LTCN vs. LTC-USD
LTCN (Grayscale Litecoin Trust) is Cryptocurrency fund tracking the CoinDesk Litecoin Price Index, while LTC-USD (Litecoin) is a cryptocurrency. Over the past 5 years, LTCN returned -50.51%/yr vs -20.68%/yr for LTC-USD. At a 0.42 correlation, their price movements are largely independent.
Performance
LTCN vs. LTC-USD - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with LTCN having a -46.57% return and LTC-USD slightly higher at -44.94%.
LTCN
- 1D
- -5.87%
- 1M
- -20.86%
- YTD
- -46.57%
- 6M
- -48.46%
- 1Y
- -51.64%
- 3Y*
- -10.51%
- 5Y*
- -50.51%
- 10Y*
- —
LTC-USD
- 1D
- -5.10%
- 1M
- -19.78%
- YTD
- -44.94%
- 6M
- -45.09%
- 1Y
- -50.27%
- 3Y*
- -22.22%
- 5Y*
- -20.68%
- 10Y*
- 25.87%
LTCN vs. LTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
LTCN Grayscale Litecoin Trust | -46.57% | -54.37% | -18.79% | 650.00% | -77.17% | -96.84% | 731.43% |
LTC-USD Litecoin | -44.94% | -25.56% | 41.56% | 3.88% | -52.04% | 17.47% | 84.86% |
Correlation
The correlation between LTCN and LTC-USD is 0.58, 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 | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Aug 18, 2020 | 0.42 |
The correlation between LTCN and LTC-USD shifts across timeframes, from 0.42 (all time) to 0.58 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
LTCN vs. LTC-USD — Risk / Return Rank
LTCN
LTC-USD
LTCN vs. LTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale Litecoin Trust (LTCN) and Litecoin (LTC-USD). 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 | LTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 0.89 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | -0.72 | -0.74 | +0.01 |
| Martin ratioReturn relative to average drawdown | -1.13 | -1.18 | +0.05 |
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Drawdowns
LTCN vs. LTC-USD - Drawdown Comparison
The maximum LTCN drawdown since its inception was -99.58%, roughly equal to the maximum LTC-USD drawdown of -97.59%. Use the drawdown chart below to compare losses from any high point for LTCN and LTC-USD.
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Drawdown Indicators
| LTCN | LTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.58% | -97.59% | -1.99% |
Max Drawdown (1Y)Largest decline over 1 year | -71.90% | -68.39% | -3.51% |
Max Drawdown (3Y)Largest decline over 3 years | -93.43% | -69.81% | -23.62% |
Max Drawdown (5Y)Largest decline over 5 years | -97.71% | -85.18% | -12.53% |
Max Drawdown (10Y)Largest decline over 10 years | — | -93.64% | — |
Current DrawdownCurrent decline from peak | -99.38% | -89.12% | -10.26% |
Average DrawdownAverage peak-to-trough decline | -89.66% | -75.67% | -13.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 45.80% | 42.39% | +3.41% |
Volatility
LTCN vs. LTC-USD - Volatility Comparison
Grayscale Litecoin Trust (LTCN) has a higher volatility of 15.99% compared to Litecoin (LTC-USD) at 14.16%. This indicates that LTCN's price experiences larger fluctuations and is considered to be riskier than LTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LTCN | LTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.99% | 14.16% | +1.83% |
Volatility (6M)Calculated over the trailing 6-month period | 41.37% | 36.35% | +5.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 70.10% | 53.02% | +17.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 105.29% | 63.97% | +41.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 141.59% | 85.37% | +56.22% |
Frequently Asked Questions
LTCN and LTC-USD have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LTCN has higher volatility (15.99%) compared to LTC-USD (14.16%). In terms of maximum drawdown, LTCN dropped -99.58% vs LTC-USD's -97.59%.
LTCN currently has the higher Sharpe Ratio (-0.74 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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