TDOG vs. GSOL

Last updated Jun 4, 2026

TDOG (21Shares Dogecoin ETF) and GSOL (Grayscale Solana Staking ETF) are both Cryptocurrency funds. TDOG is passively managed, while GSOL is actively managed. With a 1.00 correlation, they move nearly in lockstep. TDOG charges 0.50%/yr vs 0.35%/yr for GSOL.

Performance

TDOG vs. GSOL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in 21Shares Dogecoin ETF (TDOG) and Grayscale Solana Staking ETF (GSOL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TDOG

• 1D: -2.41%
• 1M: -17.01%
• YTD: —
• 6M: —
• 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)

TDOG vs. GSOL - Yearly Performance Comparison

	2026 (YTD)
TDOG 21Shares Dogecoin ETF	-7.77%
GSOL Grayscale Solana Staking ETF	-12.36%

Correlation

The correlation between TDOG 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

TDOG vs. GSOL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 21Shares Dogecoin ETF (TDOG) 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

	TDOG	GSOL	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.85	-2.23	+1.38

Drawdowns

TDOG vs. GSOL - Drawdown Comparison

The maximum TDOG drawdown since its inception was -29.24%, which is greater than GSOL's maximum drawdown of -12.36%. Use the drawdown chart below to compare losses from any high point for TDOG and GSOL.

Drawdown Indicators

	TDOG	GSOL	Difference
Max Drawdown Largest peak-to-trough decline	-29.24%	-12.36%	-16.88%
Current Drawdown Current decline from peak	-27.22%	-12.36%	-14.86%
Average Drawdown Average peak-to-trough decline	-20.46%	-5.53%	-14.93%

Volatility

Volatility by Period

	TDOG	GSOL	Difference
Volatility (1Y) Calculated over the trailing 1-year period	67.14%	51.66%	+15.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	67.14%	51.66%	+15.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	67.14%	51.66%	+15.48%

TDOG vs. GSOL - Expense Ratio Comparison

TDOG has a 0.50% expense ratio, which is higher than GSOL's 0.35% expense ratio.

Dividends

TDOG vs. GSOL - Dividend Comparison

Neither TDOG nor GSOL has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both TDOG and GSOL in my portfolio?

With a correlation of 1.00, TDOG 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, TDOG or GSOL?

On fees, GSOL is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TDOG or GSOL?

GSOL is cheaper with a 0.35% expense ratio, compared with 0.50% for TDOG.

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

TDOG and GSOL have nearly identical dividend yields, around 0.00%.

What is the main difference between TDOG and GSOL?

They also come from different issuers: 21Shares and Grayscale. Their fees differ too: 0.50% for TDOG and 0.35% for GSOL.