BTDR vs. CIFR
BTDR (Bitdeer Technologies Group Class A Ordinary Shares) and CIFR (Cipher Digital Inc.) are both stocks. Both are in the Technology sector — BTDR in Software - Application, CIFR in Information Technology Services. Over the past 3 years, BTDR returned 7.47%/yr vs 90.95%/yr for CIFR. Their 0.59 correlation means they have sometimes moved together and sometimes differently.
Performance
BTDR vs. CIFR - Performance Comparison
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Returns By Period
In the year-to-date period, BTDR achieves a 1.43% return, which is significantly lower than CIFR's 63.69% return.
BTDR
- 1D
- 8.08%
- 1M
- -17.91%
- 6M
- -13.80%
- YTD
- 1.43%
- 1Y
- -6.11%
- 3Y*
- 7.47%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 10.35%
CIFR
- 1D
- 8.24%
- 1M
- 20.56%
- 6M
- 52.81%
- YTD
- 63.69%
- 1Y
- 390.06%
- 3Y*
- 90.95%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 19.11%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $111.80M | $108.70M | $154.77M | |
| $701.24M | $591.81M | $595.57M |
BTDR vs. CIFR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BTDR Bitdeer Technologies Group Class A Ordinary Shares | 1.43% | -48.27% | 119.78% | 20.10% |
CIFR Cipher Digital Inc. | 63.69% | 218.10% | 12.35% | 75.00% |
Correlation
The correlation between BTDR and CIFR is 0.69, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.69 |
Correlation (3Y) Balances recent behavior with more history. | 0.61 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2023 | 0.59 |
The correlation between BTDR and CIFR shifts across timeframes, from 0.59 (all time) to 0.69 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
BTDR:
$2.65B
CIFR:
$9.88B
BTDR:
-$2.13
CIFR:
-$2.32
BTDR:
3.64
CIFR:
53.53
BTDR:
3.63
CIFR:
13.70
BTDR:
$739.06M
CIFR:
$174.98M
BTDR:
$25.18M
CIFR:
-$172.84M
BTDR:
$59.65M
CIFR:
-$169.22M
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Return for Risk
BTDR vs. CIFR — Risk / Return Rank
BTDR
CIFR
BTDR vs. CIFR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitdeer Technologies Group Class A Ordinary Shares (BTDR) and Cipher Digital Inc. (CIFR). 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 | CIFR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.47 | ||
| Sortino ratioReturn per unit of downside risk | -2.62 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.38 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.09 | 7.65 | -7.74 |
| Martin ratioReturn relative to average drawdown | -0.13 | 15.02 | -15.16 |
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Drawdowns
BTDR vs. CIFR - Drawdown Comparison
The maximum BTDR drawdown since its inception was -79.52%, smaller than the maximum CIFR drawdown of -97.16%. Use the drawdown chart below to compare losses from any high point for BTDR and CIFR.
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Drawdown Indicators
| BTDR | CIFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.52% | -97.16% | +17.64% |
Max Drawdown (1Y)Largest decline over 1 year | -71.89% | -51.38% | -20.51% |
Max Drawdown (3Y)Largest decline over 3 years | -79.52% | -71.74% | -7.78% |
Current DrawdownCurrent decline from peak | -56.44% | -17.20% | -39.24% |
Average DrawdownAverage peak-to-trough decline | -43.76% | -64.97% | +21.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 46.01% | 26.12% | +19.89% |
Volatility
BTDR vs. CIFR - Volatility Comparison
The current volatility for Bitdeer Technologies Group Class A Ordinary Shares (BTDR) is 41.00%, while Cipher Digital Inc. (CIFR) has a volatility of 45.07%. This indicates that BTDR experiences smaller price fluctuations and is considered to be less risky than CIFR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTDR | CIFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 41.00% | 45.07% | -4.07% |
Volatility (6M)Calculated over the trailing 6-month period | 76.35% | 79.45% | -3.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 106.74% | 115.44% | -8.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 123.24% | 122.42% | +0.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 123.24% | 122.42% | +0.82% |
Dividends
BTDR vs. CIFR - Dividend Comparison
Neither BTDR nor CIFR has paid dividends to shareholders.
Financials
BTDR vs. CIFR - Financials Comparison
This section allows you to compare key financial metrics between Bitdeer Technologies Group Class A Ordinary Shares and Cipher Digital 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
Frequently Asked Questions
BTDR and CIFR have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CIFR has higher volatility (45.07%) compared to BTDR (41.00%). In terms of maximum drawdown, BTDR dropped -79.52% vs CIFR's -97.16%.
CIFR currently has the higher Sharpe Ratio (3.41 vs -0.06), 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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