GAVA vs. LTCN
GAVA (Grayscale Avalanche Staking ETF) and LTCN (Grayscale Litecoin Trust) are both Cryptocurrency funds from Grayscale. GAVA is actively managed, while LTCN is passively managed. A 0.79 correlation means they provide meaningful diversification when combined. GAVA charges 0.35%/yr vs 2.50%/yr for LTCN.
Performance
GAVA vs. LTCN - Performance Comparison
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Returns By Period
GAVA
- 1D
- 0.38%
- 1M
- 3.09%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LTCN
- 1D
- 0.93%
- 1M
- 3.46%
- 6M
- -46.16%
- YTD
- -43.44%
- 1Y
- -60.94%
- 3Y*
- -16.06%
- 5Y*
- -46.44%
- 10Y*
- —
GAVA vs. LTCN - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
GAVA Grayscale Avalanche Staking ETF | -29.06% |
LTCN Grayscale Litecoin Trust | -21.45% |
Correlation
The correlation between GAVA and LTCN is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Mar 12, 2026 | 0.79 |
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Return for Risk
GAVA vs. LTCN — Risk / Return Rank
GAVA
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
LTCN
GAVA vs. LTCN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale Avalanche Staking ETF (GAVA) and Grayscale Litecoin Trust (LTCN). 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 | LTCN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.87 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.77 | — |
| Martin ratioReturn relative to average drawdown | — | -1.16 | — |
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Drawdowns
GAVA vs. LTCN - Drawdown Comparison
The maximum GAVA drawdown since its inception was -40.42%, smaller than the maximum LTCN drawdown of -99.58%. Use the drawdown chart below to compare losses from any high point for GAVA and LTCN.
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Drawdown Indicators
| GAVA | LTCN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.42% | -99.58% | +59.16% |
Max Drawdown (1Y)Largest decline over 1 year | — | -72.99% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -93.68% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -97.16% | — |
Current DrawdownCurrent decline from peak | -33.83% | -99.34% | +65.51% |
Average DrawdownAverage peak-to-trough decline | -16.75% | -89.74% | +72.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 48.36% | — |
Volatility
GAVA vs. LTCN - Volatility Comparison
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Volatility by Period
| GAVA | LTCN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 14.90% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 41.20% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 54.12% | 69.32% | -15.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 54.12% | 104.69% | -50.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 54.12% | 141.07% | -86.95% |
GAVA vs. LTCN - Expense Ratio Comparison
GAVA has a 0.35% expense ratio, which is lower than LTCN's 2.50% expense ratio.
Dividends
GAVA vs. LTCN - Dividend Comparison
Neither GAVA nor LTCN has paid dividends to shareholders.
Frequently Asked Questions
GAVA and LTCN have a correlation of 0.79, 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 2.50% for LTCN.
GAVA and LTCN have nearly identical dividend yields, around 0.00%.
Their fees differ too: 0.35% for GAVA and 2.50% for LTCN.
Find the right allocation for GAVA and LTCN
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