SOEZ vs. GAVA

Last updated Jun 4, 2026

SOEZ (Franklin Solana ETF) and GAVA (Grayscale Avalanche Staking ETF) are both Cryptocurrency funds. Both are actively managed. Their correlation of 0.91 suggests significant overlap in exposure. SOEZ charges 0.19%/yr vs 0.35%/yr for GAVA.

Performance

SOEZ vs. GAVA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Solana ETF (SOEZ) and Grayscale Avalanche Staking ETF (GAVA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SOEZ

• 1D: -4.56%
• 1M: -14.51%
• YTD: -40.75%
• 6M: -47.84%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GAVA

• 1D: -3.57%
• 1M: -12.65%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SOEZ vs. GAVA - Yearly Performance Comparison

	2026 (YTD)
SOEZ Franklin Solana ETF	-16.07%
GAVA Grayscale Avalanche Staking ETF	-15.96%

Correlation

The correlation between SOEZ and GAVA is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 13, 2026	0.91

Return for Risk

SOEZ vs. GAVA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Solana ETF (SOEZ) and Grayscale Avalanche Staking ETF (GAVA). 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

	SOEZ	GAVA	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-1.07	-1.09	+0.02

Drawdowns

SOEZ vs. GAVA - Drawdown Comparison

The maximum SOEZ drawdown since its inception was -50.21%, which is greater than GAVA's maximum drawdown of -21.51%. Use the drawdown chart below to compare losses from any high point for SOEZ and GAVA.

Drawdown Indicators

	SOEZ	GAVA	Difference
Max Drawdown Largest peak-to-trough decline	-50.21%	-21.51%	-28.70%
Current Drawdown Current decline from peak	-50.21%	-21.51%	-28.70%
Average Drawdown Average peak-to-trough decline	-30.80%	-9.03%	-21.77%

Volatility

Volatility by Period

	SOEZ	GAVA	Difference
Volatility (1Y) Calculated over the trailing 1-year period	68.92%	49.61%	+19.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	68.92%	49.61%	+19.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	68.92%	49.61%	+19.31%

SOEZ vs. GAVA - Expense Ratio Comparison

SOEZ has a 0.19% expense ratio, which is lower than GAVA's 0.35% expense ratio.

Dividends

SOEZ vs. GAVA - Dividend Comparison

SOEZ's dividend yield for the trailing twelve months is around 0.57%, while GAVA has not paid dividends to shareholders.

Position	TTM
GAVA Grayscale Avalanche Staking ETF	0.00%
SOEZ Franklin Solana ETF	0.57%

Frequently Asked Questions

Can I hold both SOEZ and GAVA in my portfolio?

With a correlation of 0.91, SOEZ and GAVA move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, SOEZ or GAVA?

On fees, SOEZ is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SOEZ or GAVA?

SOEZ is cheaper with a 0.19% expense ratio, compared with 0.35% for GAVA.

Which ETF pays a higher dividend yield, SOEZ or GAVA?

SOEZ has the higher dividend yield at 0.57%, compared with 0.00% for GAVA.

What is the main difference between SOEZ and GAVA?

They also come from different issuers: Franklin and Grayscale. Their fees differ too: 0.19% for SOEZ and 0.35% for GAVA.