ETHA.DE vs. BMNR

Last updated Apr 2, 2026

Compare and contrast key facts about 21Shares Ethereum Staking ETP (ETHA.DE) and Bitmine Immersion Technologies Inc (BMNR).

ETHA.DE is an actively managed fund by 21Shares. It was launched on Mar 4, 2019.

Performance

ETHA.DE vs. BMNR - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in 21Shares Ethereum Staking ETP (ETHA.DE) and Bitmine Immersion Technologies Inc (BMNR). The values are adjusted to include any dividend payments, if applicable.

ETHA.DE vs. BMNR - Yearly Performance Comparison

	2026 (YTD)	2025
ETHA.DE 21Shares Ethereum Staking ETP	-27.43%	11.64%
BMNR Bitmine Immersion Technologies Inc	-26.36%	241.40%

Different Trading Currencies

ETHA.DE is traded in EUR, while BMNR is traded in USD. To make them comparable, the BMNR values have been converted to EUR using the latest available exchange rates.

Returns By Period

The year-to-date returns for both investments are quite close, with ETHA.DE having a -27.43% return and BMNR slightly higher at -26.36%.

ETHA.DE

• 1D: 2.64%
• 1M: 4.89%
• YTD: -27.43%
• 6M: -50.37%
• 1Y: 3.63%
• 3Y*: 2.74%
• 5Y*: 1.60%
• 10Y*: —

BMNR

• 1D: 0.00%
• 1M: 1.00%
• YTD: -26.36%
• 6M: -64.68%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

Return for Risk

ETHA.DE vs. BMNR — Risk / Return Rank

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

ETHA.DE

ETHA.DE Risk / Return Rank: 15
ETHA.DE Sharpe Ratio Rank: 13
ETHA.DE Sortino Ratio Rank: 19
ETHA.DE Omega Ratio Rank: 18
ETHA.DE Calmar Ratio Rank: 13
ETHA.DE Martin Ratio Rank: 13

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.

ETHA.DE vs. BMNR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 21Shares Ethereum Staking ETP (ETHA.DE) 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.

	ETHA.DE	BMNR	Difference
Sharpe ratio Return per unit of total volatility	0.06	—	—
Sortino ratio Return per unit of downside risk	0.56	—	—
Omega ratio Gain probability vs. loss probability	1.06	—	—
Calmar ratio Return relative to maximum drawdown	0.07	—	—
Martin ratio Return relative to average drawdown	0.15	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	ETHA.DE	BMNR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.06	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.00	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.01	0.26	-0.26

Correlation

The correlation between ETHA.DE and BMNR is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

ETHA.DE vs. BMNR - Dividend Comparison

ETHA.DE has not paid dividends to shareholders, while BMNR's dividend yield for the trailing twelve months is around 0.05%.

	TTM	2025
ETHA.DE 21Shares Ethereum Staking ETP	0.00%	0.00%
BMNR Bitmine Immersion Technologies Inc	0.05%	0.04%

Drawdowns

ETHA.DE vs. BMNR - Drawdown Comparison

The maximum ETHA.DE drawdown since its inception was -95.71%, which is greater than BMNR's maximum drawdown of -87.13%. Use the drawdown chart below to compare losses from any high point for ETHA.DE and BMNR.

Drawdown Indicators

	ETHA.DE	BMNR	Difference
Max Drawdown Largest peak-to-trough decline	-95.71%	-87.11%	-8.60%
Max Drawdown (1Y) Largest decline over 1 year	-60.95%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-95.71%	—	—
Current Drawdown Current decline from peak	-92.08%	-85.59%	-6.49%
Average Drawdown Average peak-to-trough decline	-88.55%	-67.84%	-20.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	29.20%	—	—

Volatility

Volatility by Period

	ETHA.DE	BMNR	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.92%	—	—
Volatility (6M) Calculated over the trailing 6-month period	45.41%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	65.31%	786.40%	-721.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	544.60%	786.40%	-241.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	541.03%	786.40%	-245.37%