SOEZ vs. GSOL

Last updated Apr 1, 2026

Compare and contrast key facts about Franklin Solana ETF (SOEZ) and Grayscale Solana Staking ETF (GSOL).

SOEZ and GSOL 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. GSOL is an actively managed fund by Grayscale. It was launched on Nov 18, 2021.

Performance

SOEZ vs. GSOL - Performance Comparison

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

SOEZ vs. GSOL - Yearly Performance Comparison

	2026 (YTD)	2025
SOEZ Franklin Solana ETF	-32.75%	-11.97%
GSOL Grayscale Solana Staking ETF	-32.64%	-12.16%

Returns By Period

The year-to-date returns for both investments are quite close, with SOEZ having a -32.75% return and GSOL slightly higher at -32.64%.

SOEZ

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

GSOL

• 1D: 0.16%
• 1M: 1.49%
• YTD: -32.64%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SOEZ vs. GSOL - Expense Ratio Comparison

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

GSOL

Grayscale Solana Staking ETF

SOEZ

Franklin Solana ETF

Return for Risk

SOEZ vs. GSOL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Solana ETF (SOEZ) and Grayscale Solana Staking ETF (GSOL). 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	GSOL	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-1.04	-1.00	-0.04

Correlation

The correlation between SOEZ and GSOL is 1.00, 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. GSOL - Dividend Comparison

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

	TTM
SOEZ Franklin Solana ETF	0.09%
GSOL Grayscale Solana Staking ETF	0.00%

Drawdowns

SOEZ vs. GSOL - Drawdown Comparison

The maximum SOEZ drawdown since its inception was -47.78%, smaller than the maximum GSOL drawdown of -58.63%. Use the drawdown chart below to compare losses from any high point for SOEZ and GSOL.

Drawdown Indicators

	SOEZ	GSOL	Difference
Max Drawdown Largest peak-to-trough decline	-47.78%	-58.63%	+10.85%
Current Drawdown Current decline from peak	-43.49%	-55.35%	+11.86%
Average Drawdown Average peak-to-trough decline	-25.08%	-37.53%	+12.45%

Volatility

Volatility by Period

	SOEZ	GSOL	Difference
Volatility (1Y) Calculated over the trailing 1-year period	78.32%	84.62%	-6.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	78.32%	84.62%	-6.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	78.32%	84.62%	-6.30%