BTBT vs. WULF
BTBT (Bit Digital, Inc.) and WULF (TeraWulf Inc.) are both stocks. Both operate in the Capital Markets industry within the Financial Services sector. Over the past 5 years, BTBT returned -26.71%/yr vs 22.83%/yr for WULF. At a 0.39 correlation, their price movements are largely independent.
Performance
BTBT vs. WULF - 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 WULF's 125.07% return.
BTBT
- 1D
- 8.54%
- 1M
- -1.11%
- YTD
- -5.82%
- 6M
- -19.09%
- 1Y
- -32.83%
- 3Y*
- -14.62%
- 5Y*
- -26.71%
- 10Y*
- —
WULF
- 1D
- 7.75%
- 1M
- 10.56%
- YTD
- 125.07%
- 6M
- 72.86%
- 1Y
- 494.48%
- 3Y*
- 168.90%
- 5Y*
- 22.83%
- 10Y*
- 10.67%
BTBT vs. WULF - 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% |
WULF TeraWulf Inc. | 125.07% | 103.00% | 135.83% | 260.58% | -95.58% | 77.08% | 86.34% | -36.55% | -6.31% |
Correlation
The correlation between BTBT and WULF is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Mar 21, 2018 | 0.39 |
The correlation between BTBT and WULF shifts across timeframes, from 0.39 (all time) to 0.69 (3 years), reflecting how their relationship changes across market environments.
Fundamentals
BTBT:
$579.64M
WULF:
$10.94B
BTBT:
-$498.30
WULF:
-$2.55
BTBT:
0.02
WULF:
61.90
BTBT:
$28.01B
WULF:
$168.06M
BTBT:
$48.37M
WULF:
$107.59M
BTBT:
-$162.09B
WULF:
-$132.10M
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Return for Risk
BTBT vs. WULF — Risk / Return Rank
BTBT
WULF
BTBT vs. WULF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bit Digital, Inc. (BTBT) and TeraWulf Inc. (WULF). 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 | WULF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.08 | ||
| Sortino ratioReturn per unit of downside risk | -4.23 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.51 | -0.50 |
| Calmar ratioReturn relative to maximum drawdown | -0.47 | 15.71 | -16.18 |
| Martin ratioReturn relative to average drawdown | -0.75 | 41.48 | -42.23 |
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 | WULF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.36 | 4.72 | -5.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.23 | 0.18 | -0.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.11 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.08 | 0.11 | -0.20 |
Drawdowns
BTBT vs. WULF - Drawdown Comparison
The maximum BTBT drawdown since its inception was -98.16%, roughly equal to the maximum WULF drawdown of -98.50%. Use the drawdown chart below to compare losses from any high point for BTBT and WULF.
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Drawdown Indicators
| BTBT | WULF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.16% | -98.50% | +0.34% |
Max Drawdown (1Y)Largest decline over 1 year | -70.02% | -31.74% | -38.28% |
Max Drawdown (3Y)Largest decline over 3 years | -77.08% | -75.77% | -1.31% |
Max Drawdown (5Y)Largest decline over 5 years | -96.92% | -98.50% | +1.58% |
Max Drawdown (10Y)Largest decline over 10 years | — | -98.50% | — |
Current DrawdownCurrent decline from peak | -93.92% | -28.31% | -65.61% |
Average DrawdownAverage peak-to-trough decline | -75.53% | -46.67% | -28.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 44.09% | 12.00% | +32.09% |
Volatility
BTBT vs. WULF - Volatility Comparison
Bit Digital, Inc. (BTBT) has a higher volatility of 35.18% compared to TeraWulf Inc. (WULF) at 21.75%. This indicates that BTBT's price experiences larger fluctuations and is considered to be riskier than WULF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTBT | WULF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 35.18% | 21.75% | +13.43% |
Volatility (6M)Calculated over the trailing 6-month period | 62.46% | 64.60% | -2.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 92.66% | 105.83% | -13.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 117.67% | 127.48% | -9.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 133.90% | 101.40% | +32.50% |
Dividends
BTBT vs. WULF - Dividend Comparison
Neither BTBT nor WULF has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BTBT Bit Digital, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WULF TeraWulf Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 33.22% |
Financials
BTBT vs. WULF - Financials Comparison
This section allows you to compare key financial metrics between Bit Digital, Inc. and TeraWulf 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 WULF have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTBT has higher volatility (35.18%) compared to WULF (21.75%). In terms of maximum drawdown, BTBT dropped -98.16% vs WULF's -98.50%.
WULF currently has the higher Sharpe Ratio (4.72 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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