GSUI vs. GDLC

Last updated Jun 24, 2026

GSUI (Grayscale Sui Staking ETF) and GDLC (Grayscale CoinDesk Crypto 5 ETF) are both Cryptocurrency funds from Grayscale - GSUI tracks the CoinDesk SUI Reference Rate while GDLC tracks the CoinDesk 5 Index. Both are passively managed. A 0.61 correlation means they provide meaningful diversification when combined. GSUI charges 0.00%/yr vs 0.59%/yr for GDLC.

Performance

GSUI vs. GDLC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Grayscale Sui Staking ETF (GSUI) and Grayscale CoinDesk Crypto 5 ETF (GDLC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GSUI achieves a -48.29% return, which is significantly lower than GDLC's -32.51% return.

GSUI

• 1D: -2.97%
• 1M: -33.68%
• YTD: -48.29%
• 6M: -46.49%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GDLC

• 1D: -3.16%
• 1M: -17.46%
• YTD: -32.51%
• 6M: -32.63%
• 1Y: -38.54%
• 3Y*: 49.72%
• 5Y*: 4.86%
• 10Y*: —

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

GSUI vs. GDLC - Yearly Performance Comparison

	2026 (YTD)	2025
GSUI Grayscale Sui Staking ETF	-48.29%	-42.99%
GDLC Grayscale CoinDesk Crypto 5 ETF	-32.51%	3.36%

Correlation

The correlation between GSUI and GDLC is 0.61, 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 24, 2025	0.61

Return for Risk

GSUI vs. GDLC — Risk / Return Rank

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

GSUI

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

GDLC

GDLC Risk / Return Rank: 3
GDLC Sharpe Ratio Rank: 3
GDLC Sortino Ratio Rank: 3
GDLC Omega Ratio Rank: 3
GDLC Calmar Ratio Rank: 3
GDLC Martin Ratio Rank: 3

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. GDLC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Grayscale Sui Staking ETF (GSUI) and Grayscale CoinDesk Crypto 5 ETF (GDLC). 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.

	GSUI	GDLC	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.79	—
Sortino ratio: Return per unit of downside risk	—	-1.03	—
Omega ratio: Gain probability vs. loss probability	—	0.88	—
Calmar ratio: Return relative to maximum drawdown	—	-0.69	—
Martin ratio: Return relative to average drawdown	—	-1.16	—

Drawdowns

GSUI vs. GDLC - Drawdown Comparison

The maximum GSUI drawdown since its inception was -70.73%, smaller than the maximum GDLC drawdown of -94.14%. Use the drawdown chart below to compare losses from any high point for GSUI and GDLC.

Drawdown Indicators

	GSUI	GDLC	Difference
Max Drawdown Largest peak-to-trough decline	-70.73%	-94.14%	+23.41%
Max Drawdown (1Y) Largest decline over 1 year	—	-56.34%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-56.34%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-94.14%	—
Current Drawdown Current decline from peak	-70.52%	-56.58%	-13.94%
Average Drawdown Average peak-to-trough decline	-52.30%	-52.78%	+0.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	33.36%	—

Volatility

Volatility by Period

	GSUI	GDLC	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	13.86%	—
Volatility (6M) Calculated over the trailing 6-month period	—	36.82%	—
Volatility (1Y) Calculated over the trailing 1-year period	106.72%	49.09%	+57.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	106.72%	73.78%	+32.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	106.72%	94.18%	+12.54%

GSUI vs. GDLC - Expense Ratio Comparison

GSUI has a 0.00% expense ratio, which is lower than GDLC's 0.59% expense ratio.

Dividends

GSUI vs. GDLC - Dividend Comparison

Neither GSUI nor GDLC has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both GSUI and GDLC in my portfolio?

GSUI and GDLC have a correlation of 0.61, 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 GDLC?

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 GDLC?

GSUI is cheaper with a 0.00% expense ratio, compared with 0.59% for GDLC.

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

GSUI and GDLC have nearly identical dividend yields, around 0.00%.

What is the main difference between GSUI and GDLC?

GSUI tracks CoinDesk SUI Reference Rate, while GDLC tracks CoinDesk 5 Index. Their fees differ too: 0.00% for GSUI and 0.59% for GDLC.