LTCN vs. BTC-USD
LTCN (Grayscale Litecoin Trust) is Cryptocurrency fund tracking the CoinDesk Litecoin Price Index, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 5 years, LTCN returned -59.66%/yr vs 11.35%/yr for BTC-USD. At a 0.41 correlation, their price movements are largely independent.
Performance
LTCN vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, LTCN achieves a -46.53% return, which is significantly lower than BTC-USD's -29.97% return.
LTCN
- 1D
- -6.59%
- 1M
- -26.24%
- YTD
- -46.53%
- 6M
- -52.48%
- 1Y
- -53.43%
- 3Y*
- -9.65%
- 5Y*
- -59.66%
- 10Y*
- —
BTC-USD
- 1D
- -3.97%
- 1M
- -24.76%
- YTD
- -29.97%
- 6M
- -31.42%
- 1Y
- -39.67%
- 3Y*
- 31.02%
- 5Y*
- 11.35%
- 10Y*
- 59.37%
LTCN vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
LTCN Grayscale Litecoin Trust | -46.53% | -54.37% | -18.79% | 650.00% | -77.17% | -96.84% | 1,165.22% |
BTC-USD Bitcoin | -29.97% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 142.59% |
Correlation
The correlation between LTCN and BTC-USD is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Aug 19, 2020 | 0.41 |
The correlation between LTCN and BTC-USD shifts across timeframes, from 0.41 (all time) to 0.57 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
LTCN vs. BTC-USD — Risk / Return Rank
LTCN
BTC-USD
LTCN vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale Litecoin Trust (LTCN) and Bitcoin (BTC-USD). 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.
| LTCN | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 0.87 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.75 | -0.78 | +0.03 |
| Martin ratioReturn relative to average drawdown | -1.23 | -1.39 | +0.16 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| LTCN | BTC-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.77 | -0.93 | +0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.56 | 0.21 | -0.77 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.87 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.21 | 1.13 | -1.33 |
Drawdowns
LTCN vs. BTC-USD - Drawdown Comparison
The maximum LTCN drawdown since its inception was -99.58%, which is greater than BTC-USD's maximum drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for LTCN and BTC-USD.
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Drawdown Indicators
| LTCN | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.58% | -85.30% | -14.28% |
Max Drawdown (1Y)Largest decline over 1 year | -71.62% | -50.87% | -20.75% |
Max Drawdown (3Y)Largest decline over 3 years | -93.36% | -50.87% | -42.49% |
Max Drawdown (5Y)Largest decline over 5 years | -99.24% | -76.67% | -22.57% |
Max Drawdown (10Y)Largest decline over 10 years | — | -83.80% | — |
Current DrawdownCurrent decline from peak | -99.38% | -50.87% | -48.51% |
Average DrawdownAverage peak-to-trough decline | -89.62% | -42.29% | -47.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 43.41% | 34.02% | +9.39% |
Volatility
LTCN vs. BTC-USD - Volatility Comparison
Grayscale Litecoin Trust (LTCN) has a higher volatility of 13.19% compared to Bitcoin (BTC-USD) at 10.54%. This indicates that LTCN's price experiences larger fluctuations and is considered to be riskier than BTC-USD 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-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.19% | 10.54% | +2.65% |
Volatility (6M)Calculated over the trailing 6-month period | 41.25% | 34.26% | +6.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 69.95% | 35.65% | +34.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 106.66% | 44.98% | +61.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 141.35% | 56.70% | +84.65% |
Frequently Asked Questions
LTCN and BTC-USD have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LTCN has higher volatility (13.19%) compared to BTC-USD (10.54%). In terms of maximum drawdown, LTCN dropped -99.58% vs BTC-USD's -85.30%.
LTCN currently has the higher Sharpe Ratio (-0.77 vs -0.93), 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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