BTDR vs. HIVE
BTDR (Bitdeer Technologies Group Class A Ordinary Shares) and HIVE (HIVE Blockchain Technologies Ltd) are both stocks. BTDR operates in Software - Application (Technology), while HIVE operates in Capital Markets (Financial Services). Over the past 3 years, BTDR returned 34.06%/yr vs 6.13%/yr for HIVE. A 0.58 correlation means they provide meaningful diversification when combined.
Performance
BTDR vs. HIVE - Performance Comparison
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Returns By Period
In the year-to-date period, BTDR achieves a 59.05% return, which is significantly higher than HIVE's 44.57% return.
BTDR
- 1D
- 1.02%
- 1M
- 34.87%
- YTD
- 59.05%
- 6M
- 67.42%
- 1Y
- 34.16%
- 3Y*
- 34.06%
- 5Y*
- —
- 10Y*
- —
HIVE
- 1D
- -1.58%
- 1M
- 35.14%
- YTD
- 44.57%
- 6M
- 21.90%
- 1Y
- 91.28%
- 3Y*
- 6.13%
- 5Y*
- -20.84%
- 10Y*
- —
BTDR vs. HIVE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BTDR Bitdeer Technologies Group Class A Ordinary Shares | 59.05% | -48.27% | 119.78% | 20.10% |
HIVE HIVE Blockchain Technologies Ltd | 44.57% | -9.47% | -37.09% | 26.54% |
Correlation
The correlation between BTDR and HIVE is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2023 | 0.58 |
The correlation between BTDR and HIVE has been stable across timeframes, ranging from 0.58 to 0.65 - a consistent structural relationship.
Fundamentals
BTDR:
-$2.23
HIVE:
-$0.33
BTDR:
5.45
HIVE:
3.19
BTDR:
$739.06M
HIVE:
$257.14M
BTDR:
$25.18M
HIVE:
$58.57M
BTDR:
$59.65M
HIVE:
$87.81M
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Return for Risk
BTDR vs. HIVE — Risk / Return Rank
BTDR
HIVE
BTDR vs. HIVE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitdeer Technologies Group Class A Ordinary Shares (BTDR) and HIVE Blockchain Technologies Ltd (HIVE). 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 | HIVE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.62 | ||
| Sortino ratioReturn per unit of downside risk | -0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.22 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.48 | 1.23 | -0.75 |
| Martin ratioReturn relative to average drawdown | 0.80 | 1.96 | -1.16 |
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Drawdowns
BTDR vs. HIVE - Drawdown Comparison
The maximum BTDR drawdown since its inception was -79.52%, smaller than the maximum HIVE drawdown of -97.73%. Use the drawdown chart below to compare losses from any high point for BTDR and HIVE.
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Drawdown Indicators
| BTDR | HIVE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.52% | -97.73% | +18.21% |
Max Drawdown (1Y)Largest decline over 1 year | -71.89% | -74.86% | +2.97% |
Max Drawdown (3Y)Largest decline over 3 years | -79.52% | -80.27% | +0.75% |
Max Drawdown (5Y)Largest decline over 5 years | — | -94.61% | — |
Current DrawdownCurrent decline from peak | -31.69% | -86.10% | +54.41% |
Average DrawdownAverage peak-to-trough decline | -43.61% | -78.56% | +34.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 42.86% | 46.70% | -3.84% |
Volatility
BTDR vs. HIVE - Volatility Comparison
The current volatility for Bitdeer Technologies Group Class A Ordinary Shares (BTDR) is 33.51%, while HIVE Blockchain Technologies Ltd (HIVE) has a volatility of 39.86%. This indicates that BTDR experiences smaller price fluctuations and is considered to be less risky than HIVE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTDR | HIVE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 33.51% | 39.86% | -6.35% |
Volatility (6M)Calculated over the trailing 6-month period | 69.35% | 67.14% | +2.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 100.95% | 95.73% | +5.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 123.31% | 93.17% | +30.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 123.31% | 109.17% | +14.14% |
Dividends
BTDR vs. HIVE - Dividend Comparison
Neither BTDR nor HIVE has paid dividends to shareholders.
Financials
BTDR vs. HIVE - Financials Comparison
This section allows you to compare key financial metrics between Bitdeer Technologies Group Class A Ordinary Shares and HIVE Blockchain Technologies Ltd. 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. HIVE - 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%.
HIVE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, HIVE Blockchain Technologies Ltd reported a gross profit of 32.14M and revenue of 93.11M. Therefore, the gross margin over that period was 34.5%.
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%.
HIVE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, HIVE Blockchain Technologies Ltd reported an operating income of 16.70M and revenue of 93.11M, resulting in an operating margin of 17.9%.
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%.
HIVE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, HIVE Blockchain Technologies Ltd reported a net income of -91.33M and revenue of 93.11M, resulting in a net margin of -98.1%.
Frequently Asked Questions
BTDR and HIVE have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HIVE has higher volatility (39.86%) compared to BTDR (33.51%). In terms of maximum drawdown, BTDR dropped -79.52% vs HIVE's -97.73%.
HIVE currently has the higher Sharpe Ratio (0.96 vs 0.34), 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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