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 0.62%/yr vs 28.03%/yr for BTC-USD. At a 0.34 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 14.85% return, which is significantly higher than BTC-USD's -27.34% return.
BTDR
- 1D
- -9.65%
- 1M
- -26.30%
- 6M
- 7.56%
- YTD
- 14.85%
- 1Y
- -1.90%
- 3Y*
- 0.62%
- 5Y*
- —
- 10Y*
- —
BTC-USD
- 1D
- -0.67%
- 1M
- 0.43%
- 6M
- -32.17%
- YTD
- -27.34%
- 1Y
- -41.28%
- 3Y*
- 28.03%
- 5Y*
- 14.10%
- 10Y*
- 57.95%
BTDR vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BTDR Bitdeer Technologies Group Class A Ordinary Shares | 14.85% | -48.27% | 119.78% | 20.10% |
BTC-USD Bitcoin | -27.34% | -6.27% | 120.76% | 41.37% |
Correlation
The correlation between BTDR and BTC-USD is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2023 | 0.34 |
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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 | +0.94 | ||
| Sortino ratioReturn per unit of downside risk | +2.08 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 0.86 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | -0.78 | +0.75 |
| Martin ratioReturn relative to average drawdown | -0.04 | -1.29 | +1.24 |
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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% | -53.08% | -18.81% |
Max Drawdown (3Y)Largest decline over 3 years | -79.52% | -53.08% | -26.44% |
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 | -50.67% | -49.03% | -1.64% |
Average DrawdownAverage peak-to-trough decline | -43.49% | -42.51% | -0.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 43.67% | 30.96% | +12.71% |
Volatility
BTDR vs. BTC-USD - Volatility Comparison
Bitdeer Technologies Group Class A Ordinary Shares (BTDR) has a higher volatility of 26.17% compared to Bitcoin (BTC-USD) at 9.23%. 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 | 26.17% | 9.23% | +16.94% |
Volatility (6M)Calculated over the trailing 6-month period | 69.75% | 34.89% | +34.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 100.20% | 35.71% | +64.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 122.65% | 43.98% | +78.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 122.65% | 56.32% | +66.33% |
Frequently Asked Questions
BTDR and BTC-USD have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTDR has higher volatility (26.17%) compared to BTC-USD (9.23%). In terms of maximum drawdown, BTDR dropped -79.52% vs BTC-USD's -85.30%.
BTDR currently has the higher Sharpe Ratio (-0.02 vs -0.96), 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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