MANA vs. GSUI

Last updated Jun 30, 2026

MANA (Grayscale Decentraland Trust) and GSUI (Grayscale Sui Staking ETF) are both Cryptocurrency funds from Grayscale. MANA is actively managed, while GSUI is passively managed. At a 0.35 correlation, their price movements are largely independent.

Performance

MANA vs. GSUI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Grayscale Decentraland Trust (MANA) and Grayscale Sui Staking ETF (GSUI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MANA achieves a -53.27% return, which is significantly lower than GSUI's -47.83% return.

MANA

• 1D: -2.98%
• 1M: -38.60%
• YTD: -53.27%
• 6M: -54.66%
• 1Y: -75.75%
• 3Y*: -56.52%
• 5Y*: —
• 10Y*: —

GSUI

• 1D: 1.29%
• 1M: -21.67%
• YTD: -47.83%
• 6M: -48.85%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MANA vs. GSUI - Yearly Performance Comparison

	2026 (YTD)	2025
MANA Grayscale Decentraland Trust	-53.27%	-26.89%
GSUI Grayscale Sui Staking ETF	-47.83%	-42.99%

Correlation

The correlation between MANA and GSUI is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 24, 2025	0.35

Return for Risk

MANA vs. GSUI — Risk / Return Rank

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

MANA

MANA Risk / Return Rank: 3
MANA Sharpe Ratio Rank: 4
MANA Sortino Ratio Rank: 4
MANA Omega Ratio Rank: 4
MANA Calmar Ratio Rank: 2
MANA Martin Ratio Rank: 3

GSUI

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

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.

MANA vs. GSUI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Grayscale Decentraland Trust (MANA) and Grayscale Sui Staking ETF (GSUI). 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	GSUI	Difference
Sharpe ratio: Return per unit of total volatility	-0.65	—	—
Sortino ratio: Return per unit of downside risk	-0.89	—	—
Omega ratio: Gain probability vs. loss probability	0.90	—	—
Calmar ratio: Return relative to maximum drawdown	-0.88	—	—
Martin ratio: Return relative to average drawdown	-1.34	—	—

Drawdowns

MANA vs. GSUI - Drawdown Comparison

The maximum MANA drawdown since its inception was -99.28%, which is greater than GSUI's maximum drawdown of -71.63%. Use the drawdown chart below to compare losses from any high point for MANA and GSUI.

Drawdown Indicators

	MANA	GSUI	Difference
Max Drawdown Largest peak-to-trough decline	-99.28%	-71.63%	-27.65%
Max Drawdown (1Y) Largest decline over 1 year	-85.85%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-99.28%	—	—
Current Drawdown Current decline from peak	-99.20%	-70.26%	-28.94%
Average Drawdown Average peak-to-trough decline	-71.69%	-52.81%	-18.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	56.43%	—	—

Volatility

Volatility by Period

	MANA	GSUI	Difference
Volatility (1M) Calculated over the trailing 1-month period	37.05%	—	—
Volatility (6M) Calculated over the trailing 6-month period	89.80%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	117.59%	105.50%	+12.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	174.61%	105.50%	+69.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	174.61%	105.50%	+69.11%

Dividends

MANA vs. GSUI - Dividend Comparison

Neither MANA nor GSUI has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both MANA and GSUI in my portfolio?

MANA and GSUI have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF pays a higher dividend yield, MANA or GSUI?

MANA and GSUI have nearly identical dividend yields, around 0.00%.