GLNK vs. ETCO
GLNK (Grayscale Chainlink Trust ETF) and ETCO (Grayscale Ethereum Covered Call ETF) are both Cryptocurrency funds from Grayscale. GLNK is passively managed, while ETCO is actively managed. Their 0.73 correlation means they have sometimes moved together and sometimes differently. GLNK charges 2.50%/yr vs 0.66%/yr for ETCO.
Performance
GLNK vs. ETCO - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with GLNK having a -33.63% return and ETCO slightly lower at -34.69%.
GLNK
- 1D
- -4.11%
- 1M
- 5.09%
- 6M
- -24.29%
- YTD
- -33.63%
- 1Y
- -73.63%
- 3Y*
- -20.97%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -2.38%
ETCO
- 1D
- -2.50%
- 1M
- 5.77%
- 6M
- -27.08%
- YTD
- -34.69%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $41.84K | $37.58K | $56.92K | |
| $2.63M | $1.89M | $1.97M |
GLNK vs. ETCO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GLNK Grayscale Chainlink Trust ETF | -33.63% | -77.19% |
ETCO Grayscale Ethereum Covered Call ETF | -34.69% | -26.08% |
Correlation
The correlation between GLNK and ETCO is 0.73, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 4, 2025 | 0.73 |
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Return for Risk
GLNK vs. ETCO — Risk / Return Rank
GLNK
ETCO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
GLNK vs. ETCO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale Chainlink Trust ETF (GLNK) and Grayscale Ethereum Covered Call ETF (ETCO). 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.
| GLNK | ETCO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.84 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.87 | — | — |
| Martin ratioReturn relative to average drawdown | -1.03 | — | — |
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Drawdowns
GLNK vs. ETCO - Drawdown Comparison
The maximum GLNK drawdown since its inception was -96.25%, which is greater than ETCO's maximum drawdown of -59.43%. Use the drawdown chart below to compare losses from any high point for GLNK and ETCO.
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Drawdown Indicators
| GLNK | ETCO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.25% | -59.43% | -36.82% |
Max Drawdown (1Y)Largest decline over 1 year | -89.50% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -96.25% | — | — |
Current DrawdownCurrent decline from peak | -95.73% | -55.22% | -40.51% |
Average DrawdownAverage peak-to-trough decline | -57.20% | -38.17% | -19.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 75.11% | — | — |
Volatility
GLNK vs. ETCO - Volatility Comparison
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Volatility by Period
| GLNK | ETCO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.97% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 45.67% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 100.63% | 50.60% | +50.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 161.98% | 50.60% | +111.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 161.98% | 50.60% | +111.38% |
GLNK vs. ETCO - Expense Ratio Comparison
GLNK has a 2.50% expense ratio, which is higher than ETCO's 0.66% expense ratio.
Dividends
GLNK vs. ETCO - Dividend Comparison
GLNK has not paid dividends to shareholders, while ETCO's dividend yield for the trailing twelve months is around 153.50%.
| Position | TTM | 2025 |
|---|---|---|
ETCO Grayscale Ethereum Covered Call ETF | 153.50% | 42.29% |
GLNK Grayscale Chainlink Trust ETF | 0.00% | 0.00% |
Frequently Asked Questions
GLNK and ETCO have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ETCO is cheaper at 0.66% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ETCO is cheaper with a 0.66% expense ratio, compared with 2.50% for GLNK.
ETCO has the higher dividend yield at 153.50%, compared with 0.00% for GLNK.
Their fees differ too: 2.50% for GLNK and 0.66% for ETCO.
Find the right allocation for GLNK and ETCO
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