MANA vs. EZPZ
MANA (Grayscale Decentraland Trust) and EZPZ (Franklin Crypto Index ETF) are both Cryptocurrency funds. MANA is actively managed, while EZPZ is passively managed. Over the past year, MANA returned -75.75% vs -43.90% for EZPZ. At a 0.38 correlation, their price movements are largely independent.
Performance
MANA vs. EZPZ - Performance Comparison
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Returns By Period
In the year-to-date period, MANA achieves a -53.27% return, which is significantly lower than EZPZ's -33.92% return.
MANA
- 1D
- -2.98%
- 1M
- -38.60%
- YTD
- -53.27%
- 6M
- -54.66%
- 1Y
- -75.75%
- 3Y*
- -56.52%
- 5Y*
- —
- 10Y*
- —
EZPZ
- 1D
- 1.10%
- 1M
- -18.14%
- YTD
- -33.92%
- 6M
- -33.73%
- 1Y
- -43.90%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MANA vs. EZPZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MANA Grayscale Decentraland Trust | -53.27% | -88.59% |
EZPZ Franklin Crypto Index ETF | -33.92% | -10.11% |
Correlation
The correlation between MANA and EZPZ is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2025 | 0.38 |
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Return for Risk
MANA vs. EZPZ — Risk / Return Rank
MANA
EZPZ
MANA vs. EZPZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale Decentraland Trust (MANA) and Franklin Crypto Index ETF (EZPZ). 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.
| MANA | EZPZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +0.43 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 0.85 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.88 | -0.78 | -0.10 |
| Martin ratioReturn relative to average drawdown | -1.34 | -1.31 | -0.03 |
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Drawdowns
MANA vs. EZPZ - Drawdown Comparison
The maximum MANA drawdown since its inception was -99.28%, which is greater than EZPZ's maximum drawdown of -56.49%. Use the drawdown chart below to compare losses from any high point for MANA and EZPZ.
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Drawdown Indicators
| MANA | EZPZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.28% | -56.49% | -42.79% |
Max Drawdown (1Y)Largest decline over 1 year | -85.85% | -56.49% | -29.36% |
Max Drawdown (3Y)Largest decline over 3 years | -99.28% | — | — |
Current DrawdownCurrent decline from peak | -99.20% | -55.44% | -43.76% |
Average DrawdownAverage peak-to-trough decline | -71.69% | -23.26% | -48.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 56.43% | 33.50% | +22.93% |
Volatility
MANA vs. EZPZ - Volatility Comparison
Grayscale Decentraland Trust (MANA) has a higher volatility of 37.05% compared to Franklin Crypto Index ETF (EZPZ) at 14.87%. This indicates that MANA's price experiences larger fluctuations and is considered to be riskier than EZPZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MANA | EZPZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 37.05% | 14.87% | +22.18% |
Volatility (6M)Calculated over the trailing 6-month period | 89.80% | 37.14% | +52.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 117.59% | 47.88% | +69.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 174.61% | 47.75% | +126.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 174.61% | 47.75% | +126.86% |
Dividends
MANA vs. EZPZ - Dividend Comparison
Neither MANA nor EZPZ has paid dividends to shareholders.
Frequently Asked Questions
MANA and EZPZ have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MANA has higher volatility (37.05%) compared to EZPZ (14.87%). In terms of maximum drawdown, MANA dropped -99.28% vs EZPZ's -56.49%.
On 1-year performance, EZPZ leads with -43.90% vs -75.75% for MANA. On volatility, EZPZ has been the lower-risk option at 14.87%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, EZPZ has performed better with a -43.90% return vs -75.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MANA and EZPZ have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Grayscale and Franklin Templeton.
MANA currently has the higher Sharpe Ratio (-0.65 vs -0.92), 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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