LTCN vs. IBLC
LTCN (Grayscale Litecoin Trust) and IBLC (iShares Blockchain and Tech ETF) are both Cryptocurrency funds - LTCN tracks the CoinDesk Litecoin Price Index while IBLC tracks the ICE FactSet Global Blockchain Technologies Index. Both are passively managed. Over the past 3 years, LTCN returned -11.17%/yr vs 43.25%/yr for IBLC. A 0.53 correlation means they provide meaningful diversification when combined. LTCN charges 2.50%/yr vs 0.47%/yr for IBLC.
Performance
LTCN vs. IBLC - 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 IBLC's 18.65% return.
LTCN
- 1D
- 1.01%
- 1M
- -21.36%
- YTD
- -48.59%
- 6M
- -49.66%
- 1Y
- -54.95%
- 3Y*
- -11.17%
- 5Y*
- -49.53%
- 10Y*
- —
IBLC
- 1D
- -2.35%
- 1M
- -8.46%
- YTD
- 18.65%
- 6M
- 11.31%
- 1Y
- 41.43%
- 3Y*
- 43.25%
- 5Y*
- —
- 10Y*
- —
LTCN vs. IBLC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
LTCN Grayscale Litecoin Trust | -48.59% | -54.37% | -18.79% | 650.00% | -59.96% |
IBLC iShares Blockchain and Tech ETF | 18.65% | 27.05% | 18.58% | 201.47% | -58.93% |
Correlation
The correlation between LTCN and IBLC is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2022 | 0.53 |
The correlation between LTCN and IBLC has been stable across timeframes, ranging from 0.49 to 0.53 - a consistent structural relationship.
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Return for Risk
LTCN vs. IBLC — Risk / Return Rank
LTCN
IBLC
LTCN vs. IBLC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale Litecoin Trust (LTCN) and iShares Blockchain and Tech ETF (IBLC). 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 | IBLC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.53 | ||
| Sortino ratioReturn per unit of downside risk | -2.45 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.16 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.75 | 0.93 | -1.68 |
| Martin ratioReturn relative to average drawdown | -1.19 | 1.81 | -3.00 |
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Drawdowns
LTCN vs. IBLC - Drawdown Comparison
The maximum LTCN drawdown since its inception was -99.58%, which is greater than IBLC's maximum drawdown of -62.54%. Use the drawdown chart below to compare losses from any high point for LTCN and IBLC.
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Drawdown Indicators
| LTCN | IBLC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.58% | -62.54% | -37.04% |
Max Drawdown (1Y)Largest decline over 1 year | -72.99% | -44.94% | -28.05% |
Max Drawdown (3Y)Largest decline over 3 years | -93.68% | -51.68% | -42.00% |
Max Drawdown (5Y)Largest decline over 5 years | -97.71% | — | — |
Current DrawdownCurrent decline from peak | -99.40% | -21.99% | -77.41% |
Average DrawdownAverage peak-to-trough decline | -89.67% | -25.75% | -63.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 46.26% | 22.96% | +23.30% |
Volatility
LTCN vs. IBLC - Volatility Comparison
Grayscale Litecoin Trust (LTCN) and iShares Blockchain and Tech ETF (IBLC) have volatilities of 16.44% and 17.23%, 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 | IBLC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.44% | 17.23% | -0.79% |
Volatility (6M)Calculated over the trailing 6-month period | 41.27% | 41.56% | -0.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 70.19% | 55.68% | +14.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 104.87% | 64.51% | +40.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 141.51% | 64.51% | +77.00% |
LTCN vs. IBLC - Expense Ratio Comparison
LTCN has a 2.50% expense ratio, which is higher than IBLC's 0.47% expense ratio.
Dividends
LTCN vs. IBLC - Dividend Comparison
LTCN has not paid dividends to shareholders, while IBLC's dividend yield for the trailing twelve months is around 5.28%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
IBLC iShares Blockchain and Tech ETF | 5.28% | 6.31% | 1.60% | 1.79% | 0.84% |
LTCN Grayscale Litecoin Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LTCN and IBLC have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBLC has higher volatility (17.23%) compared to LTCN (16.44%). In terms of maximum drawdown, LTCN dropped -99.58% vs IBLC's -62.54%.
On 3-year performance, IBLC leads with 43.25% vs -11.17% for LTCN. On fees, IBLC is cheaper at 0.47% per year. On volatility, LTCN has been the lower-risk option at 16.44%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, IBLC has performed better with a 43.25% return vs -11.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBLC is cheaper with a 0.47% expense ratio, compared with 2.50% for LTCN.
IBLC has the higher dividend yield at 5.28%, compared with 0.00% for LTCN.
LTCN tracks CoinDesk Litecoin Price Index, while IBLC tracks ICE FactSet Global Blockchain Technologies Index. They also come from different issuers: Grayscale and iShares. Their fees differ too: 2.50% for LTCN and 0.47% for IBLC.
IBLC currently has the higher Sharpe Ratio (0.75 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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