Grayscale Chainlink Trust ETF (GLNK) Performance
GLNK total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −3.2% since Dec 31, 2025
- 1 year
- −63.5% total return
- 3 years
- −19.9% a year
- Since first price
- +6.7% a year since 2022
GLNK trailing returns vs SPY, QQQ, AGG
| Period | GLNK total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −3.0% | −3.0% | −1.0% | −5.0% | +0.9% |
| 3 months | +40.7% | +40.7% | +3.2% | +1.9% | −0.4% |
| 6 months | +28.2% | +28.2% | +7.8% | +8.4% | −1.5% |
| YTD | −3.2% | −3.2% | +12.3% | +15.1% | −1.0% |
| 1 year | −63.5% | −63.5% | +14.4% | +15.9% | −1.1% |
| 3 years | −48.6%−19.9%/yr | −48.6% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionMay 19, 2022 | +33.5%+6.7%/yr | +33.5% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: GLNK vs SPY
From May 19, 2022: GLNK grew to $13,354, SPY to $20,726.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
GLNK returns by calendar year
2 of 3 full years positive. Best 2023 (+840.1%), worst 2025 (−87.1%). 2026 is year to date.
GLNK annual returns table
| Year | GLNK | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −3.2% | −49.9% | +12.3% | +15.1% | −1.0% |
| 2025 | −87.1% | −91.6% | +17.7% | +20.8% | +7.2% |
| 2024 | +38.5% | −82.3% | +24.9% | +25.6% | +1.3% |
| 2023 | +840.1% | −42.9% | +26.2% | +54.9% | +5.7% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
GLNK largest drawdowns
Now 93.8% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Mar 11, 2024 | −96.3% | Jun 25, 2026 | not yet | 2.3 years | 2.6 years so far |
| Aug 10, 2022 | −76.0% | Dec 28, 2022 | Jul 3, 2023 | 5 months | 11 months |
| Jun 3, 2022 | −53.8% | Jun 6, 2022 | Aug 2, 2022 | 3 days | 2 months |
| Jan 10, 2024 | −48.7% | Jan 23, 2024 | Feb 12, 2024 | 13 days | 33 days |
| Jul 3, 2023 | −40.5% | Jul 24, 2023 | Oct 26, 2023 | 21 days | 4 months |
| Nov 13, 2023 | −32.5% | Nov 15, 2023 | Dec 8, 2023 | 2 days | 25 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
GLNK risk statistics
| Statistic | 3 years | Since 2022 |
|---|---|---|
| Annualized return | −6.1% | +0.8% |
| Volatility (annualized) | 161.1% | 152.7% |
| Sharpe ratio | 0.58 | 0.59 |
| Sortino ratio | 1.21 | 1.24 |
| Best month | +157.7% | +157.7% |
| Worst month | −57.1% | −57.1% |
| Best 12 months | +272.2% | +1,400.8% |
| Worst 12 months | −89.8% | −89.8% |
| Positive months | 53% | 56% |
| Beta vs S&P 500 | 4.89 | — |
| Correlation with S&P 500 | 0.38 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
GLNK rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 42 | −89.8% | −11.4% | +1,400.8% | 48% |
| 3-year (a year) | 18 | −31.5% | +3.0% | +55.6% | 50% |
Every holding period starting at a month-end since 2022. Returns for 3 years and longer are annualized.
GLNK performance overview
Grayscale Chainlink Trust ETF (GLNK) returned −63.5% over the past year, with distributions reinvested. Since its first recorded price in 2022 it has returned +6.7% a year, turning $10,000 into about $13,354. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −96.3%, from Mar 11, 2024 to Jun 25, 2026; the fund has not yet regained that high. GLNK finished 2 of its 3 full calendar years with a gain; the best year was 2023 (+840.1%) and the worst 2025 (−87.1%). Volatility has been 152.7% a year.
Related: GLNK chart. See the GLNK overview for the latest quote and fund facts.
GLNK performance FAQ
What is the GLNK return over the past year?
GLNK returned −63.5% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 63.5%.
How much would $10,000 invested in GLNK be worth?
$10,000 invested in GLNK at its first recorded close on May 19, 2022 would be worth about $13,354 on October 23, 2026 with distributions reinvested.
What was the worst year for GLNK?
The worst calendar year was 2025, with a total return of −87.1%. The best was 2023 at +840.1%.
What is the biggest drawdown of GLNK?
The largest peak-to-trough decline was −96.3% between March 11, 2024 and June 25, 2026. It has not yet recovered to that high; it is 93.8% below its peak.
How volatile is GLNK?
Over the past 3 years GLNK had an annualized volatility of 161.1% and a Sharpe ratio of 0.58 (excess return over 1–3 month T-bills per unit of risk).