TOXR vs. GSOL

Last updated Jun 4, 2026

TOXR (21Shares XRP ETF) and GSOL (Grayscale Solana Staking ETF) are both Cryptocurrency funds. TOXR is passively managed, while GSOL is actively managed. Their correlation of 0.80 suggests significant overlap in exposure. TOXR charges 0.30%/yr vs 0.35%/yr for GSOL.

Performance

TOXR vs. GSOL - Performance Comparison

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

Returns By Period

TOXR

• 1D: -1.62%
• 1M: -14.04%
• YTD: -34.38%
• 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)

TOXR vs. GSOL - Yearly Performance Comparison

	2026 (YTD)
TOXR 21Shares XRP ETF	-8.52%
GSOL Grayscale Solana Staking ETF	-12.36%

Correlation

The correlation between TOXR and GSOL is 0.80, 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 May 29, 2026	0.80

Return for Risk

TOXR vs. GSOL - Risk-Adjusted Trends Comparison

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

	TOXR	GSOL	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.92	-2.23	+1.31

Drawdowns

TOXR vs. GSOL - Drawdown Comparison

The maximum TOXR drawdown since its inception was -48.78%, which is greater than GSOL's maximum drawdown of -12.36%. Use the drawdown chart below to compare losses from any high point for TOXR and GSOL.

Drawdown Indicators

	TOXR	GSOL	Difference
Max Drawdown Largest peak-to-trough decline	-48.78%	-12.36%	-36.42%
Current Drawdown Current decline from peak	-48.10%	-12.36%	-35.74%
Average Drawdown Average peak-to-trough decline	-31.50%	-5.53%	-25.97%

Volatility

Volatility by Period

	TOXR	GSOL	Difference
Volatility (1Y) Calculated over the trailing 1-year period	73.16%	51.66%	+21.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	73.16%	51.66%	+21.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	73.16%	51.66%	+21.50%

TOXR vs. GSOL - Expense Ratio Comparison

TOXR has a 0.30% expense ratio, which is lower than GSOL's 0.35% expense ratio.

Dividends

TOXR vs. GSOL - Dividend Comparison

Neither TOXR nor GSOL has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both TOXR and GSOL in my portfolio?

TOXR and GSOL have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TOXR or GSOL?

On fees, TOXR is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TOXR or GSOL?

TOXR is cheaper with a 0.30% expense ratio, compared with 0.35% for GSOL.

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

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

What is the main difference between TOXR and GSOL?

They also come from different issuers: 21Shares and Grayscale. Their fees differ too: 0.30% for TOXR and 0.35% for GSOL.