ETHE vs. LTC-USD
ETHE (Grayscale Ethereum Trust ETF) is Cryptocurrency fund tracking the CoinDesk Ether Price Index , while LTC-USD (Litecoin) is a cryptocurrency. Over the past 5 years, ETHE returned -11.18%/yr vs -24.49%/yr for LTC-USD. At a 0.46 correlation, their price movements are largely independent.
Performance
ETHE vs. LTC-USD - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with ETHE having a -43.52% return and LTC-USD slightly lower at -44.79%.
ETHE
- 1D
- 6.90%
- 1M
- -27.33%
- YTD
- -43.52%
- 6M
- -46.57%
- 1Y
- -33.22%
- 3Y*
- 20.84%
- 5Y*
- -11.18%
- 10Y*
- —
LTC-USD
- 1D
- -1.07%
- 1M
- -26.95%
- YTD
- -44.79%
- 6M
- -49.51%
- 1Y
- -51.43%
- 3Y*
- -22.01%
- 5Y*
- -24.49%
- 10Y*
- 24.23%
ETHE vs. LTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ETHE Grayscale Ethereum Trust ETF | -43.52% | -13.03% | 44.14% | 308.40% | -85.29% | 108.77% | 441.75% | -57.08% |
LTC-USD Litecoin | -44.79% | -25.56% | 41.56% | 3.88% | -52.04% | 17.47% | 202.70% | -68.60% |
Correlation
The correlation between ETHE and LTC-USD is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Jun 14, 2019 | 0.46 |
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Return for Risk
ETHE vs. LTC-USD — Risk / Return Rank
ETHE
LTC-USD
ETHE vs. LTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale Ethereum Trust ETF (ETHE) and Litecoin (LTC-USD). 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.
| ETHE | LTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.32 | ||
| Sortino ratioReturn per unit of downside risk | +0.75 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 0.88 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.49 | -0.75 | +0.26 |
| Martin ratioReturn relative to average drawdown | -0.86 | -1.27 | +0.41 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ETHE | LTC-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.48 | -0.80 | +0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.14 | -0.32 | +0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.24 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.06 | 0.19 | -0.13 |
Drawdowns
ETHE vs. LTC-USD - Drawdown Comparison
The maximum ETHE drawdown since its inception was -96.26%, roughly equal to the maximum LTC-USD drawdown of -97.59%. Use the drawdown chart below to compare losses from any high point for ETHE and LTC-USD.
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Drawdown Indicators
| ETHE | LTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.26% | -97.59% | +1.33% |
Max Drawdown (1Y)Largest decline over 1 year | -67.77% | -68.39% | +0.62% |
Max Drawdown (3Y)Largest decline over 3 years | -67.77% | -69.81% | +2.04% |
Max Drawdown (5Y)Largest decline over 5 years | -89.85% | -85.18% | -4.67% |
Max Drawdown (10Y)Largest decline over 10 years | — | -93.64% | — |
Current DrawdownCurrent decline from peak | -78.64% | -89.09% | +10.45% |
Average DrawdownAverage peak-to-trough decline | -72.24% | -75.64% | +3.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 38.65% | 46.55% | -7.90% |
Volatility
ETHE vs. LTC-USD - Volatility Comparison
Grayscale Ethereum Trust ETF (ETHE) has a higher volatility of 16.62% compared to Litecoin (LTC-USD) at 13.54%. This indicates that ETHE's price experiences larger fluctuations and is considered to be riskier than LTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETHE | LTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.62% | 13.54% | +3.08% |
Volatility (6M)Calculated over the trailing 6-month period | 46.92% | 36.34% | +10.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 69.50% | 53.20% | +16.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.39% | 64.62% | +17.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 191.74% | 85.63% | +106.11% |
Frequently Asked Questions
ETHE and LTC-USD have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ETHE has higher volatility (16.62%) compared to LTC-USD (13.54%). In terms of maximum drawdown, ETHE dropped -96.26% vs LTC-USD's -97.59%.
ETHE currently has the higher Sharpe Ratio (-0.48 vs -0.80), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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