LTCN vs. BTC
LTCN (Grayscale Litecoin Trust) and BTC (Grayscale Bitcoin Mini Trust ETF) are both Cryptocurrency funds from Grayscale. LTCN is passively managed, while BTC is actively managed. Over the past year, LTCN returned -61.34% vs -44.44% for BTC. Their 0.66 correlation means they have sometimes moved together and sometimes differently. LTCN charges 2.50%/yr vs 0.15%/yr for BTC.
Performance
LTCN vs. BTC - Performance Comparison
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Returns By Period
In the year-to-date period, LTCN achieves a -44.82% return, which is significantly lower than BTC's -28.20% return.
LTCN
- 1D
- -1.11%
- 1M
- 0.94%
- 6M
- -37.33%
- YTD
- -44.82%
- 1Y
- -61.34%
- 3Y*
- -16.25%
- 5Y*
- -24.69%
- 10Y*
- —
- ALL TIME*
- -33.04%
BTC
- 1D
- -2.86%
- 1M
- 2.32%
- 6M
- -25.00%
- YTD
- -28.20%
- 1Y
- -44.44%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -2.91%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $40.40M | $40.42M | $55.08M | |
| $228.60K | $254.02K | $357.31K |
LTCN vs. BTC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
LTCN Grayscale Litecoin Trust | -44.82% | -54.37% | -26.28% |
BTC Grayscale Bitcoin Mini Trust ETF | -28.20% | -7.50% | 41.93% |
Correlation
The correlation between LTCN and BTC is 0.76, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.76 |
Correlation (All Time) Calculated using the full available price history since Jul 31, 2024 | 0.66 |
The correlation between LTCN and BTC has been stable across timeframes, ranging from 0.66 to 0.76 - a consistent structural relationship.
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Return for Risk
LTCN vs. BTC — Risk / Return Rank
LTCN
BTC
LTCN vs. BTC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale Litecoin Trust (LTCN) and Grayscale Bitcoin Mini Trust ETF (BTC). 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.
| LTCN | BTC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 0.83 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.87 | -0.87 | 0.00 |
| Martin ratioReturn relative to average drawdown | -1.24 | -1.34 | +0.10 |
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Drawdowns
LTCN vs. BTC - Drawdown Comparison
The maximum LTCN drawdown since its inception was -99.58%, which is greater than BTC's maximum drawdown of -53.30%. Use the drawdown chart below to compare losses from any high point for LTCN and BTC.
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Drawdown Indicators
| LTCN | BTC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.58% | -53.30% | -46.28% |
Max Drawdown (1Y)Largest decline over 1 year | -72.73% | -53.30% | -19.43% |
Max Drawdown (3Y)Largest decline over 3 years | -93.68% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -93.68% | — | — |
Current DrawdownCurrent decline from peak | -99.36% | -49.96% | -49.40% |
Average DrawdownAverage peak-to-trough decline | -89.83% | -19.39% | -70.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 50.75% | 34.60% | +16.15% |
Volatility
LTCN vs. BTC - Volatility Comparison
Grayscale Litecoin Trust (LTCN) has a higher volatility of 10.39% compared to Grayscale Bitcoin Mini Trust ETF (BTC) at 9.08%. This indicates that LTCN's price experiences larger fluctuations and is considered to be riskier than BTC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LTCN | BTC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.39% | 9.08% | +1.31% |
Volatility (6M)Calculated over the trailing 6-month period | 39.88% | 33.72% | +6.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 64.78% | 44.38% | +20.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 100.83% | 47.53% | +53.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 140.40% | 47.53% | +92.87% |
LTCN vs. BTC - Expense Ratio Comparison
LTCN has a 2.50% expense ratio, which is higher than BTC's 0.15% expense ratio.
Dividends
LTCN vs. BTC - Dividend Comparison
Neither LTCN nor BTC has paid dividends to shareholders.
Frequently Asked Questions
LTCN and BTC have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LTCN has higher volatility (10.39%) compared to BTC (9.08%). In terms of maximum drawdown, LTCN dropped -99.58% vs BTC's -53.30%.
On 1-year performance, BTC leads with -44.44% vs -61.34% for LTCN. On fees, BTC is cheaper at 0.15% per year. On volatility, BTC has been the lower-risk option at 9.08%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BTC has performed better with a -44.44% return vs -61.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BTC is cheaper with a 0.15% expense ratio, compared with 2.50% for LTCN.
LTCN and BTC have nearly identical dividend yields, around 0.00%.
Their fees differ too: 2.50% for LTCN and 0.15% for BTC.
LTCN currently has the higher Sharpe Ratio (-0.97 vs -1.04), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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