MARB vs BAVA

Comparison between FIRST TRUST MERGER ARBITRAGE ETF (MARB, ETF) and Bitwise Avalanche ETF (BAVA, ETF).

MARB vs BAVA - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MARB(ETF)	BAVA(ETF)
Net Assets	$16M	$16M
Expense Ratio	0.95%	0.34%
Max Drawdown	11.99%	40.15%
Sharpe Ratio	0.10	-1.06
5Y Beta	0.03	1.96

Net Assets

MARB

$16M

Winner

BAVA

$16M

Expense Ratio

MARB

0.95%

Winner

BAVA

0.34%

Max Drawdown

Winner

MARB

11.99%

BAVA

40.15%

Sharpe Ratio

Winner

MARB

0.10

BAVA

-1.06

5Y Beta

Winner

MARB

0.03

BAVA

1.96

MARB vs BAVA - Historical Returns

Returns include dividend reinvestment.

Period	MARB	BAVA
1 month	+0.00%	+20.00%
3 months	+0.54%	-17.79%
6 months	+1.50%	N/A
1 year	+4.24%	N/A
5 years(CAGR)	+3.14%	N/A
Max(CAGR)	+2.02%	-46.78%

MARB

+0.00%

Winner

BAVA

+20.00%

Winner

MARB

+0.54%

BAVA

-17.79%

MARB

+1.50%

BAVA

N/A

MARB

+4.24%

BAVA

N/A

5Y(CAGR)

MARB

+3.14%

BAVA

N/A

Max(CAGR)

Winner

MARB

+2.02%

BAVA

-46.78%

MARB vs BAVA - Annual Returns (2020 - 2026)

Returns include dividend reinvestment.

Year	MARB	BAVA
2026	+1.96%	-20.38%
2025	+7.15%	N/A
2024	+0.87%	N/A
2023	+2.02%	N/A
2022	+4.08%	N/A
2021	+0.32%	N/A
2020	-2.35%	N/A

MARB vs BAVA Drawdown Comparison

The maximum drawdown for MARB was -11.99%, occurring on Mar 18, 2020. Recovery took 545 trading sessions.

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

The current BAVA drawdown is -26.22%.

Rank	MARB	BAVA
#1	-11.99% Feb 21, 2020 - Apr 20, 2022	-40.15% May 11, 2026 - Jun 25, 2026
#2	-3.67% Dec 21, 2023 - Dec 24, 2024	-8.30% Apr 16, 2026 - May 8, 2026
#3	-3.45% Feb 23, 2023 - Aug 28, 2023	N/A
#4	-3.19% Apr 20, 2022 - Aug 10, 2022	N/A
#5	-2.43% Jul 14, 2025 - Jul 22, 2025	N/A
#6	-1.80% Feb 28, 2025 - Apr 28, 2025	N/A
#7	-1.71% Nov 1, 2022 - Feb 22, 2023	N/A
#8	-1.28% Sep 13, 2022 - Oct 24, 2022	N/A
#9	-1.23% Oct 30, 2025 - Nov 7, 2025	N/A
#10	-1.15% Jan 24, 2025 - Feb 13, 2025	N/A
#11	-1.14% Oct 17, 2023 - Dec 8, 2023	N/A
#12	-1.01% Apr 6, 2026 - Apr 9, 2026	N/A
#13	-0.91% Aug 21, 2025 - Oct 2, 2025	N/A
#14	-0.82% Jan 23, 2026 - Apr 1, 2026	N/A
#15	-0.79% Nov 7, 2025 - Nov 11, 2025	N/A

Correlation

Correlation between MARB and BAVA is -0.94 which considered as a very strong negative correlation - the stocks move almost identically in opposite directions.

-0.94

-101