GAVA vs. MLPB
GAVA (Grayscale Avalanche Staking ETF) and MLPB (ETRACS Alerian MLP Infrastructure Index ETN Series B) are both exchange-traded funds - GAVA is a Cryptocurrency fund actively managed by Grayscale, while MLPB is a Infrastructure Equities fund tracking the Alerian MLP Infrastructure Index. GAVA is actively managed, while MLPB is passively managed. Their -0.23 correlation means they have often moved in opposite directions in the past. GAVA charges 0.35%/yr vs 0.85%/yr for MLPB.
Performance
GAVA vs. MLPB - Performance Comparison
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Returns By Period
GAVA
- 1D
- -1.11%
- 1M
- -5.05%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
MLPB
- 1D
- 1.16%
- 1M
- 7.18%
- 6M
- 17.75%
- YTD
- 26.62%
- 1Y
- 25.65%
- 3Y*
- 21.81%
- 5Y*
- 22.18%
- 10Y*
- 8.89%
- ALL TIME*
- 7.52%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $25.36K | $35.54K | $52.60K | |
| $90.23K | $111.55K | $133.00K |
GAVA vs. MLPB - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
GAVA Grayscale Avalanche Staking ETF | -32.74% |
MLPB ETRACS Alerian MLP Infrastructure Index ETN Series B | 8.86% |
Correlation
The correlation between GAVA and MLPB is -0.23, 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 | -0.23 |
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Return for Risk
GAVA vs. MLPB — Risk / Return Rank
GAVA
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MLPB
GAVA vs. MLPB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale Avalanche Staking ETF (GAVA) and ETRACS Alerian MLP Infrastructure Index ETN Series B (MLPB). 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 | MLPB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.29 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.56 | — |
| Martin ratioReturn relative to average drawdown | — | 6.82 | — |
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Drawdowns
GAVA vs. MLPB - Drawdown Comparison
The maximum GAVA drawdown since its inception was -40.42%, smaller than the maximum MLPB drawdown of -71.93%. Use the drawdown chart below to compare losses from any high point for GAVA and MLPB.
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Drawdown Indicators
| GAVA | MLPB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.42% | -71.93% | +31.51% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.28% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.49% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.41% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -71.93% | — |
Current DrawdownCurrent decline from peak | -37.27% | 0.00% | -37.27% |
Average DrawdownAverage peak-to-trough decline | -19.71% | -14.67% | -5.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.72% | — |
Volatility
GAVA vs. MLPB - Volatility Comparison
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Volatility by Period
| GAVA | MLPB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.65% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 11.14% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 52.40% | 14.17% | +38.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.40% | 19.62% | +32.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.40% | 27.20% | +25.20% |
GAVA vs. MLPB - Expense Ratio Comparison
GAVA has a 0.35% expense ratio, which is lower than MLPB's 0.85% expense ratio.
Dividends
GAVA vs. MLPB - Dividend Comparison
GAVA has not paid dividends to shareholders, while MLPB's dividend yield for the trailing twelve months is around 5.70%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
MLPB ETRACS Alerian MLP Infrastructure Index ETN Series B | 5.70% | 6.51% | 5.95% | 6.37% | 6.00% | 6.98% | 11.93% | 7.98% | 8.11% | 7.23% | 6.85% |
Frequently Asked Questions
GAVA and MLPB have a correlation of -0.23, 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 0.85% for MLPB.
MLPB has the higher dividend yield at 5.70%, compared with 0.00% for GAVA.
GAVA is categorized as Cryptocurrency, while MLPB is Infrastructure Equities. They also come from different issuers: Grayscale and UBS. Their fees differ too: 0.35% for GAVA and 0.85% for MLPB.
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