BMNR vs. BTC-USD
BMNR (BitMine Immersion Technologies, Inc.) is a stock, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past year, BMNR returned 224.89% vs -37.83% for BTC-USD. At a 0.50 correlation, their price movements are largely independent.
Performance
BMNR vs. BTC-USD - 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 BTC-USD's -25.06% return.
BMNR
- 1D
- -2.48%
- 1M
- -18.92%
- YTD
- -40.66%
- 6M
- -53.79%
- 1Y
- 224.89%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BTC-USD
- 1D
- 2.42%
- 1M
- -17.06%
- YTD
- -25.06%
- 6M
- -25.64%
- 1Y
- -37.83%
- 3Y*
- 36.87%
- 5Y*
- 10.30%
- 10Y*
- 55.97%
BMNR vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BMNR BitMine Immersion Technologies, Inc. | -40.66% | 274.59% |
BTC-USD Bitcoin | -25.06% | -16.47% |
Correlation
The correlation between BMNR and BTC-USD is 0.52, 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 | 0.52 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2025 | 0.50 |
The correlation between BMNR and BTC-USD has been stable across timeframes, ranging from 0.50 to 0.52 - a consistent structural relationship.
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Return for Risk
BMNR vs. BTC-USD — Risk / Return Rank
BMNR
BTC-USD
BMNR vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BitMine Immersion Technologies, Inc. (BMNR) and Bitcoin (BTC-USD). 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 | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.15 | ||
| Sortino ratioReturn per unit of downside risk | +9.42 | ||
| Omega ratioGain probability vs. loss probability | 1.97 | 0.88 | +1.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.13 | -0.74 | +2.87 |
| Martin ratioReturn relative to average drawdown | 2.56 | -1.28 | +3.85 |
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Drawdowns
BMNR vs. BTC-USD - Drawdown Comparison
The maximum BMNR drawdown since its inception was -88.41%, roughly equal to the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for BMNR and BTC-USD.
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Drawdown Indicators
| BMNR | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.41% | -85.30% | -3.11% |
Max Drawdown (1Y)Largest decline over 1 year | -88.41% | -51.21% | -37.20% |
Max Drawdown (3Y)Largest decline over 3 years | — | -51.21% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -76.67% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -83.80% | — |
Current DrawdownCurrent decline from peak | -88.06% | -47.43% | -40.63% |
Average DrawdownAverage peak-to-trough decline | -70.84% | -42.37% | -28.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 73.42% | 35.28% | +38.14% |
Volatility
BMNR vs. BTC-USD - Volatility Comparison
BitMine Immersion Technologies, Inc. (BMNR) has a higher volatility of 22.82% compared to Bitcoin (BTC-USD) at 12.10%. This indicates that BMNR's price experiences larger fluctuations and is considered to be riskier than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BMNR | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.82% | 12.10% | +10.72% |
Volatility (6M)Calculated over the trailing 6-month period | 60.99% | 34.64% | +26.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 717.57% | 35.63% | +681.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 710.73% | 44.55% | +666.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 710.73% | 56.61% | +654.12% |
Frequently Asked Questions
BMNR and BTC-USD have a correlation of 0.52, 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 BTC-USD (12.10%). In terms of maximum drawdown, BMNR dropped -88.41% vs BTC-USD's -85.30%.
BMNR currently has the higher Sharpe Ratio (0.26 vs -0.88), 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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