GAVA vs. GLNK
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. Their correlation of 0.91 suggests significant overlap in exposure. GAVA charges 0.35%/yr vs 2.50%/yr for GLNK.
Performance
GAVA vs. GLNK - Performance Comparison
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Returns By Period
GAVA
- 1D
- 1.42%
- 1M
- -31.17%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GLNK
- 1D
- -4.14%
- 1M
- -19.90%
- YTD
- -38.32%
- 6M
- -39.13%
- 1Y
- -61.60%
- 3Y*
- -11.67%
- 5Y*
- —
- 10Y*
- —
GAVA vs. GLNK - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
GAVA Grayscale Avalanche Staking ETF | -33.56% |
GLNK Grayscale Chainlink Trust ETF | -16.93% |
Correlation
The correlation between GAVA and GLNK 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 12, 2026 | 0.91 |
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Return for Risk
GAVA vs. GLNK — Risk / Return Rank
GAVA
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
GLNK
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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GAVA | GLNK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.94 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.69 | — |
| Martin ratioReturn relative to average drawdown | — | -0.89 | — |
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Drawdowns
GAVA vs. GLNK - Drawdown Comparison
The maximum GAVA drawdown since its inception was -38.90%, smaller than the maximum GLNK drawdown of -96.17%. Use the drawdown chart below to compare losses from any high point for GAVA and GLNK.
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Drawdown Indicators
| GAVA | GLNK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.90% | -96.17% | +57.27% |
Max Drawdown (1Y)Largest decline over 1 year | — | -89.27% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -96.17% | — |
Current DrawdownCurrent decline from peak | -38.03% | -96.04% | +58.01% |
Average DrawdownAverage peak-to-trough decline | -13.59% | -56.16% | +42.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 69.58% | — |
Volatility
GAVA vs. GLNK - Volatility Comparison
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Volatility by Period
| GAVA | GLNK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 19.21% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 47.47% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 54.19% | 107.84% | -53.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 54.19% | 163.97% | -109.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 54.19% | 163.97% | -109.78% |
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.
Frequently Asked Questions
With a correlation of 0.91, GAVA and GLNK move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, GAVA is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GAVA is cheaper with a 0.35% expense ratio, compared with 2.50% for GLNK.
GAVA and GLNK have nearly identical dividend yields, around 0.00%.
Their fees differ too: 0.35% for GAVA and 2.50% for GLNK.
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