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 -38.02% vs -63.11% for BMNR. A 0.53 correlation means they provide meaningful diversification when combined.
Performance
ETH-USD vs. BMNR - Performance Comparison
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Returns By Period
In the year-to-date period, ETH-USD achieves a -38.49% return, which is significantly higher than BMNR's -44.83% return.
ETH-USD
- 1D
- 2.13%
- 1M
- 9.57%
- 6M
- -41.49%
- YTD
- -38.49%
- 1Y
- -38.02%
- 3Y*
- -3.10%
- 5Y*
- -1.22%
- 10Y*
- 65.81%
BMNR
- 1D
- 1.97%
- 1M
- -7.01%
- 6M
- -50.17%
- YTD
- -44.83%
- 1Y
- -63.11%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETH-USD vs. BMNR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ETH-USD Ethereum | -38.49% | 13.71% |
BMNR BitMine Immersion Technologies, Inc. | -44.83% | 274.59% |
Correlation
The correlation between ETH-USD and BMNR is 0.61, 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 | 0.61 |
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 0.61 - 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 | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.38 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 0.90 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.56 | -0.86 | +0.29 |
| Martin ratioReturn relative to average drawdown | -0.88 | -1.28 | +0.40 |
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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 | -62.23% | -88.90% | +26.67% |
Average DrawdownAverage peak-to-trough decline | -50.99% | -72.02% | +21.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 36.62% | 52.94% | -16.32% |
Volatility
ETH-USD vs. BMNR - Volatility Comparison
The current volatility for Ethereum (ETH-USD) is 12.64%, while BitMine Immersion Technologies, Inc. (BMNR) has a volatility of 20.25%. 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 | 12.64% | 20.25% | -7.61% |
Volatility (6M)Calculated over the trailing 6-month period | 46.73% | 57.80% | -11.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.18% | 104.46% | -49.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.72% | 687.32% | -628.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 76.84% | 687.32% | -610.48% |
Frequently Asked Questions
ETH-USD and BMNR have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BMNR has higher volatility (20.25%) compared to ETH-USD (12.64%). In terms of maximum drawdown, ETH-USD dropped -94.01% vs BMNR's -90.14%.
ETH-USD currently has the higher Sharpe Ratio (-0.57 vs -0.68), 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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