BMNR vs. ETHA
BMNR (BitMine Immersion Technologies, Inc.) is a stock, while ETHA (iShares Ethereum Trust ETF) is Cryptocurrency fund tracking the CME CF Ether Dollar Reference Rate - New York Variant. Over the past year, BMNR returned -60.28% vs -37.67% for ETHA. A 0.72 correlation means they provide meaningful diversification when combined.
Performance
BMNR vs. ETHA - Performance Comparison
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Returns By Period
In the year-to-date period, BMNR achieves a -40.00% return, which is significantly lower than ETHA's -36.78% return.
BMNR
- 1D
- 11.50%
- 1M
- 1.12%
- 6M
- -47.82%
- YTD
- -40.00%
- 1Y
- -60.28%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETHA
- 1D
- 6.06%
- 1M
- 12.81%
- 6M
- -41.45%
- YTD
- -36.78%
- 1Y
- -37.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BMNR vs. ETHA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BMNR BitMine Immersion Technologies, Inc. | -40.00% | 274.59% |
ETHA iShares Ethereum Trust ETF | -36.78% | 12.83% |
Correlation
The correlation between BMNR and ETHA is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2025 | 0.72 |
The correlation between BMNR and ETHA shifts across timeframes, from 0.72 (all time) to 0.83 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
BMNR vs. ETHA — Risk / Return Rank
BMNR
ETHA
BMNR vs. ETHA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BitMine Immersion Technologies, Inc. (BMNR) and iShares Ethereum Trust ETF (ETHA). 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 | ETHA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 0.94 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.77 | -0.56 | -0.21 |
| Martin ratioReturn relative to average drawdown | -1.13 | -0.87 | -0.26 |
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Drawdowns
BMNR vs. ETHA - Drawdown Comparison
The maximum BMNR drawdown since its inception was -90.14%, which is greater than ETHA's maximum drawdown of -67.91%. Use the drawdown chart below to compare losses from any high point for BMNR and ETHA.
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Drawdown Indicators
| BMNR | ETHA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.14% | -67.91% | -22.23% |
Max Drawdown (1Y)Largest decline over 1 year | -78.94% | -67.91% | -11.03% |
Current DrawdownCurrent decline from peak | -87.93% | -61.25% | -26.68% |
Average DrawdownAverage peak-to-trough decline | -72.14% | -34.53% | -37.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 53.30% | 43.21% | +10.09% |
Volatility
BMNR vs. ETHA - Volatility Comparison
BitMine Immersion Technologies, Inc. (BMNR) has a higher volatility of 22.35% compared to iShares Ethereum Trust ETF (ETHA) at 16.93%. This indicates that BMNR's price experiences larger fluctuations and is considered to be riskier than ETHA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BMNR | ETHA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.35% | 16.93% | +5.42% |
Volatility (6M)Calculated over the trailing 6-month period | 58.75% | 47.63% | +11.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 99.87% | 68.64% | +31.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 684.89% | 72.20% | +612.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 684.89% | 72.20% | +612.69% |
Dividends
BMNR vs. ETHA - Dividend Comparison
BMNR's dividend yield for the trailing twelve months is around 0.06%, while ETHA has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
BMNR BitMine Immersion Technologies, Inc. | 0.06% | 0.04% |
ETHA iShares Ethereum Trust ETF | 0.00% | 0.00% |
Frequently Asked Questions
BMNR and ETHA have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BMNR has higher volatility (22.35%) compared to ETHA (16.93%). In terms of maximum drawdown, BMNR dropped -90.14% vs ETHA's -67.91%.
ETHA currently has the higher Sharpe Ratio (-0.55 vs -0.60), 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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