Data as of .
MNRS vs SATO: which is really different?
MNRS and SATO hold 26% of their weight in the same names, and MNRS returned more over the year.
ETFIQ Off-Index Score: MNRS scores higher
How much of it is not the index it is sold as an alternative to?
A percentile among the 379 thematic ETFs with a holdings filing. It is a position in a set, not a rating, and neither end of it is a recommendation. All thematic ETFs ranked by it · How it is computed
26% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, MNRS and SATO hold 26% of their money in the same securities at the same weight.
| Holding | MNRS | SATO |
|---|---|---|
| Bitdeer Technologies Group | 5.42% | 2.85% |
| MARA Holdings Inc | 4.60% | 2.76% |
| Hive Digital Technologies Ltd | 5.11% | 2.54% |
| Cleanspark Inc | 4.30% | 2.41% |
| Riot Platforms Inc | 5.62% | 2.38% |
| Hut 8 Corp | 15.13% | 2.29% |
| Cipher Digital Inc | 4.85% | 2.12% |
| IREN Ltd | 11.29% | 2.00% |
| Canaan Inc | 1.29% | 3.35% |
| Bit Digital Inc | 3.38% | 0.71% |
| Terawulf Inc | 4.50% | 0.64% |
| Digi Power X Inc | 2.34% | 0.61% |
| Only in MNRS | Only in SATO |
|---|---|
| Keel Infrastructure Corp 7.33% | POWERSHARES CAYMAN FUND 15.23% |
| Cango Inc/KY 0.50% | Strive Inc 4.60% |
| Crypto Flow Technology Ltd 0.48% | Nakamoto Inc 3.49% |
| The9 Ltd 0.41% | Strategy Inc 3.05% |
| BitFuFu Inc 0.20% | BTCS Inc 2.87% |
| Exodus Movement Inc 0.14% | SHARPLINK INC 2.84% |
| BitMine Immersion Technologies Inc 2.73% | |
| Bullish 2.68% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Jun 30, 2026 and Sep 19, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| MNRS | SATO | MNRS | SATO | MNRS | SATO | |
| 3 months | −22.6% | +8.0% | −24.8 pts | +5.8 pts | −20.1 pts | +10.5 pts |
| 6 months | +36.0% | +30.4% | +18.0 pts | +12.4 pts | +11.8 pts | +6.2 pts |
| 1 year | −2.3% | −15.6% | −18.9 pts | −32.1 pts | −24.1 pts | −37.3 pts |
| 3 years | not published | +209.3% | not published | +130.9 pts | not published | +111.1 pts |
| Since launch | +41.2% | +6.5% | +12.8 pts | −79.2 pts | +2.2 pts | −98.1 pts |
| MNRS Grayscale Bitcoin Miners ETF Holds 24 stocks in blockchain and crypto equities, 5% of its weight in S&P 500 companies | SATO Invesco Alerian Galaxy Crypto Economy ETF Holds 60 stocks in blockchain and crypto equities, 9% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | Grayscale | Invesco |
| Theme | Blockchain and crypto equities | Blockchain and crypto equities |
| In the S&P 500 | 5.0% | 8.6% |
| Active share vs the S&P 500 | 97.6% | 95.5% |
| In the Nasdaq-100 | 2.4% | 6.2% |
| Holdings | 24 | 60 |
| Top ten, share of the fund | 76.3% | 43.8% |
| Expense ratio | 0.59% | 0.66% |
| Fee for the differing part | 0.60% | 0.69% |
| Total return, 1 year | −2.3% | −15.6% |
| vs the S&P 500 | −18.9 pts | −32.1 pts |
| vs the Nasdaq-100 | −24.1 pts | −37.3 pts |
| Below its high | −30.9% | −31.7% |
| Net assets | $16m | $9m |
MNRS in plain words
By weight, 5% of MNRS's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 98%. The top ten holdings are 76% of the fund across 24 positions, as filed for Jun 30, 2026. Over the year to Sep 18, 2026 the fund returned −2.3% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 18.9 pts. It sits 30.9% below its all-time high of Oct 15, 2025.
SATO in plain words
By weight, 9% of SATO's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 96%. The top ten holdings are 44% of the fund across 60 positions, as published by its issuer for Sep 19, 2026. Over the year to Sep 18, 2026 the fund returned −15.6% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 32.1 pts. It sits 31.7% below its all-time high of Oct 6, 2025.
Questions people ask
- Do MNRS and SATO hold the same stocks?
- By their latest filings, 26% of their books are the same securities at the same weight, which is a meaningful overlap. Overlap is the sum of the smaller weight of every security they share.
- Which is more different from the S&P 500, MNRS or SATO?
- MNRS has 5% of its weight in S&P 500 names and SATO has 9%, so MNRS differs more from the index.
- Which is cheaper, MNRS or SATO?
- MNRS charges 0.59% a year and SATO charges 0.66%, so MNRS is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, MNRS against SATO, data as of Sep 18, 2026. https://etfiq.com/compare/themes/mnrs-vs-sato Free to use with attribution; the underlying files are at Open data.