GAVA vs. EZPZ

Last updated Apr 15, 2026

GAVA (Grayscale Avalanche Staking ETF) and EZPZ (Franklin Crypto Index ETF) are both Cryptocurrency funds. GAVA is actively managed, while EZPZ is passively managed. Their correlation of 0.92 suggests significant overlap in exposure. GAVA charges 0.35%/yr vs 0.19%/yr for EZPZ.

Performance

GAVA vs. EZPZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Grayscale Avalanche Staking ETF (GAVA) and Franklin Crypto Index ETF (EZPZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

GAVA

• 1D: -0.69%
• 1M: -4.18%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

EZPZ

• 1D: 1.17%
• 1M: 4.26%
• YTD: -17.26%
• 6M: -37.55%
• 1Y: -9.94%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GAVA vs. EZPZ - Yearly Performance Comparison

	2026 (YTD)
GAVA Grayscale Avalanche Staking ETF	-2.54%
EZPZ Franklin Crypto Index ETF	5.14%

Correlation

The correlation between GAVA and EZPZ is 0.92, 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	0.92

Return for Risk

GAVA vs. EZPZ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EZPZ

EZPZ Risk / Return Rank: 5
EZPZ Sharpe Ratio Rank: 5
EZPZ Sortino Ratio Rank: 6
EZPZ Omega Ratio Rank: 6
EZPZ Calmar Ratio Rank: 6
EZPZ Martin Ratio Rank: 6

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GAVA vs. EZPZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Grayscale Avalanche Staking ETF (GAVA) and Franklin Crypto Index ETF (EZPZ). 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.

Sharpe Ratios by Period

	GAVA	EZPZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.21	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.45	-0.47	+0.02

Drawdowns

GAVA vs. EZPZ - Drawdown Comparison

The maximum GAVA drawdown since its inception was -15.35%, smaller than the maximum EZPZ drawdown of -52.38%. Use the drawdown chart below to compare losses from any high point for GAVA and EZPZ.

Drawdown Indicators

	GAVA	EZPZ	Difference
Max Drawdown Largest peak-to-trough decline	-15.35%	-52.38%	+37.03%
Max Drawdown (1Y) Largest decline over 1 year	—	-52.38%	—
Current Drawdown Current decline from peak	-8.98%	-44.21%	+35.23%
Average Drawdown Average peak-to-trough decline	-8.87%	-19.14%	+10.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	25.92%	—

Volatility

Volatility by Period

	GAVA	EZPZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	11.83%	—
Volatility (6M) Calculated over the trailing 6-month period	—	39.46%	—
Volatility (1Y) Calculated over the trailing 1-year period	58.61%	46.83%	+11.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	58.61%	49.02%	+9.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	58.61%	49.02%	+9.59%

GAVA vs. EZPZ - Expense Ratio Comparison

GAVA has a 0.35% expense ratio, which is higher than EZPZ's 0.19% expense ratio.

Dividends

GAVA vs. EZPZ - Dividend Comparison

Neither GAVA nor EZPZ has paid dividends to shareholders.

Tickers have no history of dividend payments