SOL-USD vs. BMNR

Last updated Jun 15, 2026

SOL-USD (Solana) is a cryptocurrency, while BMNR (BitMine Immersion Technologies, Inc.) is a stock. Over the past year, SOL-USD returned -50.88% vs 224.89% for BMNR. At a 0.48 correlation, their price movements are largely independent.

Performance

SOL-USD vs. BMNR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Solana (SOL-USD) 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, SOL-USD achieves a -42.88% return, which is significantly lower than BMNR's -40.66% return.

SOL-USD

• 1D: 3.18%
• 1M: -20.29%
• YTD: -42.88%
• 6M: -45.07%
• 1Y: -50.88%
• 3Y*: 68.92%
• 5Y*: 11.55%
• 10Y*: —

BMNR

• 1D: -2.48%
• 1M: -18.92%
• YTD: -40.66%
• 6M: -53.79%
• 1Y: 224.89%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SOL-USD vs. BMNR - Yearly Performance Comparison

	2026 (YTD)	2025
SOL-USD Solana	-42.88%	-18.84%
BMNR BitMine Immersion Technologies, Inc.	-40.66%	274.59%

Correlation

The correlation between SOL-USD and BMNR is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.50
Correlation (All Time) Calculated using the full available price history since Jun 5, 2025	0.48

Return for Risk

SOL-USD vs. BMNR — Risk / Return Rank

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

SOL-USD

SOL-USD Risk / Return Rank: 54
SOL-USD Sharpe Ratio Rank: 46
SOL-USD Sortino Ratio Rank: 53
SOL-USD Omega Ratio Rank: 53
SOL-USD Calmar Ratio Rank: 63
SOL-USD Martin Ratio Rank: 54

BMNR

BMNR Risk / Return Rank: 79
BMNR Sharpe Ratio Rank: 52
BMNR Sortino Ratio Rank: 99
BMNR Omega Ratio Rank: 99
BMNR Calmar Ratio Rank: 77
BMNR Martin Ratio Rank: 66

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.

SOL-USD vs. BMNR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Solana (SOL-USD) 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.

	SOL-USD	BMNR	Difference
Sharpe ratio: Return per unit of total volatility	-0.70	0.26	-0.97
Sortino ratio: Return per unit of downside risk	-0.86	8.22	-9.08
Omega ratio: Gain probability vs. loss probability	0.92	1.97	-1.05
Calmar ratio: Return relative to maximum drawdown	-0.68	2.13	-2.81
Martin ratio: Return relative to average drawdown	-1.09	2.56	-3.66

SOL-USD vs. BMNR - Sharpe Ratio Comparison

The current SOL-USD Sharpe Ratio is -0.70, which is lower than the BMNR Sharpe Ratio of 0.26. The chart below compares the historical Sharpe Ratios of SOL-USD and BMNR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SOL-USD vs. BMNR - Drawdown Comparison

The maximum SOL-USD drawdown since its inception was -96.27%, which is greater than BMNR's maximum drawdown of -88.41%. Use the drawdown chart below to compare losses from any high point for SOL-USD and BMNR.

Drawdown Indicators

	SOL-USD	BMNR	Difference
Max Drawdown Largest peak-to-trough decline	-96.27%	-88.41%	-7.86%
Max Drawdown (1Y) Largest decline over 1 year	-74.89%	-88.41%	+13.52%
Max Drawdown (3Y) Largest decline over 3 years	-76.28%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-96.27%	—	—
Current Drawdown Current decline from peak	-72.87%	-88.06%	+15.19%
Average Drawdown Average peak-to-trough decline	-51.43%	-70.84%	+19.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	53.24%	73.42%	-20.18%

Volatility

SOL-USD vs. BMNR - Volatility Comparison

The current volatility for Solana (SOL-USD) is 17.95%, while BitMine Immersion Technologies, Inc. (BMNR) has a volatility of 22.82%. This indicates that SOL-USD 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.

Volatility by Period

	SOL-USD	BMNR	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.95%	22.82%	-4.87%
Volatility (6M) Calculated over the trailing 6-month period	46.96%	60.99%	-14.03%
Volatility (1Y) Calculated over the trailing 1-year period	60.11%	717.57%	-657.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	82.36%	710.73%	-628.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	99.80%	710.73%	-610.93%

Frequently Asked Questions

Can I hold both SOL-USD and BMNR in my portfolio?

SOL-USD and BMNR have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SOL-USD or BMNR?

BMNR has higher volatility (22.82%) compared to SOL-USD (17.95%). In terms of maximum drawdown, SOL-USD dropped -96.27% vs BMNR's -88.41%.

Which has better risk-adjusted returns?

BMNR currently has the higher Sharpe Ratio (0.26 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.