GAVA vs. BITS
GAVA (Grayscale Avalanche Staking ETF) and BITS (Global X Blockchain & Bitcoin Strategy ETF) are both Cryptocurrency funds. GAVA is actively managed, while BITS is passively managed. A 0.67 correlation means they provide meaningful diversification when combined. GAVA charges 0.35%/yr vs 0.65%/yr for BITS.
Performance
GAVA vs. BITS - Performance Comparison
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Returns By Period
GAVA
- 1D
- -1.16%
- 1M
- -3.51%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BITS
- 1D
- 4.11%
- 1M
- 10.22%
- YTD
- -1.95%
- 6M
- -34.59%
- 1Y
- 44.74%
- 3Y*
- 43.58%
- 5Y*
- —
- 10Y*
- —
GAVA vs. BITS - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
GAVA Grayscale Avalanche Staking ETF | -1.87% |
BITS Global X Blockchain & Bitcoin Strategy ETF | 11.40% |
Correlation
The correlation between GAVA and BITS is 0.67, 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 | 0.67 |
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Return for Risk
GAVA vs. BITS — Risk / Return Rank
GAVA
BITS
GAVA vs. BITS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale Avalanche Staking ETF (GAVA) and Global X Blockchain & Bitcoin Strategy ETF (BITS). 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 | BITS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.86 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.35 | -0.00 | -0.34 |
Drawdowns
GAVA vs. BITS - Drawdown Comparison
The maximum GAVA drawdown since its inception was -15.35%, smaller than the maximum BITS drawdown of -83.11%. Use the drawdown chart below to compare losses from any high point for GAVA and BITS.
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Drawdown Indicators
| GAVA | BITS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.35% | -83.11% | +67.76% |
Max Drawdown (1Y)Largest decline over 1 year | — | -48.38% | — |
Current DrawdownCurrent decline from peak | -8.35% | -35.45% | +27.10% |
Average DrawdownAverage peak-to-trough decline | -8.86% | -43.18% | +34.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 23.21% | — |
Volatility
GAVA vs. BITS - Volatility Comparison
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Volatility by Period
| GAVA | BITS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 14.89% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 43.61% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 60.01% | 52.44% | +7.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.01% | 61.39% | -1.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.01% | 61.39% | -1.38% |
GAVA vs. BITS - Expense Ratio Comparison
GAVA has a 0.35% expense ratio, which is lower than BITS's 0.65% expense ratio.
Dividends
GAVA vs. BITS - Dividend Comparison
GAVA has not paid dividends to shareholders, while BITS's dividend yield for the trailing twelve months is around 23.25%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GAVA Grayscale Avalanche Staking ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BITS Global X Blockchain & Bitcoin Strategy ETF | 23.25% | 22.80% | 29.49% | 13.69% | 0.48% | 1.90% |