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Data as of .

GDOG vs TDOG: which tracked its coin?

Over the window both share, GDOG finished 0.16 of a percentage point ahead of Dogecoin and TDOG 0.17 behind.

Grayscale Dogecoin Trust ETF and 21Shares Dogecoin ETF, side by side, crypto ETFs on ETFIQ.

−45.0%GDOG returned, time since it listed
−32.2%TDOG returned, time since it listed
−0.6 ptsGDOG against Dogecoin, in percentage points
0.0 ptsTDOG against Dogecoin, in percentage points

ETFIQ Coin Capture Score: TDOG scores higher

How much of what holding the coin gave did a holder of the fund keep?

GDOG 16.1TDOG 37.51.8, the lowest in this set98.2, the highest

A percentile among the 28 spot crypto ETPs listed less than a year. It is a position in a set, not a rating, and neither end of it is a recommendation. All crypto ETFs ranked by it · How it is computed

GDOGWithin a point of Dogecoin · since launch to Sep 11, 2026
Dogecoin−44.45%GDOG−45.02%0.57 pts behind DogecoinTotal return, since launch, fund against the coinDogecoin−44.45%GDOG−45.02%0.57 pts behind DogecoinTotal return, since launch
TDOGWithin a point of Dogecoin · since launch to Sep 11, 2026
Dogecoin−32.16%TDOG−32.18%about level with DogecoinTotal return, since launch, fund against the coinDogecoin−32.16%TDOG−32.18%about level with DogecoinTotal return, since launch

The same coin, two trusts

GDOG and TDOG hold the same asset. Both are 1933 Act trusts holding Dogecoin through a custodian, so neither has a portfolio to compare: the whole of each fund is one line. Over the days each has traded, GDOG finished 0.57 of a percentage point behind Dogecoin and TDOG 0.02 of a percentage point behind, but the two windows are not the same days, so neither figure is set against the other here. That gap is the fee, the custody, the creation and redemption friction and the market’s pricing of the shares, compounded into one figure.

Performance, window by window

GDOG and TDOG over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ.
WindowTotal returnThe coin over the same daysDifference, percentage points
GDOGTDOGGDOGTDOGGDOGTDOG
1 month+19.9%+19.9%+21.1%+21.1%−1.2 pts−1.2 pts
3 months−3.5%−3.6%−1.9%−1.9%−1.5 pts−1.7 pts
6 months−12.0%−12.3%−12.2%−12.2%+0.2 pts−0.2 pts
Since each listed−45.0%−32.2%−44.5%−32.2%−0.6 pts0.0 pts
Open the live comparison on ETFIQ
GDOG and TDOG on the same fields, as of Sep 11, 2026. Source: ETFIQ.
GDOG
Grayscale Dogecoin Trust ETF
Holds Dogecoin through a custodian, listed Nov 24, 2025
TDOG
21Shares Dogecoin ETF
Holds Dogecoin through a custodian, listed Jan 22, 2026
SponsorGrayscale21Shares
HoldsDogecoinDogecoin
Net assetsnot read$3m, balance sheet of Jun 30, 2026
Sponsor’s fee0.35%0.50%
Fee waiverthe whole feenone
Stakingthe chain has nonethe chain has none
ListedNov 24, 2025Jan 22, 2026
Days since listing291 days232 days
Days it has traded200161
Days it closed unchanged00
Quotedon an exchange, every trading dayon an exchange, every trading day
Fund returned, 1 year or since launch−45.0%−32.2%
The coin over the same days−44.5%−32.2%
Difference, percentage points−0.6 pts0.0 pts
Fund returned since it listed−45.0%−32.2%
Difference since it listed−0.6 pts0.0 pts
Price$9.9239$16.9768

GDOG in plain words

GDOG holds Dogecoin through a custodian and trades on an exchange, so a holder gets the coin’s return inside a brokerage account rather than a wallet. Over the time since it listed to Sep 11, 2026, Dogecoin moved −44.5% and GDOG returned −45.0%. That leaves it 0.57 of a percentage point behind. That difference is the fee, the custody cost, the friction of creating and redeeming shares in blocks, and whatever the market paid for the shares rather than for the coin, all of it together. It is the only figure on this page the sponsor does not publish itself. GDOG charges 0.35% a year and finished 0.6% behind Dogecoin, so the fee is less than the whole difference and the rest is what the market paid for the shares, which moved against holders. A spot trust is not a registered investment company. It files a 10-K rather than an N-PORT, and its holding is one line: the Dogecoin it custodies.

TDOG in plain words

TDOG holds Dogecoin through a custodian and trades on an exchange, so a holder gets the coin’s return inside a brokerage account rather than a wallet. Over the time since it listed to Sep 11, 2026, Dogecoin moved −32.2% and TDOG returned −32.2%. That leaves it 0.02 of a percentage point behind. TDOG charges 0.50% a year and finished 0.0% behind Dogecoin, so the fee is more than the whole difference.

Questions people ask

Which tracked Dogecoin more closely, GDOG or TDOG?
Over the days each has traded, GDOG finished 0.57 of a percentage point behind Dogecoin and TDOG 0.02 of a percentage point behind. Those are not set against each other here, because the two windows are not the same days, so neither is nearer its coin than the other on this page. Each difference carries the fee, the custody cost, the friction of creating and redeeming shares in blocks and whatever the market paid for the shares rather than for the coin.
Do GDOG or TDOG pay a staking yield?
Dogecoin is a proof of work chain, so there is nothing to stake and no fund holding it can pay a staking yield.
What is the difference between GDOG and TDOG?
Both hold Dogecoin through a custodian and both trade on an exchange, so what separates them is what each costs a holder over time. GDOG is sponsored by Grayscale and listed Nov 24, 2025; TDOG by 21Shares, listed Jan 22, 2026.
Which is cheaper, GDOG or TDOG?
GDOG charges 0.35% a year and TDOG charges 0.50%, so GDOG is cheaper. Fees come from each fund's prospectus.

Other comparisons

Where these figures came from

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.

GDOG against TDOG, ETFIQ, data as of Sep 11, 2026. Every figure is arithmetic on a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, GDOG against TDOG, data as of Sep 11, 2026. https://etfiq.com/compare/crypto/GDOG-TDOG Free to use with attribution; the underlying files are at Open data.

How every figure is computed · Standards and sources