BTDR vs. COHR
BTDR (Bitdeer Technologies Group Class A Ordinary Shares) and COHR (Coherent, Inc.) are both stocks. Both are in the Technology sector — BTDR in Software - Application, COHR in Scientific & Technical Instruments. Over the past 3 years, BTDR returned 16.95%/yr vs 91.08%/yr for COHR. At a 0.31 correlation, their price movements are largely independent.
Performance
BTDR vs. COHR - Performance Comparison
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Returns By Period
In the year-to-date period, BTDR achieves a 62.80% return, which is significantly lower than COHR's 107.41% return.
BTDR
- 1D
- -0.38%
- 1M
- 36.70%
- YTD
- 62.80%
- 6M
- 82.32%
- 1Y
- 34.59%
- 3Y*
- 16.95%
- 5Y*
- —
- 10Y*
- —
COHR
- 1D
- -7.50%
- 1M
- 0.09%
- YTD
- 107.41%
- 6M
- 118.50%
- 1Y
- 374.01%
- 3Y*
- 91.08%
- 5Y*
- 40.73%
- 10Y*
- 34.48%
BTDR vs. COHR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BTDR Bitdeer Technologies Group Class A Ordinary Shares | 62.80% | -48.27% | 119.78% | 20.10% |
COHR Coherent, Inc. | 107.41% | 94.84% | 117.62% | 27.54% |
Correlation
The correlation between BTDR and COHR is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2023 | 0.31 |
Fundamentals
BTDR:
-$2.23
COHR:
$1.64K
BTDR:
5.58
COHR:
0.02
BTDR:
$739.06M
COHR:
$1.81T
BTDR:
$25.18M
COHR:
$1.76B
BTDR:
$59.65M
COHR:
$960.76M
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Return for Risk
BTDR vs. COHR — Risk / Return Rank
BTDR
COHR
BTDR vs. COHR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitdeer Technologies Group Class A Ordinary Shares (BTDR) and Coherent, Inc. (COHR). 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 | COHR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.73 | ||
| Sortino ratioReturn per unit of downside risk | -2.66 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.54 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | 0.48 | 14.22 | -13.73 |
| Martin ratioReturn relative to average drawdown | 0.81 | 38.88 | -38.07 |
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Drawdowns
BTDR vs. COHR - Drawdown Comparison
The maximum BTDR drawdown since its inception was -79.52%, roughly equal to the maximum COHR drawdown of -80.89%. Use the drawdown chart below to compare losses from any high point for BTDR and COHR.
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Drawdown Indicators
| BTDR | COHR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.52% | -80.89% | +1.37% |
Max Drawdown (1Y)Largest decline over 1 year | -71.89% | -26.52% | -45.37% |
Max Drawdown (3Y)Largest decline over 3 years | -79.52% | -54.85% | -24.67% |
Max Drawdown (5Y)Largest decline over 5 years | — | -62.87% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -72.22% | — |
Current DrawdownCurrent decline from peak | -30.08% | -10.33% | -19.75% |
Average DrawdownAverage peak-to-trough decline | -43.58% | -35.01% | -8.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 42.94% | 9.68% | +33.26% |
Volatility
BTDR vs. COHR - Volatility Comparison
Bitdeer Technologies Group Class A Ordinary Shares (BTDR) and Coherent, Inc. (COHR) have volatilities of 29.93% and 29.36%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTDR | COHR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 29.93% | 29.36% | +0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 68.65% | 57.33% | +11.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 100.77% | 74.29% | +26.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 123.16% | 61.77% | +61.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 123.16% | 56.67% | +66.49% |
Dividends
BTDR vs. COHR - Dividend Comparison
Neither BTDR nor COHR has paid dividends to shareholders.
Financials
BTDR vs. COHR - Financials Comparison
This section allows you to compare key financial metrics between Bitdeer Technologies Group Class A Ordinary Shares and Coherent, 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
BTDR vs. COHR - Profitability Comparison
BTDR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Bitdeer Technologies Group Class A Ordinary Shares reported a gross profit of -39.04M and revenue of 188.93M. Therefore, the gross margin over that period was -20.7%.
COHR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Coherent, Inc. reported a gross profit of 0.00 and revenue of 1.81T. Therefore, the gross margin over that period was 0.0%.
BTDR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Bitdeer Technologies Group Class A Ordinary Shares reported an operating income of -86.73M and revenue of 188.93M, resulting in an operating margin of -45.9%.
COHR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Coherent, Inc. reported an operating income of 0.00 and revenue of 1.81T, resulting in an operating margin of 0.0%.
BTDR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Bitdeer Technologies Group Class A Ordinary Shares reported a net income of -159.53M and revenue of 188.93M, resulting in a net margin of -84.4%.
COHR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Coherent, Inc. reported a net income of 191.40B and revenue of 1.81T, resulting in a net margin of 10.6%.
Frequently Asked Questions
BTDR and COHR have a correlation of 0.30, 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 COHR (29.36%). In terms of maximum drawdown, BTDR dropped -79.52% vs COHR's -80.89%.
COHR currently has the higher Sharpe Ratio (5.08 vs 0.35), 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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