MNRS vs BAVA

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

MNRS vs BAVA - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MNRS(ETF)	BAVA(ETF)
Net Assets	$17M	$17M
Expense Ratio	0.59%	0.34%
Max Drawdown	56.94%	40.15%
Sharpe Ratio	0.68	-2.41
5Y Beta	2.43	2.21
P/E Ratio	-9.78	N/A
Forward P/E	37.62	N/A
PEG Ratio	-0.04	N/A
Debt to Equity	-124.64%	N/A
P/S Ratio	2.63	N/A
P/B Ratio	3.27	N/A

Net Assets

MNRS

$17M

Winner

BAVA

$17M

Expense Ratio

MNRS

0.59%

Winner

BAVA

0.34%

Max Drawdown

MNRS

56.94%

Winner

BAVA

40.15%

Sharpe Ratio

Winner

MNRS

0.68

BAVA

-2.41

5Y Beta

MNRS

2.43

Winner

BAVA

2.21

P/E Ratio

MNRS

-9.78

BAVA

N/A

Forward P/E

MNRS

37.62

BAVA

N/A

PEG Ratio

MNRS

-0.04

BAVA

N/A

Debt to Equity

MNRS

-124.64%

BAVA

N/A

P/S Ratio

MNRS

2.63

BAVA

N/A

P/B Ratio

MNRS

3.27

BAVA

N/A

MNRS vs BAVA - Historical Returns

Returns include dividend reinvestment.

Period	MNRS	BAVA
1 month	-22.00%	+6.29%
3 months	+9.52%	-27.53%
6 months	+3.59%	N/A
1 year	+33.24%	N/A
Max(CAGR)	+26.72%	-73.29%

MNRS

-22.00%

Winner

BAVA

+6.29%

Winner

MNRS

+9.52%

BAVA

-27.53%

MNRS

+3.59%

BAVA

N/A

MNRS

+33.24%

BAVA

N/A

Max(CAGR)

Winner

MNRS

+26.72%

BAVA

-73.29%

MNRS vs BAVA - Annual Returns (2025 - 2026)

Returns include dividend reinvestment.

Year	MNRS	BAVA
2026	+16.11%	-29.57%
2025	+12.66%	N/A

MNRS vs BAVA Drawdown Comparison

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

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

The current MNRS drawdown is -30.69%. The current BAVA drawdown is -34.74%.

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