BTDR vs. BTC-USD
BTDR (Bitdeer Technologies Group Class A Ordinary Shares) is a stock, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 3 years, BTDR returned 16.95%/yr vs 35.29%/yr for BTC-USD. At a 0.35 correlation, their price movements are largely independent.
Performance
BTDR vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, BTDR achieves a 62.80% return, which is significantly higher than BTC-USD's -24.99% return.
BTDR
- 1D
- -0.38%
- 1M
- 36.70%
- YTD
- 62.80%
- 6M
- 82.32%
- 1Y
- 34.59%
- 3Y*
- 16.95%
- 5Y*
- —
- 10Y*
- —
BTC-USD
- 1D
- -0.98%
- 1M
- -15.22%
- YTD
- -24.99%
- 6M
- -25.30%
- 1Y
- -38.58%
- 3Y*
- 35.29%
- 5Y*
- 11.49%
- 10Y*
- 56.20%
BTDR vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BTDR Bitdeer Technologies Group Class A Ordinary Shares | 62.80% | -48.27% | 119.78% | 20.10% |
BTC-USD Bitcoin | -24.99% | -6.27% | 120.76% | 41.37% |
Correlation
The correlation between BTDR and BTC-USD is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2023 | 0.35 |
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Return for Risk
BTDR vs. BTC-USD — Risk / Return Rank
BTDR
BTC-USD
BTDR vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitdeer Technologies Group Class A Ordinary Shares (BTDR) and Bitcoin (BTC-USD). 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.
| BTDR | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.25 | ||
| Sortino ratioReturn per unit of downside risk | +2.45 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 0.87 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 0.48 | -0.75 | +1.24 |
| Martin ratioReturn relative to average drawdown | 0.81 | -1.30 | +2.11 |
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Drawdowns
BTDR vs. BTC-USD - Drawdown Comparison
The maximum BTDR drawdown since its inception was -79.52%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for BTDR and BTC-USD.
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Drawdown Indicators
| BTDR | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.52% | -85.30% | +5.78% |
Max Drawdown (1Y)Largest decline over 1 year | -71.89% | -51.21% | -20.68% |
Max Drawdown (3Y)Largest decline over 3 years | -79.52% | -51.21% | -28.31% |
Max Drawdown (5Y)Largest decline over 5 years | — | -76.67% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -83.80% | — |
Current DrawdownCurrent decline from peak | -30.08% | -47.38% | +17.30% |
Average DrawdownAverage peak-to-trough decline | -43.58% | -42.39% | -1.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 42.94% | 34.87% | +8.07% |
Volatility
BTDR vs. BTC-USD - Volatility Comparison
Bitdeer Technologies Group Class A Ordinary Shares (BTDR) has a higher volatility of 29.93% compared to Bitcoin (BTC-USD) at 12.15%. This indicates that BTDR's price experiences larger fluctuations and is considered to be riskier than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTDR | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 29.93% | 12.15% | +17.78% |
Volatility (6M)Calculated over the trailing 6-month period | 68.65% | 34.56% | +34.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 100.77% | 35.63% | +65.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 123.16% | 44.52% | +78.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 123.16% | 56.55% | +66.61% |
Frequently Asked Questions
BTDR and BTC-USD have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTDR has higher volatility (29.93%) compared to BTC-USD (12.15%). In terms of maximum drawdown, BTDR dropped -79.52% vs BTC-USD's -85.30%.
BTDR currently has the higher Sharpe Ratio (0.35 vs -0.90), 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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