LTCC vs. MSBT

Last updated Jun 4, 2026

LTCC (Canary Litecoin ETF) and MSBT (Morgan Stanley Bitcoin Trust) are both Cryptocurrency funds. LTCC is actively managed, while MSBT is passively managed. A 0.69 correlation means they provide meaningful diversification when combined. LTCC charges 0.95%/yr vs 0.14%/yr for MSBT.

Performance

LTCC vs. MSBT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Canary Litecoin ETF (LTCC) and Morgan Stanley Bitcoin Trust (MSBT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

LTCC

• 1D: -1.79%
• 1M: -14.54%
• YTD: -38.64%
• 6M: -45.36%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MSBT

• 1D: -2.70%
• 1M: -18.41%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LTCC vs. MSBT - Yearly Performance Comparison

	2026 (YTD)
LTCC Canary Litecoin ETF	-13.24%
MSBT Morgan Stanley Bitcoin Trust	-8.40%

Correlation

The correlation between LTCC and MSBT is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 9, 2026	0.69

Return for Risk

LTCC vs. MSBT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Canary Litecoin ETF (LTCC) and Morgan Stanley Bitcoin Trust (MSBT). 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

	LTCC	MSBT	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-1.11	-1.33	+0.22

Drawdowns

LTCC vs. MSBT - Drawdown Comparison

The maximum LTCC drawdown since its inception was -56.22%, which is greater than MSBT's maximum drawdown of -20.25%. Use the drawdown chart below to compare losses from any high point for LTCC and MSBT.

Drawdown Indicators

	LTCC	MSBT	Difference
Max Drawdown Largest peak-to-trough decline	-56.22%	-20.25%	-35.97%
Current Drawdown Current decline from peak	-56.22%	-20.25%	-35.97%
Average Drawdown Average peak-to-trough decline	-37.73%	-3.91%	-33.82%

Volatility

Volatility by Period

	LTCC	MSBT	Difference
Volatility (1Y) Calculated over the trailing 1-year period	64.50%	32.92%	+31.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	64.50%	32.92%	+31.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	64.50%	32.92%	+31.58%

LTCC vs. MSBT - Expense Ratio Comparison

LTCC has a 0.95% expense ratio, which is higher than MSBT's 0.14% expense ratio.

Dividends

LTCC vs. MSBT - Dividend Comparison

Neither LTCC nor MSBT has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both LTCC and MSBT in my portfolio?

LTCC and MSBT have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LTCC or MSBT?

On fees, MSBT is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LTCC or MSBT?

MSBT is cheaper with a 0.14% expense ratio, compared with 0.95% for LTCC.

Which ETF pays a higher dividend yield, LTCC or MSBT?

LTCC and MSBT have nearly identical dividend yields, around 0.00%.

What is the main difference between LTCC and MSBT?

They also come from different issuers: Canary Capital and Morgan Stanley. Their fees differ too: 0.95% for LTCC and 0.14% for MSBT.