GSOL vs. GSY

Last updated Jun 4, 2026

GSOL (Grayscale Solana Staking ETF) and GSY (Invesco Ultra Short Duration ETF) are both exchange-traded funds - GSOL is a Cryptocurrency fund actively managed by Grayscale, while GSY is a Ultrashort Bond fund actively managed by Invesco. Both are actively managed. Their correlation of 0.95 suggests significant overlap in exposure. GSOL charges 0.35%/yr vs 0.22%/yr for GSY.

Performance

GSOL vs. GSY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Grayscale Solana Staking ETF (GSOL) and Invesco Ultra Short Duration ETF (GSY). 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*: —

GSY

• 1D: 0.00%
• 1M: 0.36%
• YTD: 1.59%
• 6M: 1.96%
• 1Y: 4.54%
• 3Y*: 5.45%
• 5Y*: 3.65%
• 10Y*: 2.86%

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

GSOL vs. GSY - Yearly Performance Comparison

	2026 (YTD)
GSOL Grayscale Solana Staking ETF	-12.36%
GSY Invesco Ultra Short Duration ETF	0.08%

Correlation

The correlation between GSOL and GSY is 0.95, 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	0.95

Return for Risk

GSOL vs. GSY — Risk / Return Rank

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

GSY

GSY Risk / Return Rank: 100
GSY Sharpe Ratio Rank: 99
GSY Sortino Ratio Rank: 100
GSY Omega Ratio Rank: 100
GSY Calmar Ratio Rank: 100
GSY Martin Ratio Rank: 100

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. GSY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Grayscale Solana Staking ETF (GSOL) and Invesco Ultra Short Duration ETF (GSY). 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	GSY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	11.52	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	6.29	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	2.35	—
Sharpe Ratio (All Time) Calculated using the full available price history	-2.23	0.46	-2.69

Drawdowns

GSOL vs. GSY - Drawdown Comparison

The maximum GSOL drawdown since its inception was -12.36%, roughly equal to the maximum GSY drawdown of -12.14%. Use the drawdown chart below to compare losses from any high point for GSOL and GSY.

Drawdown Indicators

	GSOL	GSY	Difference
Max Drawdown Largest peak-to-trough decline	-12.36%	-12.14%	-0.22%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.06%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-0.18%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-1.48%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-5.25%	—
Current Drawdown Current decline from peak	-12.36%	0.00%	-12.36%
Average Drawdown Average peak-to-trough decline	-5.53%	-2.39%	-3.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.01%	—

Volatility

Volatility by Period

	GSOL	GSY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.14%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.29%	—
Volatility (1Y) Calculated over the trailing 1-year period	51.66%	0.40%	+51.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	51.66%	0.58%	+51.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	51.66%	1.22%	+50.44%

GSOL vs. GSY - Expense Ratio Comparison

GSOL has a 0.35% expense ratio, which is higher than GSY's 0.22% expense ratio.

Dividends

GSOL vs. GSY - Dividend Comparison

GSOL has not paid dividends to shareholders, while GSY's dividend yield for the trailing twelve months is around 4.34%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GSOL Grayscale Solana Staking ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
GSY Invesco Ultra Short Duration ETF	4.34%	4.56%	5.31%	4.95%	1.70%	0.58%	1.45%	2.71%	2.30%	1.80%	1.21%	1.17%

Frequently Asked Questions

Can I hold both GSOL and GSY in my portfolio?

With a correlation of 0.95, GSOL and GSY move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, GSOL or GSY?

On fees, GSY is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GSOL or GSY?

GSY is cheaper with a 0.22% expense ratio, compared with 0.35% for GSOL.

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

GSY has the higher dividend yield at 4.34%, compared with 0.00% for GSOL.

What is the main difference between GSOL and GSY?

GSOL is categorized as Cryptocurrency, while GSY is Ultrashort Bond. They also come from different issuers: Grayscale and Invesco. Their fees differ too: 0.35% for GSOL and 0.22% for GSY.