LTCN vs. GAVA

Last updated Jun 5, 2026

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 0.80 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

The chart below illustrates the hypothetical performance of a $10,000 investment in Grayscale Litecoin Trust (LTCN) and Grayscale Avalanche Staking ETF (GAVA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

LTCN

• 1D: -0.64%
• 1M: -19.52%
• YTD: -42.76%
• 6M: -51.38%
• 1Y: -52.40%
• 3Y*: -6.83%
• 5Y*: -59.10%
• 10Y*: —

GAVA

• 1D: -3.30%
• 1M: -17.27%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

LTCN vs. GAVA - Yearly Performance Comparison

	2026 (YTD)
LTCN Grayscale Litecoin Trust	-19.32%
GAVA Grayscale Avalanche Staking ETF	-18.74%

Correlation

The correlation between LTCN and GAVA is 0.80, 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 13, 2026	0.80

Return for Risk

LTCN vs. GAVA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LTCN

LTCN Risk / Return Rank: 3
LTCN Sharpe Ratio Rank: 3
LTCN Sortino Ratio Rank: 3
LTCN Omega Ratio Rank: 3
LTCN Calmar Ratio Rank: 3
LTCN Martin Ratio Rank: 3

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

	LTCN	GAVA	Difference
Sharpe ratio: Return per unit of total volatility	-0.75	—	—
Sortino ratio: Return per unit of downside risk	-1.03	—	—
Omega ratio: Gain probability vs. loss probability	0.88	—	—
Calmar ratio: Return relative to maximum drawdown	-0.75	—	—
Martin ratio: Return relative to average drawdown	-1.21	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	LTCN	GAVA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.75	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.56	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.20	-1.21	+1.01

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 -24.10%. Use the drawdown chart below to compare losses from any high point for LTCN and GAVA.

Drawdown Indicators

	LTCN	GAVA	Difference
Max Drawdown Largest peak-to-trough decline	-99.58%	-24.10%	-75.48%
Max Drawdown (1Y) Largest decline over 1 year	-69.62%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-92.89%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-99.28%	—	—
Current Drawdown Current decline from peak	-99.33%	-24.10%	-75.23%
Average Drawdown Average peak-to-trough decline	-89.62%	-9.29%	-80.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	43.18%	—	—

Volatility

Volatility by Period

	LTCN	GAVA	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.32%	—	—
Volatility (6M) Calculated over the trailing 6-month period	41.08%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	69.66%	49.58%	+20.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	106.66%	49.58%	+57.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	141.37%	49.58%	+91.79%

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.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both LTCN and GAVA in my portfolio?

LTCN and GAVA have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LTCN or GAVA?

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.

Which ETF is cheaper, LTCN or GAVA?

GAVA is cheaper with a 0.35% expense ratio, compared with 2.50% for LTCN.

Which ETF pays a higher dividend yield, LTCN or GAVA?

LTCN and GAVA have nearly identical dividend yields, around 0.00%.

What is the main difference between LTCN and GAVA?

Their fees differ too: 2.50% for LTCN and 0.35% for GAVA.