MNRS vs EQLT
Comparison between GRAYSCALE BITCOIN MINERS ETF (MNRS, ETF) and ISHARES MSCI EMERGING MARKETS QUALITY FACTOR ETF (EQLT, ETF).
MNRS vs EQLT - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
MNRS
$12M
EQLT
$12M
Expense Ratio
MNRS
0.59%
Winner
EQLT
0.35%
Max Drawdown
MNRS
56.94%
Winner
EQLT
17.78%
Sharpe Ratio
MNRS
1.20
Winner
EQLT
1.85
5Y Beta
MNRS
2.43
Winner
EQLT
0.82
P/E Ratio
MNRS
-13.04
EQLT
N/A
Forward P/E
MNRS
42.69
EQLT
N/A
Debt to Equity
MNRS
-127.07%
EQLT
N/A
P/S Ratio
MNRS
6.10
EQLT
N/A
P/B Ratio
MNRS
4.14
EQLT
N/A
MNRS vs EQLT - Holdings Comparison
MNRS and EQLT have 1 common holdings. Overlap is -1.96%
MNRS's top 25 holdings weight is 99.95%. EQLT's top 25 holdings weight is 62.36%.
| Rank | MNRS | EQLT |
|---|---|---|
| #1 | APPLIED DIGITAL CORP (APLD) - 13.31% | SK HYNIX INC (n/a) - 11.89% |
| #2 | HUT 8 CORP (HUT) - 13.09% | SAMSUNG ELECTRONICS CO LTD (n/a) - 10.50% |
| #3 | IREN LTD (IREN) - 13.09% | ACCTON TECHNOLOGY CORP (n/a) - 5.13% |
| #4 | KEEL INFRASTRUCTURE CORP (n/a) - 5.81% | ASPEED TECHNOLOGY INC (n/a) - 4.61% |
| #5 | HIVE DIGITAL TECHNOLOGIES LTD (HIVE) - 5.11% | ASIA VITAL COMPONENTS CO LTD (n/a) - 3.96% |
| #6 | RIOT PLATFORMS INC (RIOT) - 4.75% | n/a (n/a) - 3.15% |
| #7 | BITDEER TECHNOLOGIES GROUP ORDINARY SHARES CLASS A (BTDR) - 4.58% | WIWYNN CORP ORDINARY SHARES (n/a) - 2.87% |
| #8 | CLEANSPARK INC (CLSK) - 4.49% | TENCENT HOLDINGS LTD (n/a) - 2.62% |
| #9 | MARA HOLDINGS INC (MARA) - 4.19% | SAR/USD PURCHASED (n/a) - 1.95% |
| #10 | CORE SCIENTIFIC INC ORDINARY SHARES NEW (CORZ) - 4.16% | GLOBAL UNICHIP CORP (n/a) - 1.33% |
| #11 | TERAWULF INC (WULF) - 4.07% | ICICI BANK LTD (n/a) - 1.28% |
| #12 | CIPHER DIGITAL INC (CIFR) - 4.04% | SAUDI ARABIAN OIL CO (n/a) - 1.25% |
| #13 | BIT DIGITAL INC ORDINARY SHARES (BTBT) - 3.31% | PDD HOLDINGS INC ADR (PDD) - 1.25% |
| #14 | DIGI POWER X INC ORDINARY SHARES SUB VOTING (n/a) - 3.09% | AL RAJHI BANK (n/a) - 1.11% |
| #15 | NORTHERN DATA AG (n/a) - 3.08% | VALE SA (n/a) - 1.04% |
| #16 | NVIDIA CORP (NVDA) - 2.26% | RELIANCE INDUSTRIES LTD (n/a) - 1.03% |
| #17 | BLOCK INC CLASS A (XYZ) - 2.09% | NU HOLDINGS LTD ORDINARY SHARES CLASS A (NU) - 1.00% |
| #18 | CANAAN INC ADR (CAN) - 1.61% | EMEMORY TECHNOLOGY INC (n/a) - 0.94% |
| #19 | CANGO INC CLASS A (CANG) - 0.95% | REALTEK SEMICONDUCTOR CORP (n/a) - 0.90% |
| #20 | SOLUNA HOLDINGS INC (SLNH) - 0.83% | NETEASE INC ORDINARY SHARES (n/a) - 0.85% |
| #21 | AMERICAN BITCOIN CORP (ABTC) - 0.81% | INFOSYS LTD (n/a) - 0.80% |
| #22 | CRYPTO FLOW TECHNOLOGY LTD (n/a) - 0.42% | INTERNATIONAL GAMES SYSTEM CO LTD (n/a) - 0.78% |
| #23 | THE9 LTD ADR (NCTY) - 0.39% | ELM CO (n/a) - 0.72% |
| #24 | BITFUFU INC CLASS A ORDINARY SHARES (FUFU) - 0.26% | GOLD FIELDS LTD (n/a) - 0.71% |
| #25 | EXODUS MOVEMENT INC CLASS A (EXOD) - 0.16% | CHINA LIFE INSURANCE CO LTD CLASS H (n/a) - 0.69% |
| Total Holdings | 27 | 328 |
MNRS vs EQLT - Historical Returns
Returns include dividend reinvestment.
