Grayscale Bitcoin Miners ETF (MNRS) — Stock Correlations & Overview
Over the past year, MNRS has moved most closely with WGMI, BKCH, STCE. Explore the stocks most correlated and inversely correlated with MNRS below, along with its price, financials, and company profile.
Stocks correlated with MNRS
Correlation of daily returns. Higher positive values move with MNRS; negative values move opposite it. Informational only, not investment advice.
Most correlated with MNRS
| Symbol | Company | Correlation |
|---|---|---|
| WGMI | CoinShares ETF Trust CoinShares Bitcoin Mining and Digital Power ETF | 0.98 |
| BKCH | Global X Blockchain ETF | 0.98 |
| STCE | Schwab Crypto Thematic Natural Language Processing ETF | 0.96 |
| NODE | VanEck Onchain Economy ETF | 0.96 |
| IBLC | iShares Blockchain and Tech ETF | 0.96 |
Most inversely correlated with MNRS
| Symbol | Company | Correlation |
|---|---|---|
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.69 |
| TSXD | Direxion Daily Semiconductors Top 5 Bear 2X ETF | -0.69 |
| BTAL | AGF U.S. Market Neutral Anti-Beta Fund | -0.67 |
| BERZ | MicroSectors FANG & Innovation -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.67 |
| HIBS | Direxion Daily S&P 500 High Beta Bear 3X ETF | -0.66 |
Frequently asked questions about MNRS correlations
- Which stocks are most correlated with MNRS?
- Based on one year of daily returns, the stocks most correlated with Grayscale Bitcoin Miners ETF (MNRS) are WGMI (0.98), BKCH (0.98) and STCE (0.96). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with MNRS?
- Over the past year, the stocks most inversely correlated with Grayscale Bitcoin Miners ETF (MNRS) are SARK (-0.69), TSXD (-0.69) and BTAL (-0.67). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these MNRS correlations calculated?
- We compute the correlation of daily returns between MNRS and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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