ETHA.DE vs. BMNR

Last updated Jun 5, 2026

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 -32.56% vs 103.86% for BMNR. A 0.53 correlation means they provide meaningful diversification when combined.

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.

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 stocks are quite close, with ETHA.DE having a -39.59% return and BMNR slightly lower at -40.29%.

ETHA.DE

• 1D: -3.89%
• 1M: -23.90%
• YTD: -39.59%
• 6M: -41.48%
• 1Y: -32.56%
• 3Y*: -4.07%
• 5Y*: -6.03%
• 10Y*: —

BMNR

• 1D: -10.41%
• 1M: -29.23%
• YTD: -40.29%
• 6M: -52.81%
• 1Y: 103.86%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ETHA.DE vs. BMNR - Yearly Performance Comparison

	2026 (YTD)	2025
ETHA.DE 21Shares Ethereum Staking ETP	-39.59%	11.64%
BMNR BitMine Immersion Technologies, Inc.	-40.29%	241.40%

Correlation

The correlation between ETHA.DE and BMNR is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 6, 2025	0.53

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: 5
ETHA.DE Sharpe Ratio Rank: 4
ETHA.DE Sortino Ratio Rank: 5
ETHA.DE Omega Ratio Rank: 5
ETHA.DE Calmar Ratio Rank: 4
ETHA.DE Martin Ratio Rank: 5

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	-0.57	—	—
Sortino ratio: Return per unit of downside risk	-0.57	—	—
Omega ratio: Gain probability vs. loss probability	0.94	—	—
Calmar ratio: Return relative to maximum drawdown	-0.55	—	—
Martin ratio: Return relative to average drawdown	-0.94	—	—
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	-0.57	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.09	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.01	0.15	-0.16

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 -87.98%. 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	-76.82%	-87.98%	+11.16%
Max Drawdown (1Y) Largest decline over 1 year	-61.72%	-87.98%	+26.26%
Max Drawdown (3Y) Largest decline over 3 years	-64.71%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-76.82%	—	—
Current Drawdown Current decline from peak	-64.41%	-87.98%	+23.57%
Average Drawdown Average peak-to-trough decline	-43.74%	-70.64%	+26.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	36.35%	—	—

Volatility

Volatility by Period

	ETHA.DE	BMNR	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.14%	—	—
Volatility (6M) Calculated over the trailing 6-month period	42.04%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	59.62%	714.71%	-655.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	67.07%	714.71%	-647.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	69.50%	714.71%	-645.21%

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 0.06%.

Position	TTM	2025
BMNR BitMine Immersion Technologies, Inc.	0.06%	0.04%
ETHA.DE 21Shares Ethereum Staking ETP	0.00%	0.00%

Frequently Asked Questions

Can I hold both ETHA.DE and BMNR in my portfolio?

ETHA.DE and BMNR have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.