ETHA.DE vs. BMNR
ETHA.DE (21Shares Ethereum Staking ETP) is Cryptocurrency fund actively managed by 21Shares, while BMNR (BitMine Immersion Technologies, Inc.) is a stock. Over the past year, ETHA.DE returned -33.71% vs 215.35% for BMNR. A 0.54 correlation means they provide meaningful diversification when combined.
Performance
ETHA.DE vs. BMNR - Performance Comparison
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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
In the year-to-date period, ETHA.DE achieves a -45.84% return, which is significantly higher than BMNR's -48.46% return.
ETHA.DE
- 1D
- 0.00%
- 1M
- -23.09%
- YTD
- -45.84%
- 6M
- -45.24%
- 1Y
- -33.71%
- 3Y*
- -7.20%
- 5Y*
- —
- 10Y*
- —
BMNR
- 1D
- 1.70%
- 1M
- -26.40%
- YTD
- -48.46%
- 6M
- -50.47%
- 1Y
- 215.35%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETHA.DE vs. BMNR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ETHA.DE 21Shares Ethereum Staking ETP | -45.84% | 8.99% |
BMNR BitMine Immersion Technologies, Inc. | -48.46% | 264.94% |
Correlation
The correlation between ETHA.DE and BMNR is 0.57, 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 | 0.57 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2025 | 0.54 |
The correlation between ETHA.DE and BMNR has been stable across timeframes, ranging from 0.54 to 0.57 - a consistent structural relationship.
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Return for Risk
ETHA.DE vs. BMNR — Risk / Return Rank
ETHA.DE
BMNR
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.
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.
| ETHA.DE | BMNR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.87 | ||
| Sortino ratioReturn per unit of downside risk | -8.93 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.99 | -1.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.51 | 2.41 | -2.93 |
| Martin ratioReturn relative to average drawdown | -0.86 | 2.88 | -3.74 |
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Drawdowns
ETHA.DE vs. BMNR - Drawdown Comparison
The maximum ETHA.DE drawdown since its inception was -76.82%, smaller than the maximum BMNR drawdown of -89.80%. Use the drawdown chart below to compare losses from any high point for ETHA.DE and BMNR.
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Drawdown Indicators
| ETHA.DE | BMNR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.82% | -89.80% | +12.98% |
Max Drawdown (1Y)Largest decline over 1 year | -65.69% | -89.80% | +24.11% |
Max Drawdown (3Y)Largest decline over 3 years | -65.69% | — | — |
Current DrawdownCurrent decline from peak | -68.10% | -89.62% | +21.52% |
Average DrawdownAverage peak-to-trough decline | -45.64% | -71.30% | +25.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 39.34% | 75.04% | -35.70% |
Volatility
ETHA.DE vs. BMNR - Volatility Comparison
The current volatility for 21Shares Ethereum Staking ETP (ETHA.DE) is 18.35%, while BitMine Immersion Technologies, Inc. (BMNR) has a volatility of 21.74%. This indicates that ETHA.DE 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
| ETHA.DE | BMNR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.35% | 21.74% | -3.39% |
Volatility (6M)Calculated over the trailing 6-month period | 40.87% | 58.07% | -17.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.46% | 712.98% | -653.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 66.57% | 694.50% | -627.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 66.57% | 694.50% | -627.93% |
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 0.07%.
| Position | TTM | 2025 |
|---|---|---|
BMNR BitMine Immersion Technologies, Inc. | 0.07% | 0.04% |
ETHA.DE 21Shares Ethereum Staking ETP | 0.00% | 0.00% |
Frequently Asked Questions
ETHA.DE and BMNR have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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