GSUI vs. AETH

Last updated Jun 4, 2026

GSUI (Grayscale Sui Staking ETF) and AETH (Bitwise Ethereum Strategy ETF) are both Cryptocurrency funds. GSUI is passively managed, while AETH is actively managed. At a 0.39 correlation, their price movements are largely independent. GSUI charges 0.00%/yr vs 0.90%/yr for AETH.

Performance

GSUI vs. AETH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Grayscale Sui Staking ETF (GSUI) and Bitwise Ethereum Strategy ETF (AETH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GSUI achieves a -39.93% return, which is significantly lower than AETH's -9.79% return.

GSUI

• 1D: -1.09%
• 1M: -12.82%
• YTD: -39.93%
• 6M: -46.50%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AETH

• 1D: -0.01%
• 1M: -4.98%
• YTD: -9.79%
• 6M: -15.30%
• 1Y: -16.05%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GSUI vs. AETH - Yearly Performance Comparison

	2026 (YTD)	2025
GSUI Grayscale Sui Staking ETF	-39.93%	-34.63%
AETH Bitwise Ethereum Strategy ETF	-9.79%	-6.02%

Correlation

The correlation between GSUI and AETH is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 25, 2025	0.39

Return for Risk

GSUI vs. AETH — Risk / Return Rank

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

AETH

AETH Risk / Return Rank: 6
AETH Sharpe Ratio Rank: 5
AETH Sortino Ratio Rank: 6
AETH Omega Ratio Rank: 5
AETH Calmar Ratio Rank: 5
AETH Martin Ratio Rank: 6

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.

GSUI vs. AETH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Grayscale Sui Staking ETF (GSUI) and Bitwise Ethereum Strategy ETF (AETH). 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

	GSUI	AETH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.36	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.78	0.37	-1.15

Drawdowns

GSUI vs. AETH - Drawdown Comparison

The maximum GSUI drawdown since its inception was -60.73%, which is greater than AETH's maximum drawdown of -47.78%. Use the drawdown chart below to compare losses from any high point for GSUI and AETH.

Drawdown Indicators

	GSUI	AETH	Difference
Max Drawdown Largest peak-to-trough decline	-60.73%	-47.78%	-12.95%
Max Drawdown (1Y) Largest decline over 1 year	—	-43.98%	—
Current Drawdown Current decline from peak	-60.73%	-43.85%	-16.88%
Average Drawdown Average peak-to-trough decline	-43.81%	-24.65%	-19.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	30.86%	—

Volatility

Volatility by Period

	GSUI	AETH	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.02%	—
Volatility (6M) Calculated over the trailing 6-month period	—	27.18%	—
Volatility (1Y) Calculated over the trailing 1-year period	107.79%	45.03%	+62.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	107.79%	54.68%	+53.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	107.79%	54.68%	+53.11%

GSUI vs. AETH - Expense Ratio Comparison

GSUI has a 0.00% expense ratio, which is lower than AETH's 0.90% expense ratio.

Dividends

GSUI vs. AETH - Dividend Comparison

GSUI has not paid dividends to shareholders, while AETH's dividend yield for the trailing twelve months is around 2.67%.

Position	TTM	2025	2024	2023
AETH Bitwise Ethereum Strategy ETF	2.67%	2.41%	14.73%	6.64%
GSUI Grayscale Sui Staking ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GSUI and AETH in my portfolio?

GSUI and AETH have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GSUI or AETH?

On fees, GSUI is cheaper at 0.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GSUI or AETH?

GSUI is cheaper with a 0.00% expense ratio, compared with 0.90% for AETH.

Which ETF pays a higher dividend yield, GSUI or AETH?

AETH has the higher dividend yield at 2.67%, compared with 0.00% for GSUI.

What is the main difference between GSUI and AETH?

They also come from different issuers: Grayscale and Bitwise. Their fees differ too: 0.00% for GSUI and 0.90% for AETH.