1M
Winner
MNRS
+9.86%
EQLT
+0.33%
3M
Winner
MNRS
+46.67%
EQLT
+17.96%
6M
MNRS
+22.37%
Winner
EQLT
+26.75%
1Y
Winner
MNRS
+98.13%
EQLT
+50.42%
Max(CAGR)
Winner
MNRS
+43.38%
EQLT
+32.97%
MNRS vs EQLT - Annual Returns (2024 - 2026)
Returns include dividend reinvestment.
| Year | MNRS | EQLT |
|---|---|---|
| 2026 | +33.05% | +21.52% |
| 2025 | +12.66% | +34.29% |
| 2024 | N/A | -1.29% |
MNRS vs EQLT 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 EQLT was -17.38%, occurring on Apr 8, 2025. Recovery took 170 trading sessions.
The current MNRS drawdown is -20.58%. The current EQLT drawdown is -7.21%.
| Rank | MNRS | EQLT |
|---|---|---|
| #1 | -56.70% Oct 15, 2025 - Mar 30, 2026 | -17.38% Oct 2, 2024 - Jun 9, 2025 |
| #2 | -45.35% Feb 14, 2025 - Jul 2, 2025 | -12.00% Feb 25, 2026 - Apr 14, 2026 |
| #3 | -15.21% Jul 22, 2025 - Aug 26, 2025 | -7.21% Jun 2, 2026 - Jun 5, 2026 |
| #4 | -7.55% Sep 24, 2025 - Sep 29, 2025 | -6.58% May 11, 2026 - May 26, 2026 |
| #5 | -6.17% Sep 2, 2025 - Sep 9, 2025 | -4.77% Oct 29, 2025 - Dec 24, 2025 |
| #6 | -5.45% Oct 9, 2025 - Oct 13, 2025 | -4.22% Oct 6, 2025 - Oct 20, 2025 |
| #7 | -5.30% Jan 30, 2025 - Feb 14, 2025 | -3.03% Jul 23, 2025 - Aug 12, 2025 |
| #8 | -5.21% Jul 3, 2025 - Jul 16, 2025 | -2.95% Jan 28, 2026 - Feb 9, 2026 |
| #9 | -2.79% Sep 22, 2025 - Sep 24, 2025 | -2.65% Jun 11, 2025 - Jun 24, 2025 |
| #10 | -2.05% Jul 17, 2025 - Jul 22, 2025 | -2.39% Apr 22, 2026 - Apr 30, 2026 |
| #11 | -0.39% Sep 29, 2025 - Oct 1, 2025 | -2.33% Sep 26, 2024 - Oct 2, 2024 |
| #12 | -0.11% Sep 18, 2025 - Sep 22, 2025 | -2.14% Jan 15, 2026 - Jan 22, 2026 |
| #13 | N/A | -1.60% Jul 3, 2025 - Jul 17, 2025 |
| #14 | N/A | -1.56% Apr 17, 2026 - Apr 22, 2026 |
| #15 | N/A | -1.47% Oct 20, 2025 - Oct 24, 2025 |
Correlation
Correlation between MNRS and EQLT is 0.75 which considered as a strong positive correlation - the stocks tend to move together.
0.75
-101
Dividend Comparison (2024 - 2026)
MNRS vs EQLT dividend yield comparison.
| Year | MNRS | EQLT |
|---|---|---|
| 2026 | 0.00% | 0.28% |
| 2025 | 0.54% | 3.10% |
| 2024 | 0.00% | 0.51% |
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