BMNR vs. AMLP
BMNR (BitMine Immersion Technologies, Inc.) is a stock, while AMLP (Alerian MLP ETF) is MLPs fund tracking the Alerian MLP Infrastructure Index. Over the past year, BMNR returned -65.53% vs 20.19% for AMLP. At a 0.02 correlation, their price movements are largely independent.
Performance
BMNR vs. AMLP - Performance Comparison
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Returns By Period
In the year-to-date period, BMNR achieves a -43.13% return, which is significantly lower than AMLP's 19.32% return.
BMNR
- 1D
- -2.22%
- 1M
- -4.75%
- 6M
- -49.98%
- YTD
- -43.13%
- 1Y
- -65.53%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AMLP
- 1D
- 1.41%
- 1M
- 5.83%
- 6M
- 14.27%
- YTD
- 19.32%
- 1Y
- 20.19%
- 3Y*
- 19.61%
- 5Y*
- 19.03%
- 10Y*
- 6.80%
BMNR vs. AMLP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BMNR BitMine Immersion Technologies, Inc. | -43.13% | 274.59% |
AMLP Alerian MLP ETF | 19.32% | 2.22% |
Correlation
The correlation between BMNR and AMLP is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2025 | 0.02 |
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Return for Risk
BMNR vs. AMLP — Risk / Return Rank
BMNR
AMLP
BMNR vs. AMLP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BitMine Immersion Technologies, Inc. (BMNR) and Alerian MLP ETF (AMLP). 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 | AMLP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.27 | ||
| Sortino ratioReturn per unit of downside risk | -3.13 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.28 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.83 | 2.27 | -3.10 |
| Martin ratioReturn relative to average drawdown | -1.22 | 6.33 | -7.55 |
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Drawdowns
BMNR vs. AMLP - Drawdown Comparison
The maximum BMNR drawdown since its inception was -90.14%, which is greater than AMLP's maximum drawdown of -77.19%. Use the drawdown chart below to compare losses from any high point for BMNR and AMLP.
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Drawdown Indicators
| BMNR | AMLP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.14% | -77.19% | -12.95% |
Max Drawdown (1Y)Largest decline over 1 year | -78.94% | -8.94% | -70.00% |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.27% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.92% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -72.62% | — |
Current DrawdownCurrent decline from peak | -88.56% | -1.62% | -86.94% |
Average DrawdownAverage peak-to-trough decline | -72.26% | -17.31% | -54.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 53.72% | 3.20% | +50.52% |
Volatility
BMNR vs. AMLP - Volatility Comparison
BitMine Immersion Technologies, Inc. (BMNR) has a higher volatility of 21.57% compared to Alerian MLP ETF (AMLP) at 5.08%. This indicates that BMNR's price experiences larger fluctuations and is considered to be riskier than AMLP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BMNR | AMLP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.57% | 5.08% | +16.49% |
Volatility (6M)Calculated over the trailing 6-month period | 58.69% | 9.66% | +49.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 99.90% | 12.59% | +87.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 682.46% | 19.68% | +662.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 682.46% | 27.64% | +654.82% |
Dividends
BMNR vs. AMLP - Dividend Comparison
BMNR's dividend yield for the trailing twelve months is around 0.06%, less than AMLP's 7.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMLP Alerian MLP ETF | 7.45% | 8.36% | 7.70% | 7.86% | 7.70% | 8.55% | 12.31% | 9.12% | 9.29% | 7.97% | 8.09% | 9.84% |
BMNR BitMine Immersion Technologies, Inc. | 0.06% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BMNR and AMLP have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BMNR has higher volatility (21.57%) compared to AMLP (5.08%). In terms of maximum drawdown, BMNR dropped -90.14% vs AMLP's -77.19%.
AMLP currently has the higher Sharpe Ratio (1.61 vs -0.66), 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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