ANY vs. RIOT

Last updated Jun 5, 2026

ANY (Sphere 3D Corp.) and RIOT (Riot Blockchain, Inc.) are both stocks. Both operate in the Software - Application industry within the Technology sector. Over the past 10 years, ANY returned -55.46%/yr vs 23.47%/yr for RIOT. At a 0.24 correlation, their price movements are largely independent.

Performance

ANY vs. RIOT - Performance Comparison

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

Returns By Period

In the year-to-date period, ANY achieves a 45.83% return, which is significantly lower than RIOT's 116.81% return. Over the past 10 years, ANY has underperformed RIOT with an annualized return of -55.46%, while RIOT has yielded a comparatively higher 23.47% annualized return.

ANY

• 1D: -23.19%
• 1M: 189.33%
• YTD: 45.83%
• 6M: -11.46%
• 1Y: -44.99%
• 3Y*: -41.52%
• 5Y*: -47.87%
• 10Y*: -55.46%

RIOT

• 1D: -0.65%
• 1M: 34.99%
• YTD: 116.81%
• 6M: 76.20%
• 1Y: 189.16%
• 3Y*: 37.01%
• 5Y*: -1.18%
• 10Y*: 23.47%

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

ANY vs. RIOT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ANY Sphere 3D Corp.	45.83%	-68.48%	-71.56%	72.15%	-91.17%	118.18%	83.80%	-74.49%	-84.50%	-67.20%
RIOT Riot Blockchain, Inc.	116.81%	24.09%	-34.00%	356.34%	-84.82%	31.43%	1,416.96%	-25.83%	-94.68%	729.34%

Correlation

The correlation between ANY and RIOT is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (3Y) Calculated over the trailing 3-year period	0.59
Correlation (5Y) Calculated over the trailing 5-year period	0.59
Correlation (10Y) Calculated over the trailing 10-year period	0.33
Correlation (All Time) Calculated using the full available price history since Jun 25, 2008	0.24

Over the past year, ANY and RIOT have become more correlated (0.46) than their long-term average of 0.24, meaning their price movements have been converging.

Fundamentals

Market Cap ANY : $15.11M RIOT : $9.55B
EPS ANY : -$7.27 RIOT : -$2.35
PS Ratio ANY : 1.20 RIOT : 15.50
PB Ratio ANY : 0.76 RIOT : 3.99
Total Revenue (TTM) ANY : $8.36M RIOT : $653.27M
Gross Profit (TTM) ANY : -$1.48M RIOT : $179.76M
EBITDA (TTM) ANY : -$7.46M RIOT : -$482.33M

Return for Risk

ANY vs. RIOT — Risk / Return Rank

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

ANY

ANY Risk / Return Rank: 33
ANY Sharpe Ratio Rank: 29
ANY Sortino Ratio Rank: 42
ANY Omega Ratio Rank: 41
ANY Calmar Ratio Rank: 24
ANY Martin Ratio Rank: 27

RIOT

RIOT Risk / Return Rank: 86
RIOT Sharpe Ratio Rank: 90
RIOT Sortino Ratio Rank: 85
RIOT Omega Ratio Rank: 82
RIOT Calmar Ratio Rank: 87
RIOT Martin Ratio Rank: 83

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. RIOT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sphere 3D Corp. (ANY) and Riot Blockchain, Inc. (RIOT). 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	RIOT	Difference
Sharpe ratio: Return per unit of total volatility	-0.29	2.28	-2.56
Sortino ratio: Return per unit of downside risk	0.50	2.67	-2.17
Omega ratio: Gain probability vs. loss probability	1.06	1.32	-0.27
Calmar ratio: Return relative to maximum drawdown	-0.50	3.92	-4.42
Martin ratio: Return relative to average drawdown	-0.76	7.76	-8.53
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. RIOT - Sharpe Ratio Comparison

The current ANY Sharpe Ratio is -0.29, which is lower than the RIOT Sharpe Ratio of 2.28. The chart below compares the historical Sharpe Ratios of ANY and RIOT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ANY	RIOT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.29	2.28	-2.56
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.36	-0.01	-0.34
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.38	0.21	-0.59
Sharpe Ratio (All Time) Calculated using the full available price history	-0.38	-0.13	-0.25

Drawdowns

ANY vs. RIOT - Drawdown Comparison

The maximum ANY drawdown since its inception was -100.00%, roughly equal to the maximum RIOT drawdown of -99.98%. Use the drawdown chart below to compare losses from any high point for ANY and RIOT.

Drawdown Indicators

	ANY	RIOT	Difference
Max Drawdown Largest peak-to-trough decline	-100.00%	-99.98%	-0.02%
Max Drawdown (1Y) Largest decline over 1 year	-89.62%	-48.57%	-41.05%
Max Drawdown (3Y) Largest decline over 3 years	-97.28%	-69.00%	-28.28%
Max Drawdown (5Y) Largest decline over 5 years	-99.83%	-92.55%	-7.28%
Max Drawdown (10Y) Largest decline over 10 years	-99.99%	-98.32%	-1.67%
Current Drawdown Current decline from peak	-100.00%	-99.14%	-0.86%
Average Drawdown Average peak-to-trough decline	-73.42%	-87.84%	+14.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	59.11%	24.48%	+34.63%

Volatility

ANY vs. RIOT - Volatility Comparison

Sphere 3D Corp. (ANY) has a higher volatility of 98.22% compared to Riot Blockchain, Inc. (RIOT) at 20.17%. This indicates that ANY's price experiences larger fluctuations and is considered to be riskier than RIOT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ANY	RIOT	Difference
Volatility (1M) Calculated over the trailing 1-month period	98.22%	20.17%	+78.05%
Volatility (6M) Calculated over the trailing 6-month period	115.63%	60.55%	+55.08%
Volatility (1Y) Calculated over the trailing 1-year period	157.48%	83.78%	+73.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	135.06%	93.79%	+41.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	146.01%	112.09%	+33.92%

Dividends

ANY vs. RIOT - Dividend Comparison

Neither ANY nor RIOT has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
ANY Sphere 3D Corp.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
RIOT Riot Blockchain, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.52%

Financials

Frequently Asked Questions

Can I hold both ANY and RIOT in my portfolio?

ANY and RIOT have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ANY or RIOT?

ANY has higher volatility (98.22%) compared to RIOT (20.17%). In terms of maximum drawdown, ANY dropped -100.00% vs RIOT's -99.98%.

Which has better risk-adjusted returns?

RIOT currently has the higher Sharpe Ratio (2.28 vs -0.29), 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.