SOEZ vs. GDLC

Last updated Apr 1, 2026

Compare and contrast key facts about Franklin Solana ETF (SOEZ) and Grayscale CoinDesk Crypto 5 ETF (GDLC).

SOEZ and GDLC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SOEZ is an actively managed fund by Franklin. It was launched on Dec 3, 2025. GDLC is a passively managed fund by Grayscale that tracks the performance of the CoinDesk 5 Index. It was launched on Feb 1, 2018.

Performance

SOEZ vs. GDLC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Solana ETF (SOEZ) and Grayscale CoinDesk Crypto 5 ETF (GDLC). The values are adjusted to include any dividend payments, if applicable.

SOEZ vs. GDLC - Yearly Performance Comparison

	2026 (YTD)	2025
SOEZ Franklin Solana ETF	-32.75%	-11.97%
GDLC Grayscale CoinDesk Crypto 5 ETF	-24.52%	-6.67%

Returns By Period

In the year-to-date period, SOEZ achieves a -32.75% return, which is significantly lower than GDLC's -24.52% return.

SOEZ

• 1D: 0.13%
• 1M: 1.51%
• YTD: -32.75%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GDLC

• 1D: 2.20%
• 1M: 3.93%
• YTD: -24.52%
• 6M: -44.20%
• 1Y: -10.19%
• 3Y*: 65.34%
• 5Y*: -3.20%
• 10Y*: —

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

SOEZ vs. GDLC - Expense Ratio Comparison

SOEZ has a 0.19% expense ratio, which is lower than GDLC's 0.59% expense ratio.

GDLC

Grayscale CoinDesk Crypto 5 ETF

SOEZ

Franklin Solana ETF

Return for Risk

SOEZ 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: 10
GDLC Sharpe Ratio Rank: 8
GDLC Sortino Ratio Rank: 11
GDLC Omega Ratio Rank: 11
GDLC Calmar Ratio Rank: 9
GDLC Martin Ratio Rank: 9

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.

SOEZ vs. GDLC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Solana ETF (SOEZ) 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

	SOEZ	GDLC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.20	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.04	—
Sharpe Ratio (All Time) Calculated using the full available price history	-1.04	0.31	-1.35

Correlation

The correlation between SOEZ and GDLC is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

SOEZ vs. GDLC - Dividend Comparison

SOEZ's dividend yield for the trailing twelve months is around 0.09%, while GDLC has not paid dividends to shareholders.

	TTM
SOEZ Franklin Solana ETF	0.09%
GDLC Grayscale CoinDesk Crypto 5 ETF	0.00%

Drawdowns

SOEZ vs. GDLC - Drawdown Comparison

The maximum SOEZ drawdown since its inception was -47.78%, smaller than the maximum GDLC drawdown of -94.14%. Use the drawdown chart below to compare losses from any high point for SOEZ and GDLC.

Drawdown Indicators

	SOEZ	GDLC	Difference
Max Drawdown Largest peak-to-trough decline	-47.78%	-94.14%	+46.36%
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	-43.49%	-51.45%	+7.96%
Average Drawdown Average peak-to-trough decline	-25.08%	-52.90%	+27.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	24.86%	—

Volatility

Volatility by Period

	SOEZ	GDLC	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	13.67%	—
Volatility (6M) Calculated over the trailing 6-month period	—	40.43%	—
Volatility (1Y) Calculated over the trailing 1-year period	78.32%	50.42%	+27.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	78.32%	77.87%	+0.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	78.32%	95.02%	-16.70%