BAVA vs MNRS

Comparison between Bitwise Avalanche ETF (BAVA, ETF) and GRAYSCALE BITCOIN MINERS ETF (MNRS, ETF).

BAVA vs MNRS - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	BAVA(ETF)	MNRS(ETF)
Net Assets	$17M	$17M
Expense Ratio	0.34%	0.59%
Max Drawdown	40.15%	56.94%
Sharpe Ratio	-2.73	0.68
5Y Beta	2.25	2.42
P/E Ratio	N/A	-9.85
Forward P/E	N/A	38.11
PEG Ratio	N/A	-0.04
Debt to Equity	N/A	-124.64%
P/S Ratio	N/A	2.63
P/B Ratio	N/A	3.29

Net Assets

Winner

BAVA

$17M

MNRS

$17M

Expense Ratio

Winner

BAVA

0.34%

MNRS

0.59%

Max Drawdown

Winner

BAVA

40.15%

MNRS

56.94%

Sharpe Ratio

BAVA

-2.73

Winner

MNRS

0.68

5Y Beta

Winner

BAVA

2.25

MNRS

2.42

P/E Ratio

BAVA

N/A

MNRS

-9.85

Forward P/E

BAVA

N/A

MNRS

38.11

PEG Ratio

BAVA

N/A

MNRS

-0.04

Debt to Equity

BAVA

N/A

MNRS

-124.64%

P/S Ratio

BAVA

N/A

MNRS

2.63

P/B Ratio

BAVA

N/A

MNRS

3.29

BAVA vs MNRS - Historical Returns

Returns include dividend reinvestment.

Period	BAVA	MNRS
1 month	-0.66%	-19.85%
3 months	-31.91%	+4.68%
6 months	N/A	+1.65%
1 year	N/A	+33.16%
Max(CAGR)	-77.52%	+27.75%

Winner

BAVA

-0.66%

MNRS

-19.85%

BAVA

-31.91%

Winner

MNRS

+4.68%

BAVA

N/A

MNRS

+1.65%

BAVA

N/A

MNRS

+33.16%

Max(CAGR)

BAVA

-77.52%

Winner

MNRS

+27.75%

BAVA vs MNRS - Annual Returns (2025 - 2026)

Returns include dividend reinvestment.

Year	BAVA	MNRS
2026	-33.27%	+17.65%
2025	N/A	+12.66%

BAVA vs MNRS Drawdown Comparison

The maximum drawdown for BAVA was -40.15%, occurring on Jun 25, 2026. This drawdown has not yet recovered.

The maximum drawdown for MNRS was -56.70%, occurring on Mar 30, 2026. This drawdown has not yet recovered.

The current BAVA drawdown is -38.17%. The current MNRS drawdown is -29.77%.

Rank	BAVA	MNRS
#1	-40.15% May 11, 2026 - Jun 25, 2026	-56.70% Oct 15, 2025 - Mar 30, 2026
#2	-8.30% Apr 16, 2026 - May 8, 2026	-45.35% Feb 14, 2025 - Jul 2, 2025
#3	N/A	-15.21% Jul 22, 2025 - Aug 26, 2025
#4	N/A	-7.55% Sep 24, 2025 - Sep 29, 2025
#5	N/A	-6.17% Sep 2, 2025 - Sep 9, 2025
#6	N/A	-5.45% Oct 9, 2025 - Oct 13, 2025
#7	N/A	-5.30% Jan 30, 2025 - Feb 14, 2025
#8	N/A	-5.21% Jul 3, 2025 - Jul 16, 2025
#9	N/A	-2.79% Sep 22, 2025 - Sep 24, 2025
#10	N/A	-2.05% Jul 17, 2025 - Jul 22, 2025
#11	N/A	-0.39% Sep 29, 2025 - Oct 1, 2025
#12	N/A	-0.11% Sep 18, 2025 - Sep 22, 2025