BMNR vs. ETHT
BMNR (BitMine Immersion Technologies, Inc.) is a stock, while ETHT (ProShares Ultra Ether ETF) is Cryptocurrency fund tracking the Bloomberg Ethereum Index (200%). Over the past year, BMNR returned 244.14% vs -74.56% for ETHT. A 0.71 correlation means they provide meaningful diversification when combined.
Performance
BMNR vs. ETHT - Performance Comparison
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Returns By Period
In the year-to-date period, BMNR achieves a -41.58% return, which is significantly higher than ETHT's -75.59% return.
BMNR
- 1D
- -1.73%
- 1M
- -16.00%
- YTD
- -41.58%
- 6M
- -48.99%
- 1Y
- 244.14%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETHT
- 1D
- 3.16%
- 1M
- -33.42%
- YTD
- -75.59%
- 6M
- -75.81%
- 1Y
- -74.56%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BMNR vs. ETHT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BMNR BitMine Immersion Technologies, Inc. | -41.58% | 274.59% |
ETHT ProShares Ultra Ether ETF | -75.59% | -14.35% |
Correlation
The correlation between BMNR and ETHT is 0.75, 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 | 0.75 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2025 | 0.71 |
The correlation between BMNR and ETHT has been stable across timeframes, ranging from 0.71 to 0.75 - a consistent structural relationship.
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Return for Risk
BMNR vs. ETHT — Risk / Return Rank
BMNR
ETHT
BMNR vs. ETHT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BitMine Immersion Technologies, Inc. (BMNR) and ProShares Ultra Ether ETF (ETHT). 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 | ETHT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.89 | ||
| Sortino ratioReturn per unit of downside risk | +8.92 | ||
| Omega ratioGain probability vs. loss probability | 2.01 | 0.95 | +1.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.78 | -0.80 | +3.58 |
| Martin ratioReturn relative to average drawdown | 3.30 | -1.14 | +4.44 |
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Drawdowns
BMNR vs. ETHT - Drawdown Comparison
The maximum BMNR drawdown since its inception was -88.41%, smaller than the maximum ETHT drawdown of -96.02%. Use the drawdown chart below to compare losses from any high point for BMNR and ETHT.
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Drawdown Indicators
| BMNR | ETHT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.41% | -96.02% | +7.61% |
Max Drawdown (1Y)Largest decline over 1 year | -88.41% | -93.92% | +5.51% |
Current DrawdownCurrent decline from peak | -88.25% | -95.32% | +7.07% |
Average DrawdownAverage peak-to-trough decline | -71.16% | -67.63% | -3.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 74.36% | 65.41% | +8.95% |
Volatility
BMNR vs. ETHT - Volatility Comparison
The current volatility for BitMine Immersion Technologies, Inc. (BMNR) is 21.23%, while ProShares Ultra Ether ETF (ETHT) has a volatility of 39.52%. This indicates that BMNR experiences smaller price fluctuations and is considered to be less risky than ETHT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BMNR | ETHT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.23% | 39.52% | -18.29% |
Volatility (6M)Calculated over the trailing 6-month period | 59.44% | 94.60% | -35.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 718.74% | 137.92% | +580.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 703.98% | 143.23% | +560.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 703.98% | 143.23% | +560.75% |
Dividends
BMNR vs. ETHT - Dividend Comparison
BMNR's dividend yield for the trailing twelve months is around 0.06%, less than ETHT's 19.46% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BMNR BitMine Immersion Technologies, Inc. | 0.06% | 0.04% | 0.00% |
ETHT ProShares Ultra Ether ETF | 19.46% | 4.57% | 0.02% |
Frequently Asked Questions
BMNR and ETHT have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ETHT has higher volatility (39.52%) compared to BMNR (21.23%). In terms of maximum drawdown, BMNR dropped -88.41% vs ETHT's -96.02%.
BMNR currently has the higher Sharpe Ratio (0.34 vs -0.54), 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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