BTDR vs. CANG

Last updated Jun 9, 2026

BTDR (Bitdeer Technologies Group Class A Ordinary Shares) and CANG (Cango Inc.) are both stocks. BTDR operates in Software - Application (Technology), while CANG operates in Internet Content & Information (Communication Services). Over the past 3 years, BTDR returned 54.13%/yr vs -18.07%/yr for CANG. At a 0.26 correlation, their price movements are largely independent.

Performance

BTDR vs. CANG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bitdeer Technologies Group Class A Ordinary Shares (BTDR) and Cango Inc. (CANG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BTDR achieves a 64.94% return, which is significantly higher than CANG's -78.00% return.

BTDR

• 1D: 5.84%
• 1M: 37.27%
• YTD: 64.94%
• 6M: 54.08%
• 1Y: 32.17%
• 3Y*: 54.13%
• 5Y*: —
• 10Y*: —

CANG

• 1D: 0.30%
• 1M: -52.24%
• YTD: -78.00%
• 6M: -72.27%
• 1Y: -87.31%
• 3Y*: -18.07%
• 5Y*: -17.24%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BTDR vs. CANG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BTDR Bitdeer Technologies Group Class A Ordinary Shares	64.94%	-48.27%	119.78%	-1.40%
CANG Cango Inc.	-78.00%	-31.82%	331.37%	-12.45%

Correlation

The correlation between BTDR and CANG is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (3Y) Calculated over the trailing 3-year period	0.27
Correlation (All Time) Calculated using the full available price history since Apr 14, 2023	0.26

The correlation between BTDR and CANG shifts across timeframes, from 0.26 (all time) to 0.40 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap BTDR : $4.32B CANG : $118.34M
EPS BTDR : -$2.23 CANG : -$10.61
PS Ratio BTDR : 5.65 CANG : 0.05
PB Ratio BTDR : 5.91 CANG : 0.08
Total Revenue (TTM) BTDR : $739.06M CANG : $2.32B
Gross Profit (TTM) BTDR : $25.18M CANG : -$783.34M
EBITDA (TTM) BTDR : $59.65M CANG : -$1.82B

Return for Risk

BTDR vs. CANG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BTDR

BTDR Risk / Return Rank: 55
BTDR Sharpe Ratio Rank: 54
BTDR Sortino Ratio Rank: 60
BTDR Omega Ratio Rank: 57
BTDR Calmar Ratio Rank: 53
BTDR Martin Ratio Rank: 51

CANG

CANG Risk / Return Rank: 4
CANG Sharpe Ratio Rank: 8
CANG Sortino Ratio Rank: 2
CANG Omega Ratio Rank: 3
CANG Calmar Ratio Rank: 1
CANG Martin Ratio Rank: 3

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BTDR vs. CANG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bitdeer Technologies Group Class A Ordinary Shares (BTDR) and Cango Inc. (CANG). 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.

	BTDR	CANG	Difference
Sharpe ratio: Return per unit of total volatility	0.32	-0.86	+1.18
Sortino ratio: Return per unit of downside risk	1.18	-2.13	+3.31
Omega ratio: Gain probability vs. loss probability	1.14	0.76	+0.38
Calmar ratio: Return relative to maximum drawdown	0.45	-0.99	+1.44
Martin ratio: Return relative to average drawdown	0.75	-1.64	+2.39
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BTDR vs. CANG - Sharpe Ratio Comparison

The current BTDR Sharpe Ratio is 0.32, which is higher than the CANG Sharpe Ratio of -0.86. The chart below compares the historical Sharpe Ratios of BTDR and CANG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BTDR	CANG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.32	-0.86	+1.18
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.21	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.18	-0.22	+0.39

Drawdowns

BTDR vs. CANG - Drawdown Comparison

The maximum BTDR drawdown since its inception was -79.52%, smaller than the maximum CANG drawdown of -91.77%. Use the drawdown chart below to compare losses from any high point for BTDR and CANG.

Drawdown Indicators

	BTDR	CANG	Difference
Max Drawdown Largest peak-to-trough decline	-79.52%	-91.77%	+12.25%
Max Drawdown (1Y) Largest decline over 1 year	-71.89%	-88.04%	+16.15%
Max Drawdown (3Y) Largest decline over 3 years	-79.52%	-91.77%	+12.25%
Max Drawdown (5Y) Largest decline over 5 years	—	-91.78%	—
Current Drawdown Current decline from peak	-29.16%	-91.75%	+62.59%
Average Drawdown Average peak-to-trough decline	-43.72%	-59.79%	+16.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	42.76%	53.31%	-10.55%

Volatility

BTDR vs. CANG - Volatility Comparison

The current volatility for Bitdeer Technologies Group Class A Ordinary Shares (BTDR) is 31.03%, while Cango Inc. (CANG) has a volatility of 39.70%. This indicates that BTDR experiences smaller price fluctuations and is considered to be less risky than CANG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BTDR	CANG	Difference
Volatility (1M) Calculated over the trailing 1-month period	31.03%	39.70%	-8.67%
Volatility (6M) Calculated over the trailing 6-month period	68.71%	90.51%	-21.80%
Volatility (1Y) Calculated over the trailing 1-year period	100.30%	102.07%	-1.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	122.86%	82.80%	+40.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	122.86%	83.81%	+39.05%

Dividends

BTDR vs. CANG - Dividend Comparison

Neither BTDR nor CANG has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
BTDR Bitdeer Technologies Group Class A Ordinary Shares	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
CANG Cango Inc.	0.00%	0.00%	0.00%	0.00%	229.36%	31.85%	3.57%	2.73%

Financials

Frequently Asked Questions

Can I hold both BTDR and CANG in my portfolio?

BTDR and CANG have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BTDR or CANG?

CANG has higher volatility (39.70%) compared to BTDR (31.03%). In terms of maximum drawdown, BTDR dropped -79.52% vs CANG's -91.77%.

Which has better risk-adjusted returns?

BTDR currently has the higher Sharpe Ratio (0.32 vs -0.86), 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.