GSOL vs. GAVA

Last updated Jun 4, 2026

GSOL (Grayscale Solana Staking ETF) and GAVA (Grayscale Avalanche Staking ETF) are both Cryptocurrency funds from Grayscale. Both are actively managed. Their correlation of 0.80 suggests significant overlap in exposure. Both charge a 0.35% expense ratio.

Performance

GSOL vs. GAVA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Grayscale Solana Staking ETF (GSOL) and Grayscale Avalanche Staking ETF (GAVA). 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*: —

GAVA

• 1D: -3.57%
• 1M: -12.65%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GSOL vs. GAVA - Yearly Performance Comparison

	2026 (YTD)
GSOL Grayscale Solana Staking ETF	-12.36%
GAVA Grayscale Avalanche Staking ETF	-9.79%

Correlation

The correlation between GSOL and GAVA 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. GAVA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Grayscale Solana Staking ETF (GSOL) and Grayscale Avalanche Staking ETF (GAVA). 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	GAVA	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-2.23	-1.09	-1.14

Drawdowns

GSOL vs. GAVA - Drawdown Comparison

The maximum GSOL drawdown since its inception was -12.36%, smaller than the maximum GAVA drawdown of -21.51%. Use the drawdown chart below to compare losses from any high point for GSOL and GAVA.

Drawdown Indicators

	GSOL	GAVA	Difference
Max Drawdown Largest peak-to-trough decline	-12.36%	-21.51%	+9.15%
Current Drawdown Current decline from peak	-12.36%	-21.51%	+9.15%
Average Drawdown Average peak-to-trough decline	-5.53%	-9.03%	+3.50%

Volatility

Volatility by Period

	GSOL	GAVA	Difference
Volatility (1Y) Calculated over the trailing 1-year period	51.66%	49.61%	+2.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	51.66%	49.61%	+2.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	51.66%	49.61%	+2.05%

GSOL vs. GAVA - Expense Ratio Comparison

Both GSOL and GAVA have an expense ratio of 0.35%.

Dividends

GSOL vs. GAVA - Dividend Comparison

Neither GSOL nor GAVA has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both GSOL and GAVA in my portfolio?

GSOL and GAVA 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.

Which ETF is better, GSOL or GAVA?

Both ETFs have the same 0.35% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GSOL or GAVA?

GSOL and GAVA have the same expense ratio: 0.35% per year.

Which ETF pays a higher dividend yield, GSOL or GAVA?

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