GSUI vs. PULT

Last updated Jul 17, 2026

GSUI (Grayscale Sui Staking ETF) and PULT (Putnam ESG Ultra Short ETF) are both exchange-traded funds - GSUI is a Cryptocurrency fund tracking the CoinDesk SUI Reference Rate, while PULT is a Ultrashort Bond fund actively managed by Putnam. GSUI is passively managed, while PULT is actively managed. At a correlation of -0.08, they often move in opposite directions. GSUI charges 0.00%/yr vs 0.25%/yr for PULT.

Performance

GSUI vs. PULT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Grayscale Sui Staking ETF (GSUI) and Putnam ESG Ultra Short ETF (PULT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

GSUI

• 1D: 0.00%
• 1M: -5.65%
• 6M: -60.24%
• YTD: -44.62%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PULT

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GSUI vs. PULT - Yearly Performance Comparison

	2026 (YTD)	2025
GSUI Grayscale Sui Staking ETF	-44.62%	-42.99%
PULT Putnam ESG Ultra Short ETF	1.23%	0.60%

Correlation

The correlation between GSUI and PULT is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 24, 2025	-0.08

Return for Risk

GSUI vs. PULT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Grayscale Sui Staking ETF (GSUI) and Putnam ESG Ultra Short ETF (PULT). 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.

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

Drawdowns

Drawdown Indicators

	GSUI	PULT	Difference
Max Drawdown Largest peak-to-trough decline	-71.63%	—	—
Current Drawdown Current decline from peak	-68.43%	—	—
Average Drawdown Average peak-to-trough decline	-54.04%	—	—

Volatility

Volatility by Period

	GSUI	PULT	Difference
Volatility (1Y) Calculated over the trailing 1-year period	102.20%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	102.20%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	102.20%	—	—

GSUI vs. PULT - Expense Ratio Comparison

GSUI has a 0.00% expense ratio, which is lower than PULT's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

GSUI vs. PULT - Dividend Comparison

Neither GSUI nor PULT has paid dividends to shareholders.

Position	TTM	2025	2024	2023
GSUI Grayscale Sui Staking ETF	0.00%	0.00%	0.00%	0.00%
PULT Putnam ESG Ultra Short ETF	3.89%	4.59%	5.38%	4.88%

Frequently Asked Questions

Can I hold both GSUI and PULT in my portfolio?

GSUI and PULT have a correlation of -0.08, 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 PULT?

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 PULT?

GSUI is cheaper with a 0.00% expense ratio, compared with 0.25% for PULT.

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

PULT has the higher dividend yield at 3.89%, compared with 0.00% for GSUI.

What is the main difference between GSUI and PULT?

GSUI is categorized as Cryptocurrency, while PULT is Ultrashort Bond. They also come from different issuers: Grayscale and Putnam. Their fees differ too: 0.00% for GSUI and 0.25% for PULT.