ANY vs. MARA

Last updated Apr 1, 2026

Compare and contrast key facts about Sphere 3D Corp. (ANY) and Marathon Digital Holdings, Inc. (MARA).

Performance

ANY vs. MARA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sphere 3D Corp. (ANY) and Marathon Digital Holdings, Inc. (MARA). The values are adjusted to include any dividend payments, if applicable.

ANY vs. MARA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ANY Sphere 3D Corp.	-51.28%	-68.48%	-71.56%	72.15%	-91.17%	118.18%	83.80%	-74.49%	-84.50%	-67.20%
MARA Marathon Digital Holdings, Inc.	-9.13%	-46.45%	-28.61%	586.84%	-89.59%	214.75%	1,084.48%	-39.16%	-91.17%	-40.41%

Fundamentals

EPS ANY : -$11.17 MARA : -$4.32
PS Ratio ANY : 0.25 MARA : 2.73
Total Revenue (TTM) ANY : $11.18M MARA : $907.09M
Gross Profit (TTM) ANY : $746.00K MARA : $576.49M
EBITDA (TTM) ANY : -$7.04M MARA : -$559.37M

Returns By Period

In the year-to-date period, ANY achieves a -51.28% return, which is significantly lower than MARA's -9.13% return. Over the past 10 years, ANY has underperformed MARA with an annualized return of -60.86%, while MARA has yielded a comparatively higher -12.64% annualized return.

ANY

• 1D: 3.57%
• 1M: -2.03%
• YTD: -51.28%
• 6M: -80.27%
• 1Y: -63.61%
• 3Y*: -61.08%
• 5Y*: -62.27%
• 10Y*: -60.86%

MARA

• 1D: 4.68%
• 1M: -8.72%
• YTD: -9.13%
• 6M: -55.31%
• 1Y: -29.04%
• 3Y*: -2.19%
• 5Y*: -30.09%
• 10Y*: -12.64%

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

Return for Risk

ANY vs. MARA — Risk / Return Rank

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

ANY

ANY Risk / Return Rank: 15
ANY Sharpe Ratio Rank: 14
ANY Sortino Ratio Rank: 15
ANY Omega Ratio Rank: 17
ANY Calmar Ratio Rank: 16
ANY Martin Ratio Rank: 15

MARA

MARA Risk / Return Rank: 28
MARA Sharpe Ratio Rank: 26
MARA Sortino Ratio Rank: 30
MARA Omega Ratio Rank: 30
MARA Calmar Ratio Rank: 27
MARA Martin Ratio Rank: 26

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.

ANY vs. MARA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sphere 3D Corp. (ANY) and Marathon Digital Holdings, Inc. (MARA). 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.

	ANY	MARA	Difference
Sharpe ratio Return per unit of total volatility	-0.64	-0.36	-0.28
Sortino ratio Return per unit of downside risk	-0.77	-0.03	-0.74
Omega ratio Gain probability vs. loss probability	0.92	1.00	-0.08
Calmar ratio Return relative to maximum drawdown	-0.73	-0.49	-0.24
Martin ratio Return relative to average drawdown	-1.31	-0.94	-0.38
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ANY vs. MARA - Sharpe Ratio Comparison

The current ANY Sharpe Ratio is -0.64, which is lower than the MARA Sharpe Ratio of -0.36. The chart below compares the historical Sharpe Ratios of ANY and MARA, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ANY	MARA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.64	-0.36	-0.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.51	-0.28	-0.23
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.43	-0.09	-0.35
Sharpe Ratio (All Time) Calculated using the full available price history	-0.42	-0.11	-0.31

Correlation

The correlation between ANY and MARA is 0.28, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

ANY vs. MARA - Dividend Comparison

Neither ANY nor MARA has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

ANY vs. MARA - Drawdown Comparison

The maximum ANY drawdown since its inception was -100.00%, roughly equal to the maximum MARA drawdown of -99.74%. Use the drawdown chart below to compare losses from any high point for ANY and MARA.

Drawdown Indicators

	ANY	MARA	Difference
Max Drawdown Largest peak-to-trough decline	-100.00%	-99.74%	-0.26%
Max Drawdown (1Y) Largest decline over 1 year	-89.62%	-70.53%	-19.09%
Max Drawdown (5Y) Largest decline over 5 years	-99.83%	-95.87%	-3.96%
Max Drawdown (10Y) Largest decline over 10 years	-99.99%	-99.20%	-0.79%
Current Drawdown Current decline from peak	-100.00%	-94.73%	-5.27%
Average Drawdown Average peak-to-trough decline	-73.15%	-77.82%	+4.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	49.79%	36.95%	+12.84%

Volatility

ANY vs. MARA - Volatility Comparison

Sphere 3D Corp. (ANY) has a higher volatility of 31.57% compared to Marathon Digital Holdings, Inc. (MARA) at 25.28%. This indicates that ANY's price experiences larger fluctuations and is considered to be riskier than MARA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ANY	MARA	Difference
Volatility (1M) Calculated over the trailing 1-month period	31.57%	25.28%	+6.29%
Volatility (6M) Calculated over the trailing 6-month period	72.33%	61.57%	+10.76%
Volatility (1Y) Calculated over the trailing 1-year period	100.29%	81.91%	+18.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	122.93%	107.54%	+15.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	140.49%	144.05%	-3.56%

Financials