GSUI vs. ETCO

Last updated Jun 4, 2026

GSUI (Grayscale Sui Staking ETF) and ETCO (Grayscale Ethereum Covered Call ETF) are both Cryptocurrency funds from Grayscale. GSUI is passively managed, while ETCO is actively managed. A 0.60 correlation means they provide meaningful diversification when combined. GSUI charges 0.00%/yr vs 0.66%/yr for ETCO.

Performance

GSUI vs. ETCO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Grayscale Sui Staking ETF (GSUI) and Grayscale Ethereum Covered Call ETF (ETCO). 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 ETCO's -33.38% return.

GSUI

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

ETCO

• 1D: -5.43%
• 1M: -20.32%
• YTD: -33.38%
• 6M: -34.60%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GSUI vs. ETCO - Yearly Performance Comparison

	2026 (YTD)	2025
GSUI Grayscale Sui Staking ETF	-39.93%	-34.63%
ETCO Grayscale Ethereum Covered Call ETF	-33.38%	4.84%

Correlation

The correlation between GSUI and ETCO is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 25, 2025	0.60

Return for Risk

GSUI vs. ETCO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Grayscale Sui Staking ETF (GSUI) and Grayscale Ethereum Covered Call ETF (ETCO). 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	ETCO	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.78	-1.16	+0.38

Drawdowns

GSUI vs. ETCO - Drawdown Comparison

The maximum GSUI drawdown since its inception was -60.73%, which is greater than ETCO's maximum drawdown of -56.81%. Use the drawdown chart below to compare losses from any high point for GSUI and ETCO.

Drawdown Indicators

	GSUI	ETCO	Difference
Max Drawdown Largest peak-to-trough decline	-60.73%	-56.81%	-3.92%
Current Drawdown Current decline from peak	-60.73%	-54.32%	-6.41%
Average Drawdown Average peak-to-trough decline	-43.81%	-34.43%	-9.38%

Volatility

Volatility by Period

	GSUI	ETCO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	107.79%	52.49%	+55.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	107.79%	52.49%	+55.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	107.79%	52.49%	+55.30%

GSUI vs. ETCO - Expense Ratio Comparison

GSUI has a 0.00% expense ratio, which is lower than ETCO's 0.66% expense ratio.

Dividends

GSUI vs. ETCO - Dividend Comparison

GSUI has not paid dividends to shareholders, while ETCO's dividend yield for the trailing twelve months is around 127.41%.

Position	TTM	2025
ETCO Grayscale Ethereum Covered Call ETF	127.41%	42.29%
GSUI Grayscale Sui Staking ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both GSUI and ETCO in my portfolio?

GSUI and ETCO have a correlation of 0.60, 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 ETCO?

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 ETCO?

GSUI is cheaper with a 0.00% expense ratio, compared with 0.66% for ETCO.

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

ETCO has the higher dividend yield at 127.41%, compared with 0.00% for GSUI.

What is the main difference between GSUI and ETCO?

Their fees differ too: 0.00% for GSUI and 0.66% for ETCO.