ETH-USD vs. BMNR
ETH-USD (Ethereum) is a cryptocurrency, while BMNR (BitMine Immersion Technologies, Inc.) is a stock. Over the past year, ETH-USD returned -24.86% vs 250.21% for BMNR. A 0.52 correlation means they provide meaningful diversification when combined.
Performance
ETH-USD vs. BMNR - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with ETH-USD having a -41.82% return and BMNR slightly higher at -40.55%.
ETH-USD
- 1D
- -0.70%
- 1M
- -16.34%
- YTD
- -41.82%
- 6M
- -42.49%
- 1Y
- -24.86%
- 3Y*
- -2.67%
- 5Y*
- -1.71%
- 10Y*
- 62.07%
BMNR
- 1D
- 2.80%
- 1M
- -14.51%
- YTD
- -40.55%
- 6M
- -48.53%
- 1Y
- 250.21%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETH-USD vs. BMNR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ETH-USD Ethereum | -41.82% | 13.71% |
BMNR BitMine Immersion Technologies, Inc. | -40.55% | 274.59% |
Correlation
The correlation between ETH-USD and BMNR is 0.55, 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 | 0.55 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2025 | 0.52 |
The correlation between ETH-USD and BMNR has been stable across timeframes, ranging from 0.52 to 0.55 - a consistent structural relationship.
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Return for Risk
ETH-USD vs. BMNR — Risk / Return Rank
ETH-USD
BMNR
ETH-USD vs. BMNR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ethereum (ETH-USD) and BitMine Immersion Technologies, Inc. (BMNR). 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.
| ETH-USD | BMNR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.71 | ||
| Sortino ratioReturn per unit of downside risk | -8.61 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 2.01 | -1.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.37 | 2.77 | -3.14 |
| Martin ratioReturn relative to average drawdown | -0.62 | 3.30 | -3.92 |
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Drawdowns
ETH-USD vs. BMNR - Drawdown Comparison
The maximum ETH-USD drawdown since its inception was -94.01%, which is greater than BMNR's maximum drawdown of -88.41%. Use the drawdown chart below to compare losses from any high point for ETH-USD and BMNR.
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Drawdown Indicators
| ETH-USD | BMNR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.01% | -88.41% | -5.60% |
Max Drawdown (1Y)Largest decline over 1 year | -67.53% | -88.41% | +20.88% |
Max Drawdown (3Y)Largest decline over 3 years | -67.53% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -79.35% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -94.01% | — | — |
Current DrawdownCurrent decline from peak | -64.27% | -88.04% | +23.77% |
Average DrawdownAverage peak-to-trough decline | -50.92% | -71.10% | +20.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 41.86% | 74.16% | -32.30% |
Volatility
ETH-USD vs. BMNR - Volatility Comparison
The current volatility for Ethereum (ETH-USD) is 18.05%, while BitMine Immersion Technologies, Inc. (BMNR) has a volatility of 21.78%. This indicates that ETH-USD experiences smaller price fluctuations and is considered to be less risky than BMNR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETH-USD | BMNR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.05% | 21.78% | -3.73% |
Volatility (6M)Calculated over the trailing 6-month period | 46.07% | 59.76% | -13.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.12% | 717.33% | -661.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.16% | 705.31% | -646.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 77.05% | 705.31% | -628.26% |
Frequently Asked Questions
ETH-USD and BMNR have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BMNR has higher volatility (21.78%) compared to ETH-USD (18.05%). In terms of maximum drawdown, ETH-USD dropped -94.01% vs BMNR's -88.41%.
BMNR currently has the higher Sharpe Ratio (0.34 vs -0.37), 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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