GAVA vs. ETHE
GAVA (Grayscale Avalanche Staking ETF) and ETHE (Grayscale Ethereum Trust ETF) are both Cryptocurrency funds from Grayscale. GAVA is actively managed, while ETHE is passively managed. Their correlation of 0.90 suggests significant overlap in exposure. GAVA charges 0.35%/yr vs 2.50%/yr for ETHE.
Performance
GAVA vs. ETHE - Performance Comparison
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Returns By Period
GAVA
- 1D
- -1.16%
- 1M
- -3.51%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETHE
- 1D
- 2.23%
- 1M
- 10.02%
- YTD
- -22.30%
- 6M
- -43.94%
- 1Y
- 39.03%
- 3Y*
- 20.14%
- 5Y*
- -5.14%
- 10Y*
- —
GAVA vs. ETHE - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
GAVA Grayscale Avalanche Staking ETF | -1.87% |
ETHE Grayscale Ethereum Trust ETF | 11.65% |
Correlation
The correlation between GAVA and ETHE is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification — they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Mar 13, 2026 | 0.90 |
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Return for Risk
GAVA vs. ETHE — Risk / Return Rank
GAVA
ETHE
GAVA vs. ETHE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale Avalanche Staking ETF (GAVA) and Grayscale Ethereum Trust ETF (ETHE). 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 | ETHE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.54 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.06 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.35 | 0.09 | -0.43 |
Drawdowns
GAVA vs. ETHE - Drawdown Comparison
The maximum GAVA drawdown since its inception was -15.35%, smaller than the maximum ETHE drawdown of -96.26%. Use the drawdown chart below to compare losses from any high point for GAVA and ETHE.
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Drawdown Indicators
| GAVA | ETHE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.35% | -96.26% | +80.91% |
Max Drawdown (1Y)Largest decline over 1 year | — | -61.89% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -89.85% | — |
Current DrawdownCurrent decline from peak | -8.35% | -70.62% | +62.27% |
Average DrawdownAverage peak-to-trough decline | -8.86% | -72.24% | +63.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 32.09% | — |
Volatility
GAVA vs. ETHE - Volatility Comparison
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Volatility by Period
| GAVA | ETHE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 17.11% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 52.69% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 60.01% | 72.61% | -12.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.01% | 84.78% | -24.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.01% | 193.69% | -133.68% |
GAVA vs. ETHE - Expense Ratio Comparison
GAVA has a 0.35% expense ratio, which is lower than ETHE's 2.50% expense ratio.
Dividends
GAVA vs. ETHE - Dividend Comparison
GAVA has not paid dividends to shareholders, while ETHE's dividend yield for the trailing twelve months is around 0.81%.
| TTM | |
|---|---|
GAVA Grayscale Avalanche Staking ETF | 0.00% |
ETHE Grayscale Ethereum Trust ETF | 0.81% |