MNRS vs QQQ
Grayscale Bitcoin Miners ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | MNRS | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.59% | 0.18% | |
| AUM | $11M | $496.3B | |
| Dividend Yield | 0.47% | 0.44% | |
| Holdings | 27 | 108 | |
| YTD Return | +5.84% | +19.52% | |
| 1Y Return | +23.48% | +26.68% | |
| 3Y Return (annualized) | - | +26.64% | |
| 5Y Return (annualized) | - | +15.36% | |
| Volatility (annualized) | 74.6% | 30.6% | |
| Max Drawdown | -56.7% | -83.0% | |
| Fund Family | Grayscale | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Jan 30, 2025 | Mar 10, 1999 |
MNRS vs QQQ Performance
Grayscale Bitcoin Miners ETF (MNRS) is a ETF from Grayscale and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year MNRS returned +23.48% while QQQ returned +26.68%. Year to date, MNRS is up 5.84% versus a gain of 19.52% for QQQ.
Risk: Volatility and Drawdowns
MNRS has been the more volatile fund, with annualized monthly volatility of 74.6% compared with 30.6% 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 -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.86. 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
MNRS and QQQ share 1 holdings out of 127 unique holdings combined, representing a 4.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in MNRS | Weight in QQQ | Difference |
|---|---|---|---|
| NVDA | 4.10% | 8.44% | 4.34% |
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. On a $10,000 investment, that is $41 per year of difference.
Which performed better, MNRS or QQQ?
Over the past year MNRS returned +23.48% vs +26.68% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), MNRS annualized +18.11% vs +13.14% for QQQ. Past performance does not guarantee future results.
Which is riskier, MNRS or QQQ?
MNRS has been the more volatile fund at 74.6% annualized versus 30.6% for QQQ. Worst drawdown: MNRS -56.7% vs QQQ -83.0%.
Should I hold both MNRS and QQQ?
MNRS and QQQ have a monthly-return correlation of 0.86, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MNRS and QQQ?
MNRS and QQQ share 1 common holdings with a 4.1% weight overlap. Combined, they hold 127 unique securities.
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.
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