GXLM vs. MNRS
GXLM (Grayscale Stellar Lumens Trust (XLM)) and MNRS (Grayscale Bitcoin Miners ETF) are both exchange-traded funds - GXLM is a Cryptocurrency fund actively managed by Grayscale, while MNRS is a Blockchain fund tracking the Indxx Bitcoin Miners Index. GXLM is actively managed, while MNRS is passively managed. Over the past year, GXLM returned 3.00% vs 78.52% for MNRS. At a 0.49 correlation, their price movements are largely independent.
Performance
GXLM vs. MNRS - Performance Comparison
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Returns By Period
In the year-to-date period, GXLM achieves a 6.12% return, which is significantly lower than MNRS's 42.42% return.
GXLM
- 1D
- -0.10%
- 1M
- -24.43%
- YTD
- 6.12%
- 6M
- 1.93%
- 1Y
- 3.00%
- 3Y*
- -27.76%
- 5Y*
- —
- 10Y*
- —
MNRS
- 1D
- -2.93%
- 1M
- -13.85%
- YTD
- 42.42%
- 6M
- 38.53%
- 1Y
- 78.52%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GXLM vs. MNRS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GXLM Grayscale Stellar Lumens Trust (XLM) | 6.12% | -55.54% |
MNRS Grayscale Bitcoin Miners ETF | 42.42% | 14.05% |
Correlation
The correlation between GXLM and MNRS is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Jan 30, 2025 | 0.49 |
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Return for Risk
GXLM vs. MNRS — Risk / Return Rank
GXLM
MNRS
GXLM vs. MNRS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale Stellar Lumens Trust (XLM) (GXLM) 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.
| GXLM | MNRS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.21 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.04 | 1.39 | -1.35 |
| Martin ratioReturn relative to average drawdown | 0.06 | 2.70 | -2.64 |
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Drawdowns
GXLM vs. MNRS - Drawdown Comparison
The maximum GXLM drawdown since its inception was -94.01%, which is greater than MNRS's maximum drawdown of -56.70%. Use the drawdown chart below to compare losses from any high point for GXLM and MNRS.
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Drawdown Indicators
| GXLM | MNRS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.01% | -56.70% | -37.31% |
Max Drawdown (1Y)Largest decline over 1 year | -71.88% | -56.70% | -15.18% |
Max Drawdown (3Y)Largest decline over 3 years | -78.19% | — | — |
Current DrawdownCurrent decline from peak | -76.54% | -21.50% | -55.04% |
Average DrawdownAverage peak-to-trough decline | -70.43% | -23.31% | -47.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 52.28% | 29.22% | +23.06% |
Volatility
GXLM vs. MNRS - Volatility Comparison
Grayscale Stellar Lumens Trust (XLM) (GXLM) has a higher volatility of 34.14% compared to Grayscale Bitcoin Miners ETF (MNRS) at 19.95%. This indicates that GXLM's price experiences larger fluctuations and is considered to be riskier than MNRS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GXLM | MNRS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 34.14% | 19.95% | +14.19% |
Volatility (6M)Calculated over the trailing 6-month period | 61.53% | 52.48% | +9.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 104.03% | 71.17% | +32.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 148.38% | 70.59% | +77.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 148.38% | 70.59% | +77.79% |
Dividends
GXLM vs. MNRS - Dividend Comparison
GXLM has not paid dividends to shareholders, while MNRS's dividend yield for the trailing twelve months is around 0.38%.
| Position | TTM | 2025 |
|---|---|---|
GXLM Grayscale Stellar Lumens Trust (XLM) | 0.00% | 0.00% |
MNRS Grayscale Bitcoin Miners ETF | 0.38% | 0.54% |
Frequently Asked Questions
GXLM and MNRS have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GXLM has higher volatility (34.14%) compared to MNRS (19.95%). In terms of maximum drawdown, GXLM dropped -94.01% vs MNRS's -56.70%.
On 1-year performance, MNRS leads with 78.52% vs 3.00% for GXLM. On volatility, MNRS has been the lower-risk option at 19.95%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, MNRS has performed better with a 78.52% return vs 3.00%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MNRS has the higher dividend yield at 0.38%, compared with 0.00% for GXLM.
GXLM is categorized as Cryptocurrency, while MNRS is Blockchain.
MNRS currently has the higher Sharpe Ratio (1.11 vs 0.03), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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