GAVA vs. USAI

Last updated Jun 5, 2026

GAVA (Grayscale Avalanche Staking ETF) and USAI (Pacer American Energy Independence ETF) are both exchange-traded funds - GAVA is a Cryptocurrency fund actively managed by Grayscale, while USAI is a Energy Equities fund tracking the American Energy Independence Index. GAVA is actively managed, while USAI is passively managed. At a correlation of -0.27, they often move in opposite directions. GAVA charges 0.35%/yr vs 0.75%/yr for USAI.

Performance

GAVA vs. USAI - Performance Comparison

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

Returns By Period

GAVA

• 1D: -3.30%
• 1M: -17.27%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

USAI

• 1D: 1.47%
• 1M: -1.05%
• YTD: 23.98%
• 6M: 21.70%
• 1Y: 22.36%
• 3Y*: 26.68%
• 5Y*: 18.67%
• 10Y*: —

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

GAVA vs. USAI - Yearly Performance Comparison

	2026 (YTD)
GAVA Grayscale Avalanche Staking ETF	-18.74%
USAI Pacer American Energy Independence ETF	2.24%

Correlation

The correlation between GAVA and USAI is -0.27, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 13, 2026	-0.27

Return for Risk

GAVA vs. USAI — Risk / Return Rank

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

USAI

USAI Risk / Return Rank: 41
USAI Sharpe Ratio Rank: 41
USAI Sortino Ratio Rank: 39
USAI Omega Ratio Rank: 38
USAI Calmar Ratio Rank: 51
USAI Martin Ratio Rank: 37

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. USAI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Grayscale Avalanche Staking ETF (GAVA) and Pacer American Energy Independence ETF (USAI). 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	USAI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.43	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.91	—
Sharpe Ratio (All Time) Calculated using the full available price history	-1.21	0.51	-1.72

Drawdowns

GAVA vs. USAI - Drawdown Comparison

The maximum GAVA drawdown since its inception was -24.10%, smaller than the maximum USAI drawdown of -65.25%. Use the drawdown chart below to compare losses from any high point for GAVA and USAI.

Drawdown Indicators

	GAVA	USAI	Difference
Max Drawdown Largest peak-to-trough decline	-24.10%	-65.25%	+41.15%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.01%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-18.22%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-20.68%	—
Current Drawdown Current decline from peak	-24.10%	-4.60%	-19.50%
Average Drawdown Average peak-to-trough decline	-9.29%	-9.36%	+0.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.99%	—

Volatility

Volatility by Period

	GAVA	USAI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.69%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.27%	—
Volatility (1Y) Calculated over the trailing 1-year period	49.58%	15.81%	+33.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	49.58%	20.56%	+29.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.58%	27.31%	+22.27%

GAVA vs. USAI - Expense Ratio Comparison

GAVA has a 0.35% expense ratio, which is lower than USAI's 0.75% expense ratio.

Dividends

GAVA vs. USAI - Dividend Comparison

GAVA has not paid dividends to shareholders, while USAI's dividend yield for the trailing twelve months is around 4.13%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
USAI Pacer American Energy Independence ETF	4.13%	5.03%	3.62%	4.99%	5.41%	6.15%	7.67%	6.50%	5.56%	0.08%

Frequently Asked Questions

Can I hold both GAVA and USAI in my portfolio?

GAVA and USAI have a correlation of -0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GAVA or USAI?

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.

Which ETF is cheaper, GAVA or USAI?

GAVA is cheaper with a 0.35% expense ratio, compared with 0.75% for USAI.

Which ETF pays a higher dividend yield, GAVA or USAI?

USAI has the higher dividend yield at 4.13%, compared with 0.00% for GAVA.

What is the main difference between GAVA and USAI?

GAVA is categorized as Cryptocurrency, while USAI is Energy Equities. They also come from different issuers: Grayscale and Pacer. Their fees differ too: 0.35% for GAVA and 0.75% for USAI.