BITF vs. BTC-USD

Last updated Apr 2, 2026

Compare and contrast key facts about Bitfarms Ltd. (BITF) and Bitcoin (BTC-USD).

Performance

BITF vs. BTC-USD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bitfarms Ltd. (BITF) and Bitcoin (BTC-USD). The values are adjusted to include any dividend payments, if applicable.

BITF vs. BTC-USD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
BITF Bitfarms Ltd.	-15.74%	57.72%	-48.80%	561.36%	-91.29%	165.79%	397.66%	-27.96%	-64.19%
BTC-USD Bitcoin	-21.63%	-6.27%	120.76%	155.82%	-64.23%	59.40%	304.57%	94.10%	-47.79%

Returns By Period

In the year-to-date period, BITF achieves a -15.74% return, which is significantly higher than BTC-USD's -21.63% return.

BITF

• 1D: 1.54%
• 1M: -7.91%
• YTD: -15.74%
• 6M: -29.29%
• 1Y: 144.99%
• 3Y*: 26.85%
• 5Y*: -16.81%
• 10Y*: —

BTC-USD

• 1D: 0.51%
• 1M: -0.38%
• YTD: -21.63%
• 6M: -42.21%
• 1Y: -19.49%
• 3Y*: 34.49%
• 5Y*: 3.06%
• 10Y*: 66.45%

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

Return for Risk

BITF vs. BTC-USD — Risk / Return Rank

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

BITF

BITF Risk / Return Rank: 78
BITF Sharpe Ratio Rank: 81
BITF Sortino Ratio Rank: 84
BITF Omega Ratio Rank: 78
BITF Calmar Ratio Rank: 77
BITF Martin Ratio Rank: 71

BTC-USD

BTC-USD Risk / Return Rank: 43
BTC-USD Sharpe Ratio Rank: 61
BTC-USD Sortino Ratio Rank: 55
BTC-USD Omega Ratio Rank: 51
BTC-USD Calmar Ratio Rank: 43
BTC-USD Martin Ratio Rank: 4

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.

BITF vs. BTC-USD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bitfarms Ltd. (BITF) and Bitcoin (BTC-USD). 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.

	BITF	BTC-USD	Difference
Sharpe ratio Return per unit of total volatility	1.36	-0.44	+1.80
Sortino ratio Return per unit of downside risk	2.35	-0.38	+2.73
Omega ratio Gain probability vs. loss probability	1.27	0.96	+0.31
Calmar ratio Return relative to maximum drawdown	2.05	-1.11	+3.16
Martin ratio Return relative to average drawdown	3.73	-1.99	+5.72
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BITF vs. BTC-USD - Sharpe Ratio Comparison

The current BITF Sharpe Ratio is 1.36, which is higher than the BTC-USD Sharpe Ratio of -0.44. The chart below compares the historical Sharpe Ratios of BITF and BTC-USD, 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

	BITF	BTC-USD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.36	-0.44	+1.80
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.16	0.05	-0.21
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.97	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.00	1.19	-1.19

Correlation

The correlation between BITF and BTC-USD is 0.40, 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.

Drawdowns

BITF vs. BTC-USD - Drawdown Comparison

The maximum BITF drawdown since its inception was -100.00%, which is greater than BTC-USD's maximum drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for BITF and BTC-USD.

Drawdown Indicators

	BITF	BTC-USD	Difference
Max Drawdown Largest peak-to-trough decline	-100.00%	-85.30%	-14.70%
Max Drawdown (1Y) Largest decline over 1 year	-73.65%	-49.65%	-24.00%
Max Drawdown (5Y) Largest decline over 5 years	-95.72%	-76.67%	-19.05%
Max Drawdown (10Y) Largest decline over 10 years	—	-83.80%	—
Current Drawdown Current decline from peak	-77.68%	-45.02%	-32.66%
Average Drawdown Average peak-to-trough decline	-67.90%	-41.99%	-25.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	40.54%	27.60%	+12.94%

Volatility

BITF vs. BTC-USD - Volatility Comparison

Bitfarms Ltd. (BITF) has a higher volatility of 24.76% compared to Bitcoin (BTC-USD) at 13.58%. This indicates that BITF's price experiences larger fluctuations and is considered to be riskier than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BITF	BTC-USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.76%	13.58%	+11.18%
Volatility (6M) Calculated over the trailing 6-month period	79.34%	35.98%	+43.36%
Volatility (1Y) Calculated over the trailing 1-year period	107.51%	36.76%	+70.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	106.11%	46.90%	+59.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	747,878.46%	56.70%	+747,821.76%