BTDR vs. KARO
BTDR (Bitdeer Technologies Group Class A Ordinary Shares) and KARO (Karooooo Ltd.) are both stocks. Both operate in the Software - Application industry within the Technology sector. Over the past 3 years, BTDR returned 54.13%/yr vs 29.27%/yr for KARO. At a 0.16 correlation, their price movements are largely independent.
Performance
BTDR vs. KARO - Performance Comparison
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Returns By Period
In the year-to-date period, BTDR achieves a 64.94% return, which is significantly higher than KARO's 1.82% return.
BTDR
- 1D
- 5.84%
- 1M
- 37.27%
- YTD
- 64.94%
- 6M
- 54.08%
- 1Y
- 32.17%
- 3Y*
- 54.13%
- 5Y*
- —
- 10Y*
- —
KARO
- 1D
- -1.68%
- 1M
- -7.71%
- YTD
- 1.82%
- 6M
- -1.22%
- 1Y
- -18.47%
- 3Y*
- 29.27%
- 5Y*
- 6.12%
- 10Y*
- —
BTDR vs. KARO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BTDR Bitdeer Technologies Group Class A Ordinary Shares | 64.94% | -48.27% | 119.78% | 20.10% |
KARO Karooooo Ltd. | 1.82% | 3.48% | 91.47% | 15.96% |
Correlation
The correlation between BTDR and KARO is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2023 | 0.16 |
Fundamentals
BTDR:
$4.32B
KARO:
$1.43B
BTDR:
-$2.23
KARO:
$31.92
BTDR:
5.65
KARO:
0.26
BTDR:
5.91
KARO:
0.43
BTDR:
$739.06M
KARO:
$5.43B
BTDR:
$25.18M
KARO:
$3.70B
BTDR:
$59.65M
KARO:
$2.27B
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Return for Risk
BTDR vs. KARO — Risk / Return Rank
BTDR
KARO
BTDR vs. KARO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitdeer Technologies Group Class A Ordinary Shares (BTDR) and Karooooo Ltd. (KARO). 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 | KARO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.74 | ||
| Sortino ratioReturn per unit of downside risk | +1.47 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 0.96 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.45 | -0.60 | +1.05 |
| Martin ratioReturn relative to average drawdown | 0.75 | -0.92 | +1.67 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BTDR | KARO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.32 | -0.41 | +0.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.11 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.16 | +0.02 |
Drawdowns
BTDR vs. KARO - Drawdown Comparison
The maximum BTDR drawdown since its inception was -79.52%, which is greater than KARO's maximum drawdown of -52.12%. Use the drawdown chart below to compare losses from any high point for BTDR and KARO.
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Drawdown Indicators
| BTDR | KARO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.52% | -52.12% | -27.40% |
Max Drawdown (1Y)Largest decline over 1 year | -71.89% | -31.13% | -40.76% |
Max Drawdown (3Y)Largest decline over 3 years | -79.52% | -32.31% | -47.21% |
Max Drawdown (5Y)Largest decline over 5 years | — | -51.66% | — |
Current DrawdownCurrent decline from peak | -29.16% | -24.61% | -4.55% |
Average DrawdownAverage peak-to-trough decline | -43.72% | -25.04% | -18.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 42.76% | 20.12% | +22.64% |
Volatility
BTDR vs. KARO - Volatility Comparison
Bitdeer Technologies Group Class A Ordinary Shares (BTDR) has a higher volatility of 31.03% compared to Karooooo Ltd. (KARO) at 12.27%. This indicates that BTDR's price experiences larger fluctuations and is considered to be riskier than KARO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTDR | KARO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 31.03% | 12.27% | +18.76% |
Volatility (6M)Calculated over the trailing 6-month period | 68.71% | 26.66% | +42.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 100.30% | 44.97% | +55.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 122.86% | 54.04% | +68.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 122.86% | 54.72% | +68.14% |
Dividends
BTDR vs. KARO - Dividend Comparison
BTDR has not paid dividends to shareholders, while KARO's dividend yield for the trailing twelve months is around 2.70%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BTDR Bitdeer Technologies Group Class A Ordinary Shares | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
KARO Karooooo Ltd. | 2.70% | 2.75% | 2.39% | 3.50% | 2.58% |
Financials
BTDR vs. KARO - Financials Comparison
This section allows you to compare key financial metrics between Bitdeer Technologies Group Class A Ordinary Shares and Karooooo 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. KARO - 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%.
KARO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Karooooo Ltd. reported a gross profit of 939.35M and revenue of 1.42B. Therefore, the gross margin over that period was 66.3%.
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%.
KARO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Karooooo Ltd. reported an operating income of 329.18M and revenue of 1.42B, resulting in an operating margin of 23.2%.
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%.
KARO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Karooooo Ltd. reported a net income of 217.46M and revenue of 1.42B, resulting in a net margin of 15.3%.
Frequently Asked Questions
BTDR and KARO have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTDR has higher volatility (31.03%) compared to KARO (12.27%). In terms of maximum drawdown, BTDR dropped -79.52% vs KARO's -52.12%.
BTDR currently has the higher Sharpe Ratio (0.32 vs -0.41), 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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