GAVA vs. IXC
GAVA (Grayscale Avalanche Staking ETF) and IXC (iShares Global Energy ETF) are both exchange-traded funds - GAVA is a Cryptocurrency fund actively managed by Grayscale, while IXC is a Energy Equities fund tracking the S&P Global 1200 Energy Capped Index. GAVA is actively managed, while IXC is passively managed. Their -0.28 correlation means they have often moved in opposite directions in the past. GAVA charges 0.35%/yr vs 0.40%/yr for IXC.
Performance
GAVA vs. IXC - Performance Comparison
Loading charts...
Returns By Period
GAVA
- 1D
- -1.11%
- 1M
- -5.05%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
IXC
- 1D
- 0.63%
- 1M
- 13.16%
- 6M
- 19.17%
- YTD
- 34.71%
- 1Y
- 45.16%
- 3Y*
- 16.60%
- 5Y*
- 22.34%
- 10Y*
- 10.52%
- ALL TIME*
- 8.52%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $25.36K | $35.54K | $52.60K | |
| $40.96M | $62.51M | $57.88M |
GAVA vs. IXC - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
GAVA Grayscale Avalanche Staking ETF | -32.74% |
IXC iShares Global Energy ETF | 5.98% |
Correlation
The correlation between GAVA and IXC is -0.28, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Mar 12, 2026 | -0.28 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GAVA vs. IXC — Risk / Return Rank
GAVA
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IXC
GAVA vs. IXC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale Avalanche Staking ETF (GAVA) and iShares Global Energy ETF (IXC). 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 | IXC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.36 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.83 | — |
| Martin ratioReturn relative to average drawdown | — | 8.78 | — |
Loading charts...
Drawdowns
GAVA vs. IXC - Drawdown Comparison
The maximum GAVA drawdown since its inception was -40.42%, smaller than the maximum IXC drawdown of -67.88%. Use the drawdown chart below to compare losses from any high point for GAVA and IXC.
Loading charts...
Drawdown Indicators
| GAVA | IXC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.42% | -67.88% | +27.46% |
Max Drawdown (1Y)Largest decline over 1 year | — | -15.36% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -19.06% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.93% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -64.16% | — |
Current DrawdownCurrent decline from peak | -37.27% | -3.05% | -34.22% |
Average DrawdownAverage peak-to-trough decline | -19.71% | -17.42% | -2.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.95% | — |
Volatility
GAVA vs. IXC - Volatility Comparison
Loading charts...
Volatility by Period
| GAVA | IXC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 6.07% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 16.03% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 52.40% | 19.61% | +32.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.40% | 23.37% | +29.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.40% | 26.82% | +25.58% |
GAVA vs. IXC - Expense Ratio Comparison
GAVA has a 0.35% expense ratio, which is lower than IXC's 0.40% expense ratio.
Dividends
GAVA vs. IXC - Dividend Comparison
GAVA has not paid dividends to shareholders, while IXC's dividend yield for the trailing twelve months is around 2.82%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GAVA Grayscale Avalanche Staking ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IXC iShares Global Energy ETF | 2.82% | 3.68% | 4.56% | 3.45% | 4.76% | 3.98% | 4.86% | 7.00% | 3.51% | 3.05% | 2.86% | 3.77% |
Frequently Asked Questions
GAVA and IXC have a correlation of -0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 0.40% for IXC.
IXC has the higher dividend yield at 2.82%, compared with 0.00% for GAVA.
GAVA is categorized as Cryptocurrency, while IXC is Energy Equities. They also come from different issuers: Grayscale and iShares. Their fees differ too: 0.35% for GAVA and 0.40% for IXC.
Find the right allocation for GAVA and IXC
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer