GLNK vs. GAVA
GLNK (Grayscale Chainlink Trust ETF) and GAVA (Grayscale Avalanche Staking ETF) are both Cryptocurrency funds from Grayscale. GLNK is passively managed, while GAVA is actively managed. Their correlation of 0.91 suggests significant overlap in exposure. GLNK charges 2.50%/yr vs 0.35%/yr for GAVA.
Performance
GLNK vs. GAVA - Performance Comparison
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Returns By Period
GLNK
- 1D
- -4.14%
- 1M
- -19.90%
- YTD
- -38.32%
- 6M
- -39.13%
- 1Y
- -61.60%
- 3Y*
- -11.67%
- 5Y*
- —
- 10Y*
- —
GAVA
- 1D
- 1.42%
- 1M
- -31.17%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GLNK vs. GAVA - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
GLNK Grayscale Chainlink Trust ETF | -16.93% |
GAVA Grayscale Avalanche Staking ETF | -33.56% |
Correlation
The correlation between GLNK and GAVA is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Mar 12, 2026 | 0.91 |
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Return for Risk
GLNK vs. GAVA — Risk / Return Rank
GLNK
GAVA
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
GLNK vs. GAVA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale Chainlink Trust ETF (GLNK) and Grayscale Avalanche Staking ETF (GAVA). 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 | GAVA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.94 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.69 | — | — |
| Martin ratioReturn relative to average drawdown | -0.89 | — | — |
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Drawdowns
GLNK vs. GAVA - Drawdown Comparison
The maximum GLNK drawdown since its inception was -96.17%, which is greater than GAVA's maximum drawdown of -38.90%. Use the drawdown chart below to compare losses from any high point for GLNK and GAVA.
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Drawdown Indicators
| GLNK | GAVA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.17% | -38.90% | -57.27% |
Max Drawdown (1Y)Largest decline over 1 year | -89.27% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -96.17% | — | — |
Current DrawdownCurrent decline from peak | -96.04% | -38.03% | -58.01% |
Average DrawdownAverage peak-to-trough decline | -56.16% | -13.59% | -42.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 69.58% | — | — |
Volatility
GLNK vs. GAVA - Volatility Comparison
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Volatility by Period
| GLNK | GAVA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.21% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 47.47% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 107.84% | 54.19% | +53.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 163.97% | 54.19% | +109.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 163.97% | 54.19% | +109.78% |
GLNK vs. GAVA - Expense Ratio Comparison
GLNK has a 2.50% expense ratio, which is higher than GAVA's 0.35% expense ratio.
Dividends
GLNK vs. GAVA - Dividend Comparison
Neither GLNK nor GAVA has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.91, GLNK and GAVA move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 GLNK.
GLNK and GAVA have nearly identical dividend yields, around 0.00%.
Their fees differ too: 2.50% for GLNK and 0.35% for GAVA.
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