BMNR vs. ETH-USD
BMNR (BitMine Immersion Technologies, Inc.) is a stock, while ETH-USD (Ethereum) is a cryptocurrency. Over the past year, BMNR returned -48.14% vs -50.00% for ETH-USD. Their 0.53 correlation means they have sometimes moved together and sometimes differently.
Performance
BMNR vs. ETH-USD - Performance Comparison
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Returns By Period
In the year-to-date period, BMNR achieves a -38.90% return, which is significantly lower than ETH-USD's -36.08% return.
BMNR
- 1D
- -5.58%
- 1M
- 20.22%
- 6M
- -44.01%
- YTD
- -38.90%
- 1Y
- -48.14%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 105.83%
ETH-USD
- 1D
- -1.22%
- 1M
- 17.75%
- 6M
- -36.91%
- YTD
- -36.08%
- 1Y
- -50.00%
- 3Y*
- 0.62%
- 5Y*
- -5.10%
- 10Y*
- 65.93%
- ALL TIME*
- 79.96%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $623.38M | $579.76M | $655.52M | |
ETH-USD Ethereum | $18.96T | $19.14T | $26.82T |
BMNR vs. ETH-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BMNR BitMine Immersion Technologies, Inc. | -38.90% | 274.59% |
ETH-USD Ethereum | -36.08% | 13.71% |
Correlation
The correlation between BMNR and ETH-USD is 0.62, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2025 | 0.53 |
The correlation between BMNR and ETH-USD has been stable across timeframes, ranging from 0.53 to 0.62 - a consistent structural relationship.
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Return for Risk
BMNR vs. ETH-USD — Risk / Return Rank
BMNR
ETH-USD
BMNR vs. ETH-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BitMine Immersion Technologies, Inc. (BMNR) and Ethereum (ETH-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 | ETH-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +0.74 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 0.90 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.61 | -0.74 | +0.13 |
| Martin ratioReturn relative to average drawdown | -0.87 | -1.11 | +0.23 |
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Drawdowns
BMNR vs. ETH-USD - Drawdown Comparison
The maximum BMNR drawdown since its inception was -90.14%, roughly equal to the maximum ETH-USD drawdown of -94.01%. Use the drawdown chart below to compare losses from any high point for BMNR and ETH-USD.
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Drawdown Indicators
| BMNR | ETH-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.14% | -94.01% | +3.87% |
Max Drawdown (1Y)Largest decline over 1 year | -78.94% | -67.60% | -11.34% |
Max Drawdown (3Y)Largest decline over 3 years | — | -67.60% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -79.35% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -94.01% | — |
Current DrawdownCurrent decline from peak | -87.71% | -60.74% | -26.97% |
Average DrawdownAverage peak-to-trough decline | -72.74% | -51.04% | -21.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 55.29% | 34.47% | +20.82% |
Volatility
BMNR vs. ETH-USD - Volatility Comparison
BitMine Immersion Technologies, Inc. (BMNR) has a higher volatility of 24.95% compared to Ethereum (ETH-USD) at 13.07%. This indicates that BMNR's price experiences larger fluctuations and is considered to be riskier than ETH-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 | ETH-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.95% | 13.07% | +11.88% |
Volatility (6M)Calculated over the trailing 6-month period | 59.78% | 45.87% | +13.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 99.47% | 54.89% | +44.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 671.91% | 58.53% | +613.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 671.91% | 76.44% | +595.47% |
Frequently Asked Questions
BMNR and ETH-USD 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.
BMNR has higher volatility (24.95%) compared to ETH-USD (13.07%). In terms of maximum drawdown, BMNR dropped -90.14% vs ETH-USD's -94.01%.
BMNR currently has the higher Sharpe Ratio (-0.49 vs -0.76), 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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