GAVA vs. BITC
GAVA (Grayscale Avalanche Staking ETF) and BITC (Bitwise Bitcoin Strategy Optimum Roll ETF) are both Cryptocurrency funds. Both are actively managed. A 0.50 correlation means they provide meaningful diversification when combined. GAVA charges 0.35%/yr vs 0.88%/yr for BITC.
Performance
GAVA vs. BITC - Performance Comparison
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Returns By Period
GAVA
- 1D
- -1.16%
- 1M
- -3.51%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BITC
- 1D
- 1.12%
- 1M
- 0.20%
- YTD
- 3.87%
- 6M
- -6.97%
- 1Y
- 0.40%
- 3Y*
- 29.69%
- 5Y*
- —
- 10Y*
- —
GAVA vs. BITC - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
GAVA Grayscale Avalanche Staking ETF | -1.87% |
BITC Bitwise Bitcoin Strategy Optimum Roll ETF | 1.11% |
Correlation
The correlation between GAVA and BITC is 0.50, 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 13, 2026 | 0.50 |
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Return for Risk
GAVA vs. BITC — Risk / Return Rank
GAVA
BITC
GAVA vs. BITC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale Avalanche Staking ETF (GAVA) and Bitwise Bitcoin Strategy Optimum Roll ETF (BITC). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| GAVA | BITC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.02 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.35 | 0.67 | -1.02 |
Drawdowns
GAVA vs. BITC - Drawdown Comparison
The maximum GAVA drawdown since its inception was -15.35%, smaller than the maximum BITC drawdown of -38.51%. Use the drawdown chart below to compare losses from any high point for GAVA and BITC.
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Drawdown Indicators
| GAVA | BITC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.35% | -38.51% | +23.16% |
Max Drawdown (1Y)Largest decline over 1 year | — | -26.51% | — |
Current DrawdownCurrent decline from peak | -8.35% | -28.62% | +20.27% |
Average DrawdownAverage peak-to-trough decline | -8.86% | -15.96% | +7.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 17.07% | — |
Volatility
GAVA vs. BITC - Volatility Comparison
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Volatility by Period
| GAVA | BITC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 8.35% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 18.39% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 60.01% | 26.16% | +33.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.01% | 47.36% | +12.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.01% | 47.36% | +12.65% |
GAVA vs. BITC - Expense Ratio Comparison
GAVA has a 0.35% expense ratio, which is lower than BITC's 0.88% expense ratio.
Dividends
GAVA vs. BITC - Dividend Comparison
GAVA has not paid dividends to shareholders, while BITC's dividend yield for the trailing twelve months is around 3.24%.
| TTM | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
GAVA Grayscale Avalanche Staking ETF | 0.00% | 0.00% | 0.00% | 0.00% |
BITC Bitwise Bitcoin Strategy Optimum Roll ETF | 3.24% | 3.36% | 42.68% | 5.82% |