BMNR vs. AETH

Last updated Jun 5, 2026

BMNR (BitMine Immersion Technologies, Inc.) is a stock, while AETH (Bitwise Ethereum Strategy ETF) is Cryptocurrency fund actively managed by Bitwise. At a 0.38 correlation, their price movements are largely independent.

Performance

BMNR vs. AETH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BitMine Immersion Technologies, Inc. (BMNR) and Bitwise Ethereum Strategy ETF (AETH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BMNR achieves a -34.11% return, which is significantly lower than AETH's -9.77% return.

BMNR

• 1D: 5.86%
• 1M: -22.55%
• YTD: -34.11%
• 6M: -50.73%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AETH

• 1D: 0.03%
• 1M: -4.99%
• YTD: -9.77%
• 6M: -15.31%
• 1Y: -16.19%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BMNR vs. AETH - Yearly Performance Comparison

	2026 (YTD)	2025
BMNR BitMine Immersion Technologies, Inc.	-34.11%	250.43%
AETH Bitwise Ethereum Strategy ETF	-9.77%	-3.40%

Correlation

The correlation between BMNR and AETH is 0.38, 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 Jun 6, 2025	0.38

Return for Risk

BMNR vs. AETH — Risk / Return Rank

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

AETH

AETH Risk / Return Rank: 6
AETH Sharpe Ratio Rank: 6
AETH Sortino Ratio Rank: 6
AETH Omega Ratio Rank: 6
AETH Calmar Ratio Rank: 6
AETH Martin Ratio Rank: 7

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.

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.

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

Sharpe Ratios by Period

	BMNR	AETH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.36	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.18	0.37	-0.19

Drawdowns

BMNR vs. AETH - Drawdown Comparison

The maximum BMNR drawdown since its inception was -87.48%, which is greater than AETH's maximum drawdown of -47.78%. Use the drawdown chart below to compare losses from any high point for BMNR and AETH.

Drawdown Indicators

	BMNR	AETH	Difference
Max Drawdown Largest peak-to-trough decline	-87.48%	-47.78%	-39.70%
Max Drawdown (1Y) Largest decline over 1 year	—	-43.98%	—
Current Drawdown Current decline from peak	-86.74%	-43.84%	-42.90%
Average Drawdown Average peak-to-trough decline	-70.71%	-24.68%	-46.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	30.99%	—

Volatility

Volatility by Period

	BMNR	AETH	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.02%	—
Volatility (6M) Calculated over the trailing 6-month period	—	27.18%	—
Volatility (1Y) Calculated over the trailing 1-year period	720.41%	44.88%	+675.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	720.41%	54.64%	+665.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	720.41%	54.64%	+665.77%

Dividends

BMNR vs. AETH - Dividend Comparison

BMNR's dividend yield for the trailing twelve months is around 0.06%, less than AETH's 2.67% yield.

Position	TTM	2025	2024	2023
AETH Bitwise Ethereum Strategy ETF	2.67%	2.41%	14.73%	6.64%
BMNR BitMine Immersion Technologies, Inc.	0.06%	0.04%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BMNR and AETH in my portfolio?

BMNR and AETH have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.