GXLM vs. ETH
GXLM (Grayscale Stellar Lumens Trust (XLM)) and ETH (Grayscale Ethereum Staking Mini ETF) are both Cryptocurrency funds from Grayscale. Both are actively managed. Over the past year, GXLM returned 3.00% vs -32.10% for ETH. A 0.57 correlation means they provide meaningful diversification when combined.
Performance
GXLM vs. ETH - Performance Comparison
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Returns By Period
In the year-to-date period, GXLM achieves a 6.12% return, which is significantly higher than ETH's -44.98% return.
GXLM
- 1D
- -0.10%
- 1M
- -24.43%
- YTD
- 6.12%
- 6M
- 1.93%
- 1Y
- 3.00%
- 3Y*
- -27.76%
- 5Y*
- —
- 10Y*
- —
ETH
- 1D
- 3.21%
- 1M
- -19.33%
- YTD
- -44.98%
- 6M
- -44.10%
- 1Y
- -32.10%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GXLM vs. ETH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GXLM Grayscale Stellar Lumens Trust (XLM) | 6.12% | -50.11% | 15.56% |
ETH Grayscale Ethereum Staking Mini ETF | -44.98% | -10.89% | -4.58% |
Correlation
The correlation between GXLM and ETH is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Jul 23, 2024 | 0.57 |
The correlation between GXLM and ETH has been stable across timeframes, ranging from 0.57 to 0.65 - a consistent structural relationship.
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Return for Risk
GXLM vs. ETH — Risk / Return Rank
GXLM
ETH
GXLM vs. ETH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale Stellar Lumens Trust (XLM) (GXLM) and Grayscale Ethereum Staking Mini ETF (ETH). 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.
| GXLM | ETH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.50 | ||
| Sortino ratioReturn per unit of downside risk | +1.20 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 0.97 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.04 | -0.48 | +0.52 |
| Martin ratioReturn relative to average drawdown | 0.06 | -0.78 | +0.84 |
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Drawdowns
GXLM vs. ETH - Drawdown Comparison
The maximum GXLM drawdown since its inception was -94.01%, which is greater than ETH's maximum drawdown of -67.52%. Use the drawdown chart below to compare losses from any high point for GXLM and ETH.
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Drawdown Indicators
| GXLM | ETH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.01% | -67.52% | -26.49% |
Max Drawdown (1Y)Largest decline over 1 year | -71.88% | -67.52% | -4.36% |
Max Drawdown (3Y)Largest decline over 3 years | -78.19% | — | — |
Current DrawdownCurrent decline from peak | -76.54% | -66.11% | -10.43% |
Average DrawdownAverage peak-to-trough decline | -70.43% | -33.78% | -36.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 52.28% | 41.03% | +11.25% |
Volatility
GXLM vs. ETH - Volatility Comparison
Grayscale Stellar Lumens Trust (XLM) (GXLM) has a higher volatility of 34.14% compared to Grayscale Ethereum Staking Mini ETF (ETH) at 20.47%. This indicates that GXLM's price experiences larger fluctuations and is considered to be riskier than ETH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GXLM | ETH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 34.14% | 20.47% | +13.67% |
Volatility (6M)Calculated over the trailing 6-month period | 61.53% | 46.63% | +14.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 104.03% | 69.12% | +34.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 148.38% | 72.21% | +76.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 148.38% | 72.21% | +76.17% |
Dividends
GXLM vs. ETH - Dividend Comparison
Neither GXLM nor ETH has paid dividends to shareholders.
Frequently Asked Questions
GXLM and ETH have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GXLM has higher volatility (34.14%) compared to ETH (20.47%). In terms of maximum drawdown, GXLM dropped -94.01% vs ETH's -67.52%.
On 1-year performance, GXLM leads with 3.00% vs -32.10% for ETH. On volatility, ETH has been the lower-risk option at 20.47%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, GXLM has performed better with a 3.00% return vs -32.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GXLM and ETH have nearly identical dividend yields, around 0.00%.
GXLM currently has the higher Sharpe Ratio (0.03 vs -0.47), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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