LTCN vs. FLMI
LTCN (Grayscale Litecoin Trust) and FLMI (Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF) are both exchange-traded funds - LTCN is a Cryptocurrency fund tracking the CoinDesk Litecoin Price Index, while FLMI is a Municipal Bonds fund actively managed by Franklin Templeton. LTCN is passively managed, while FLMI is actively managed. Over the past 5 years, LTCN returned -49.53%/yr vs 2.22%/yr for FLMI. At a 0.01 correlation, their price movements are largely independent. LTCN charges 2.50%/yr vs 0.30%/yr for FLMI.
Performance
LTCN vs. FLMI - Performance Comparison
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Returns By Period
In the year-to-date period, LTCN achieves a -48.59% return, which is significantly lower than FLMI's 2.68% return.
LTCN
- 1D
- 1.01%
- 1M
- -21.36%
- YTD
- -48.59%
- 6M
- -49.66%
- 1Y
- -54.95%
- 3Y*
- -11.17%
- 5Y*
- -49.53%
- 10Y*
- —
FLMI
- 1D
- 0.08%
- 1M
- 1.18%
- YTD
- 2.68%
- 6M
- 2.82%
- 1Y
- 7.99%
- 3Y*
- 5.79%
- 5Y*
- 2.22%
- 10Y*
- —
LTCN vs. FLMI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
LTCN Grayscale Litecoin Trust | -48.59% | -54.37% | -18.79% | 650.00% | -77.17% | -96.84% | 731.43% |
FLMI Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF | 2.68% | 5.89% | 4.91% | 7.89% | -10.23% | 4.06% | 3.20% |
Correlation
The correlation between LTCN and FLMI is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Aug 18, 2020 | 0.01 |
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Return for Risk
LTCN vs. FLMI — Risk / Return Rank
LTCN
FLMI
LTCN vs. FLMI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale Litecoin Trust (LTCN) and Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF (FLMI). 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 | FLMI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.52 | ||
| Sortino ratioReturn per unit of downside risk | -5.29 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.62 | -0.75 |
| Calmar ratioReturn relative to maximum drawdown | -0.75 | 2.77 | -3.53 |
| Martin ratioReturn relative to average drawdown | -1.19 | 9.96 | -11.15 |
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Drawdowns
LTCN vs. FLMI - Drawdown Comparison
The maximum LTCN drawdown since its inception was -99.58%, which is greater than FLMI's maximum drawdown of -14.66%. Use the drawdown chart below to compare losses from any high point for LTCN and FLMI.
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Drawdown Indicators
| LTCN | FLMI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.58% | -14.66% | -84.92% |
Max Drawdown (1Y)Largest decline over 1 year | -72.99% | -2.90% | -70.09% |
Max Drawdown (3Y)Largest decline over 3 years | -93.68% | -5.31% | -88.37% |
Max Drawdown (5Y)Largest decline over 5 years | -97.71% | -14.66% | -83.05% |
Current DrawdownCurrent decline from peak | -99.40% | 0.00% | -99.40% |
Average DrawdownAverage peak-to-trough decline | -89.67% | -2.80% | -86.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 46.26% | 0.80% | +45.46% |
Volatility
LTCN vs. FLMI - Volatility Comparison
Grayscale Litecoin Trust (LTCN) has a higher volatility of 16.44% compared to Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF (FLMI) at 0.54%. This indicates that LTCN's price experiences larger fluctuations and is considered to be riskier than FLMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LTCN | FLMI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.44% | 0.54% | +15.90% |
Volatility (6M)Calculated over the trailing 6-month period | 41.27% | 2.06% | +39.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 70.19% | 2.93% | +67.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 104.87% | 4.43% | +100.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 141.51% | 4.71% | +136.80% |
LTCN vs. FLMI - Expense Ratio Comparison
LTCN has a 2.50% expense ratio, which is higher than FLMI's 0.30% expense ratio.
Dividends
LTCN vs. FLMI - Dividend Comparison
LTCN has not paid dividends to shareholders, while FLMI's dividend yield for the trailing twelve months is around 3.86%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FLMI Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF | 3.86% | 3.89% | 4.08% | 3.71% | 3.08% | 2.22% | 2.09% | 2.71% | 2.41% | 0.34% |
LTCN Grayscale Litecoin Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LTCN and FLMI have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LTCN has higher volatility (16.44%) compared to FLMI (0.54%). In terms of maximum drawdown, LTCN dropped -99.58% vs FLMI's -14.66%.
On 5-year performance, FLMI leads with 2.22% vs -49.53% for LTCN. On fees, FLMI is cheaper at 0.30% per year. On volatility, FLMI has been the lower-risk option at 0.54%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FLMI has performed better with a 2.22% return vs -49.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FLMI is cheaper with a 0.30% expense ratio, compared with 2.50% for LTCN.
FLMI has the higher dividend yield at 3.86%, compared with 0.00% for LTCN.
LTCN is categorized as Cryptocurrency, while FLMI is Municipal Bonds. They also come from different issuers: Grayscale and Franklin Templeton. Their fees differ too: 2.50% for LTCN and 0.30% for FLMI.
FLMI currently has the higher Sharpe Ratio (2.74 vs -0.79), 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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