OPER vs. GSUI

Last updated Jun 24, 2026

OPER (ClearShares Ultra-Short Maturity ETF) and GSUI (Grayscale Sui Staking ETF) are both exchange-traded funds - OPER is a Ultrashort Bond fund tracking the ICE BofA U.S. Broad Market Index, while GSUI is a Cryptocurrency fund tracking the CoinDesk SUI Reference Rate. Both are passively managed. At a correlation of -0.06, they often move in opposite directions. OPER charges 0.20%/yr vs 0.00%/yr for GSUI.

Performance

OPER vs. GSUI - Performance Comparison

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

Returns By Period

In the year-to-date period, OPER achieves a 1.74% return, which is significantly higher than GSUI's -48.29% return.

OPER

• 1D: 0.02%
• 1M: 0.31%
• YTD: 1.74%
• 6M: 1.85%
• 1Y: 4.03%
• 3Y*: 4.76%
• 5Y*: 3.69%
• 10Y*: —

GSUI

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

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

OPER vs. GSUI - Yearly Performance Comparison

	2026 (YTD)	2025
OPER ClearShares Ultra-Short Maturity ETF	1.74%	0.40%
GSUI Grayscale Sui Staking ETF	-48.29%	-42.99%

Correlation

The correlation between OPER and GSUI is -0.06, 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	-0.06

Return for Risk

OPER vs. GSUI — Risk / Return Rank

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

OPER

OPER Risk / Return Rank: 100
OPER Sharpe Ratio Rank: 100
OPER Sortino Ratio Rank: 100
OPER Omega Ratio Rank: 100
OPER Calmar Ratio Rank: 99
OPER Martin Ratio Rank: 100

GSUI

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

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.

OPER vs. GSUI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ClearShares Ultra-Short Maturity ETF (OPER) and Grayscale Sui Staking ETF (GSUI). 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.

	OPER	GSUI	Difference
Sharpe ratio: Return per unit of total volatility	14.78	—	—
Sortino ratio: Return per unit of downside risk	42.78	—	—
Omega ratio: Gain probability vs. loss probability	12.54	—	—
Calmar ratio: Return relative to maximum drawdown	60.59	—	—
Martin ratio: Return relative to average drawdown	509.56	—	—

Drawdowns

OPER vs. GSUI - Drawdown Comparison

The maximum OPER drawdown since its inception was -2.33%, smaller than the maximum GSUI drawdown of -70.73%. Use the drawdown chart below to compare losses from any high point for OPER and GSUI.

Drawdown Indicators

	OPER	GSUI	Difference
Max Drawdown Largest peak-to-trough decline	-2.33%	-70.73%	+68.40%
Max Drawdown (1Y) Largest decline over 1 year	-0.07%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-0.11%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-0.13%	—	—
Current Drawdown Current decline from peak	0.00%	-70.52%	+70.52%
Average Drawdown Average peak-to-trough decline	-0.16%	-52.30%	+52.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.01%	—	—

Volatility

Volatility by Period

	OPER	GSUI	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.10%	—	—
Volatility (6M) Calculated over the trailing 6-month period	0.21%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	0.27%	106.72%	-106.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.32%	106.72%	-106.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.22%	106.72%	-105.50%

OPER vs. GSUI - Expense Ratio Comparison

OPER has a 0.20% expense ratio, which is higher than GSUI's 0.00% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

OPER vs. GSUI - Dividend Comparison

OPER's dividend yield for the trailing twelve months is around 4.08%, while GSUI has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
GSUI Grayscale Sui Staking ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
OPER ClearShares Ultra-Short Maturity ETF	4.08%	4.32%	5.21%	5.03%	1.71%	0.36%	0.64%	2.08%	0.89%

Frequently Asked Questions

Can I hold both OPER and GSUI in my portfolio?

OPER and GSUI have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, OPER or GSUI?

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, OPER or GSUI?

GSUI is cheaper with a 0.00% expense ratio, compared with 0.20% for OPER.

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

OPER has the higher dividend yield at 4.08%, compared with 0.00% for GSUI.

What is the main difference between OPER and GSUI?

OPER is categorized as Ultrashort Bond, while GSUI is Cryptocurrency. OPER tracks ICE BofA U.S. Broad Market Index, while GSUI tracks CoinDesk SUI Reference Rate. They also come from different issuers: ClearShares and Grayscale. Their fees differ too: 0.20% for OPER and 0.00% for GSUI.