GLNK vs. ETCG

Last updated Apr 2, 2026

Compare and contrast key facts about Grayscale Chainlink Trust ETF (GLNK) and Grayscale Ethereum Classic Trust (ETC) (ETCG).

GLNK and ETCG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GLNK is a passively managed fund by Grayscale that tracks the performance of the Chainlink (LINK). It was launched on Feb 26, 2021. ETCG is a passively managed fund by Grayscale that tracks the performance of the Ethereum Classic (ETC). It was launched on Apr 24, 2017. Both GLNK and ETCG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

GLNK vs. ETCG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Grayscale Chainlink Trust ETF (GLNK) and Grayscale Ethereum Classic Trust (ETC) (ETCG). The values are adjusted to include any dividend payments, if applicable.

GLNK vs. ETCG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
GLNK Grayscale Chainlink Trust ETF	-26.38%	-87.10%	38.45%	840.06%	-17.85%
ETCG Grayscale Ethereum Classic Trust (ETC)	-32.01%	-39.78%	-9.57%	289.22%	-66.15%

Returns By Period

In the year-to-date period, GLNK achieves a -26.38% return, which is significantly higher than ETCG's -32.01% return.

GLNK

• 1D: 3.22%
• 1M: -0.12%
• YTD: -26.38%
• 6M: -70.84%
• 1Y: -73.49%
• 3Y*: -7.70%
• 5Y*: —
• 10Y*: —

ETCG

• 1D: 0.23%
• 1M: -6.41%
• YTD: -32.01%
• 6M: -52.38%
• 1Y: -41.04%
• 3Y*: -13.86%
• 5Y*: -19.05%
• 10Y*: —

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

GLNK vs. ETCG - Expense Ratio Comparison

Both GLNK and ETCG have an expense ratio of 2.50%.

GLNK

Grayscale Chainlink Trust ETF

ETCG

Grayscale Ethereum Classic Trust (ETC)

Return for Risk

GLNK vs. ETCG — Risk / Return Rank

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

GLNK

GLNK Risk / Return Rank: 3
GLNK Sharpe Ratio Rank: 4
GLNK Sortino Ratio Rank: 5
GLNK Omega Ratio Rank: 5
GLNK Calmar Ratio Rank: 1
GLNK Martin Ratio Rank: 3

ETCG

ETCG Risk / Return Rank: 3
ETCG Sharpe Ratio Rank: 3
ETCG Sortino Ratio Rank: 3
ETCG Omega Ratio Rank: 4
ETCG Calmar Ratio Rank: 2
ETCG Martin Ratio Rank: 2

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.

GLNK vs. ETCG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Grayscale Chainlink Trust ETF (GLNK) and Grayscale Ethereum Classic Trust (ETC) (ETCG). 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.

	GLNK	ETCG	Difference
Sharpe ratio Return per unit of total volatility	-0.55	-0.61	+0.06
Sortino ratio Return per unit of downside risk	-0.48	-0.71	+0.24
Omega ratio Gain probability vs. loss probability	0.95	0.92	+0.02
Calmar ratio Return relative to maximum drawdown	-0.82	-0.65	-0.18
Martin ratio Return relative to average drawdown	-1.19	-1.22	+0.03
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GLNK vs. ETCG - Sharpe Ratio Comparison

The current GLNK Sharpe Ratio is -0.55, which is comparable to the ETCG Sharpe Ratio of -0.61. The chart below compares the historical Sharpe Ratios of GLNK and ETCG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	GLNK	ETCG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.55	-0.61	+0.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.18	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.00	-0.18	+0.18

Correlation

The correlation between GLNK and ETCG is 0.29, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

GLNK vs. ETCG - Dividend Comparison

Neither GLNK nor ETCG has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

GLNK vs. ETCG - Drawdown Comparison

The maximum GLNK drawdown since its inception was -95.82%, roughly equal to the maximum ETCG drawdown of -96.59%. Use the drawdown chart below to compare losses from any high point for GLNK and ETCG.

Drawdown Indicators

	GLNK	ETCG	Difference
Max Drawdown Largest peak-to-trough decline	-95.82%	-96.59%	+0.77%
Max Drawdown (1Y) Largest decline over 1 year	-88.29%	-65.16%	-23.13%
Max Drawdown (5Y) Largest decline over 5 years	—	-96.59%	—
Current Drawdown Current decline from peak	-95.27%	-95.08%	-0.19%
Average Drawdown Average peak-to-trough decline	-53.92%	-82.40%	+28.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	61.11%	34.71%	+26.40%

Volatility

GLNK vs. ETCG - Volatility Comparison

Grayscale Chainlink Trust ETF (GLNK) has a higher volatility of 17.91% compared to Grayscale Ethereum Classic Trust (ETC) (ETCG) at 14.82%. This indicates that GLNK's price experiences larger fluctuations and is considered to be riskier than ETCG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GLNK	ETCG	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.91%	14.82%	+3.09%
Volatility (6M) Calculated over the trailing 6-month period	72.33%	44.51%	+27.82%
Volatility (1Y) Calculated over the trailing 1-year period	134.57%	67.49%	+67.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	168.26%	105.32%	+62.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	168.26%	116.42%	+51.84%