GAVA vs. GLNK

Last updated Apr 14, 2026

GAVA (Grayscale Avalanche Staking ETF) and GLNK (Grayscale Chainlink Trust ETF) are both Cryptocurrency funds from Grayscale. GAVA is actively managed, while GLNK is passively managed. With a 0.97 correlation, they move nearly in lockstep. GAVA charges 0.35%/yr vs 2.50%/yr for GLNK.

Performance

GAVA vs. GLNK - Performance Comparison

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

Returns By Period

GAVA

• 1D: -1.16%
• 1M: -3.51%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GLNK

• 1D: -1.35%
• 1M: -0.99%
• YTD: -26.29%
• 6M: -71.32%
• 1Y: -77.05%
• 3Y*: -19.69%
• 5Y*: —
• 10Y*: —

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

GAVA vs. GLNK - Yearly Performance Comparison

	2026 (YTD)
GAVA Grayscale Avalanche Staking ETF	-1.87%
GLNK Grayscale Chainlink Trust ETF	0.12%

Correlation

The correlation between GAVA and GLNK is 0.97 — these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 13, 2026	0.97

Return for Risk

GAVA vs. GLNK — Risk / Return Rank

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

GLNK

GLNK Risk / Return Rank: 2
GLNK Sharpe Ratio Rank: 2
GLNK Sortino Ratio Rank: 2
GLNK Omega Ratio Rank: 2
GLNK Calmar Ratio Rank: 1
GLNK Martin Ratio Rank: 2

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. GLNK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Grayscale Avalanche Staking ETF (GAVA) and Grayscale Chainlink Trust ETF (GLNK). 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	GLNK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.63	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.35	0.00	-0.35

Drawdowns

GAVA vs. GLNK - Drawdown Comparison

The maximum GAVA drawdown since its inception was -15.35%, smaller than the maximum GLNK drawdown of -95.82%. Use the drawdown chart below to compare losses from any high point for GAVA and GLNK.

Drawdown Indicators

	GAVA	GLNK	Difference
Max Drawdown Largest peak-to-trough decline	-15.35%	-95.82%	+80.47%
Max Drawdown (1Y) Largest decline over 1 year	—	-88.29%	—
Current Drawdown Current decline from peak	-8.35%	-95.26%	+86.91%
Average Drawdown Average peak-to-trough decline	-8.86%	-54.22%	+45.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	62.75%	—

Volatility

Volatility by Period

	GAVA	GLNK	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	16.47%	—
Volatility (6M) Calculated over the trailing 6-month period	—	67.73%	—
Volatility (1Y) Calculated over the trailing 1-year period	60.01%	123.68%	-63.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	60.01%	167.69%	-107.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	60.01%	167.69%	-107.68%

GAVA vs. GLNK - Expense Ratio Comparison

GAVA has a 0.35% expense ratio, which is lower than GLNK's 2.50% expense ratio.

Dividends

GAVA vs. GLNK - Dividend Comparison

Neither GAVA nor GLNK has paid dividends to shareholders.

Tickers have no history of dividend payments