Grayscale Decentraland Trust (MANA) belongs to the Cryptocurrency category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with MANA. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MANA
Among 112 ETFs in the Cryptocurrency category with expense-ratio data, the lowest-cost alternatives shown here go as low as 0.14%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Morgan Stanley Bitcoin Trust | 0.14% | 295.32M | Apr 2026 | MANA vs MSBT | |
| Grayscale Ethereum Staking Mini ETF | 0.15% | 1.35B | Jul 2024 | MANA vs ETH | |
| Grayscale Bitcoin Mini Trust ETF | 0.15% | 3.26B | Jul 2024 | MANA vs BTC | |
| Franklin Ethereum ETF | 0.19% | 32.26M | Jul 2024 | MANA vs EZET | |
| Franklin Crypto Index ETF | 0.19% | 11.81M | Feb 2025 | MANA vs EZPZ |
Best Risk-Adjusted Alternatives to MANA
MANA has a PortfoliosLab risk / return rank of 3. There are 39 ETFs in the Cryptocurrency category with higher risk-adjusted ranks, going as high as 91.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Grayscale Zcash Trust (ZEC) | 91 | — | Oct 2017 | MANA vs ZCSH | |
| CoinShares Bitcoin Miners ETF | 72 | 395.17M | Feb 2022 | MANA vs WGMI | |
| ProShares Shrt Bitcoin ETF | 42 | 140.30M | Jun 2022 | MANA vs BITI | |
| Proshares Ultrashort Bitcoin ETF | 36 | 211.63M | Apr 2024 | MANA vs SBIT | |
| T-Rex 2X Inverse Bitcoin Daily Target ETF | 31 | — | Jul 2024 | MANA vs BTCZ |
Top Performing MANA Alternatives (YTD)
MANA is at -53.27% YTD. There are 100 ETFs in the Cryptocurrency category with higher YTD returns, going as high as 81.43%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| ProShares UltraShort Ether ETF | 81.43% | 90.21M | Jun 2024 | MANA vs ETHD | |
| CoinShares Bitcoin Miners ETF | 66.45% | 395.17M | Feb 2022 | MANA vs WGMI | |
| Proshares Ultrashort Bitcoin ETF | 55.04% | 211.63M | Apr 2024 | MANA vs SBIT | |
| ProShares Short Ether Strategy ETF | 51.54% | 24.22M | Nov 2023 | MANA vs SETH | |
| T-Rex 2X Inverse Bitcoin Daily Target ETF | 49.64% | — | Jul 2024 | MANA vs BTCZ |
Lowest Volatility Alternatives to MANA
MANA has 117.59% 1-year volatility. There are 114 ETFs in the Cryptocurrency category with lower 1-year volatility, going as low as 2.05%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Calamos Bitcoin Structured Alt Protection ETF - Oc... | 2.05% | — | Oct 2025 | MANA vs CBOO | |
| Calamos Laddered Bitcoin 90 Series Structured Alt ... | 3.78% | — | Oct 2025 | MANA vs CBOL | |
| Calamos Bitcoin 90 Series Structured Alt Protectio... | 6.87% | — | Oct 2025 | MANA vs CBXO | |
| FT Vest Bitcoin Strategy Floor15 ETF - October | 12.19% | 7.62M | Sep 2025 | MANA vs BFOC | |
| Calamos Bitcoin 80 Series Structured Alt Protectio... | 12.25% | — | Oct 2025 | MANA vs CBTO |
Lowest Drawdown Alternatives to MANA
MANA has a 1-year max drawdown of -85.85%. There are 67 ETFs in the Cryptocurrency category with shallower 1-year drawdowns, going as shallow as -14.02%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Horizon Kinetics Blockchain Development ETF | -14.02% | 21.22M | Aug 2022 | MANA vs BCDF | |
| REX Crypto Equity Premium Income ETF | -22.47% | 111.95M | Dec 2024 | MANA vs CEPI | |
| ProShares Shrt Bitcoin ETF | -25.28% | 140.30M | Jun 2022 | MANA vs BITI | |
| Global X Bitcoin Trend Strategy ETF | -26.45% | 1.49M | Mar 2024 | MANA vs BTRN | |
| Bitwise Bitcoin Strategy Optimum Roll ETF | -26.51% | 17.91M | Mar 2023 | MANA vs BITC |
Other ETFs from Grayscale
The 10 most viewed Grayscale ETFs shown here include GBTC, ETHE, GDLC and span 3 categories. AUM among these funds goes as high as $8B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Grayscale Bitcoin Trust ETF | Cryptocurrency | 2 | -31.58% | 8.23B | Jan 2024 | MANA vs GBTC | |
| Grayscale Ethereum Trust ETF | Cryptocurrency | 6 | -45.60% | 1.33B | Dec 2017 | MANA vs ETHE | |
| Grayscale CoinDesk Crypto 5 ETF | Cryptocurrency | 3 | -34.49% | 317.85M | Feb 2018 | MANA vs GDLC | |
| Grayscale Future of Finance ETF | Blockchain, Technology Equities | — | — | 6.70M | Feb 2022 | MANA vs GFOF | |
| Grayscale Chainlink Trust ETF | Cryptocurrency, Blockchain | 4 | -39.14% | 73.42M | Feb 2021 | MANA vs GLNK | |
| Grayscale Ethereum Classic Trust (ETC) | Cryptocurrency, Blockchain | 3 | -38.79% | 141.12M | Apr 2017 | MANA vs ETCG | |
| Grayscale Litecoin Trust | Cryptocurrency | 4 | -45.08% | — | Aug 2020 | MANA vs LTCN | |
| Grayscale Bitcoin Miners ETF | Blockchain | 31 | 42.42% | 20.37M | Jan 2025 | MANA vs MNRS | |
| Grayscale Solana Staking ETF | Cryptocurrency | — | — | 100.11M | Nov 2021 | MANA vs GSOL | |
| Grayscale Sui Staking ETF | Cryptocurrency | — | -47.83% | 20.53M | Feb 2026 | MANA vs GSUI |
Compare MANA with Any Fund or Stock
Compare MANA with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MANA with funds that move differently
Grayscale Decentraland Trust alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MANA.
Explore MANA Diversifiers