BAVA vs. VAVX

Last updated Jul 17, 2026

BAVA (Bitwise Avalanche ETF) and VAVX (VanEck Avalanche ETF) are both Cryptocurrency funds. BAVA is actively managed, while VAVX is passively managed. With a 1.00 correlation, they move nearly in lockstep.

Performance

BAVA vs. VAVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bitwise Avalanche ETF (BAVA) and VanEck Avalanche ETF (VAVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BAVA

• 1D: -1.42%
• 1M: -3.30%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

VAVX

• 1D: -1.48%
• 1M: -3.44%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BAVA vs. VAVX - Yearly Performance Comparison

	2026 (YTD)
BAVA Bitwise Avalanche ETF	-28.96%
VAVX VanEck Avalanche ETF	-28.86%

Correlation

The correlation between BAVA and VAVX 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 Apr 15, 2026	1.00

Return for Risk

BAVA vs. VAVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bitwise Avalanche ETF (BAVA) and VanEck Avalanche ETF (VAVX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

BAVA vs. VAVX - Drawdown Comparison

The maximum BAVA drawdown since its inception was -40.15%, smaller than the maximum VAVX drawdown of -48.92%. Use the drawdown chart below to compare losses from any high point for BAVA and VAVX.

Drawdown Indicators

	BAVA	VAVX	Difference
Max Drawdown Largest peak-to-trough decline	-40.15%	-48.92%	+8.77%
Current Drawdown Current decline from peak	-34.95%	-44.58%	+9.63%
Average Drawdown Average peak-to-trough decline	-19.51%	-27.17%	+7.66%

Volatility

Volatility by Period

	BAVA	VAVX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	52.51%	64.68%	-12.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	52.51%	64.68%	-12.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	52.51%	64.68%	-12.17%

Dividends

BAVA vs. VAVX - Dividend Comparison

BAVA has not paid dividends to shareholders, while VAVX's dividend yield for the trailing twelve months is around 1.24%.

Position	TTM
BAVA Bitwise Avalanche ETF	0.00%
VAVX VanEck Avalanche ETF	1.24%

Frequently Asked Questions

Can I hold both BAVA and VAVX in my portfolio?

With a correlation of 1.00, BAVA and VAVX 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 pays a higher dividend yield, BAVA or VAVX?

VAVX has the higher dividend yield at 1.24%, compared with 0.00% for BAVA.

What is the main difference between BAVA and VAVX?

They also come from different issuers: Bitwise and VanEck.