SOEZ vs. GSOL

Last updated Jun 4, 2026

SOEZ (Franklin Solana ETF) and GSOL (Grayscale Solana Staking ETF) are both Cryptocurrency funds. Both are actively managed. With a 1.00 correlation, they move nearly in lockstep. SOEZ charges 0.19%/yr vs 0.35%/yr for GSOL.

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.

Returns By Period

SOEZ

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

GSOL

• 1D: -4.43%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SOEZ vs. GSOL - Yearly Performance Comparison

	2026 (YTD)
SOEZ Franklin Solana ETF	-12.23%
GSOL Grayscale Solana Staking ETF	-12.36%

Correlation

The correlation between SOEZ and GSOL is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 29, 2026	1.00

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	-1.07	-2.23	+1.17

Drawdowns

SOEZ vs. GSOL - Drawdown Comparison

The maximum SOEZ drawdown since its inception was -50.21%, which is greater than GSOL's maximum drawdown of -12.36%. 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	-50.21%	-12.36%	-37.85%
Current Drawdown Current decline from peak	-50.21%	-12.36%	-37.85%
Average Drawdown Average peak-to-trough decline	-30.80%	-5.53%	-25.27%

Volatility

Volatility by Period

	SOEZ	GSOL	Difference
Volatility (1Y) Calculated over the trailing 1-year period	68.92%	51.66%	+17.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	68.92%	51.66%	+17.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	68.92%	51.66%	+17.26%

SOEZ vs. GSOL - Expense Ratio Comparison

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

Dividends

SOEZ vs. GSOL - Dividend Comparison

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

Position	TTM
GSOL Grayscale Solana Staking ETF	0.00%
SOEZ Franklin Solana ETF	0.57%

Frequently Asked Questions

Can I hold both SOEZ and GSOL in my portfolio?

With a correlation of 1.00, SOEZ and GSOL 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 GSOL?

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 GSOL?

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

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

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

What is the main difference between SOEZ and GSOL?

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