CIFR vs. ASML

Last updated Jun 9, 2026

CIFR (Cipher Mining Inc.) and ASML (ASML Holding N.V.) are both stocks. CIFR operates in Capital Markets (Financial Services), while ASML operates in Semiconductor Equipment & Materials (Technology). Over the past 3 years, CIFR returned 119.40%/yr vs 36.05%/yr for ASML. At a 0.33 correlation, their price movements are largely independent.

Performance

CIFR vs. ASML - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cipher Mining Inc. (CIFR) and ASML Holding N.V. (ASML). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with CIFR having a 64.57% return and ASML slightly lower at 64.06%.

CIFR

• 1D: 8.20%
• 1M: 18.20%
• YTD: 64.57%
• 6M: 24.69%
• 1Y: 522.82%
• 3Y*: 119.40%
• 5Y*: —
• 10Y*: —

ASML

• 1D: 6.54%
• 1M: 9.86%
• YTD: 64.06%
• 6M: 56.76%
• 1Y: 134.10%
• 3Y*: 36.05%
• 5Y*: 21.93%
• 10Y*: 34.75%

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

CIFR vs. ASML - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
CIFR Cipher Mining Inc.	64.57%	218.10%	12.35%	637.50%	-87.90%	-54.92%
ASML ASML Holding N.V.	64.06%	56.51%	-7.70%	39.91%	-30.49%	-4.93%

Correlation

The correlation between CIFR and ASML is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (3Y) Calculated over the trailing 3-year period	0.31
Correlation (All Time) Calculated using the full available price history since Aug 31, 2021	0.33

Fundamentals

Market Cap CIFR : $9.84B ASML : $674.60B
EPS CIFR : -$2.33 ASML : $25.86
PS Ratio CIFR : 53.38 ASML : 20.10
PB Ratio CIFR : 13.78 ASML : 32.39
Total Revenue (TTM) CIFR : $174.98M ASML : $33.69B
Gross Profit (TTM) CIFR : -$172.84M ASML : $17.72B
EBITDA (TTM) CIFR : -$169.22M ASML : $12.99B

Return for Risk

CIFR vs. ASML — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CIFR

CIFR Risk / Return Rank: 96
CIFR Sharpe Ratio Rank: 99
CIFR Sortino Ratio Rank: 95
CIFR Omega Ratio Rank: 92
CIFR Calmar Ratio Rank: 98
CIFR Martin Ratio Rank: 96

ASML

ASML Risk / Return Rank: 95
ASML Sharpe Ratio Rank: 96
ASML Sortino Ratio Rank: 94
ASML Omega Ratio Rank: 92
ASML Calmar Ratio Rank: 96
ASML Martin Ratio Rank: 96

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.

CIFR vs. ASML - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cipher Mining Inc. (CIFR) and ASML Holding N.V. (ASML). 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.

	CIFR	ASML	Difference
Sharpe ratio: Return per unit of total volatility	4.86	3.24	+1.63
Sortino ratio: Return per unit of downside risk	3.84	3.63	+0.21
Omega ratio: Gain probability vs. loss probability	1.45	1.45	0.00
Calmar ratio: Return relative to maximum drawdown	10.27	7.56	+2.71
Martin ratio: Return relative to average drawdown	20.60	20.33	+0.27
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CIFR vs. ASML - Sharpe Ratio Comparison

The current CIFR Sharpe Ratio is 4.86, which is higher than the ASML Sharpe Ratio of 3.24. The chart below compares the historical Sharpe Ratios of CIFR and ASML, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CIFR	ASML	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.86	3.24	+1.63
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.52	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.90	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.16	0.56	-0.39

Drawdowns

CIFR vs. ASML - Drawdown Comparison

The maximum CIFR drawdown since its inception was -97.16%, which is greater than ASML's maximum drawdown of -90.00%. Use the drawdown chart below to compare losses from any high point for CIFR and ASML.

Drawdown Indicators

	CIFR	ASML	Difference
Max Drawdown Largest peak-to-trough decline	-97.16%	-90.00%	-7.16%
Max Drawdown (1Y) Largest decline over 1 year	-51.38%	-17.85%	-33.53%
Max Drawdown (3Y) Largest decline over 3 years	-71.74%	-45.38%	-26.36%
Max Drawdown (5Y) Largest decline over 5 years	—	-56.84%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-56.84%	—
Current Drawdown Current decline from peak	-7.61%	-0.48%	-7.13%
Average Drawdown Average peak-to-trough decline	-66.47%	-28.14%	-38.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	25.55%	6.62%	+18.93%

Volatility

CIFR vs. ASML - Volatility Comparison

Cipher Mining Inc. (CIFR) has a higher volatility of 27.70% compared to ASML Holding N.V. (ASML) at 15.94%. This indicates that CIFR's price experiences larger fluctuations and is considered to be riskier than ASML based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CIFR	ASML	Difference
Volatility (1M) Calculated over the trailing 1-month period	27.70%	15.94%	+11.76%
Volatility (6M) Calculated over the trailing 6-month period	70.95%	33.30%	+37.65%
Volatility (1Y) Calculated over the trailing 1-year period	108.62%	41.73%	+66.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	122.03%	42.23%	+79.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	122.03%	38.62%	+83.41%

Dividends

CIFR vs. ASML - Dividend Comparison

CIFR has not paid dividends to shareholders, while ASML's dividend yield for the trailing twelve months is around 0.50%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASML ASML Holding N.V.	0.50%	0.97%	0.97%	0.86%	1.27%	0.50%	0.50%	1.40%	0.94%	0.64%	0.92%	0.73%
CIFR Cipher Mining Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both CIFR and ASML in my portfolio?

CIFR and ASML have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CIFR or ASML?

CIFR has higher volatility (27.70%) compared to ASML (15.94%). In terms of maximum drawdown, CIFR dropped -97.16% vs ASML's -90.00%.

Which has better risk-adjusted returns?

CIFR currently has the higher Sharpe Ratio (4.86 vs 3.24), 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.