CIFU vs. MNRS

Last updated Jul 17, 2026

CIFU (T-REX 2X Long CIFR Daily Target ETF) and MNRS (Grayscale Bitcoin Miners ETF) are both exchange-traded funds - CIFU is a Leveraged Equities fund actively managed by REX, while MNRS is a Blockchain fund tracking the Indxx Bitcoin Miners Index. CIFU is actively managed, while MNRS is passively managed. Their correlation of 0.90 suggests significant overlap in exposure. CIFU charges 1.50%/yr vs 0.59%/yr for MNRS.

Performance

CIFU vs. MNRS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T-REX 2X Long CIFR Daily Target ETF (CIFU) and Grayscale Bitcoin Miners ETF (MNRS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CIFU achieves a -26.03% return, which is significantly lower than MNRS's 11.06% return.

CIFU

• 1D: -20.66%
• 1M: -58.62%
• 6M: -45.17%
• YTD: -26.03%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MNRS

• 1D: -7.89%
• 1M: -30.06%
• 6M: -9.69%
• YTD: 11.06%
• 1Y: 17.71%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CIFU vs. MNRS - Yearly Performance Comparison

	2026 (YTD)	2025
CIFU T-REX 2X Long CIFR Daily Target ETF	-26.03%	-13.41%
MNRS Grayscale Bitcoin Miners ETF	11.06%	-2.73%

Correlation

The correlation between CIFU and MNRS is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 21, 2025	0.90

Return for Risk

CIFU vs. MNRS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CIFU

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

MNRS

MNRS Risk / Return Rank: 15
MNRS Sharpe Ratio Rank: 13
MNRS Sortino Ratio Rank: 19
MNRS Omega Ratio Rank: 18
MNRS Calmar Ratio Rank: 14
MNRS Martin Ratio Rank: 13

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CIFU vs. MNRS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T-REX 2X Long CIFR Daily Target ETF (CIFU) and Grayscale Bitcoin Miners ETF (MNRS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	CIFU	MNRS	Difference
Sharpe ratio: Return per unit of total volatility	—	0.25	—
Sortino ratio: Return per unit of downside risk	—	0.86	—
Omega ratio: Gain probability vs. loss probability	—	1.10	—
Calmar ratio: Return relative to maximum drawdown	—	0.31	—
Martin ratio: Return relative to average drawdown	—	0.59	—

Drawdowns

CIFU vs. MNRS - Drawdown Comparison

The maximum CIFU drawdown since its inception was -77.20%, which is greater than MNRS's maximum drawdown of -56.70%. Use the drawdown chart below to compare losses from any high point for CIFU and MNRS.

Drawdown Indicators

	CIFU	MNRS	Difference
Max Drawdown Largest peak-to-trough decline	-77.20%	-56.70%	-20.50%
Max Drawdown (1Y) Largest decline over 1 year	—	-56.70%	—
Current Drawdown Current decline from peak	-65.94%	-38.78%	-27.16%
Average Drawdown Average peak-to-trough decline	-42.91%	-23.57%	-19.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	30.02%	—

Volatility

Volatility by Period

	CIFU	MNRS	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	17.51%	—
Volatility (6M) Calculated over the trailing 6-month period	—	53.33%	—
Volatility (1Y) Calculated over the trailing 1-year period	206.70%	72.04%	+134.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	206.70%	70.79%	+135.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	206.70%	70.79%	+135.91%

CIFU vs. MNRS - Expense Ratio Comparison

CIFU has a 1.50% expense ratio, which is higher than MNRS's 0.59% expense ratio.

Dividends

CIFU vs. MNRS - Dividend Comparison

CIFU has not paid dividends to shareholders, while MNRS's dividend yield for the trailing twelve months is around 0.49%.

Position	TTM	2025
CIFU T-REX 2X Long CIFR Daily Target ETF	0.00%	0.00%
MNRS Grayscale Bitcoin Miners ETF	0.49%	0.54%

Frequently Asked Questions

Can I hold both CIFU and MNRS in my portfolio?

With a correlation of 0.90, CIFU and MNRS move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, CIFU or MNRS?

On fees, MNRS is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CIFU or MNRS?

MNRS is cheaper with a 0.59% expense ratio, compared with 1.50% for CIFU.

Which ETF pays a higher dividend yield, CIFU or MNRS?

MNRS has the higher dividend yield at 0.49%, compared with 0.00% for CIFU.

What is the main difference between CIFU and MNRS?

CIFU is categorized as Leveraged Equities, while MNRS is Blockchain. They also come from different issuers: REX and Grayscale. Their fees differ too: 1.50% for CIFU and 0.59% for MNRS.