Skip to content
etf.net

BESO vs GDLC

GSR Crypto Core3 ETF

BESOCNasdaq

Grayscale CoinDesk Crypto 5 ETF

GDLCANYSE Arca

Overlap

Expense ratio

GDLC −0.41pt a year

BESO1.00%GDLC0.59%

Avg volume · 30D

GDLC 123.4×the volume

BESO290GDLC35.8K

BESO vs GDLC Performance

Jul 31, 2026 – Oct 30, 2026

+25.1%BESO+20.9%GDLC

Jul 31, 2026 to Oct 30, 2026. BESO +25.1%. GDLC +20.9%. Use the arrow keys to read each point.0%10%40%50%Jul 2026Sep 2026Oct 2026
Expense ratio
BESO 1.00%
GDLC 0.59%, better
Fund size
BESO $10M
GDLC $390M
1Y total return
BESO No data
GDLC −34.9%
Holdings
BESO 4
GDLC 5
Avg volume (30D)
BESO 290 sh
GDLC 35.8K sh, better
NAV per share
BESO $31.33
GDLC $34.58
52W range

ETF.net Grade

BESO: Cost 24, Risk 86, Mission not scored, Tradability 43, Holdings 64, Durability 36. GDLC: Cost 58, Risk 35, Mission 100, Tradability 83, Holdings not scored, Durability 75.
Pillar letters and Scores for BESO, GDLC, with each pillar’s weight
PillarBESOGDLC
Cost30% weightF24B58Higher
Mission25% weightNot scoredA100
Risk15% weightA86HigherD35
Tradability15% weightC43A83Higher
Holdings10% weightB64Not scored
Durability5% weightD36A75Higher

Rank among Spot Crypto Basket funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. BESO and GDLC are both graded against the same 10 Spot Crypto Basket funds, so their Grades compare head to head.

Spot Crypto Basket⁠

Category · 10 funds
See all 10 ›

GDLC ranks 2nd and BESO 7th of 10 funds in the Spot Crypto Basket Category.

  1. Rank 1AEZPZFranklin Crypto Index ETFScore 76
  2. Rank 2AGDLCGrayscale CoinDesk Crypto 5 ETFScore 71
  3. Rank 2ANCIQHashdex Nasdaq Crypto Index US ETFScore 71
  4. Rank 6CTKNZT. Rowe Price Active Crypto ETFScore 53
  5. Rank 7CBESOGSR Crypto Core3 ETFScore 46
  6. Rank 8CKRYPProShares CoinDesk 20 Crypto ETFScore 40

Our read on each fund

ETF.net Research

BESOCGSR Crypto Core3 ETF

GDLCAGrayscale CoinDesk Crypto 5 ETF

In short

BESO Three coins, one ticker. BESO holds Bitcoin, Ethereum and Solana inside a 1940 Act fund whose stated goal pairs capital appreciation with current income, while much of the field tracks broader crypto indexes.

GDLC One ticker, five large liquid coins, market-cap weighted by the CoinDesk 5 Index. Grayscale's 2018-vintage basket predates the spot-crypto ETF crowd, and its fee now sits right at the middle of that pack.

Stated mandate

BESO The Fund seeks capital appreciation and current income.

GDLC The fund provides exposure to the market-cap-weighted performance of five large, liquid crypto assets, offering diversified access to the cryptocurrency market.

Why people hold it

  • BESO The roster stops at Bitcoin, Ethereum and Solana. No long tail of micro-cap tokens riding along, so you always know exactly which three chains you own.
  • The stated objective is capital appreciation and current income, a second job most crypto baskets don't take on.
  • Comes in a 1940 Act registered-fund wrapper, the same structure behind conventional stock and bond ETFs, bought in a brokerage account with no wallets or keys.
  • GDLC Five large, liquid coins in a single market-cap-weighted basket tracking the CoinDesk 5 Index. No exchange accounts, no wallets, no seed phrases.
  • At 0.59% a year it lands at the median for multi-coin baskets, and far under the 2.50% Bitwise charges on BITW.
  • Running since 2018, one of the longest histories among multi-coin crypto funds, and it stands in the upper half of that group.
  • The mandate is literal: hold the index's five names at market-cap weight. No manager hunting the next winner.

Worth knowing

  • BESO At 1.00% a year it sits at the pricier end of the crypto-basket shelf: EZPZ charges nothing and NCIQ 0.25%.
  • A 2026 launch, still small and thinly traded, which usually means wider bid-ask spreads than the category's household names.
  • The income half of the mandate has no set payout schedule behind it yet, so treat distributions as a possibility rather than a feature.
  • GDLC Trades lightly for its category, so spreads can run wider than the headline crypto funds. Limit orders earn their keep here.
  • Five coins at market-cap weight means the largest one carries most of the load. This is concentrated crypto exposure, and it moves like it.
  • Cheaper doors to the same basket idea exist: EZPZ at 0.00% and NCIQ at 0.25%. And there is no income here, only coin prices.

Full BESO profile⁠

Full GDLC profile⁠

BESO vs GDLC Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

BESO vs GDLC Cost

Overpaying BESO vs GDLC

$7,053

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • BESO 1.00%

    $18,688

  • GDLC 0.59%

    $11,635

$10,000
30 years

Cost over time

  • BESO 1.00%
  • GDLC 0.59%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530BESO $18,688GDLC $11,635

Year by year

YearBESOGDLCOverpaying
10$1,763$1,058$705
20$6,625$4,051$2,574
30$18,688$11,635$7,053

Expense ratio

  • 1.00%BESO
  • 0.59%GDLC, cheaper
  • Middle half of Spot Crypto Basket funds
  • Median 0.67%

GDLC 5th cheapest of 10 funds

BESO 8th cheapest of 10 funds

BESO vs GDLC Dividends

Last 12 months to Oct 30, 2026
Payout (12M)
BESO None
GDLC None

Distribution history

BESOAll BESO payments⁠

No distribution history available.

GDLCAll GDLC payments⁠

No distribution history available.

BESO vs GDLC Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
BESO No dataGDLC 70.1%
Return per unit of riskSharpe ratio, 3 years
BESO No dataGDLC 0.73
Worst fallMax drawdown, 5 years
BESO No dataGDLC −89.0%
Market sensitivityBeta, 5 years
BESO −1.55GDLC 2.44

BESO and GDLC in the news

All news⁠

Popular comparisons

  • BESOCvsEZPZA

    GSR Crypto Core3 ETF · Franklin Crypto Index ETF

    Expense ratio
    1.00% · 0.19%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • GDLCAvsEZPZA

    Grayscale CoinDesk Crypto 5 ETF · Franklin Crypto Index ETF

    Expense ratio
    0.59% · 0.19%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • BESOCvsNCIQA

    GSR Crypto Core3 ETF · Hashdex Nasdaq Crypto Index US ETF

    Expense ratio
    1.00% · 0.25%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • GDLCAvsNCIQA

    Grayscale CoinDesk Crypto 5 ETF · Hashdex Nasdaq Crypto Index US ETF

    Expense ratio
    0.59% · 0.25%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • BESOCvsBITWB

    GSR Crypto Core3 ETF · Bitwise 10 Crypto Index ETF

    Expense ratio
    1.00% · 0.75%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • GDLCAvsBITWB

    Grayscale CoinDesk Crypto 5 ETF · Bitwise 10 Crypto Index ETF

    Expense ratio
    0.59% · 0.75%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.