LTCN vs. DBE
LTCN (Grayscale Litecoin Trust) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - LTCN is a Cryptocurrency fund tracking the CoinDesk Litecoin Price Index, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Over the past 5 years, LTCN returned -29.58%/yr vs 17.82%/yr for DBE. Their 0.04 correlation means their historical movements had little consistent relationship. LTCN charges 2.50%/yr vs 0.78%/yr for DBE.
Performance
LTCN vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, LTCN achieves a -45.85% return, which is significantly lower than DBE's 71.26% return.
LTCN
- 1D
- -1.86%
- 1M
- -0.94%
- 6M
- -34.71%
- YTD
- -45.85%
- 1Y
- -62.06%
- 3Y*
- -12.64%
- 5Y*
- -29.58%
- 10Y*
- —
- ALL TIME*
- -33.21%
DBE
- 1D
- -4.26%
- 1M
- 15.98%
- 6M
- 57.84%
- YTD
- 71.26%
- 1Y
- 61.44%
- 3Y*
- 15.22%
- 5Y*
- 17.82%
- 10Y*
- 12.24%
- ALL TIME*
- 2.29%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.27M | $1.08M | $1.67M | |
| $209.06K | $258.75K | $357.89K |
LTCN vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
LTCN Grayscale Litecoin Trust | -45.85% | -54.37% | -18.79% | 650.00% | -77.17% | -96.84% | 731.43% |
DBE Invesco DB Energy Fund | 71.26% | -2.17% | 2.96% | -12.14% | 33.77% | 57.56% | 6.43% |
Correlation
The correlation between LTCN and DBE is -0.12, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.12 |
Correlation (3Y) Balances recent behavior with more history. | 0.03 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.06 |
Correlation (All Time) Calculated using the full available price history since Aug 18, 2020 | 0.04 |
The correlation between LTCN and DBE shifts across timeframes, from -0.12 (1 year) to 0.06 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
LTCN vs. DBE — Risk / Return Rank
LTCN
DBE
LTCN vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale Litecoin Trust (LTCN) and Invesco DB Energy Fund (DBE). 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 | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.60 | ||
| Sortino ratioReturn per unit of downside risk | -3.81 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 1.28 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | -0.86 | 2.50 | -3.35 |
| Martin ratioReturn relative to average drawdown | -1.22 | 7.82 | -9.03 |
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Drawdowns
LTCN vs. DBE - Drawdown Comparison
The maximum LTCN drawdown since its inception was -99.58%, which is greater than DBE's maximum drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for LTCN and DBE.
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Drawdown Indicators
| LTCN | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.58% | -86.69% | -12.89% |
Max Drawdown (1Y)Largest decline over 1 year | -72.73% | -24.72% | -48.01% |
Max Drawdown (3Y)Largest decline over 3 years | -93.68% | -24.72% | -68.96% |
Max Drawdown (5Y)Largest decline over 5 years | -93.68% | -38.74% | -54.94% |
Max Drawdown (10Y)Largest decline over 10 years | — | -60.84% | — |
Current DrawdownCurrent decline from peak | -99.37% | -34.98% | -64.39% |
Average DrawdownAverage peak-to-trough decline | -89.84% | -57.13% | -32.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 50.94% | 7.90% | +43.04% |
Volatility
LTCN vs. DBE - Volatility Comparison
The current volatility for Grayscale Litecoin Trust (LTCN) is 10.41%, while Invesco DB Energy Fund (DBE) has a volatility of 15.07%. This indicates that LTCN experiences smaller price fluctuations and is considered to be less risky than DBE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LTCN | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.41% | 15.07% | -4.66% |
Volatility (6M)Calculated over the trailing 6-month period | 39.88% | 34.26% | +5.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 64.82% | 37.66% | +27.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 99.11% | 30.15% | +68.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 140.36% | 28.60% | +111.76% |
LTCN vs. DBE - Expense Ratio Comparison
LTCN has a 2.50% expense ratio, which is higher than DBE's 0.78% expense ratio.
Dividends
LTCN vs. DBE - Dividend Comparison
LTCN has not paid dividends to shareholders, while DBE's dividend yield for the trailing twelve months is around 2.26%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DBE Invesco DB Energy Fund | 2.26% | 3.86% | 6.32% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% |
LTCN Grayscale Litecoin Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LTCN and DBE have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBE has higher volatility (15.07%) compared to LTCN (10.41%). In terms of maximum drawdown, LTCN dropped -99.58% vs DBE's -86.69%.
On 5-year performance, DBE leads with 17.82% vs -29.58% for LTCN. On fees, DBE is cheaper at 0.78% per year. On volatility, LTCN has been the lower-risk option at 10.41%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, DBE has performed better with a 17.82% return vs -29.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DBE is cheaper with a 0.78% expense ratio, compared with 2.50% for LTCN.
DBE has the higher dividend yield at 2.26%, compared with 0.00% for LTCN.
LTCN is categorized as Cryptocurrency, while DBE is Oil & Gas. LTCN tracks CoinDesk Litecoin Price Index, while DBE tracks DBIQ Optimum Yield Energy Index. They also come from different issuers: Grayscale and Invesco. Their fees differ too: 2.50% for LTCN and 0.78% for DBE.
DBE currently has the higher Sharpe Ratio (1.64 vs -0.96), 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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