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 -63.11% vs -82.31% for ETHT. A 0.72 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 -44.83% return, which is significantly higher than ETHT's -74.51% return.
BMNR
- 1D
- 1.97%
- 1M
- -7.01%
- 6M
- -50.17%
- YTD
- -44.83%
- 1Y
- -63.11%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETHT
- 1D
- 5.07%
- 1M
- 11.36%
- 6M
- -75.81%
- YTD
- -74.51%
- 1Y
- -82.31%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BMNR vs. ETHT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BMNR BitMine Immersion Technologies, Inc. | -44.83% | 274.59% |
ETHT ProShares Ultra Ether ETF | -74.51% | -14.35% |
Correlation
The correlation between BMNR and ETHT is 0.80, 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 | 0.80 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2025 | 0.72 |
The correlation between BMNR and ETHT has been stable across timeframes, ranging from 0.72 to 0.80 - 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 | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.24 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 0.92 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.86 | -0.85 | -0.01 |
| Martin ratioReturn relative to average drawdown | -1.28 | -1.16 | -0.11 |
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Drawdowns
BMNR vs. ETHT - Drawdown Comparison
The maximum BMNR drawdown since its inception was -90.14%, smaller than the maximum ETHT drawdown of -96.25%. 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 | -90.14% | -96.25% | +6.11% |
Max Drawdown (1Y)Largest decline over 1 year | -78.94% | -94.27% | +15.33% |
Current DrawdownCurrent decline from peak | -88.90% | -95.11% | +6.21% |
Average DrawdownAverage peak-to-trough decline | -72.02% | -68.33% | -3.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 52.94% | 68.76% | -15.82% |
Volatility
BMNR vs. ETHT - Volatility Comparison
The current volatility for BitMine Immersion Technologies, Inc. (BMNR) is 20.25%, while ProShares Ultra Ether ETF (ETHT) has a volatility of 31.86%. 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 | 20.25% | 31.86% | -11.61% |
Volatility (6M)Calculated over the trailing 6-month period | 57.80% | 95.10% | -37.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 104.46% | 136.61% | -32.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 687.32% | 142.37% | +544.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 687.32% | 142.37% | +544.95% |
Dividends
BMNR vs. ETHT - Dividend Comparison
BMNR's dividend yield for the trailing twelve months is around 0.07%, less than ETHT's 18.78% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BMNR BitMine Immersion Technologies, Inc. | 0.07% | 0.04% | 0.00% |
ETHT ProShares Ultra Ether ETF | 18.78% | 4.57% | 0.02% |
Frequently Asked Questions
BMNR and ETHT have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ETHT has higher volatility (31.86%) compared to BMNR (20.25%). In terms of maximum drawdown, BMNR dropped -90.14% vs ETHT's -96.25%.
ETHT currently has the higher Sharpe Ratio (-0.59 vs -0.68), 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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