BMNR vs. SMH
BMNR (BitMine Immersion Technologies, Inc.) is a stock, while SMH (VanEck Semiconductor ETF) is Semiconductors fund tracking the MVIS US Listed Semiconductor 25 Index. Over the past year, BMNR returned 224.89% vs 141.99% for SMH. At a 0.41 correlation, their price movements are largely independent.
Performance
BMNR vs. SMH - Performance Comparison
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Returns By Period
In the year-to-date period, BMNR achieves a -40.66% return, which is significantly lower than SMH's 72.15% return.
BMNR
- 1D
- -2.48%
- 1M
- -18.92%
- YTD
- -40.66%
- 6M
- -53.79%
- 1Y
- 224.89%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SMH
- 1D
- 1.72%
- 1M
- 11.44%
- YTD
- 72.15%
- 6M
- 75.62%
- 1Y
- 141.99%
- 3Y*
- 60.05%
- 5Y*
- 38.42%
- 10Y*
- 37.49%
BMNR vs. SMH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BMNR BitMine Immersion Technologies, Inc. | -40.66% | 274.59% |
SMH VanEck Semiconductor ETF | 72.15% | 43.50% |
Correlation
The correlation between BMNR and SMH is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2025 | 0.41 |
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Return for Risk
BMNR vs. SMH — Risk / Return Rank
BMNR
SMH
BMNR vs. SMH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BitMine Immersion Technologies, Inc. (BMNR) and VanEck Semiconductor ETF (SMH). 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 | SMH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.87 | ||
| Sortino ratioReturn per unit of downside risk | +3.96 | ||
| Omega ratioGain probability vs. loss probability | 1.97 | 1.60 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 2.13 | 9.18 | -7.05 |
| Martin ratioReturn relative to average drawdown | 2.56 | 33.74 | -31.17 |
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Drawdowns
BMNR vs. SMH - Drawdown Comparison
The maximum BMNR drawdown since its inception was -88.41%, roughly equal to the maximum SMH drawdown of -84.96%. Use the drawdown chart below to compare losses from any high point for BMNR and SMH.
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Drawdown Indicators
| BMNR | SMH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.41% | -84.96% | -3.45% |
Max Drawdown (1Y)Largest decline over 1 year | -88.41% | -14.93% | -73.48% |
Max Drawdown (3Y)Largest decline over 3 years | — | -35.74% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -45.30% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.30% | — |
Current DrawdownCurrent decline from peak | -88.06% | -2.81% | -85.25% |
Average DrawdownAverage peak-to-trough decline | -70.84% | -41.04% | -29.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 73.42% | 4.06% | +69.36% |
Volatility
BMNR vs. SMH - Volatility Comparison
BitMine Immersion Technologies, Inc. (BMNR) has a higher volatility of 22.82% compared to VanEck Semiconductor ETF (SMH) at 16.25%. This indicates that BMNR's price experiences larger fluctuations and is considered to be riskier than SMH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BMNR | SMH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.82% | 16.25% | +6.57% |
Volatility (6M)Calculated over the trailing 6-month period | 60.99% | 27.73% | +33.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 717.57% | 33.20% | +684.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 710.73% | 35.47% | +675.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 710.73% | 32.82% | +677.91% |
Dividends
BMNR vs. SMH - Dividend Comparison
BMNR's dividend yield for the trailing twelve months is around 0.06%, less than SMH's 0.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BMNR BitMine Immersion Technologies, Inc. | 0.06% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SMH VanEck Semiconductor ETF | 0.18% | 0.31% | 0.44% | 0.60% | 1.18% | 0.51% | 0.69% | 1.50% | 1.88% | 1.43% | 0.80% | 2.14% |
Frequently Asked Questions
BMNR and SMH have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BMNR has higher volatility (22.82%) compared to SMH (16.25%). In terms of maximum drawdown, BMNR dropped -88.41% vs SMH's -84.96%.
SMH currently has the higher Sharpe Ratio (4.13 vs 0.26), 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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