BTBT vs. ABEV

Last updated Jun 23, 2026

BTBT (Bit Digital, Inc.) and ABEV (Ambev S.A.) are both stocks. BTBT operates in Capital Markets (Financial Services), while ABEV operates in Beverages - Brewers (Consumer Defensive). Over the past 5 years, BTBT returned -20.17%/yr vs 3.03%/yr for ABEV. At a 0.16 correlation, their price movements are largely independent.

Performance

BTBT vs. ABEV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bit Digital, Inc. (BTBT) and Ambev S.A. (ABEV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BTBT achieves a 17.99% return, which is significantly lower than ABEV's 27.13% return.

BTBT

• 1D: 2.76%
• 1M: 12.06%
• YTD: 17.99%
• 6M: 0.90%
• 1Y: -4.29%
• 3Y*: -19.97%
• 5Y*: -20.17%
• 10Y*: —

ABEV

• 1D: 0.64%
• 1M: -1.88%
• YTD: 27.13%
• 6M: 36.52%
• 1Y: 40.23%
• 3Y*: 5.92%
• 5Y*: 3.03%
• 10Y*: -1.25%

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

BTBT vs. ABEV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
BTBT Bit Digital, Inc.	17.99%	-35.49%	-30.73%	605.00%	-90.13%	-72.25%	5,377.50%	-93.85%	25.00%
ABEV Ambev S.A.	27.13%	45.11%	-30.10%	8.41%	2.38%	-4.39%	-32.61%	21.92%	-43.68%

Correlation

The correlation between BTBT and ABEV is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.16
Correlation (3Y) Calculated over the trailing 3-year period	0.15
Correlation (5Y) Calculated over the trailing 5-year period	0.19
Correlation (All Time) Calculated using the full available price history since Mar 20, 2018	0.16

Fundamentals

Market Cap BTBT : $726.17M ABEV : $49.22B
EPS BTBT : -$498.30 ABEV : R$0.99
PS Ratio BTBT : 0.02 ABEV : 2.88
PB Ratio BTBT : 0.00 ABEV : 2.81
Total Revenue (TTM) BTBT : $28.01B ABEV : R$88.21B
Gross Profit (TTM) BTBT : $48.37M ABEV : R$45.41B
EBITDA (TTM) BTBT : -$162.09B ABEV : R$28.97B

Return for Risk

BTBT vs. ABEV — Risk / Return Rank

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

BTBT

BTBT Risk / Return Rank: 42
BTBT Sharpe Ratio Rank: 40
BTBT Sortino Ratio Rank: 46
BTBT Omega Ratio Rank: 44
BTBT Calmar Ratio Rank: 40
BTBT Martin Ratio Rank: 40

ABEV

ABEV Risk / Return Rank: 78
ABEV Sharpe Ratio Rank: 78
ABEV Sortino Ratio Rank: 77
ABEV Omega Ratio Rank: 75
ABEV Calmar Ratio Rank: 80
ABEV Martin Ratio Rank: 78

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.

BTBT vs. ABEV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bit Digital, Inc. (BTBT) and Ambev S.A. (ABEV). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BTBT	ABEV	Difference
Sharpe ratio: Return per unit of total volatility	-0.05	1.28	-1.32
Sortino ratio: Return per unit of downside risk	0.63	2.06	-1.43
Omega ratio: Gain probability vs. loss probability	1.07	1.25	-0.18
Calmar ratio: Return relative to maximum drawdown	-0.06	2.51	-2.57
Martin ratio: Return relative to average drawdown	-0.10	5.57	-5.66

BTBT vs. ABEV - Sharpe Ratio Comparison

The current BTBT Sharpe Ratio is -0.05, which is lower than the ABEV Sharpe Ratio of 1.28. The chart below compares the historical Sharpe Ratios of BTBT and ABEV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BTBT vs. ABEV - Drawdown Comparison

The maximum BTBT drawdown since its inception was -98.16%, which is greater than ABEV's maximum drawdown of -74.04%. Use the drawdown chart below to compare losses from any high point for BTBT and ABEV.

Drawdown Indicators

	BTBT	ABEV	Difference
Max Drawdown Largest peak-to-trough decline	-98.16%	-74.04%	-24.12%
Max Drawdown (1Y) Largest decline over 1 year	-70.02%	-16.10%	-53.92%
Max Drawdown (3Y) Largest decline over 3 years	-77.08%	-38.37%	-38.71%
Max Drawdown (5Y) Largest decline over 5 years	-96.92%	-40.63%	-56.29%
Max Drawdown (10Y) Largest decline over 10 years	—	-72.26%	—
Current Drawdown Current decline from peak	-92.38%	-42.50%	-49.88%
Average Drawdown Average peak-to-trough decline	-75.66%	-31.85%	-43.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	45.19%	7.25%	+37.94%

Volatility

BTBT vs. ABEV - Volatility Comparison

Bit Digital, Inc. (BTBT) has a higher volatility of 25.18% compared to Ambev S.A. (ABEV) at 7.54%. This indicates that BTBT's price experiences larger fluctuations and is considered to be riskier than ABEV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BTBT	ABEV	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.18%	7.54%	+17.64%
Volatility (6M) Calculated over the trailing 6-month period	61.64%	25.19%	+36.45%
Volatility (1Y) Calculated over the trailing 1-year period	93.18%	31.75%	+61.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	117.52%	30.31%	+87.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	133.74%	34.30%	+99.44%

Dividends

BTBT vs. ABEV - Dividend Comparison

BTBT has not paid dividends to shareholders, while ABEV's dividend yield for the trailing twelve months is around 4.97%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ABEV Ambev S.A.	4.97%	8.10%	6.10%	5.26%	5.36%	4.38%	2.67%	2.51%	3.79%	2.57%	3.41%	4.32%
BTBT Bit Digital, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both BTBT and ABEV in my portfolio?

BTBT and ABEV have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BTBT or ABEV?

BTBT has higher volatility (25.18%) compared to ABEV (7.54%). In terms of maximum drawdown, BTBT dropped -98.16% vs ABEV's -74.04%.

Which has better risk-adjusted returns?

ABEV currently has the higher Sharpe Ratio (1.28 vs -0.05), 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.