BTBT vs. SLNH
BTBT (Bit Digital, Inc.) and SLNH (Soluna Holdings, Inc.) are both stocks. BTBT operates in Capital Markets (Financial Services), while SLNH operates in Scientific & Technical Instruments (Technology). Over the past 5 years, BTBT returned -26.71%/yr vs -63.03%/yr for SLNH. At a 0.29 correlation, their price movements are largely independent.
Performance
BTBT vs. SLNH - Performance Comparison
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Returns By Period
In the year-to-date period, BTBT achieves a -5.82% return, which is significantly lower than SLNH's 17.09% return.
BTBT
- 1D
- 8.54%
- 1M
- -1.11%
- YTD
- -5.82%
- 6M
- -19.09%
- 1Y
- -32.83%
- 3Y*
- -14.62%
- 5Y*
- -26.71%
- 10Y*
- —
SLNH
- 1D
- 2.24%
- 1M
- -25.14%
- YTD
- 17.09%
- 6M
- -14.38%
- 1Y
- 117.46%
- 3Y*
- -34.14%
- 5Y*
- -63.03%
- 10Y*
- -18.44%
BTBT vs. SLNH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
BTBT Bit Digital, Inc. | -5.82% | -35.49% | -30.73% | 605.00% | -90.13% | -72.25% | 5,377.50% | -93.85% | 40.69% |
SLNH Soluna Holdings, Inc. | 17.09% | -44.29% | -47.50% | -38.67% | -97.58% | 128.45% | 602.99% | 47.87% | 12.15% |
Correlation
The correlation between BTBT and SLNH is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Mar 21, 2018 | 0.29 |
The correlation between BTBT and SLNH shifts across timeframes, from 0.29 (all time) to 0.43 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
BTBT:
$579.64M
SLNH:
$115.22M
BTBT:
-$498.30
SLNH:
-$1.63
BTBT:
0.02
SLNH:
1.60
BTBT:
0.00
SLNH:
2.44
BTBT:
$28.01B
SLNH:
$33.18M
BTBT:
$48.37M
SLNH:
$28.87M
BTBT:
-$162.09B
SLNH:
-$25.84M
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Return for Risk
BTBT vs. SLNH — Risk / Return Rank
BTBT
SLNH
BTBT vs. SLNH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bit Digital, Inc. (BTBT) and Soluna Holdings, Inc. (SLNH). 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.
| BTBT | SLNH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.93 | ||
| Sortino ratioReturn per unit of downside risk | -2.54 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.28 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.47 | 1.37 | -1.84 |
| Martin ratioReturn relative to average drawdown | -0.75 | 1.94 | -2.68 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BTBT | SLNH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.36 | 0.58 | -0.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.23 | -0.44 | +0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.14 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.08 | -0.07 | -0.02 |
Drawdowns
BTBT vs. SLNH - Drawdown Comparison
The maximum BTBT drawdown since its inception was -98.16%, roughly equal to the maximum SLNH drawdown of -99.90%. Use the drawdown chart below to compare losses from any high point for BTBT and SLNH.
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Drawdown Indicators
| BTBT | SLNH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.16% | -99.90% | +1.74% |
Max Drawdown (1Y)Largest decline over 1 year | -70.02% | -86.26% | +16.24% |
Max Drawdown (3Y)Largest decline over 3 years | -77.08% | -95.57% | +18.49% |
Max Drawdown (5Y)Largest decline over 5 years | -96.92% | -99.90% | +2.98% |
Max Drawdown (10Y)Largest decline over 10 years | — | -99.90% | — |
Current DrawdownCurrent decline from peak | -93.92% | -99.67% | +5.75% |
Average DrawdownAverage peak-to-trough decline | -75.53% | -57.06% | -18.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 44.09% | 60.93% | -16.84% |
Volatility
BTBT vs. SLNH - Volatility Comparison
The current volatility for Bit Digital, Inc. (BTBT) is 35.18%, while Soluna Holdings, Inc. (SLNH) has a volatility of 39.85%. This indicates that BTBT experiences smaller price fluctuations and is considered to be less risky than SLNH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTBT | SLNH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 35.18% | 39.85% | -4.67% |
Volatility (6M)Calculated over the trailing 6-month period | 62.46% | 108.36% | -45.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 92.66% | 205.10% | -112.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 117.67% | 143.76% | -26.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 133.90% | 128.59% | +5.31% |
Dividends
BTBT vs. SLNH - Dividend Comparison
Neither BTBT nor SLNH has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BTBT Bit Digital, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SLNH Soluna Holdings, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 110.45% |
Financials
BTBT vs. SLNH - Financials Comparison
This section allows you to compare key financial metrics between Bit Digital, Inc. and Soluna 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 SLNH have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SLNH has higher volatility (39.85%) compared to BTBT (35.18%). In terms of maximum drawdown, BTBT dropped -98.16% vs SLNH's -99.90%.
SLNH currently has the higher Sharpe Ratio (0.58 vs -0.36), 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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