BMNR vs. AETH
BMNR (BitMine Immersion Technologies, Inc.) is a stock, while AETH (Bitwise Ethereum Strategy ETF) is Cryptocurrency fund actively managed by Bitwise. Over the past year, BMNR returned 217.29% vs -14.41% for AETH. At a 0.37 correlation, their price movements are largely independent.
Performance
BMNR vs. AETH - Performance Comparison
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Returns By Period
In the year-to-date period, BMNR achieves a -48.36% return, which is significantly lower than AETH's -17.82% return.
BMNR
- 1D
- -7.34%
- 1M
- -25.74%
- YTD
- -48.36%
- 6M
- -52.23%
- 1Y
- 217.29%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AETH
- 1D
- -4.82%
- 1M
- -8.81%
- YTD
- -17.82%
- 6M
- -17.79%
- 1Y
- -14.41%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BMNR vs. AETH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BMNR BitMine Immersion Technologies, Inc. | -48.36% | 274.59% |
AETH Bitwise Ethereum Strategy ETF | -17.82% | -7.13% |
Correlation
The correlation between BMNR and AETH is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2025 | 0.37 |
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Return for Risk
BMNR vs. AETH — Risk / Return Rank
BMNR
AETH
BMNR vs. AETH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BitMine Immersion Technologies, Inc. (BMNR) and Bitwise Ethereum Strategy ETF (AETH). 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.
| BMNR | AETH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.64 | ||
| Sortino ratioReturn per unit of downside risk | +8.58 | ||
| Omega ratioGain probability vs. loss probability | 1.99 | 0.97 | +1.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.44 | -0.30 | +2.74 |
| Martin ratioReturn relative to average drawdown | 2.92 | -0.44 | +3.36 |
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Drawdowns
BMNR vs. AETH - Drawdown Comparison
The maximum BMNR drawdown since its inception was -89.61%, which is greater than AETH's maximum drawdown of -48.85%. Use the drawdown chart below to compare losses from any high point for BMNR and AETH.
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Drawdown Indicators
| BMNR | AETH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.61% | -48.85% | -40.76% |
Max Drawdown (1Y)Largest decline over 1 year | -89.61% | -48.85% | -40.76% |
Current DrawdownCurrent decline from peak | -89.61% | -48.85% | -40.76% |
Average DrawdownAverage peak-to-trough decline | -71.30% | -25.09% | -46.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 74.78% | 32.47% | +42.31% |
Volatility
BMNR vs. AETH - Volatility Comparison
BitMine Immersion Technologies, Inc. (BMNR) has a higher volatility of 22.24% compared to Bitwise Ethereum Strategy ETF (AETH) at 6.43%. This indicates that BMNR's price experiences larger fluctuations and is considered to be riskier than AETH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BMNR | AETH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.24% | 6.43% | +15.81% |
Volatility (6M)Calculated over the trailing 6-month period | 59.04% | 25.54% | +33.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 717.39% | 43.78% | +673.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 701.40% | 54.27% | +647.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 701.40% | 54.27% | +647.13% |
Dividends
BMNR vs. AETH - Dividend Comparison
BMNR's dividend yield for the trailing twelve months is around 0.07%, less than AETH's 2.93% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
AETH Bitwise Ethereum Strategy ETF | 2.93% | 2.41% | 14.73% | 6.64% |
BMNR BitMine Immersion Technologies, Inc. | 0.07% | 0.04% | 0.00% | 0.00% |
Frequently Asked Questions
BMNR and AETH have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BMNR has higher volatility (22.24%) compared to AETH (6.43%). In terms of maximum drawdown, BMNR dropped -89.61% vs AETH's -48.85%.
BMNR currently has the higher Sharpe Ratio (0.30 vs -0.33), 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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