ARBK vs. RIOT

Last updated Jun 4, 2026

ARBK (Argo Blockchain plc) and RIOT (Riot Blockchain, Inc.) are both stocks. ARBK operates in Capital Markets (Financial Services), while RIOT operates in Software - Application (Technology). Over the past 3 years, ARBK returned -77.06%/yr vs 33.16%/yr for RIOT. A 0.53 correlation means they provide meaningful diversification when combined.

Performance

ARBK vs. RIOT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Argo Blockchain plc (ARBK) 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, ARBK achieves a -2.93% return, which is significantly lower than RIOT's 118.23% return.

ARBK

• 1D: -5.43%
• 1M: -8.06%
• YTD: -2.93%
• 6M: -92.44%
• 1Y: -95.84%
• 3Y*: -77.06%
• 5Y*: —
• 10Y*: —

RIOT

• 1D: 1.21%
• 1M: 48.02%
• YTD: 118.23%
• 6M: 76.79%
• 1Y: 206.20%
• 3Y*: 33.16%
• 5Y*: -1.05%
• 10Y*: 24.09%

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

ARBK vs. RIOT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
ARBK Argo Blockchain plc	-2.93%	-97.21%	-84.89%	246.30%	-91.12%	-27.40%
RIOT Riot Blockchain, Inc.	118.23%	24.09%	-34.00%	356.34%	-84.82%	-24.02%

Correlation

The correlation between ARBK and RIOT is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (3Y) Calculated over the trailing 3-year period	0.50
Correlation (All Time) Calculated using the full available price history since Sep 24, 2021	0.53

Over the past year, the correlation between ARBK and RIOT has dropped to 0.30 - well below their long-term average of 0.53, suggesting their price drivers have been diverging.

Fundamentals

EPS ARBK : -$208.92 RIOT : -$2.35
PS Ratio ARBK : 0.02 RIOT : 15.60
Total Revenue (TTM) ARBK : $63.70M RIOT : $653.27M
Gross Profit (TTM) ARBK : -$971.19K RIOT : $179.76M
EBITDA (TTM) ARBK : -$39.89M RIOT : -$482.33M

Return for Risk

ARBK vs. RIOT — Risk / Return Rank

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

ARBK

ARBK Risk / Return Rank: 12
ARBK Sharpe Ratio Rank: 20
ARBK Sortino Ratio Rank: 14
ARBK Omega Ratio Rank: 13
ARBK Calmar Ratio Rank: 2
ARBK Martin Ratio Rank: 12

RIOT

RIOT Risk / Return Rank: 86
RIOT Sharpe Ratio Rank: 91
RIOT Sortino Ratio Rank: 85
RIOT Omega Ratio Rank: 83
RIOT Calmar Ratio Rank: 88
RIOT Martin Ratio Rank: 84

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.

ARBK vs. RIOT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Argo Blockchain plc (ARBK) 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.

	ARBK	RIOT	Difference
Sharpe ratio Return per unit of total volatility	-0.47	2.48	-2.95
Sortino ratio Return per unit of downside risk	-0.78	2.78	-3.56
Omega ratio Gain probability vs. loss probability	0.89	1.34	-0.45
Calmar ratio Return relative to maximum drawdown	-0.97	4.27	-5.25
Martin ratio Return relative to average drawdown	-1.28	8.46	-9.74
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ARBK vs. RIOT - Sharpe Ratio Comparison

The current ARBK Sharpe Ratio is -0.47, which is lower than the RIOT Sharpe Ratio of 2.48. The chart below compares the historical Sharpe Ratios of ARBK 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

	ARBK	RIOT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.47	2.48	-2.95
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.01	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.22	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.52	-0.13	-0.39

Drawdowns

ARBK vs. RIOT - Drawdown Comparison

The maximum ARBK drawdown since its inception was -99.94%, roughly equal to the maximum RIOT drawdown of -99.98%. Use the drawdown chart below to compare losses from any high point for ARBK and RIOT.

Drawdown Indicators

	ARBK	RIOT	Difference
Max Drawdown Largest peak-to-trough decline	-99.94%	-99.98%	+0.04%
Max Drawdown (1Y) Largest decline over 1 year	-98.49%	-48.57%	-49.92%
Max Drawdown (3Y) Largest decline over 3 years	-99.70%	-69.00%	-30.70%
Max Drawdown (5Y) Largest decline over 5 years	—	-92.55%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-98.32%	—
Current Drawdown Current decline from peak	-99.93%	-99.14%	-0.79%
Average Drawdown Average peak-to-trough decline	-85.84%	-87.84%	+2.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	74.77%	24.48%	+50.29%

Volatility

ARBK vs. RIOT - Volatility Comparison

Argo Blockchain plc (ARBK) has a higher volatility of 25.52% compared to Riot Blockchain, Inc. (RIOT) at 21.25%. This indicates that ARBK'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

	ARBK	RIOT	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.52%	21.25%	+4.27%
Volatility (6M) Calculated over the trailing 6-month period	165.77%	60.58%	+105.19%
Volatility (1Y) Calculated over the trailing 1-year period	205.32%	83.98%	+121.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	148.41%	93.79%	+54.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	148.41%	112.11%	+36.30%

Dividends

ARBK vs. RIOT - Dividend Comparison

Neither ARBK nor RIOT has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
ARBK Argo Blockchain plc	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 ARBK and RIOT in my portfolio?

ARBK and RIOT have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ARBK or RIOT?

ARBK has higher volatility (25.52%) compared to RIOT (21.25%). In terms of maximum drawdown, ARBK dropped -99.94% vs RIOT's -99.98%.

Which has better risk-adjusted returns?

RIOT currently has the higher Sharpe Ratio (2.48 vs -0.47), 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.