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BITF vs. BTC-USD
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

Correlation

The correlation between BITF and BTC-USD is 0.45, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


-0.50.00.51.00.5

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.

-40.00%-20.00%0.00%20.00%40.00%60.00%AugustSeptemberOctoberNovemberDecember2025
-39.78%
55.53%
BITF
BTC-USD

Key characteristics

Sharpe Ratio

BITF:

-0.28

BTC-USD:

2.38

Sortino Ratio

BITF:

0.20

BTC-USD:

3.04

Omega Ratio

BITF:

1.02

BTC-USD:

1.30

Calmar Ratio

BITF:

-0.31

BTC-USD:

2.37

Martin Ratio

BITF:

-0.67

BTC-USD:

10.81

Ulcer Index

BITF:

39.01%

BTC-USD:

11.01%

Daily Std Dev

BITF:

92.70%

BTC-USD:

43.94%

Max Drawdown

BITF:

-95.72%

BTC-USD:

-93.07%

Current Drawdown

BITF:

-81.06%

BTC-USD:

-1.58%

Returns By Period

In the year-to-date period, BITF achieves a 12.75% return, which is significantly higher than BTC-USD's 11.81% return.


BITF

YTD

12.75%

1M

-7.69%

6M

-39.78%

1Y

-19.23%

5Y*

26.02%

10Y*

N/A

BTC-USD

YTD

11.81%

1M

4.42%

6M

56.59%

1Y

153.17%

5Y*

64.37%

10Y*

85.95%

*Annualized

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Risk-Adjusted Performance

BITF vs. BTC-USD — Risk-Adjusted Performance Rank

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

BITF
The Risk-Adjusted Performance Rank of BITF is 3434
Overall Rank
The Sharpe Ratio Rank of BITF is 3232
Sharpe Ratio Rank
The Sortino Ratio Rank of BITF is 3838
Sortino Ratio Rank
The Omega Ratio Rank of BITF is 3737
Omega Ratio Rank
The Calmar Ratio Rank of BITF is 2828
Calmar Ratio Rank
The Martin Ratio Rank of BITF is 3333
Martin Ratio Rank

BTC-USD
The Risk-Adjusted Performance Rank of BTC-USD is 8787
Overall Rank
The Sharpe Ratio Rank of BTC-USD is 8686
Sharpe Ratio Rank
The Sortino Ratio Rank of BTC-USD is 8585
Sortino Ratio Rank
The Omega Ratio Rank of BTC-USD is 8585
Omega Ratio Rank
The Calmar Ratio Rank of BTC-USD is 9292
Calmar Ratio Rank
The Martin Ratio Rank of BTC-USD is 8888
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

BITF vs. BTC-USD - Risk-Adjusted Performance 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.


Sharpe ratio
The chart of Sharpe ratio for BITF, currently valued at -0.04, compared to the broader market-2.000.002.004.00-0.042.38
The chart of Sortino ratio for BITF, currently valued at 0.65, compared to the broader market-4.00-2.000.002.004.000.653.04
The chart of Omega ratio for BITF, currently valued at 1.07, compared to the broader market0.501.001.502.001.071.30
The chart of Calmar ratio for BITF, currently valued at -0.31, compared to the broader market0.002.004.006.00-0.312.37
The chart of Martin ratio for BITF, currently valued at -0.13, compared to the broader market-10.000.0010.0020.0030.00-0.1310.81
BITF
BTC-USD

The current BITF Sharpe Ratio is -0.28, which is lower than the BTC-USD Sharpe Ratio of 2.38. 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.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.00AugustSeptemberOctoberNovemberDecember2025
-0.04
2.38
BITF
BTC-USD

Drawdowns

BITF vs. BTC-USD - Drawdown Comparison

The maximum BITF drawdown since its inception was -95.72%, roughly equal to the maximum BTC-USD drawdown of -93.07%. Use the drawdown chart below to compare losses from any high point for BITF and BTC-USD. For additional features, visit the drawdowns tool.


-80.00%-60.00%-40.00%-20.00%0.00%AugustSeptemberOctoberNovemberDecember2025
-81.06%
-1.58%
BITF
BTC-USD

Volatility

BITF vs. BTC-USD - Volatility Comparison

Bitfarms Ltd. (BITF) has a higher volatility of 19.61% compared to Bitcoin (BTC-USD) at 12.88%. 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.


10.00%15.00%20.00%25.00%30.00%35.00%40.00%AugustSeptemberOctoberNovemberDecember2025
19.61%
12.88%
BITF
BTC-USD
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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