GSOL vs. FWDI

Last updated Jun 25, 2026

GSOL (Grayscale Solana Staking ETF) is Cryptocurrency fund actively managed by Grayscale, while FWDI (Forward Industries, Inc) is a stock. Their correlation of 0.83 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: -4.06%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FWDI

• 1D: -11.04%
• 1M: -19.98%
• YTD: -44.55%
• 6M: -47.19%
• 1Y: -39.32%
• 3Y*: -27.20%
• 5Y*: -34.63%
• 10Y*: -11.48%

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

GSOL vs. FWDI - Yearly Performance Comparison

	2026 (YTD)
GSOL Grayscale Solana Staking ETF	-17.88%
FWDI Forward Industries, Inc	-18.74%

Correlation

The correlation between GSOL and FWDI is 0.83, 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	0.83

Return for Risk

GSOL vs. FWDI — 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.

FWDI

FWDI Risk / Return Rank: 34
FWDI Sharpe Ratio Rank: 29
FWDI Sortino Ratio Rank: 39
FWDI Omega Ratio Rank: 39
FWDI Calmar Ratio Rank: 29
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.

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.

	GSOL	FWDI	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.32	—
Sortino ratio: Return per unit of downside risk	—	0.28	—
Omega ratio: Gain probability vs. loss probability	—	1.03	—
Calmar ratio: Return relative to maximum drawdown	—	-0.44	—
Martin ratio: Return relative to average drawdown	—	-0.57	—

Drawdowns

GSOL vs. FWDI - Drawdown Comparison

The maximum GSOL drawdown since its inception was -22.60%, 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	-22.60%	-98.85%	+76.25%
Max Drawdown (1Y) Largest decline over 1 year	—	-90.60%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-90.60%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-90.60%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-93.24%	—
Current Drawdown Current decline from peak	-19.35%	-98.72%	+79.37%
Average Drawdown Average peak-to-trough decline	-13.23%	-82.26%	+69.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	69.49%	—

Volatility

Volatility by Period

	GSOL	FWDI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	28.28%	—
Volatility (6M) Calculated over the trailing 6-month period	—	64.35%	—
Volatility (1Y) Calculated over the trailing 1-year period	82.02%	123.38%	-41.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	82.02%	86.20%	-4.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	82.02%	90.83%	-8.81%

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 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.