ETHT vs. BMNR
ETHT (ProShares Ultra Ether ETF) is Cryptocurrency fund tracking the Bloomberg Ethereum Index (200%), while BMNR (BitMine Immersion Technologies, Inc.) is a stock. Over the past year, ETHT returned -82.70% vs -64.02% for BMNR. A 0.72 correlation means they provide meaningful diversification when combined.
Performance
ETHT vs. BMNR - Performance Comparison
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Returns By Period
In the year-to-date period, ETHT achieves a -75.07% return, which is significantly lower than BMNR's -46.19% return.
ETHT
- 1D
- -2.20%
- 1M
- 8.91%
- 6M
- -76.81%
- YTD
- -75.07%
- 1Y
- -82.70%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BMNR
- 1D
- -2.47%
- 1M
- -9.31%
- 6M
- -53.07%
- YTD
- -46.19%
- 1Y
- -64.02%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETHT vs. BMNR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ETHT ProShares Ultra Ether ETF | -75.07% | -14.35% |
BMNR BitMine Immersion Technologies, Inc. | -46.19% | 274.59% |
Correlation
The correlation between ETHT and BMNR is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2025 | 0.72 |
The correlation between ETHT and BMNR shifts across timeframes, from 0.72 (all time) to 0.82 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ETHT vs. BMNR — Risk / Return Rank
ETHT
BMNR
ETHT vs. BMNR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Ether ETF (ETHT) 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.
| ETHT | BMNR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 0.92 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.88 | -0.81 | -0.07 |
| Martin ratioReturn relative to average drawdown | -1.20 | -1.21 | +0.01 |
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Drawdowns
ETHT vs. BMNR - Drawdown Comparison
The maximum ETHT drawdown since its inception was -96.25%, which is greater than BMNR's maximum drawdown of -90.14%. Use the drawdown chart below to compare losses from any high point for ETHT and BMNR.
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Drawdown Indicators
| ETHT | BMNR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.25% | -90.14% | -6.11% |
Max Drawdown (1Y)Largest decline over 1 year | -94.27% | -78.94% | -15.33% |
Current DrawdownCurrent decline from peak | -95.22% | -89.17% | -6.05% |
Average DrawdownAverage peak-to-trough decline | -68.38% | -72.09% | +3.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 69.01% | 53.10% | +15.91% |
Volatility
ETHT vs. BMNR - Volatility Comparison
ProShares Ultra Ether ETF (ETHT) has a higher volatility of 31.73% compared to BitMine Immersion Technologies, Inc. (BMNR) at 20.11%. This indicates that ETHT's price experiences larger fluctuations and is considered to be riskier 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
| ETHT | BMNR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 31.73% | 20.11% | +11.62% |
Volatility (6M)Calculated over the trailing 6-month period | 95.10% | 57.72% | +37.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 136.16% | 99.38% | +36.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 142.24% | 686.08% | -543.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 142.24% | 686.08% | -543.84% |
Dividends
ETHT vs. BMNR - Dividend Comparison
ETHT's dividend yield for the trailing twelve months is around 19.20%, more than BMNR's 0.07% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BMNR BitMine Immersion Technologies, Inc. | 0.07% | 0.04% | 0.00% |
ETHT ProShares Ultra Ether ETF | 19.20% | 4.57% | 0.02% |
Frequently Asked Questions
ETHT and BMNR have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ETHT has higher volatility (31.73%) compared to BMNR (20.11%). In terms of maximum drawdown, ETHT dropped -96.25% vs BMNR's -90.14%.
ETHT currently has the higher Sharpe Ratio (-0.61 vs -0.65), 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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