- Issuer
- Grayscale
- Category
- Cryptocurrency
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Accumulating
- Asset Class
- Cryptocurrency
Share Price Chart
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Performance
MANA Performance Chart
Grayscale Decentraland Trust (MANA) is down 53.3% since the beginning of the year. MANA is currently trading at $0 per share.
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Returns By Period
Grayscale Decentraland Trust (MANA) has returned -53.27% so far this year and -75.75% over the past 12 months.
Grayscale Decentraland Trust
- 1D
- -2.98%
- 1M
- -38.60%
- YTD
- -53.27%
- 6M
- -54.66%
- 1Y
- -75.75%
- 3Y*
- -56.52%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 1.18%
- 1M
- -1.84%
- YTD
- 8.69%
- 6M
- 7.74%
- 1Y
- 20.53%
- 3Y*
- 18.69%
- 5Y*
- 11.60%
- 10Y*
- 13.47%
MANA Monthly Returns History
Based on dividend-adjusted daily data since May 17, 2022, MANA's average daily return is +0.25%, while the average monthly return is +4.54%. At this rate, an investment would double in approximately 1.3 years.
Historically, 42% of months were positive and 58% were negative. The best month was Nov 2023 with a return of +221.9%, while the worst month was Dec 2022 at -68.3%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 7 months.
On a daily basis, MANA closed higher 39% of trading days. The best single day was Nov 13, 2023 with a return of +103.3%, while the worst single day was Sep 9, 2022 at -49.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -13.93% | -17.13% | 7.39% | -6.30% | 6.04% | -38.60% | -53.27% | ||||||
| 2025 | -2.16% | -40.43% | -45.25% | -33.47% | 11.76% | -33.33% | 34.21% | -1.96% | -8.00% | -21.74% | -14.44% | -32.59% | -91.36% |
| 2024 | -28.86% | 84.68% | 134.73% | -67.38% | 71.37% | -30.53% | -40.00% | -16.58% | 15.38% | -12.12% | 50.25% | -21.25% | -28.08% |
| 2023 | 164.10% | 12.23% | 51.38% | 5.71% | -36.76% | 0.85% | -16.95% | -22.45% | 31.05% | -27.71% | 221.94% | 44.09% | 756.41% |
| 2022 | 0.08% | -16.74% | 21.40% | 38.06% | -60.02% | 16.27% | -21.05% | -68.29% | -83.75% |
Benchmark Metrics
Grayscale Decentraland Trust has an annualized alpha of 55.50%, beta of 1.07, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since May 17, 2022.
- This ETF captured 332.38% of S&P 500 Index gains and 282.45% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- R2 of 0.01 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 55.50%
- Beta
- 1.07
- R²
- 0.01
- Upside Capture
- 332.38%
- Downside Capture
- 282.45%
Return for Risk
Risk / Return Rank
MANA ranks 3 for risk / return — in the bottom 3% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Grayscale Decentraland Trust (MANA) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MANA | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.29 | ||
| Sortino ratioReturn per unit of downside risk | -3.16 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.30 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | -0.88 | 2.27 | -3.15 |
| Martin ratioReturn relative to average drawdown | -1.34 | 9.90 | -11.24 |
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Grayscale Decentraland Trust. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Grayscale Decentraland Trust was 99.28%, occurring on Jun 24, 2026. The portfolio has not yet recovered.
The current Grayscale Decentraland Trust drawdown is 99.20%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 bear market2026 | -99.28%Jun 2026 | 2y 3mo | — | 2y 3moMar 2024 - now |
2023 bear market2023 | -91.24%Jan 2023 | 4mo 14d | 1y 13d | 1y 4moAug 2022 - Jan 2024 |
2024 bear market2024 | -52.98%Feb 2024 | 19d | 28d | 1mo 17dJan 2024 - Mar 2024 |
Bear market2022 | -26.33%Jul 2022 | 1mo 11d | 18d | 1mo 29dJun 2022 - Aug 2022 |
Bear market2022 | -16.36%Aug 2022 | 0s | 15d | 15dAug 2022 - Aug 2022 |
Drawdown Indicators
| MANA | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.28% | -56.78% | -42.50% |
Max Drawdown (1Y)Largest decline over 1 year | -85.85% | -9.10% | -76.75% |
Max Drawdown (3Y)Largest decline over 3 years | -99.28% | -18.90% | -80.38% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -99.20% | -2.23% | -96.97% |
Average DrawdownAverage peak-to-trough decline | -71.69% | -10.71% | -60.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 56.43% | 2.08% | +54.35% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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