LTCN vs. GAVA
LTCN (Grayscale Litecoin Trust) and GAVA (Grayscale Avalanche Staking ETF) are both Cryptocurrency funds from Grayscale. LTCN is passively managed, while GAVA is actively managed. A 0.76 correlation means they provide meaningful diversification when combined. LTCN charges 2.50%/yr vs 0.35%/yr for GAVA.
Performance
LTCN vs. GAVA - Performance Comparison
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Returns By Period
LTCN
- 1D
- 1.01%
- 1M
- -21.36%
- YTD
- -48.59%
- 6M
- -49.66%
- 1Y
- -54.95%
- 3Y*
- -11.17%
- 5Y*
- -49.53%
- 10Y*
- —
GAVA
- 1D
- -0.52%
- 1M
- -33.35%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LTCN vs. GAVA - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
LTCN Grayscale Litecoin Trust | -28.60% |
GAVA Grayscale Avalanche Staking ETF | -36.12% |
Correlation
The correlation between LTCN and GAVA is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Mar 12, 2026 | 0.76 |
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Return for Risk
LTCN vs. GAVA — Risk / Return Rank
LTCN
GAVA
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
LTCN vs. GAVA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale Litecoin Trust (LTCN) and Grayscale Avalanche Staking ETF (GAVA). 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 | GAVA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.87 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.75 | — | — |
| Martin ratioReturn relative to average drawdown | -1.19 | — | — |
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Drawdowns
LTCN vs. GAVA - Drawdown Comparison
The maximum LTCN drawdown since its inception was -99.58%, which is greater than GAVA's maximum drawdown of -40.42%. Use the drawdown chart below to compare losses from any high point for LTCN and GAVA.
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Drawdown Indicators
| LTCN | GAVA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.58% | -40.42% | -59.16% |
Max Drawdown (1Y)Largest decline over 1 year | -72.99% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -93.68% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -97.71% | — | — |
Current DrawdownCurrent decline from peak | -99.40% | -40.42% | -58.98% |
Average DrawdownAverage peak-to-trough decline | -89.67% | -14.32% | -75.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 46.26% | — | — |
Volatility
LTCN vs. GAVA - Volatility Comparison
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Volatility by Period
| LTCN | GAVA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.44% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 41.27% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 70.19% | 53.69% | +16.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 104.87% | 53.69% | +51.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 141.51% | 53.69% | +87.82% |
LTCN vs. GAVA - Expense Ratio Comparison
LTCN has a 2.50% expense ratio, which is higher than GAVA's 0.35% expense ratio.
Dividends
LTCN vs. GAVA - Dividend Comparison
Neither LTCN nor GAVA has paid dividends to shareholders.
Frequently Asked Questions
LTCN and GAVA 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.
On fees, GAVA is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GAVA is cheaper with a 0.35% expense ratio, compared with 2.50% for LTCN.
LTCN and GAVA have nearly identical dividend yields, around 0.00%.
Their fees differ too: 2.50% for LTCN and 0.35% for GAVA.
Find the right allocation for LTCN and GAVA
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