ETCG vs. GAVA
ETCG (Grayscale Ethereum Classic Trust (ETC)) and GAVA (Grayscale Avalanche Staking ETF) are both Cryptocurrency funds from Grayscale. ETCG is passively managed, while GAVA is actively managed. A 0.62 correlation means they provide meaningful diversification when combined. ETCG charges 2.50%/yr vs 0.35%/yr for GAVA.
Performance
ETCG vs. GAVA - Performance Comparison
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Returns By Period
ETCG
- 1D
- 3.62%
- 1M
- -7.82%
- YTD
- -38.17%
- 6M
- -41.55%
- 1Y
- -50.68%
- 3Y*
- -15.22%
- 5Y*
- -31.44%
- 10Y*
- —
GAVA
- 1D
- -0.52%
- 1M
- -33.35%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETCG vs. GAVA - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
ETCG Grayscale Ethereum Classic Trust (ETC) | -13.17% |
GAVA Grayscale Avalanche Staking ETF | -36.12% |
Correlation
The correlation between ETCG and GAVA is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Mar 12, 2026 | 0.62 |
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Return for Risk
ETCG vs. GAVA — Risk / Return Rank
ETCG
GAVA
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
ETCG vs. GAVA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale Ethereum Classic Trust (ETC) (ETCG) and Grayscale Avalanche Staking ETF (GAVA). 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.
| ETCG | GAVA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.86 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.74 | — | — |
| Martin ratioReturn relative to average drawdown | -1.09 | — | — |
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Drawdowns
ETCG vs. GAVA - Drawdown Comparison
The maximum ETCG drawdown since its inception was -96.59%, which is greater than GAVA's maximum drawdown of -40.42%. Use the drawdown chart below to compare losses from any high point for ETCG and GAVA.
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Drawdown Indicators
| ETCG | GAVA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.59% | -40.42% | -56.17% |
Max Drawdown (1Y)Largest decline over 1 year | -68.71% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -79.59% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -92.70% | — | — |
Current DrawdownCurrent decline from peak | -95.53% | -40.42% | -55.11% |
Average DrawdownAverage peak-to-trough decline | -82.72% | -14.32% | -68.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 46.42% | — | — |
Volatility
ETCG vs. GAVA - Volatility Comparison
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Volatility by Period
| ETCG | GAVA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.97% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 36.55% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 62.06% | 53.69% | +8.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 93.30% | 53.69% | +39.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 114.95% | 53.69% | +61.26% |
ETCG vs. GAVA - Expense Ratio Comparison
ETCG has a 2.50% expense ratio, which is higher than GAVA's 0.35% expense ratio.
Dividends
ETCG vs. GAVA - Dividend Comparison
Neither ETCG nor GAVA has paid dividends to shareholders.
Frequently Asked Questions
ETCG and GAVA have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GAVA is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GAVA is cheaper with a 0.35% expense ratio, compared with 2.50% for ETCG.
ETCG and GAVA have nearly identical dividend yields, around 0.00%.
Their fees differ too: 2.50% for ETCG and 0.35% for GAVA.
Find the right allocation for ETCG and GAVA
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