BMNR vs. TBIL
BMNR (BitMine Immersion Technologies, Inc.) is a stock, while TBIL (F/m US Treasury 3 Month Bill ETF) is Ultrashort Bond fund tracking the Bloomberg US Treasury Bellwether 3M Total Return USD Unhedged Index. Over the past year, BMNR returned -65.53% vs 3.89% for TBIL. At a correlation of -0.04, they often move in opposite directions.
Performance
BMNR vs. TBIL - Performance Comparison
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Returns By Period
In the year-to-date period, BMNR achieves a -43.13% return, which is significantly lower than TBIL's 1.93% return.
BMNR
- 1D
- -2.22%
- 1M
- -4.75%
- 6M
- -49.98%
- YTD
- -43.13%
- 1Y
- -65.53%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TBIL
- 1D
- 0.02%
- 1M
- 0.29%
- 6M
- 1.79%
- YTD
- 1.93%
- 1Y
- 3.89%
- 3Y*
- 4.58%
- 5Y*
- —
- 10Y*
- —
BMNR vs. TBIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BMNR BitMine Immersion Technologies, Inc. | -43.13% | 274.59% |
TBIL F/m US Treasury 3 Month Bill ETF | 1.93% | 2.39% |
Correlation
The correlation between BMNR and TBIL is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2025 | -0.04 |
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Return for Risk
BMNR vs. TBIL — Risk / Return Rank
BMNR
TBIL
BMNR vs. TBIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BitMine Immersion Technologies, Inc. (BMNR) and F/m US Treasury 3 Month Bill ETF (TBIL). 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 | TBIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -14.58 | ||
| Sortino ratioReturn per unit of downside risk | -65.32 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 20.57 | -19.66 |
| Calmar ratioReturn relative to maximum drawdown | -0.83 | 194.74 | -195.57 |
| Martin ratioReturn relative to average drawdown | -1.22 | 1,042.78 | -1,044.00 |
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Drawdowns
BMNR vs. TBIL - Drawdown Comparison
The maximum BMNR drawdown since its inception was -90.14%, which is greater than TBIL's maximum drawdown of -0.10%. Use the drawdown chart below to compare losses from any high point for BMNR and TBIL.
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Drawdown Indicators
| BMNR | TBIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.14% | -0.10% | -90.04% |
Max Drawdown (1Y)Largest decline over 1 year | -78.94% | -0.02% | -78.92% |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.02% | — |
Current DrawdownCurrent decline from peak | -88.56% | 0.00% | -88.56% |
Average DrawdownAverage peak-to-trough decline | -72.26% | -0.00% | -72.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 53.72% | 0.00% | +53.72% |
Volatility
BMNR vs. TBIL - Volatility Comparison
BitMine Immersion Technologies, Inc. (BMNR) has a higher volatility of 21.57% compared to F/m US Treasury 3 Month Bill ETF (TBIL) at 0.08%. This indicates that BMNR's price experiences larger fluctuations and is considered to be riskier than TBIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BMNR | TBIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.57% | 0.08% | +21.49% |
Volatility (6M)Calculated over the trailing 6-month period | 58.69% | 0.20% | +58.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 99.90% | 0.28% | +99.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 682.46% | 0.32% | +682.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 682.46% | 0.32% | +682.14% |
Dividends
BMNR vs. TBIL - Dividend Comparison
BMNR's dividend yield for the trailing twelve months is around 0.06%, less than TBIL's 3.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BMNR BitMine Immersion Technologies, Inc. | 0.06% | 0.04% | 0.00% | 0.00% | 0.00% |
TBIL F/m US Treasury 3 Month Bill ETF | 3.73% | 4.07% | 5.02% | 5.00% | 1.10% |
Frequently Asked Questions
BMNR and TBIL have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BMNR has higher volatility (21.57%) compared to TBIL (0.08%). In terms of maximum drawdown, BMNR dropped -90.14% vs TBIL's -0.10%.
TBIL currently has the higher Sharpe Ratio (13.92 vs -0.66), 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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