MTPLF vs. BMNR

Last updated Jun 4, 2026

MTPLF (Metaplanet Inc) and BMNR (Bitmine Immersion Technologies Inc) are both stocks. MTPLF operates in Restaurants (Consumer Cyclical), while BMNR operates in Capital Markets (Financial Services). At a 0.39 correlation, their price movements are largely independent.

Performance

MTPLF vs. BMNR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Metaplanet Inc (MTPLF) and Bitmine Immersion Technologies Inc (BMNR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with MTPLF having a -38.00% return and BMNR slightly higher at -37.75%.

MTPLF

• 1D: -3.12%
• 1M: -28.57%
• YTD: -38.00%
• 6M: -38.00%
• 1Y: -84.05%
• 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)

MTPLF vs. BMNR - Yearly Performance Comparison

	2026 (YTD)	2025
MTPLF Metaplanet Inc	-38.00%	-72.86%
BMNR Bitmine Immersion Technologies Inc	-37.75%	250.43%

Correlation

The correlation between MTPLF and BMNR is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 6, 2025	0.39

Return for Risk

MTPLF vs. BMNR — Risk / Return Rank

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

MTPLF

MTPLF Risk / Return Rank: 6
MTPLF Sharpe Ratio Rank: 7
MTPLF Sortino Ratio Rank: 1
MTPLF Omega Ratio Rank: 4
MTPLF Calmar Ratio Rank: 3
MTPLF Martin Ratio Rank: 15

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.

MTPLF vs. BMNR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Metaplanet Inc (MTPLF) 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.

	MTPLF	BMNR	Difference
Sharpe ratio Return per unit of total volatility	-0.88	—	—
Sortino ratio Return per unit of downside risk	-2.19	—	—
Omega ratio Gain probability vs. loss probability	0.78	—	—
Calmar ratio Return relative to maximum drawdown	-0.95	—	—
Martin ratio Return relative to average drawdown	-1.18	—	—
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

	MTPLF	BMNR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.88	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.01	0.17	-0.18

Drawdowns

MTPLF vs. BMNR - Drawdown Comparison

The maximum MTPLF drawdown since its inception was -89.90%, roughly equal to the maximum BMNR drawdown of -87.48%. Use the drawdown chart below to compare losses from any high point for MTPLF and BMNR.

Drawdown Indicators

	MTPLF	BMNR	Difference
Max Drawdown Largest peak-to-trough decline	-89.90%	-87.48%	-2.42%
Max Drawdown (1Y) Largest decline over 1 year	-88.21%	—	—
Current Drawdown Current decline from peak	-89.90%	-87.48%	-2.42%
Average Drawdown Average peak-to-trough decline	-56.35%	-70.64%	+14.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	71.32%	—	—

Volatility

Volatility by Period

	MTPLF	BMNR	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.43%	—	—
Volatility (6M) Calculated over the trailing 6-month period	65.15%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	96.87%	721.86%	-624.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	156.55%	721.86%	-565.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	156.55%	721.86%	-565.31%

Dividends

MTPLF vs. BMNR - Dividend Comparison

MTPLF 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%
MTPLF Metaplanet Inc	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both MTPLF and BMNR in my portfolio?

MTPLF and BMNR have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.