FETH vs. BMNR
FETH (Fidelity Ethereum Fund) is Cryptocurrency fund tracking the Fidelity Ethereum Reference Rate Index, while BMNR (BitMine Immersion Technologies, Inc.) is a stock. Over the past year, FETH returned -46.78% vs -45.00% for BMNR. Their 0.72 correlation means they have sometimes moved together and sometimes differently.
Performance
FETH vs. BMNR - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with FETH having a -37.15% return and BMNR slightly higher at -35.84%.
FETH
- 1D
- 0.16%
- 1M
- 9.86%
- 6M
- -19.58%
- YTD
- -37.15%
- 1Y
- -46.78%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -26.81%
BMNR
- 1D
- 0.81%
- 1M
- 21.31%
- 6M
- -23.60%
- YTD
- -35.84%
- 1Y
- -45.00%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 112.85%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $634.94M | $579.04M | $642.58M | |
| $29.41M | $29.69M | $35.01M |
FETH vs. BMNR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FETH Fidelity Ethereum Fund | -37.15% | 12.80% |
BMNR BitMine Immersion Technologies, Inc. | -35.84% | 274.59% |
Correlation
The correlation between FETH and BMNR is 0.86, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.86 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2025 | 0.72 |
The correlation between FETH and BMNR shifts across timeframes, from 0.72 (all time) to 0.86 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FETH vs. BMNR — Risk / Return Rank
FETH
BMNR
FETH vs. BMNR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Ethereum Fund (FETH) 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.
| FETH | BMNR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.67 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 0.98 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.69 | -0.57 | -0.12 |
| Martin ratioReturn relative to average drawdown | -1.03 | -0.81 | -0.22 |
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Drawdowns
FETH vs. BMNR - Drawdown Comparison
The maximum FETH drawdown since its inception was -67.94%, smaller than the maximum BMNR drawdown of -90.14%. Use the drawdown chart below to compare losses from any high point for FETH and BMNR.
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Drawdown Indicators
| FETH | BMNR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.94% | -90.14% | +22.20% |
Max Drawdown (1Y)Largest decline over 1 year | -67.94% | -78.94% | +11.00% |
Current DrawdownCurrent decline from peak | -61.55% | -87.09% | +25.54% |
Average DrawdownAverage peak-to-trough decline | -35.30% | -72.88% | +37.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 45.61% | 55.84% | -10.23% |
Volatility
FETH vs. BMNR - Volatility Comparison
The current volatility for Fidelity Ethereum Fund (FETH) is 12.28%, while BitMine Immersion Technologies, Inc. (BMNR) has a volatility of 25.80%. This indicates that FETH 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
| FETH | BMNR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.28% | 25.80% | -13.52% |
Volatility (6M)Calculated over the trailing 6-month period | 45.60% | 59.47% | -13.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 67.10% | 99.13% | -32.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.16% | 668.48% | -597.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.16% | 668.48% | -597.32% |
Dividends
FETH vs. BMNR - Dividend Comparison
FETH 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% |
FETH Fidelity Ethereum Fund | 0.00% | 0.00% |
Frequently Asked Questions
FETH and BMNR have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BMNR has higher volatility (25.80%) compared to FETH (12.28%). In terms of maximum drawdown, FETH dropped -67.94% vs BMNR's -90.14%.
BMNR currently has the higher Sharpe Ratio (-0.46 vs -0.70), 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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