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