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 -59.05%/yr vs 19.66%/yr for DBE. At a 0.05 correlation, their price movements are largely independent. 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 -42.39% return, which is significantly lower than DBE's 83.68% return.
LTCN
- 1D
- -1.54%
- 1M
- -18.21%
- YTD
- -42.39%
- 6M
- -51.98%
- 1Y
- -51.98%
- 3Y*
- -8.44%
- 5Y*
- -59.05%
- 10Y*
- —
DBE
- 1D
- 2.33%
- 1M
- -5.45%
- YTD
- 83.68%
- 6M
- 74.95%
- 1Y
- 84.41%
- 3Y*
- 23.42%
- 5Y*
- 19.66%
- 10Y*
- 12.03%
LTCN vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
LTCN Grayscale Litecoin Trust | -42.39% | -54.37% | -18.79% | 650.00% | -77.17% | -96.84% | 1,165.22% |
DBE Invesco DB Energy Fund | 83.68% | -2.17% | 2.96% | -12.14% | 33.77% | 57.56% | 6.27% |
Correlation
The correlation between LTCN and DBE is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Aug 19, 2020 | 0.05 |
The correlation between LTCN and DBE shifts across timeframes, from -0.13 (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.
| LTCN | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.18 | ||
| Sortino ratioReturn per unit of downside risk | -3.97 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.40 | -0.51 |
| Calmar ratioReturn relative to maximum drawdown | -0.75 | 5.89 | -6.64 |
| Martin ratioReturn relative to average drawdown | -1.21 | 11.53 | -12.74 |
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 | DBE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.75 | 2.43 | -3.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.56 | 0.67 | -1.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.43 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.20 | 0.09 | -0.30 |
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 | -69.43% | -14.41% | -55.02% |
Max Drawdown (3Y)Largest decline over 3 years | -92.85% | -23.89% | -68.96% |
Max Drawdown (5Y)Largest decline over 5 years | -99.28% | -38.74% | -60.54% |
Max Drawdown (10Y)Largest decline over 10 years | — | -60.84% | — |
Current DrawdownCurrent decline from peak | -99.33% | -30.27% | -69.06% |
Average DrawdownAverage peak-to-trough decline | -89.61% | -57.31% | -32.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 42.95% | 7.35% | +35.60% |
Volatility
LTCN vs. DBE - Volatility Comparison
Grayscale Litecoin Trust (LTCN) and Invesco DB Energy Fund (DBE) have volatilities of 12.48% and 12.95%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. 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 | 12.48% | 12.95% | -0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 41.84% | 30.86% | +10.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 69.70% | 34.97% | +34.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 106.73% | 29.39% | +77.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 141.42% | 28.33% | +113.09% |
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 2.10%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DBE Invesco DB Energy Fund | 2.10% | 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 -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBE has higher volatility (12.95%) compared to LTCN (12.48%). In terms of maximum drawdown, LTCN dropped -99.58% vs DBE's -86.69%.
On 5-year performance, DBE leads with 19.66% vs -59.05% for LTCN. On fees, DBE is cheaper at 0.78% per year. On volatility, LTCN has been the lower-risk option at 12.48%. 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 19.66% return vs -59.05%. 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 2.10%, 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 (2.43 vs -0.75), 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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