TSOL vs. GSOL

Last updated Jun 4, 2026

TSOL (21Shares 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. TSOL charges 0.21%/yr vs 0.35%/yr for GSOL.

Performance

TSOL vs. GSOL - Performance Comparison

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

Returns By Period

TSOL

• 1D: -4.53%
• 1M: -14.54%
• YTD: -41.49%
• 6M: -48.57%
• 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)

TSOL vs. GSOL - Yearly Performance Comparison

	2026 (YTD)
TSOL 21Shares Solana ETF	-12.41%
GSOL Grayscale Solana Staking ETF	-12.36%

Correlation

The correlation between TSOL 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

TSOL vs. GSOL - Risk-Adjusted Trends Comparison

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

	TSOL	GSOL	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.95	-2.23	+1.28

Drawdowns

TSOL vs. GSOL - Drawdown Comparison

The maximum TSOL drawdown since its inception was -50.75%, which is greater than GSOL's maximum drawdown of -12.36%. Use the drawdown chart below to compare losses from any high point for TSOL and GSOL.

Drawdown Indicators

	TSOL	GSOL	Difference
Max Drawdown Largest peak-to-trough decline	-50.75%	-12.36%	-38.39%
Current Drawdown Current decline from peak	-50.75%	-12.36%	-38.39%
Average Drawdown Average peak-to-trough decline	-29.35%	-5.53%	-23.82%

Volatility

Volatility by Period

	TSOL	GSOL	Difference
Volatility (1Y) Calculated over the trailing 1-year period	71.70%	51.66%	+20.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	71.70%	51.66%	+20.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	71.70%	51.66%	+20.04%

TSOL vs. GSOL - Expense Ratio Comparison

TSOL has a 0.21% expense ratio, which is lower than GSOL's 0.35% expense ratio.

Dividends

TSOL vs. GSOL - Dividend Comparison

TSOL's dividend yield for the trailing twelve months is around 4.78%, while GSOL has not paid dividends to shareholders.

Position	TTM
GSOL Grayscale Solana Staking ETF	0.00%
TSOL 21Shares Solana ETF	4.78%

Frequently Asked Questions

Can I hold both TSOL and GSOL in my portfolio?

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

On fees, TSOL is cheaper at 0.21% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TSOL or GSOL?

TSOL is cheaper with a 0.21% expense ratio, compared with 0.35% for GSOL.

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

TSOL has the higher dividend yield at 4.78%, compared with 0.00% for GSOL.

What is the main difference between TSOL and GSOL?

They also come from different issuers: 21Shares and Grayscale. Their fees differ too: 0.21% for TSOL and 0.35% for GSOL.