GSUI vs. GDLC

Last updated Apr 7, 2026

Compare and contrast key facts about Grayscale Sui Staking ETF (GSUI) and Grayscale CoinDesk Crypto 5 ETF (GDLC).

GSUI and GDLC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GSUI is a passively managed fund by Grayscale that tracks the performance of the CoinDesk SUI Reference Rate. It was launched on Feb 18, 2026. GDLC is a passively managed fund by Grayscale that tracks the performance of the CoinDesk 5 Index. It was launched on Feb 1, 2018. Both GSUI and GDLC are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

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 -34.03% return, which is significantly lower than GDLC's -22.78% return.

GSUI

• 1D: 4.02%
• 1M: -0.68%
• YTD: -34.03%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GDLC

• 1D: 3.91%
• 1M: 2.41%
• YTD: -22.78%
• 6M: -48.22%
• 1Y: -8.12%
• 3Y*: 68.50%
• 5Y*: -4.56%
• 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	-34.03%	-34.63%
GDLC Grayscale CoinDesk Crypto 5 ETF	-22.78%	-3.07%

Correlation

The correlation between GSUI and GDLC is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined. Holding both can reduce overall portfolio volatility compared to holding either one alone.

GSUI vs. GDLC - Expense Ratio Comparison

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

GDLC

Grayscale CoinDesk Crypto 5 ETF

GSUI

Grayscale Sui Staking ETF

Return for Risk

GSUI vs. GDLC — Risk / Return Rank

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

GDLC

GDLC Risk / Return Rank: 8
GDLC Sharpe Ratio Rank: 8
GDLC Sortino Ratio Rank: 10
GDLC Omega Ratio Rank: 10
GDLC Calmar Ratio Rank: 7
GDLC Martin Ratio Rank: 7

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.

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

Sharpe Ratios by Period

	GSUI	GDLC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.16	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.06	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.80	0.32	-1.11

Drawdowns

GSUI vs. GDLC - Drawdown Comparison

The maximum GSUI drawdown since its inception was -58.56%, 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	-58.56%	-94.14%	+35.58%
Max Drawdown (1Y) Largest decline over 1 year	—	-52.91%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-94.14%	—
Current Drawdown Current decline from peak	-56.88%	-50.33%	-6.55%
Average Drawdown Average peak-to-trough decline	-39.90%	-52.89%	+12.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	25.39%	—

Volatility

Volatility by Period

	GSUI	GDLC	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	12.19%	—
Volatility (6M) Calculated over the trailing 6-month period	—	40.40%	—
Volatility (1Y) Calculated over the trailing 1-year period	114.54%	50.25%	+64.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	114.54%	77.77%	+36.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	114.54%	94.95%	+19.59%

Dividends

GSUI vs. GDLC - Dividend Comparison

Neither GSUI nor GDLC has paid dividends to shareholders.

Tickers have no history of dividend payments