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 -47.09% vs -45.44% for BMNR. Their 0.53 correlation means they have sometimes moved together and sometimes differently.
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 -37.82% return and BMNR slightly higher at -36.35%.
ETH-USD
- 1D
- -0.86%
- 1M
- 8.60%
- 6M
- -24.69%
- YTD
- -37.82%
- 1Y
- -47.09%
- 3Y*
- 0.11%
- 5Y*
- -6.69%
- 10Y*
- 67.39%
- ALL TIME*
- 79.43%
BMNR
- 1D
- -4.42%
- 1M
- 20.33%
- 6M
- -31.16%
- YTD
- -36.35%
- 1Y
- -45.44%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 112.50%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $649.87M | $588.80M | $654.98M | |
ETH-USD Ethereum | $18.45T | $18.68T | $26.36T |
ETH-USD vs. BMNR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ETH-USD Ethereum | -37.82% | 13.71% |
BMNR BitMine Immersion Technologies, Inc. | -36.35% | 274.59% |
Correlation
The correlation between ETH-USD and BMNR is 0.62, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2025 | 0.53 |
The correlation between ETH-USD and BMNR has been stable across timeframes, ranging from 0.53 to 0.62 - 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 | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.57 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 0.97 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.70 | -0.64 | -0.06 |
| Martin ratioReturn relative to average drawdown | -1.03 | -0.90 | -0.13 |
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Drawdowns
ETH-USD vs. BMNR - Drawdown Comparison
The maximum ETH-USD drawdown since its inception was -94.01%, roughly equal to the maximum BMNR drawdown of -90.14%. 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% | -90.14% | -3.87% |
Max Drawdown (1Y)Largest decline over 1 year | -67.60% | -78.94% | +11.34% |
Max Drawdown (3Y)Largest decline over 3 years | -67.60% | — | — |
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 | -61.82% | -87.20% | +25.38% |
Average DrawdownAverage peak-to-trough decline | -51.04% | -72.84% | +21.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.80% | 55.66% | -20.86% |
Volatility
ETH-USD vs. BMNR - Volatility Comparison
The current volatility for Ethereum (ETH-USD) is 11.94%, while BitMine Immersion Technologies, Inc. (BMNR) has a volatility of 25.80%. 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 | 11.94% | 25.80% | -13.86% |
Volatility (6M)Calculated over the trailing 6-month period | 44.30% | 59.75% | -15.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.89% | 99.30% | -44.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.51% | 669.63% | -611.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 76.22% | 669.63% | -593.41% |
Frequently Asked Questions
ETH-USD and BMNR have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BMNR has higher volatility (25.80%) compared to ETH-USD (11.94%). In terms of maximum drawdown, ETH-USD dropped -94.01% vs BMNR's -90.14%.
BMNR currently has the higher Sharpe Ratio (-0.51 vs -0.72), 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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