IBIT vs. BMNR

Last updated Jun 4, 2026

IBIT (iShares Bitcoin Trust ETF) is Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant, while BMNR (BitMine Immersion Technologies, Inc.) is a stock. A 0.68 correlation means they provide meaningful diversification when combined.

Performance

IBIT vs. BMNR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Bitcoin Trust ETF (IBIT) and BitMine Immersion Technologies, Inc. (BMNR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IBIT achieves a -25.48% return, which is significantly higher than BMNR's -37.75% return.

IBIT

• 1D: -2.76%
• 1M: -18.50%
• YTD: -25.48%
• 6M: -29.84%
• 1Y: -38.74%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BMNR

• 1D: -5.95%
• 1M: -25.84%
• YTD: -37.75%
• 6M: -49.78%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IBIT vs. BMNR - Yearly Performance Comparison

	2026 (YTD)	2025
IBIT iShares Bitcoin Trust ETF	-25.48%	-14.20%
BMNR BitMine Immersion Technologies, Inc.	-37.75%	250.43%

Correlation

The correlation between IBIT and BMNR is 0.68, 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	0.68

Return for Risk

IBIT vs. BMNR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IBIT

IBIT Risk / Return Rank: 2
IBIT Sharpe Ratio Rank: 2
IBIT Sortino Ratio Rank: 2
IBIT Omega Ratio Rank: 2
IBIT Calmar Ratio Rank: 2
IBIT Martin Ratio Rank: 2

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.

IBIT vs. BMNR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Bitcoin Trust ETF (IBIT) 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.

	IBIT	BMNR	Difference
Sharpe ratio: Return per unit of total volatility	-0.89	—	—
Sortino ratio: Return per unit of downside risk	-1.23	—	—
Omega ratio: Gain probability vs. loss probability	0.86	—	—
Calmar ratio: Return relative to maximum drawdown	-0.79	—	—
Martin ratio: Return relative to average drawdown	-1.36	—	—
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

	IBIT	BMNR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.89	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	0.17	+0.13

Drawdowns

IBIT vs. BMNR - Drawdown Comparison

The maximum IBIT drawdown since its inception was -49.36%, smaller than the maximum BMNR drawdown of -87.48%. Use the drawdown chart below to compare losses from any high point for IBIT and BMNR.

Drawdown Indicators

	IBIT	BMNR	Difference
Max Drawdown Largest peak-to-trough decline	-49.36%	-87.48%	+38.12%
Max Drawdown (1Y) Largest decline over 1 year	-49.36%	—	—
Current Drawdown Current decline from peak	-48.10%	-87.48%	+39.38%
Average Drawdown Average peak-to-trough decline	-16.02%	-70.64%	+54.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	28.44%	—	—

Volatility

Volatility by Period

	IBIT	BMNR	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.50%	—	—
Volatility (6M) Calculated over the trailing 6-month period	34.44%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	43.73%	721.86%	-678.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	50.19%	721.86%	-671.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	50.19%	721.86%	-671.67%

Dividends

IBIT vs. BMNR - Dividend Comparison

IBIT 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%
IBIT iShares Bitcoin Trust ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both IBIT and BMNR in my portfolio?

IBIT and BMNR have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.