BMNR vs. ETHA

Last updated Jun 4, 2026

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. A 0.72 correlation means they provide meaningful diversification when combined.

Performance

BMNR vs. ETHA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bitmine Immersion Technologies Inc (BMNR) and iShares Ethereum Trust ETF (ETHA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with BMNR having a -37.75% return and ETHA slightly lower at -39.46%.

BMNR

• 1D: -5.95%
• 1M: -25.84%
• YTD: -37.75%
• 6M: -49.78%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ETHA

• 1D: -5.56%
• 1M: -23.58%
• YTD: -39.46%
• 6M: -42.75%
• 1Y: -31.79%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BMNR vs. ETHA - Yearly Performance Comparison

	2026 (YTD)	2025
BMNR Bitmine Immersion Technologies Inc	-37.75%	250.43%
ETHA iShares Ethereum Trust ETF	-39.46%	17.13%

Correlation

The correlation between BMNR and ETHA is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 6, 2025	0.72

Return for Risk

BMNR vs. ETHA — Risk / Return Rank

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

ETHA

ETHA Risk / Return Rank: 5
ETHA Sharpe Ratio Rank: 5
ETHA Sortino Ratio Rank: 5
ETHA Omega Ratio Rank: 5
ETHA Calmar Ratio Rank: 4
ETHA Martin Ratio Rank: 5

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. 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	BMNR	ETHA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.47	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.17	-0.41	+0.58

Drawdowns

BMNR vs. ETHA - Drawdown Comparison

The maximum BMNR drawdown since its inception was -87.48%, which is greater than ETHA's maximum drawdown of -64.02%. Use the drawdown chart below to compare losses from any high point for BMNR and ETHA.

Drawdown Indicators

	BMNR	ETHA	Difference
Max Drawdown Largest peak-to-trough decline	-87.48%	-64.02%	-23.46%
Max Drawdown (1Y) Largest decline over 1 year	—	-62.89%	—
Current Drawdown Current decline from peak	-87.48%	-62.89%	-24.59%
Average Drawdown Average peak-to-trough decline	-70.64%	-32.65%	-37.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	37.73%	—

Volatility

Volatility by Period

	BMNR	ETHA	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	10.15%	—
Volatility (6M) Calculated over the trailing 6-month period	—	46.25%	—
Volatility (1Y) Calculated over the trailing 1-year period	721.86%	68.61%	+653.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	721.86%	72.53%	+649.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	721.86%	72.53%	+649.33%

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

Can I hold both BMNR and ETHA in my portfolio?

BMNR and ETHA have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.