BTDR vs. SNDK

Last updated Jun 17, 2026

BTDR (Bitdeer Technologies Group Class A Ordinary Shares) and SNDK (Sandisk Corporation) are both stocks. Both are in the Technology sector — BTDR in Software - Application, SNDK in Computer Hardware. Over the past year, BTDR returned 34.59% vs 4404.75% for SNDK. At a 0.24 correlation, their price movements are largely independent.

Performance

BTDR vs. SNDK - Performance Comparison

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

Returns By Period

In the year-to-date period, BTDR achieves a 62.80% return, which is significantly lower than SNDK's 738.97% return.

BTDR

• 1D: -0.38%
• 1M: 36.70%
• YTD: 62.80%
• 6M: 82.32%
• 1Y: 34.59%
• 3Y*: 16.95%
• 5Y*: —
• 10Y*: —

SNDK

• 1D: -5.52%
• 1M: 41.48%
• YTD: 738.97%
• 6M: 851.48%
• 1Y: 4,404.75%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BTDR vs. SNDK - Yearly Performance Comparison

	2026 (YTD)	2025
BTDR Bitdeer Technologies Group Class A Ordinary Shares	62.80%	-14.36%
SNDK Sandisk Corporation	738.97%	356.50%

Correlation

The correlation between BTDR and SNDK is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (All Time) Calculated using the full available price history since Feb 24, 2025	0.24

Fundamentals

Market Cap BTDR : $4.26B SNDK : $312.67B
EPS BTDR : -$2.23 SNDK : $29.70
PS Ratio BTDR : 5.58 SNDK : 22.92
PB Ratio BTDR : 5.83 SNDK : 22.70
Total Revenue (TTM) BTDR : $739.06M SNDK : $13.18B
Gross Profit (TTM) BTDR : $25.18M SNDK : $7.39B
EBITDA (TTM) BTDR : $59.65M SNDK : $5.37B

Return for Risk

BTDR vs. SNDK — 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: 50

SNDK

SNDK Risk / Return Rank: 100
SNDK Sharpe Ratio Rank: 100
SNDK Sortino Ratio Rank: 99
SNDK Omega Ratio Rank: 99
SNDK Calmar Ratio Rank: 100
SNDK Martin Ratio Rank: 100

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. SNDK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bitdeer Technologies Group Class A Ordinary Shares (BTDR) and Sandisk Corporation (SNDK). 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	SNDK	Difference
Sharpe ratio: Return per unit of total volatility	0.35	44.82	-44.47
Sortino ratio: Return per unit of downside risk	1.21	8.20	-6.99
Omega ratio: Gain probability vs. loss probability	1.14	2.13	-0.99
Calmar ratio: Return relative to maximum drawdown	0.48	142.75	-142.27
Martin ratio: Return relative to average drawdown	0.81	432.21	-431.40

BTDR vs. SNDK - Sharpe Ratio Comparison

The current BTDR Sharpe Ratio is 0.35, which is lower than the SNDK Sharpe Ratio of 44.82. The chart below compares the historical Sharpe Ratios of BTDR and SNDK, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BTDR vs. SNDK - Drawdown Comparison

The maximum BTDR drawdown since its inception was -79.52%, which is greater than SNDK's maximum drawdown of -47.50%. Use the drawdown chart below to compare losses from any high point for BTDR and SNDK.

Drawdown Indicators

	BTDR	SNDK	Difference
Max Drawdown Largest peak-to-trough decline	-79.52%	-47.50%	-32.02%
Max Drawdown (1Y) Largest decline over 1 year	-71.89%	-31.34%	-40.55%
Max Drawdown (3Y) Largest decline over 3 years	-79.52%	—	—
Current Drawdown Current decline from peak	-30.08%	-5.52%	-24.56%
Average Drawdown Average peak-to-trough decline	-43.58%	-13.68%	-29.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	42.94%	10.33%	+32.61%

Volatility

BTDR vs. SNDK - Volatility Comparison

Bitdeer Technologies Group Class A Ordinary Shares (BTDR) has a higher volatility of 29.93% compared to Sandisk Corporation (SNDK) at 27.39%. This indicates that BTDR's price experiences larger fluctuations and is considered to be riskier than SNDK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BTDR	SNDK	Difference
Volatility (1M) Calculated over the trailing 1-month period	29.93%	27.39%	+2.54%
Volatility (6M) Calculated over the trailing 6-month period	68.65%	70.27%	-1.62%
Volatility (1Y) Calculated over the trailing 1-year period	100.77%	99.85%	+0.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	123.16%	97.63%	+25.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	123.16%	97.63%	+25.53%

Dividends

BTDR vs. SNDK - Dividend Comparison

Neither BTDR nor SNDK has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

BTDR vs. SNDK - Profitability Comparison

The chart below illustrates the profitability comparison between Bitdeer Technologies Group Class A Ordinary Shares and Sandisk Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

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%.

SNDK - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Sandisk Corporation reported a gross profit of 4.66B and revenue of 5.95B. Therefore, the gross margin over that period was 78.4%.

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%.

SNDK - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Sandisk Corporation reported an operating income of 4.11B and revenue of 5.95B, resulting in an operating margin of 69.1%.

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%.

SNDK - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Sandisk Corporation reported a net income of 3.62B and revenue of 5.95B, resulting in a net margin of 60.8%.

Frequently Asked Questions

Can I hold both BTDR and SNDK in my portfolio?

BTDR and SNDK have a correlation of 0.22, 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 SNDK?

BTDR has higher volatility (29.93%) compared to SNDK (27.39%). In terms of maximum drawdown, BTDR dropped -79.52% vs SNDK's -47.50%.

Which has better risk-adjusted returns?

SNDK currently has the higher Sharpe Ratio (44.82 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.