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 243.51% vs -32.21% for ETH-USD. A 0.52 correlation means they provide meaningful diversification when combined.
Performance
BMNR vs. ETH-USD - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with BMNR having a -40.55% return and ETH-USD slightly lower at -42.29%.
BMNR
- 1D
- 2.80%
- 1M
- -13.37%
- YTD
- -40.55%
- 6M
- -43.23%
- 1Y
- 243.51%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETH-USD
- 1D
- -2.11%
- 1M
- -18.86%
- YTD
- -42.29%
- 6M
- -39.43%
- 1Y
- -32.21%
- 3Y*
- -0.47%
- 5Y*
- -4.58%
- 10Y*
- 64.49%
BMNR vs. ETH-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BMNR BitMine Immersion Technologies, Inc. | -40.55% | 274.59% |
ETH-USD Ethereum | -42.29% | 13.71% |
Correlation
The correlation between BMNR and ETH-USD is 0.55, 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 | 0.55 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2025 | 0.52 |
The correlation between BMNR and ETH-USD has been stable across timeframes, ranging from 0.52 to 0.55 - 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 | +0.82 | ||
| Sortino ratioReturn per unit of downside risk | +8.83 | ||
| Omega ratioGain probability vs. loss probability | 2.01 | 0.97 | +1.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.77 | -0.48 | +3.25 |
| Martin ratioReturn relative to average drawdown | 3.30 | -0.81 | +4.11 |
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Drawdowns
BMNR vs. ETH-USD - Drawdown Comparison
The maximum BMNR drawdown since its inception was -88.41%, smaller than 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 | -88.41% | -94.01% | +5.60% |
Max Drawdown (1Y)Largest decline over 1 year | -88.41% | -67.53% | -20.88% |
Max Drawdown (3Y)Largest decline over 3 years | — | -67.53% | — |
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 | -88.04% | -64.56% | -23.48% |
Average DrawdownAverage peak-to-trough decline | -71.10% | -50.91% | -20.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 74.16% | 41.36% | +32.80% |
Volatility
BMNR vs. ETH-USD - Volatility Comparison
BitMine Immersion Technologies, Inc. (BMNR) has a higher volatility of 21.78% compared to Ethereum (ETH-USD) at 18.15%. 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 | 21.78% | 18.15% | +3.63% |
Volatility (6M)Calculated over the trailing 6-month period | 59.76% | 46.36% | +13.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 717.33% | 56.22% | +661.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 705.31% | 59.48% | +645.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 705.31% | 77.21% | +628.10% |
Frequently Asked Questions
BMNR and ETH-USD have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BMNR has higher volatility (21.78%) compared to ETH-USD (18.15%). In terms of maximum drawdown, BMNR dropped -88.41% vs ETH-USD's -94.01%.
BMNR currently has the higher Sharpe Ratio (0.34 vs -0.48), 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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