SBET vs. BMNR
SBET (Sharplink, Inc.) and BMNR (BitMine Immersion Technologies, Inc.) are both stocks. Both are in the Financial Services sector — SBET in Asset Management, BMNR in Capital Markets. Over the past year, SBET returned -51.14% vs 217.29% for BMNR. A 0.70 correlation means they provide meaningful diversification when combined.
Performance
SBET vs. BMNR - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with SBET having a -47.20% return and BMNR slightly lower at -48.36%.
SBET
- 1D
- -4.93%
- 1M
- -24.24%
- YTD
- -47.20%
- 6M
- -48.70%
- 1Y
- -51.14%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BMNR
- 1D
- -7.34%
- 1M
- -25.74%
- YTD
- -48.36%
- 6M
- -52.23%
- 1Y
- 217.29%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SBET vs. BMNR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SBET Sharplink, Inc. | -47.20% | -84.90% |
BMNR BitMine Immersion Technologies, Inc. | -48.36% | 274.59% |
Correlation
The correlation between SBET and BMNR is 0.74, 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 | 0.74 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2025 | 0.70 |
The correlation between SBET and BMNR has been stable across timeframes, ranging from 0.70 to 0.74 - a consistent structural relationship.
Fundamentals
SBET:
-$14.63
BMNR:
-$0.06
SBET:
11.63
BMNR:
127.29K
SBET:
$39.37M
BMNR:
$16.71M
SBET:
$37.65M
BMNR:
$1.15M
SBET:
-$504.51M
BMNR:
-$3.62B
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Return for Risk
SBET vs. BMNR — Risk / Return Rank
SBET
BMNR
SBET vs. BMNR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sharplink, Inc. (SBET) 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.
| SBET | BMNR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.80 | ||
| Sortino ratioReturn per unit of downside risk | -8.67 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.99 | -1.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.59 | 2.44 | -3.03 |
| Martin ratioReturn relative to average drawdown | -0.75 | 2.92 | -3.66 |
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Drawdowns
SBET vs. BMNR - Drawdown Comparison
The maximum SBET drawdown since its inception was -94.04%, roughly equal to the maximum BMNR drawdown of -89.61%. Use the drawdown chart below to compare losses from any high point for SBET and BMNR.
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Drawdown Indicators
| SBET | BMNR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.04% | -89.61% | -4.43% |
Max Drawdown (1Y)Largest decline over 1 year | -87.37% | -89.61% | +2.24% |
Current DrawdownCurrent decline from peak | -94.04% | -89.61% | -4.43% |
Average DrawdownAverage peak-to-trough decline | -66.24% | -71.30% | +5.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 68.69% | 74.78% | -6.09% |
Volatility
SBET vs. BMNR - Volatility Comparison
The current volatility for Sharplink, Inc. (SBET) is 19.53%, while BitMine Immersion Technologies, Inc. (BMNR) has a volatility of 22.24%. This indicates that SBET 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
| SBET | BMNR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.53% | 22.24% | -2.71% |
Volatility (6M)Calculated over the trailing 6-month period | 54.92% | 59.04% | -4.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 103.89% | 717.39% | -613.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 337.42% | 701.40% | -363.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 337.42% | 701.40% | -363.98% |
Dividends
SBET vs. BMNR - Dividend Comparison
SBET has not paid dividends to shareholders, while BMNR's dividend yield for the trailing twelve months is around 0.07%.
| Position | TTM | 2025 |
|---|---|---|
BMNR BitMine Immersion Technologies, Inc. | 0.07% | 0.04% |
SBET Sharplink, Inc. | 0.00% | 0.00% |
Financials
SBET vs. BMNR - Financials Comparison
This section allows you to compare key financial metrics between Sharplink, Inc. and BitMine Immersion Technologies, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
SBET and BMNR have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BMNR has higher volatility (22.24%) compared to SBET (19.53%). In terms of maximum drawdown, SBET dropped -94.04% vs BMNR's -89.61%.
BMNR currently has the higher Sharpe Ratio (0.30 vs -0.49), 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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