GAVA vs. GDLC
GAVA (Grayscale Avalanche Staking ETF) and GDLC (Grayscale CoinDesk Crypto 5 ETF) are both Cryptocurrency funds from Grayscale. GAVA is actively managed, while GDLC is passively managed. Their correlation of 0.91 suggests significant overlap in exposure. GAVA charges 0.35%/yr vs 0.59%/yr for GDLC.
Performance
GAVA vs. GDLC - Performance Comparison
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Returns By Period
GAVA
- 1D
- -1.16%
- 1M
- -3.51%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GDLC
- 1D
- 1.35%
- 1M
- 4.20%
- YTD
- -18.04%
- 6M
- -37.99%
- 1Y
- -1.25%
- 3Y*
- 64.06%
- 5Y*
- -8.22%
- 10Y*
- —
GAVA vs. GDLC - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
GAVA Grayscale Avalanche Staking ETF | -1.87% |
GDLC Grayscale CoinDesk Crypto 5 ETF | 5.25% |
Correlation
The correlation between GAVA and GDLC is 0.91, 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 | 0.91 |
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Return for Risk
GAVA vs. GDLC — Risk / Return Rank
GAVA
GDLC
GAVA vs. GDLC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale Avalanche Staking ETF (GAVA) and Grayscale CoinDesk Crypto 5 ETF (GDLC). 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 | GDLC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -0.03 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.11 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.35 | 0.33 | -0.68 |
Drawdowns
GAVA vs. GDLC - Drawdown Comparison
The maximum GAVA drawdown since its inception was -15.35%, smaller than the maximum GDLC drawdown of -94.14%. Use the drawdown chart below to compare losses from any high point for GAVA and GDLC.
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Drawdown Indicators
| GAVA | GDLC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.35% | -94.14% | +78.79% |
Max Drawdown (1Y)Largest decline over 1 year | — | -52.91% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -94.14% | — |
Current DrawdownCurrent decline from peak | -8.35% | -47.28% | +38.93% |
Average DrawdownAverage peak-to-trough decline | -8.86% | -52.88% | +44.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 26.37% | — |
Volatility
GAVA vs. GDLC - Volatility Comparison
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Volatility by Period
| GAVA | GDLC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 11.69% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 40.08% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 60.01% | 48.82% | +11.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.01% | 77.50% | -17.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.01% | 94.78% | -34.77% |
GAVA vs. GDLC - Expense Ratio Comparison
GAVA has a 0.35% expense ratio, which is lower than GDLC's 0.59% expense ratio.
Dividends
GAVA vs. GDLC - Dividend Comparison
Neither GAVA nor GDLC has paid dividends to shareholders.