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 -86.67% vs -33.64% for ETH-USD. A 0.53 correlation means they provide meaningful diversification when combined.
Performance
BMNR vs. ETH-USD - Performance Comparison
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Returns By Period
In the year-to-date period, BMNR achieves a -45.27% return, which is significantly lower than ETH-USD's -41.48% return.
BMNR
- 1D
- 0.41%
- 1M
- -11.81%
- 6M
- -51.05%
- YTD
- -45.27%
- 1Y
- -86.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETH-USD
- 1D
- -1.91%
- 1M
- 2.74%
- 6M
- -45.15%
- YTD
- -41.48%
- 1Y
- -33.64%
- 3Y*
- -2.32%
- 5Y*
- -4.16%
- 10Y*
- 65.86%
BMNR vs. ETH-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BMNR BitMine Immersion Technologies, Inc. | -45.27% | 274.59% |
ETH-USD Ethereum | -41.48% | 13.71% |
Correlation
The correlation between BMNR and ETH-USD is 0.58, 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 | 0.58 |
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 0.58 - 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 | -1.20 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 0.96 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | -1.08 | -0.50 | -0.59 |
| Martin ratioReturn relative to average drawdown | -1.56 | -0.79 | -0.77 |
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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 | -80.05% | -67.60% | -12.45% |
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 | -88.99% | -64.06% | -24.93% |
Average DrawdownAverage peak-to-trough decline | -71.90% | -50.98% | -20.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 72.01% | 40.39% | +31.62% |
Volatility
BMNR vs. ETH-USD - Volatility Comparison
BitMine Immersion Technologies, Inc. (BMNR) has a higher volatility of 21.38% compared to Ethereum (ETH-USD) at 13.09%. 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 | 21.38% | 13.09% | +8.29% |
Volatility (6M)Calculated over the trailing 6-month period | 58.07% | 46.62% | +11.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 111.84% | 55.64% | +56.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 689.83% | 58.74% | +631.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 689.83% | 76.84% | +612.99% |
Frequently Asked Questions
BMNR and ETH-USD have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BMNR has higher volatility (21.38%) compared to ETH-USD (13.09%). In terms of maximum drawdown, BMNR dropped -90.14% vs ETH-USD's -94.01%.
ETH-USD currently has the higher Sharpe Ratio (-0.50 vs -0.78), 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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