BTBT vs. MARA
BTBT (Bit Digital, Inc.) and MARA (MARA Holdings, Inc.) are both stocks. BTBT operates in Information Technology Services (Technology), while MARA operates in Capital Markets (Financial Services). Over the past 5 years, BTBT returned -31.98%/yr vs -16.34%/yr for MARA. Their 0.54 correlation means they have sometimes moved together and sometimes differently.
Performance
BTBT vs. MARA - Performance Comparison
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Returns By Period
In the year-to-date period, BTBT achieves a -30.69% return, which is significantly lower than MARA's 26.06% return.
BTBT
- 1D
- -7.75%
- 1M
- -20.61%
- 6M
- -35.47%
- YTD
- -30.69%
- 1Y
- -51.84%
- 3Y*
- -33.18%
- 5Y*
- -31.98%
- 10Y*
- —
- ALL TIME*
- -15.20%
MARA
- 1D
- -4.23%
- 1M
- -8.71%
- 6M
- 19.16%
- YTD
- 26.06%
- 1Y
- -26.97%
- 3Y*
- -12.38%
- 5Y*
- -16.34%
- 10Y*
- -13.31%
- ALL TIME*
- -10.28%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $35.20M | $38.64M | $50.00M | |
| $650.73M | $599.97M | $583.47M |
BTBT vs. MARA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
BTBT Bit Digital, Inc. | -30.69% | -35.49% | -30.73% | 605.00% | -90.13% | -72.25% | 5,377.50% | -93.85% | 25.00% |
MARA MARA Holdings, Inc. | 26.06% | -46.45% | -28.61% | 586.84% | -89.59% | 214.75% | 1,084.48% | -39.16% | -76.33% |
Correlation
The correlation between BTBT and MARA is 0.74, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.74 |
Correlation (3Y) Balances recent behavior with more history. | 0.75 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.75 |
Correlation (All Time) Calculated using the full available price history since Mar 20, 2018 | 0.54 |
The correlation between BTBT and MARA shifts across timeframes, from 0.54 (all time) to 0.75 (3 years), reflecting how their relationship changes across market environments.
Fundamentals
BTBT:
$457.44M
MARA:
$4.32B
BTBT:
-$454.28
MARA:
-$5.07
BTBT:
0.02
MARA:
5.24
BTBT:
$28.01B
MARA:
$867.82M
BTBT:
$48.37M
MARA:
$164.95M
BTBT:
-$162.09B
MARA:
$373.68M
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Return for Risk
BTBT vs. MARA — Risk / Return Rank
BTBT
MARA
BTBT vs. MARA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bit Digital, Inc. (BTBT) and MARA Holdings, Inc. (MARA). 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 | MARA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.26 | ||
| Sortino ratioReturn per unit of downside risk | -0.64 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.00 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.77 | -0.42 | -0.35 |
| Martin ratioReturn relative to average drawdown | -1.13 | -0.66 | -0.47 |
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Drawdowns
BTBT vs. MARA - Drawdown Comparison
The maximum BTBT drawdown since its inception was -98.16%, roughly equal to the maximum MARA drawdown of -99.74%. Use the drawdown chart below to compare losses from any high point for BTBT and MARA.
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Drawdown Indicators
| BTBT | MARA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.16% | -99.74% | +1.58% |
Max Drawdown (1Y)Largest decline over 1 year | -71.33% | -70.53% | -0.80% |
Max Drawdown (3Y)Largest decline over 3 years | -78.08% | -78.34% | +0.26% |
Max Drawdown (5Y)Largest decline over 5 years | -96.92% | -95.87% | -1.05% |
Max Drawdown (10Y)Largest decline over 10 years | — | -99.19% | — |
Current DrawdownCurrent decline from peak | -95.52% | -92.68% | -2.84% |
Average DrawdownAverage peak-to-trough decline | -75.91% | -78.13% | +2.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 48.52% | 44.73% | +3.79% |
Volatility
BTBT vs. MARA - Volatility Comparison
The current volatility for Bit Digital, Inc. (BTBT) is 28.14%, while MARA Holdings, Inc. (MARA) has a volatility of 31.27%. This indicates that BTBT experiences smaller price fluctuations and is considered to be less risky than MARA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTBT | MARA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.14% | 31.27% | -3.13% |
Volatility (6M)Calculated over the trailing 6-month period | 65.86% | 64.18% | +1.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 88.63% | 82.43% | +6.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 104.62% | 106.03% | -1.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 133.31% | 144.42% | -11.11% |
Dividends
BTBT vs. MARA - Dividend Comparison
Neither BTBT nor MARA has paid dividends to shareholders.
Financials
BTBT vs. MARA - Financials Comparison
This section allows you to compare key financial metrics between Bit Digital, Inc. and MARA Holdings, Inc.. 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 MARA have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MARA has higher volatility (31.27%) compared to BTBT (28.14%). In terms of maximum drawdown, BTBT dropped -98.16% vs MARA's -99.74%.
MARA currently has the higher Sharpe Ratio (-0.36 vs -0.62), 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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