ARKB vs. BMNR
ARKB (ARK 21Shares Bitcoin ETF) is Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant, while BMNR (BitMine Immersion Technologies, Inc.) is a stock. Over the past year, ARKB returned -39.71% vs 224.89% for BMNR. A 0.67 correlation means they provide meaningful diversification when combined.
Performance
ARKB vs. BMNR - Performance Comparison
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Returns By Period
In the year-to-date period, ARKB achieves a -27.41% return, which is significantly higher than BMNR's -40.66% return.
ARKB
- 1D
- 0.00%
- 1M
- -19.70%
- YTD
- -27.41%
- 6M
- -29.62%
- 1Y
- -39.71%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BMNR
- 1D
- -2.48%
- 1M
- -18.92%
- YTD
- -40.66%
- 6M
- -53.79%
- 1Y
- 224.89%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ARKB vs. BMNR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ARKB ARK 21Shares Bitcoin ETF | -27.41% | -16.81% |
BMNR BitMine Immersion Technologies, Inc. | -40.66% | 274.59% |
Correlation
The correlation between ARKB and BMNR is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2025 | 0.67 |
The correlation between ARKB and BMNR has been stable across timeframes, ranging from 0.67 to 0.70 - a consistent structural relationship.
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Return for Risk
ARKB vs. BMNR — Risk / Return Rank
ARKB
BMNR
ARKB vs. BMNR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ARK 21Shares Bitcoin ETF (ARKB) and BitMine Immersion Technologies, Inc. (BMNR). 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.
| ARKB | BMNR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.19 | ||
| Sortino ratioReturn per unit of downside risk | -9.53 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.97 | -1.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | 2.13 | -2.91 |
| Martin ratioReturn relative to average drawdown | -1.37 | 2.56 | -3.94 |
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Drawdowns
ARKB vs. BMNR - Drawdown Comparison
The maximum ARKB drawdown since its inception was -52.04%, smaller than the maximum BMNR drawdown of -88.41%. Use the drawdown chart below to compare losses from any high point for ARKB and BMNR.
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Drawdown Indicators
| ARKB | BMNR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.04% | -88.41% | +36.37% |
Max Drawdown (1Y)Largest decline over 1 year | -52.04% | -88.41% | +36.37% |
Current DrawdownCurrent decline from peak | -49.45% | -88.06% | +38.61% |
Average DrawdownAverage peak-to-trough decline | -16.56% | -70.84% | +54.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.60% | 73.42% | -43.82% |
Volatility
ARKB vs. BMNR - Volatility Comparison
The current volatility for ARK 21Shares Bitcoin ETF (ARKB) is 11.97%, while BitMine Immersion Technologies, Inc. (BMNR) has a volatility of 22.82%. This indicates that ARKB experiences smaller price fluctuations and is considered to be less risky than BMNR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ARKB | BMNR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.97% | 22.82% | -10.85% |
Volatility (6M)Calculated over the trailing 6-month period | 34.32% | 60.99% | -26.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.91% | 717.57% | -673.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.09% | 710.73% | -660.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.09% | 710.73% | -660.64% |
Dividends
ARKB vs. BMNR - Dividend Comparison
ARKB has not paid dividends to shareholders, while BMNR's dividend yield for the trailing twelve months is around 0.06%.
| Position | TTM | 2025 |
|---|---|---|
ARKB ARK 21Shares Bitcoin ETF | 0.00% | 0.00% |
BMNR BitMine Immersion Technologies, Inc. | 0.06% | 0.04% |
Frequently Asked Questions
ARKB and BMNR have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BMNR has higher volatility (22.82%) compared to ARKB (11.97%). In terms of maximum drawdown, ARKB dropped -52.04% vs BMNR's -88.41%.
BMNR currently has the higher Sharpe Ratio (0.26 vs -0.93), 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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