LTCN vs. GFOF

Last updated Jun 5, 2026

LTCN (Grayscale Litecoin Trust) and GFOF (Grayscale Future of Finance ETF) are both exchange-traded funds - LTCN is a Cryptocurrency fund tracking the CoinDesk Litecoin Price Index, while GFOF is a Blockchain fund tracking the Bloomberg Grayscale Future of Finance Index. Both are passively managed. At a 0.43 correlation, their price movements are largely independent. LTCN charges 2.50%/yr vs 0.70%/yr for GFOF.

Performance

LTCN vs. GFOF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Grayscale Litecoin Trust (LTCN) and Grayscale Future of Finance ETF (GFOF). 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*: —

GFOF

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LTCN vs. GFOF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
LTCN Grayscale Litecoin Trust	-42.76%	-54.37%	-18.79%	650.00%	-61.33%
GFOF Grayscale Future of Finance ETF	0.00%	0.00%	60.08%	145.49%	-68.58%

Correlation

The correlation between LTCN and GFOF is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (All Time) Calculated using the full available price history since Feb 3, 2022	0.43

The correlation between LTCN and GFOF shifts across timeframes, from 0.33 (3 years) to 0.43 (all time), reflecting how their relationship changes across market environments.

Return for Risk

LTCN vs. GFOF — 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. GFOF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Grayscale Litecoin Trust (LTCN) and Grayscale Future of Finance ETF (GFOF). 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	GFOF	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	GFOF	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	—	—

Drawdowns

Drawdown Indicators

	LTCN	GFOF	Difference
Max Drawdown Largest peak-to-trough decline	-99.58%	—	—
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%	—	—
Average Drawdown Average peak-to-trough decline	-89.62%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	43.18%	—	—

Volatility

Volatility by Period

	LTCN	GFOF	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%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	106.66%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	141.37%	—	—

LTCN vs. GFOF - Expense Ratio Comparison

LTCN has a 2.50% expense ratio, which is higher than GFOF's 0.70% expense ratio.

Dividends

LTCN vs. GFOF - Dividend Comparison

Neither LTCN nor GFOF has paid dividends to shareholders.

Position	TTM	2025	2024	2023
GFOF Grayscale Future of Finance ETF	0.00%	0.00%	2.55%	4.08%
LTCN Grayscale Litecoin Trust	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LTCN and GFOF in my portfolio?

LTCN and GFOF have a correlation of 0.43, 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 GFOF?

On fees, GFOF is cheaper at 0.70% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LTCN or GFOF?

GFOF is cheaper with a 0.70% expense ratio, compared with 2.50% for LTCN.

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

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

What is the main difference between LTCN and GFOF?

LTCN is categorized as Cryptocurrency, while GFOF is Blockchain. LTCN tracks CoinDesk Litecoin Price Index, while GFOF tracks Bloomberg Grayscale Future of Finance Index. Their fees differ too: 2.50% for LTCN and 0.70% for GFOF.