Volatility (6M) Calculated over the trailing 6-month period	—	59.95%	—
Volatility (1Y) Calculated over the trailing 1-year period	51.66%	120.90%	-69.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	51.66%	85.85%	-34.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	51.66%	90.47%	-38.81%

Dividends

GSOL vs. FWDI - Dividend Comparison

Neither GSOL nor FWDI has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both GSOL and FWDI in my portfolio?

GSOL and FWDI 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.