MNRS vs QQQ
Grayscale Bitcoin Miners ETF vs Invesco QQQ Trust, Series 1
Which is better, MNRS or QQQ?
Multi Alternative against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. QQQ is less concentrated, with 46.5% of the fund in its ten largest positions against 67.3%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | MNRS | QQQ |
|---|---|---|
| Expense Ratio | 0.59% | 0.18%Best |
| AUM | $10M | $483.5B |
| Dividend Yield | 0.47% | 0.44% |
| Holdings | 27 | 107 |
| YTD Return | +11.05% | +17.11%Best |
| 1Y Return | +13.40% | +23.99%Best |
| 3Y Return (annualized) | - | +24.62% |
| 5Y Return (annualized) | - | +14.23% |
| Volatility (annualized) | 73.1% | 20.1%Best |
| Max Drawdown | -56.7% | -22.8%Best |
| $10,000 over 1.6 years | $13,530 | $13,777Best |
| Top 10 Weight | 67.3% | 46.5%Best |
| Fund Family | Grayscale | Invesco (US) |
| Category | Alternative | Equity |
| Style | Multi Alternative | Large Cap Growth |
| Inception | Jan 30, 2025 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 1.6 years row, are measured over the window both funds cover: Jan 30, 2025 to Sep 9, 2026 (1.6 years).
MNRS vs QQQ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1.6 years both funds cover.
MNRS vs QQQ Performance
Grayscale Bitcoin Miners ETF (MNRS) is an ETF from Grayscale and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year MNRS returned +13.40% while QQQ returned +23.99%. Year to date, MNRS is up 11.05% versus a gain of 17.11% for QQQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MNRS has been the more volatile fund, with annualized monthly volatility of 73.1% compared with 20.1% for QQQ. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -56.7% for MNRS and -22.8% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
MNRS charges 0.59% per year while QQQ charges 0.18%. On a $10,000 position that is $59 vs $18 annually, a gap of $41 per year that compounds over a long holding period. On income, MNRS currently yields 0.47% against 0.44% for QQQ.
Holdings Overlap
4.1% of MNRS's money is in holdings QQQ also owns. 8.4% of QQQ's money is in holdings MNRS also owns.
QQQ and MNRS share little of their money.
1 positions in common, counted across the 26 positions we hold weights for in MNRS and 102 in QQQ, against full books of 27 and 107.
What only one of them owns
Our book lists 94 positions for QQQ that do not appear in our book for MNRS (88.6% of the fund), and 19 for MNRS that do not appear in QQQ (69.8%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in MNRS | Weight in QQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 4.10% | 8.44% | 4.34% |
You are not choosing between two funds in isolation.
Whichever of MNRS and QQQ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, MNRS or QQQ?
MNRS has an expense ratio of 0.59% while QQQ charges 0.18%. QQQ is the cheaper option, by $41 a year on a $10,000 investment.
Which performed better, MNRS or QQQ?
Over the past year MNRS returned +13.40% vs +23.99% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), MNRS annualized +20.80% vs +22.17% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, MNRS or QQQ?
MNRS has been the more volatile fund at 73.1% annualized versus 20.1% for QQQ. Worst drawdown: MNRS -56.7% vs QQQ -22.8%.
Should I hold both MNRS and QQQ?
MNRS and QQQ have a monthly-return correlation of 0.85, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between MNRS and QQQ?
8.4% of QQQ's money is in holdings MNRS also owns. 8.4% of QQQ's is in holdings MNRS also owns. They hold 1 positions in common, counted across the 26 positions we hold weights for in MNRS and 102 in QQQ.
Which pays a higher dividend, MNRS or QQQ?
MNRS yields 0.47% while QQQ yields 0.44%, so MNRS currently pays the higher dividend yield.
Is QQQ better than MNRS?
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. QQQ is less concentrated, with 46.5% of the fund in its ten largest positions against 67.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.