BTBT vs. HIVE
BTBT (Bit Digital, Inc.) and HIVE (HIVE Digital Technologies Ltd.) are both stocks. Both operate in the Capital Markets industry within the Financial Services sector. Over the past 5 years, BTBT returned -20.17%/yr vs -15.90%/yr for HIVE. A 0.50 correlation means they provide meaningful diversification when combined.
Performance
BTBT vs. HIVE - Performance Comparison
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Returns By Period
In the year-to-date period, BTBT achieves a 17.99% return, which is significantly lower than HIVE's 89.92% return.
BTBT
- 1D
- 2.76%
- 1M
- 12.06%
- YTD
- 17.99%
- 6M
- 0.90%
- 1Y
- -4.29%
- 3Y*
- -19.97%
- 5Y*
- -20.17%
- 10Y*
- —
HIVE
- 1D
- 15.02%
- 1M
- 20.39%
- YTD
- 89.92%
- 6M
- 67.81%
- 1Y
- 188.24%
- 3Y*
- 5.69%
- 5Y*
- -15.90%
- 10Y*
- —
BTBT vs. HIVE - 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% |
HIVE HIVE Digital Technologies Ltd. | 89.92% | -9.47% | -37.09% | 214.58% | -89.09% | 39.68% | 2,600.00% | -64.10% | -81.25% |
Correlation
The correlation between BTBT and HIVE is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Mar 20, 2018 | 0.50 |
The correlation between BTBT and HIVE shifts across timeframes, from 0.50 (all time) to 0.76 (3 years), reflecting how their relationship changes across market environments.
Fundamentals
BTBT:
-$498.30
HIVE:
-$0.33
BTBT:
0.02
HIVE:
4.19
BTBT:
$28.01B
HIVE:
$257.14M
BTBT:
$48.37M
HIVE:
$58.57M
BTBT:
-$162.09B
HIVE:
$87.81M
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Return for Risk
BTBT vs. HIVE — Risk / Return Rank
BTBT
HIVE
BTBT vs. HIVE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bit Digital, Inc. (BTBT) and HIVE Digital Technologies Ltd. (HIVE). 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 | HIVE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.00 | ||
| Sortino ratioReturn per unit of downside risk | -2.05 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.32 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.06 | 2.53 | -2.59 |
| Martin ratioReturn relative to average drawdown | -0.10 | 4.02 | -4.12 |
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Drawdowns
BTBT vs. HIVE - Drawdown Comparison
The maximum BTBT drawdown since its inception was -98.16%, roughly equal to the maximum HIVE drawdown of -97.73%. Use the drawdown chart below to compare losses from any high point for BTBT and HIVE.
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Drawdown Indicators
| BTBT | HIVE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.16% | -97.73% | -0.43% |
Max Drawdown (1Y)Largest decline over 1 year | -70.02% | -74.86% | +4.84% |
Max Drawdown (3Y)Largest decline over 3 years | -77.08% | -80.27% | +3.19% |
Max Drawdown (5Y)Largest decline over 5 years | -96.92% | -94.61% | -2.31% |
Current DrawdownCurrent decline from peak | -92.38% | -81.73% | -10.65% |
Average DrawdownAverage peak-to-trough decline | -75.66% | -78.58% | +2.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 45.19% | 47.00% | -1.81% |
Volatility
BTBT vs. HIVE - Volatility Comparison
The current volatility for Bit Digital, Inc. (BTBT) is 25.18%, while HIVE Digital Technologies Ltd. (HIVE) has a volatility of 29.35%. This indicates that BTBT experiences smaller price fluctuations and is considered to be less risky than HIVE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTBT | HIVE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.18% | 29.35% | -4.17% |
Volatility (6M)Calculated over the trailing 6-month period | 61.64% | 67.96% | -6.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 93.18% | 96.98% | -3.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 117.52% | 93.40% | +24.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 133.74% | 109.22% | +24.52% |
Dividends
BTBT vs. HIVE - Dividend Comparison
Neither BTBT nor HIVE has paid dividends to shareholders.
Financials
BTBT vs. HIVE - Financials Comparison
This section allows you to compare key financial metrics between Bit Digital, Inc. and HIVE Digital Technologies Ltd.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
BTBT and HIVE have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HIVE has higher volatility (29.35%) compared to BTBT (25.18%). In terms of maximum drawdown, BTBT dropped -98.16% vs HIVE's -97.73%.
HIVE currently has the higher Sharpe Ratio (1.96 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.
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