MNRS vs VYM
Grayscale Bitcoin Miners ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 616 holdings.
Side-by-Side Comparison
| Metric | MNRS | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.59% | 0.04% | |
| AUM | $11M | $81.6B | |
| Dividend Yield | 0.47% | 2.24% | |
| Holdings | 27 | 616 | |
| YTD Return | +1.92% | +15.60% | |
| 1Y Return | +20.90% | +23.48% | |
| 3Y Return (annualized) | - | +19.07% | |
| 5Y Return (annualized) | - | +12.50% | |
| Volatility (annualized) | 74.8% | 14.6% | |
| Max Drawdown | -56.7% | -58.8% | |
| Fund Family | Grayscale | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Jan 30, 2025 | Nov 10, 2006 |
MNRS vs VYM Performance
Grayscale Bitcoin Miners ETF (MNRS) is a ETF from Grayscale and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year MNRS returned +20.90% while VYM returned +23.48%. Year to date, MNRS is up 1.92% versus a gain of 15.60% for VYM.
Risk: Volatility and Drawdowns
MNRS has been the more volatile fund, with annualized monthly volatility of 74.8% compared with 14.6% for VYM. 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 -58.8% for VYM. 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 0.41. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
MNRS charges 0.59% per year while VYM charges 0.04%. On a $10,000 position that is $59 vs $4 annually, a gap of $55 per year that compounds over a long holding period. On income, MNRS currently yields 0.47% against 2.24% for VYM.
Holdings Overlap
MNRS and VYM share 0 holdings out of 629 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, MNRS or VYM?
MNRS has an expense ratio of 0.59% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $55 per year of difference.
Which performed better, MNRS or VYM?
Over the past year MNRS returned +20.90% vs +23.48% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (2 years), MNRS annualized +15.10% vs +7.05% for VYM. Past performance does not guarantee future results.
Which is riskier, MNRS or VYM?
MNRS has been the more volatile fund at 74.8% annualized versus 14.6% for VYM. Worst drawdown: MNRS -56.7% vs VYM -58.8%.
Should I hold both MNRS and VYM?
MNRS and VYM have a monthly-return correlation of 0.41, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MNRS and VYM?
MNRS and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 629 unique securities.
Which pays a higher dividend, MNRS or VYM?
MNRS yields 0.47% while VYM yields 2.24%, so VYM currently pays the higher dividend yield.
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