BMNR vs. IBIT
BMNR (BitMine Immersion Technologies, Inc.) is a stock, while IBIT (iShares Bitcoin Trust ETF) is Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Over the past year, BMNR returned 243.96% vs -39.82% for IBIT. A 0.67 correlation means they provide meaningful diversification when combined.
Performance
BMNR vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, BMNR achieves a -44.27% return, which is significantly lower than IBIT's -28.88% return.
BMNR
- 1D
- -4.60%
- 1M
- -19.86%
- YTD
- -44.27%
- 6M
- -49.19%
- 1Y
- 243.96%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBIT
- 1D
- -3.26%
- 1M
- -17.81%
- YTD
- -28.88%
- 6M
- -28.88%
- 1Y
- -39.82%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BMNR vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BMNR BitMine Immersion Technologies, Inc. | -44.27% | 274.59% |
IBIT iShares Bitcoin Trust ETF | -28.88% | -16.75% |
Correlation
The correlation between BMNR and IBIT 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 (1Y) Calculated over the trailing 1-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2025 | 0.67 |
The correlation between BMNR and IBIT has been stable across timeframes, ranging from 0.67 to 0.72 - a consistent structural relationship.
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Return for Risk
BMNR vs. IBIT — Risk / Return Rank
BMNR
IBIT
BMNR vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BitMine Immersion Technologies, Inc. (BMNR) and iShares Bitcoin Trust ETF (IBIT). 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 | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.24 | ||
| Sortino ratioReturn per unit of downside risk | +9.74 | ||
| Omega ratioGain probability vs. loss probability | 2.01 | 0.86 | +1.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.77 | -0.77 | +3.53 |
| Martin ratioReturn relative to average drawdown | 3.29 | -1.30 | +4.59 |
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Drawdowns
BMNR vs. IBIT - Drawdown Comparison
The maximum BMNR drawdown since its inception was -88.79%, which is greater than IBIT's maximum drawdown of -52.11%. Use the drawdown chart below to compare losses from any high point for BMNR and IBIT.
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Drawdown Indicators
| BMNR | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.79% | -52.11% | -36.68% |
Max Drawdown (1Y)Largest decline over 1 year | -88.79% | -52.11% | -36.68% |
Current DrawdownCurrent decline from peak | -88.79% | -50.47% | -38.32% |
Average DrawdownAverage peak-to-trough decline | -71.23% | -16.85% | -54.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 74.57% | 30.58% | +43.99% |
Volatility
BMNR vs. IBIT - Volatility Comparison
BitMine Immersion Technologies, Inc. (BMNR) has a higher volatility of 21.43% compared to iShares Bitcoin Trust ETF (IBIT) at 13.18%. This indicates that BMNR's price experiences larger fluctuations and is considered to be riskier than IBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BMNR | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.43% | 13.18% | +8.25% |
Volatility (6M)Calculated over the trailing 6-month period | 59.53% | 34.64% | +24.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 717.35% | 44.31% | +673.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 702.67% | 50.22% | +652.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 702.67% | 50.22% | +652.45% |
Dividends
BMNR vs. IBIT - Dividend Comparison
BMNR's dividend yield for the trailing twelve months is around 0.07%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
BMNR BitMine Immersion Technologies, Inc. | 0.07% | 0.04% |
IBIT iShares Bitcoin Trust ETF | 0.00% | 0.00% |
Frequently Asked Questions
BMNR and IBIT 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.
BMNR has higher volatility (21.43%) compared to IBIT (13.18%). In terms of maximum drawdown, BMNR dropped -88.79% vs IBIT's -52.11%.
BMNR currently has the higher Sharpe Ratio (0.34 vs -0.90), 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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