MNRS vs VOO
Grayscale Bitcoin Miners ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | MNRS | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.59% | 0.03% | |
| AUM | $11M | $997.4B | |
| Dividend Yield | 0.47% | 1.08% | |
| Holdings | 27 | 509 | |
| YTD Return | +0.43% | +12.95% | |
| 1Y Return | +13.57% | +20.69% | |
| 3Y Return (annualized) | - | +22.09% | |
| 5Y Return (annualized) | - | +13.40% | |
| Volatility (annualized) | 74.9% | 14.1% | |
| Max Drawdown | -56.7% | -34.3% | |
| Fund Family | Grayscale | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Jan 30, 2025 | Sep 7, 2010 |
MNRS vs VOO Performance
Grayscale Bitcoin Miners ETF (MNRS) is a ETF from Grayscale and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year MNRS returned +13.57% while VOO returned +20.69%. Year to date, MNRS is up 0.43% versus a gain of 12.95% for VOO.
Risk: Volatility and Drawdowns
MNRS has been the more volatile fund, with annualized monthly volatility of 74.9% compared with 14.1% for VOO. 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 -34.3% for VOO. 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 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
MNRS charges 0.59% per year while VOO charges 0.03%. On a $10,000 position that is $59 vs $3 annually, a gap of $56 per year that compounds over a long holding period. On income, MNRS currently yields 0.47% against 1.08% for VOO.
Holdings Overlap
Frequently Asked Questions
Which is cheaper, MNRS or VOO?
MNRS has an expense ratio of 0.59% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $56 per year of difference.
Which performed better, MNRS or VOO?
Over the past year MNRS returned +13.57% vs +20.69% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (2 years), MNRS annualized +14.04% vs +13.50% for VOO. Past performance does not guarantee future results.
Which is riskier, MNRS or VOO?
MNRS has been the more volatile fund at 74.9% annualized versus 14.1% for VOO. Worst drawdown: MNRS -56.7% vs VOO -34.3%.
Should I hold both MNRS and VOO?
MNRS and VOO have a monthly-return correlation of 0.81, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MNRS and VOO?
MNRS and VOO share 2 common holdings with a 4.2% weight overlap. Combined, they hold 529 unique securities.
Which pays a higher dividend, MNRS or VOO?
MNRS yields 0.47% while VOO yields 1.08%, so VOO currently pays the higher dividend yield.
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