ETHU vs. BMNR
ETHU (Volatility Shares 2x Ether ETF) is Leveraged Cryptocurrency fund actively managed by Volatility Shares, while BMNR (BitMine Immersion Technologies, Inc.) is a stock. Over the past year, ETHU returned -78.84% vs 204.90% for BMNR. A 0.72 correlation means they provide meaningful diversification when combined.
Performance
ETHU vs. BMNR - Performance Comparison
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Returns By Period
In the year-to-date period, ETHU achieves a -79.57% return, which is significantly lower than BMNR's -50.94% return.
ETHU
- 1D
- -3.56%
- 1M
- -46.59%
- YTD
- -79.57%
- 6M
- -79.19%
- 1Y
- -78.84%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BMNR
- 1D
- -4.99%
- 1M
- -30.63%
- YTD
- -50.94%
- 6M
- -54.62%
- 1Y
- 204.90%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETHU vs. BMNR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ETHU Volatility Shares 2x Ether ETF | -79.57% | -14.37% |
BMNR BitMine Immersion Technologies, Inc. | -50.94% | 274.59% |
Correlation
The correlation between ETHU and BMNR is 0.75, 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 | 0.75 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2025 | 0.72 |
The correlation between ETHU and BMNR has been stable across timeframes, ranging from 0.72 to 0.75 - a consistent structural relationship.
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Return for Risk
ETHU vs. BMNR — Risk / Return Rank
ETHU
BMNR
ETHU vs. BMNR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Volatility Shares 2x Ether ETF (ETHU) 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.
| ETHU | BMNR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.86 | ||
| Sortino ratioReturn per unit of downside risk | -8.92 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.98 | -1.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.84 | 2.29 | -3.13 |
| Martin ratioReturn relative to average drawdown | -1.19 | 2.74 | -3.94 |
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Drawdowns
ETHU vs. BMNR - Drawdown Comparison
The maximum ETHU drawdown since its inception was -96.46%, which is greater than BMNR's maximum drawdown of -90.13%. Use the drawdown chart below to compare losses from any high point for ETHU and BMNR.
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Drawdown Indicators
| ETHU | BMNR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.46% | -90.13% | -6.33% |
Max Drawdown (1Y)Largest decline over 1 year | -93.99% | -90.13% | -3.86% |
Current DrawdownCurrent decline from peak | -96.46% | -90.13% | -6.33% |
Average DrawdownAverage peak-to-trough decline | -70.04% | -71.37% | +1.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 66.04% | 75.00% | -8.96% |
Volatility
ETHU vs. BMNR - Volatility Comparison
Volatility Shares 2x Ether ETF (ETHU) has a higher volatility of 39.99% compared to BitMine Immersion Technologies, Inc. (BMNR) at 22.29%. This indicates that ETHU'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
| ETHU | BMNR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 39.99% | 22.29% | +17.70% |
Volatility (6M)Calculated over the trailing 6-month period | 94.89% | 59.21% | +35.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 138.64% | 717.42% | -578.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 143.18% | 700.11% | -556.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 143.18% | 700.11% | -556.93% |
Dividends
ETHU vs. BMNR - Dividend Comparison
ETHU's dividend yield for the trailing twelve months is around 7.17%, more than BMNR's 0.08% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BMNR BitMine Immersion Technologies, Inc. | 0.08% | 0.04% | 0.00% |
ETHU Volatility Shares 2x Ether ETF | 7.17% | 2.31% | 0.41% |
Frequently Asked Questions
ETHU and BMNR have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ETHU has higher volatility (39.99%) compared to BMNR (22.29%). In terms of maximum drawdown, ETHU dropped -96.46% vs BMNR's -90.13%.
BMNR currently has the higher Sharpe Ratio (0.29 vs -0.57), 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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