VAVX vs. BAVA

Last updated Jul 17, 2026

VAVX (VanEck Avalanche ETF) and BAVA (Bitwise Avalanche ETF) are both Cryptocurrency funds. VAVX is passively managed, while BAVA is actively managed. With a 1.00 correlation, they move nearly in lockstep.

Performance

VAVX vs. BAVA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Avalanche ETF (VAVX) and Bitwise Avalanche ETF (BAVA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

VAVX

• 1D: -1.48%
• 1M: -3.44%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BAVA

• 1D: -1.42%
• 1M: -3.30%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VAVX vs. BAVA - Yearly Performance Comparison

	2026 (YTD)
VAVX VanEck Avalanche ETF	-28.86%
BAVA Bitwise Avalanche ETF	-28.96%

Correlation

The correlation between VAVX and BAVA is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 15, 2026	1.00

Return for Risk

VAVX vs. BAVA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Avalanche ETF (VAVX) and Bitwise Avalanche ETF (BAVA). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

VAVX vs. BAVA - Drawdown Comparison

The maximum VAVX drawdown since its inception was -48.92%, which is greater than BAVA's maximum drawdown of -40.15%. Use the drawdown chart below to compare losses from any high point for VAVX and BAVA.

Drawdown Indicators

	VAVX	BAVA	Difference
Max Drawdown Largest peak-to-trough decline	-48.92%	-40.15%	-8.77%
Current Drawdown Current decline from peak	-44.58%	-34.95%	-9.63%
Average Drawdown Average peak-to-trough decline	-27.17%	-19.51%	-7.66%

Volatility

Volatility by Period

	VAVX	BAVA	Difference
Volatility (1Y) Calculated over the trailing 1-year period	64.68%	52.51%	+12.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	64.68%	52.51%	+12.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	64.68%	52.51%	+12.17%

Dividends

VAVX vs. BAVA - Dividend Comparison

VAVX's dividend yield for the trailing twelve months is around 1.24%, while BAVA has not paid dividends to shareholders.

Position	TTM
BAVA Bitwise Avalanche ETF	0.00%
VAVX VanEck Avalanche ETF	1.24%

Frequently Asked Questions

Can I hold both VAVX and BAVA in my portfolio?

With a correlation of 1.00, VAVX and BAVA move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF pays a higher dividend yield, VAVX or BAVA?

VAVX has the higher dividend yield at 1.24%, compared with 0.00% for BAVA.

What is the main difference between VAVX and BAVA?

They also come from different issuers: VanEck and Bitwise.