BMNR vs. SBET
BMNR (BitMine Immersion Technologies, Inc.) and SBET (Sharplink, Inc.) are both stocks. Both are in the Financial Services sector — BMNR in Capital Markets, SBET in Asset Management. Over the past year, BMNR returned 244.14% vs -46.09% for SBET. A 0.70 correlation means they provide meaningful diversification when combined.
Performance
BMNR vs. SBET - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with BMNR having a -41.58% return and SBET slightly higher at -40.60%.
BMNR
- 1D
- -1.73%
- 1M
- -16.00%
- YTD
- -41.58%
- 6M
- -48.99%
- 1Y
- 244.14%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SBET
- 1D
- 0.38%
- 1M
- -14.77%
- YTD
- -40.60%
- 6M
- -44.51%
- 1Y
- -46.09%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BMNR vs. SBET - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BMNR BitMine Immersion Technologies, Inc. | -41.58% | 274.59% |
SBET Sharplink, Inc. | -40.60% | -84.90% |
Correlation
The correlation between BMNR and SBET is 0.74, 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 | 0.74 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2025 | 0.70 |
The correlation between BMNR and SBET has been stable across timeframes, ranging from 0.70 to 0.74 - a consistent structural relationship.
Fundamentals
BMNR:
-$0.06
SBET:
-$14.63
BMNR:
143.99K
SBET:
13.08
BMNR:
$16.71M
SBET:
$39.37M
BMNR:
$1.15M
SBET:
$37.65M
BMNR:
-$3.62B
SBET:
-$504.51M
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Return for Risk
BMNR vs. SBET — Risk / Return Rank
BMNR
SBET
BMNR vs. SBET - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BitMine Immersion Technologies, Inc. (BMNR) and Sharplink, Inc. (SBET). 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 | SBET | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.79 | ||
| Sortino ratioReturn per unit of downside risk | +8.64 | ||
| Omega ratioGain probability vs. loss probability | 2.01 | 0.98 | +1.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.78 | -0.54 | +3.32 |
| Martin ratioReturn relative to average drawdown | 3.30 | -0.68 | +3.98 |
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Drawdowns
BMNR vs. SBET - Drawdown Comparison
The maximum BMNR drawdown since its inception was -88.41%, smaller than the maximum SBET drawdown of -93.49%. Use the drawdown chart below to compare losses from any high point for BMNR and SBET.
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Drawdown Indicators
| BMNR | SBET | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.41% | -93.49% | +5.08% |
Max Drawdown (1Y)Largest decline over 1 year | -88.41% | -86.20% | -2.21% |
Current DrawdownCurrent decline from peak | -88.25% | -93.30% | +5.05% |
Average DrawdownAverage peak-to-trough decline | -71.16% | -66.14% | -5.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 74.36% | 68.25% | +6.11% |
Volatility
BMNR vs. SBET - Volatility Comparison
BitMine Immersion Technologies, Inc. (BMNR) has a higher volatility of 21.23% compared to Sharplink, Inc. (SBET) at 18.76%. This indicates that BMNR's price experiences larger fluctuations and is considered to be riskier than SBET based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BMNR | SBET | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.23% | 18.76% | +2.47% |
Volatility (6M)Calculated over the trailing 6-month period | 59.44% | 55.15% | +4.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 718.74% | 104.14% | +614.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 703.98% | 337.94% | +366.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 703.98% | 337.94% | +366.04% |
Dividends
BMNR vs. SBET - Dividend Comparison
BMNR's dividend yield for the trailing twelve months is around 0.06%, while SBET has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
BMNR BitMine Immersion Technologies, Inc. | 0.06% | 0.04% |
SBET Sharplink, Inc. | 0.00% | 0.00% |
Financials
BMNR vs. SBET - Financials Comparison
This section allows you to compare key financial metrics between BitMine Immersion Technologies, Inc. and Sharplink, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
BMNR and SBET have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BMNR has higher volatility (21.23%) compared to SBET (18.76%). In terms of maximum drawdown, BMNR dropped -88.41% vs SBET's -93.49%.
BMNR currently has the higher Sharpe Ratio (0.34 vs -0.44), 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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