BMNR vs. CRCL

Last updated Jul 14, 2026

BMNR (BitMine Immersion Technologies, Inc.) and CRCL (Circle Internet Group, Inc.) are both stocks. Both operate in the Capital Markets industry within the Financial Services sector. Over the past year, BMNR returned -64.02% vs -66.37% for CRCL. A 0.51 correlation means they provide meaningful diversification when combined.

Performance

BMNR vs. CRCL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BitMine Immersion Technologies, Inc. (BMNR) and Circle Internet Group, Inc. (CRCL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BMNR achieves a -46.19% return, which is significantly lower than CRCL's -20.55% return.

BMNR

• 1D: -2.47%
• 1M: -9.31%
• 6M: -53.07%
• YTD: -46.19%
• 1Y: -64.02%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CRCL

• 1D: -4.75%
• 1M: -19.06%
• 6M: -24.00%
• YTD: -20.55%
• 1Y: -66.37%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BMNR vs. CRCL - Yearly Performance Comparison

	2026 (YTD)	2025
BMNR BitMine Immersion Technologies, Inc.	-46.19%	274.59%
CRCL Circle Internet Group, Inc.	-20.55%	14.93%

Correlation

The correlation between BMNR and CRCL is 0.62, 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	0.62
Correlation (All Time) Calculated using the full available price history since Jun 5, 2025	0.51

The correlation between BMNR and CRCL shifts across timeframes, from 0.51 (all time) to 0.62 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap BMNR : $8.32B CRCL : $16.84B
EPS BMNR : -$0.06 CRCL : -$0.50
PS Ratio BMNR : 132.65K CRCL : 3.50
Total Revenue (TTM) BMNR : $16.71M CRCL : $2.86B
Gross Profit (TTM) BMNR : $1.15M CRCL : $57.27M
EBITDA (TTM) BMNR : -$3.62B CRCL : -$129.43M

Return for Risk

BMNR vs. CRCL — Risk / Return Rank

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

BMNR

BMNR Risk / Return Rank: 16
BMNR Sharpe Ratio Rank: 16
BMNR Sortino Ratio Rank: 16
BMNR Omega Ratio Rank: 19
BMNR Calmar Ratio Rank: 12
BMNR Martin Ratio Rank: 16

CRCL

CRCL Risk / Return Rank: 14
CRCL Sharpe Ratio Rank: 15
CRCL Sortino Ratio Rank: 14
CRCL Omega Ratio Rank: 16
CRCL Calmar Ratio Rank: 10
CRCL Martin Ratio Rank: 17

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. CRCL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BitMine Immersion Technologies, Inc. (BMNR) and Circle Internet Group, Inc. (CRCL). 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	CRCL	Difference
Sharpe ratio: Return per unit of total volatility	-0.65	-0.67	+0.03
Sortino ratio: Return per unit of downside risk	-0.81	-0.96	+0.15
Omega ratio: Gain probability vs. loss probability	0.92	0.90	+0.02
Calmar ratio: Return relative to maximum drawdown	-0.81	-0.85	+0.03
Martin ratio: Return relative to average drawdown	-1.21	-1.18	-0.03

BMNR vs. CRCL - Sharpe Ratio Comparison

The current BMNR Sharpe Ratio is -0.65, which is comparable to the CRCL Sharpe Ratio of -0.67. The chart below compares the historical Sharpe Ratios of BMNR and CRCL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BMNR vs. CRCL - Drawdown Comparison

The maximum BMNR drawdown since its inception was -90.14%, which is greater than CRCL's maximum drawdown of -80.93%. Use the drawdown chart below to compare losses from any high point for BMNR and CRCL.

Drawdown Indicators

	BMNR	CRCL	Difference
Max Drawdown Largest peak-to-trough decline	-90.14%	-80.93%	-9.21%
Max Drawdown (1Y) Largest decline over 1 year	-78.94%	-78.63%	-0.31%
Current Drawdown Current decline from peak	-89.17%	-76.09%	-13.08%
Average Drawdown Average peak-to-trough decline	-72.09%	-55.20%	-16.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	53.10%	56.38%	-3.28%

Volatility

BMNR vs. CRCL - Volatility Comparison

The current volatility for BitMine Immersion Technologies, Inc. (BMNR) is 20.11%, while Circle Internet Group, Inc. (CRCL) has a volatility of 27.97%. This indicates that BMNR experiences smaller price fluctuations and is considered to be less risky than CRCL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BMNR	CRCL	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.11%	27.97%	-7.86%
Volatility (6M) Calculated over the trailing 6-month period	57.72%	74.61%	-16.89%
Volatility (1Y) Calculated over the trailing 1-year period	99.38%	98.75%	+0.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	686.08%	116.05%	+570.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	686.08%	116.05%	+570.03%

Dividends

BMNR vs. CRCL - Dividend Comparison

BMNR's dividend yield for the trailing twelve months is around 0.07%, while CRCL has not paid dividends to shareholders.

Position	TTM	2025
BMNR BitMine Immersion Technologies, Inc.	0.07%	0.04%
CRCL Circle Internet Group, Inc.	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both BMNR and CRCL in my portfolio?

BMNR and CRCL have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BMNR or CRCL?

CRCL has higher volatility (27.97%) compared to BMNR (20.11%). In terms of maximum drawdown, BMNR dropped -90.14% vs CRCL's -80.93%.

Which has better risk-adjusted returns?

BMNR currently has the higher Sharpe Ratio (-0.65 vs -0.67), 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.