BMNR vs. SOL-USD

Last updated Jun 13, 2026

BMNR (BitMine Immersion Technologies, Inc.) is a stock, while SOL-USD (Solana) is a cryptocurrency. Over the past year, BMNR returned 224.89% vs -50.88% for SOL-USD. At a 0.48 correlation, their price movements are largely independent.

Performance

BMNR vs. SOL-USD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BitMine Immersion Technologies, Inc. (BMNR) and Solana (SOL-USD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BMNR achieves a -40.66% return, which is significantly higher than SOL-USD's -42.88% return.

BMNR

• 1D: -2.48%
• 1M: -18.92%
• YTD: -40.66%
• 6M: -53.79%
• 1Y: 224.89%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SOL-USD

• 1D: 3.18%
• 1M: -20.29%
• YTD: -42.88%
• 6M: -45.07%
• 1Y: -50.88%
• 3Y*: 68.92%
• 5Y*: 11.55%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BMNR vs. SOL-USD - Yearly Performance Comparison

	2026 (YTD)	2025
BMNR BitMine Immersion Technologies, Inc.	-40.66%	274.59%
SOL-USD Solana	-42.88%	-18.84%

Correlation

The correlation between BMNR and SOL-USD is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.50
Correlation (All Time) Calculated using the full available price history since Jun 5, 2025	0.48

Return for Risk

BMNR vs. SOL-USD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BMNR

BMNR Risk / Return Rank: 79
BMNR Sharpe Ratio Rank: 52
BMNR Sortino Ratio Rank: 99
BMNR Omega Ratio Rank: 99
BMNR Calmar Ratio Rank: 77
BMNR Martin Ratio Rank: 66

SOL-USD

SOL-USD Risk / Return Rank: 54
SOL-USD Sharpe Ratio Rank: 46
SOL-USD Sortino Ratio Rank: 53
SOL-USD Omega Ratio Rank: 53
SOL-USD Calmar Ratio Rank: 63
SOL-USD Martin Ratio Rank: 54

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BMNR vs. SOL-USD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BitMine Immersion Technologies, Inc. (BMNR) and Solana (SOL-USD). 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	SOL-USD	Difference
Sharpe ratio: Return per unit of total volatility	0.26	-0.70	+0.97
Sortino ratio: Return per unit of downside risk	8.22	-0.86	+9.08
Omega ratio: Gain probability vs. loss probability	1.97	0.92	+1.05
Calmar ratio: Return relative to maximum drawdown	2.13	-0.68	+2.81
Martin ratio: Return relative to average drawdown	2.56	-1.09	+3.66

BMNR vs. SOL-USD - Sharpe Ratio Comparison

The current BMNR Sharpe Ratio is 0.26, which is higher than the SOL-USD Sharpe Ratio of -0.70. The chart below compares the historical Sharpe Ratios of BMNR and SOL-USD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BMNR vs. SOL-USD - Drawdown Comparison

The maximum BMNR drawdown since its inception was -88.41%, smaller than the maximum SOL-USD drawdown of -96.27%. Use the drawdown chart below to compare losses from any high point for BMNR and SOL-USD.

Drawdown Indicators

	BMNR	SOL-USD	Difference
Max Drawdown Largest peak-to-trough decline	-88.41%	-96.27%	+7.86%
Max Drawdown (1Y) Largest decline over 1 year	-88.41%	-74.89%	-13.52%
Max Drawdown (3Y) Largest decline over 3 years	—	-76.28%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-96.27%	—
Current Drawdown Current decline from peak	-88.06%	-72.87%	-15.19%
Average Drawdown Average peak-to-trough decline	-70.84%	-51.43%	-19.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	73.42%	53.24%	+20.18%

Volatility

BMNR vs. SOL-USD - Volatility Comparison

BitMine Immersion Technologies, Inc. (BMNR) has a higher volatility of 22.82% compared to Solana (SOL-USD) at 17.95%. This indicates that BMNR's price experiences larger fluctuations and is considered to be riskier than SOL-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BMNR	SOL-USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.82%	17.95%	+4.87%
Volatility (6M) Calculated over the trailing 6-month period	60.99%	46.96%	+14.03%
Volatility (1Y) Calculated over the trailing 1-year period	717.57%	60.11%	+657.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	710.73%	82.36%	+628.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	710.73%	99.80%	+610.93%

Frequently Asked Questions

Can I hold both BMNR and SOL-USD in my portfolio?

BMNR and SOL-USD have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BMNR or SOL-USD?

BMNR has higher volatility (22.82%) compared to SOL-USD (17.95%). In terms of maximum drawdown, BMNR dropped -88.41% vs SOL-USD's -96.27%.

Which has better risk-adjusted returns?

BMNR currently has the higher Sharpe Ratio (0.26 vs -0.70), 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.