CIFR vs. BTC-USD
CIFR (Cipher Digital Inc.) is a stock, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 3 years, CIFR returned 108.33%/yr vs 25.82%/yr for BTC-USD. At a 0.36 correlation, their price movements are largely independent.
Performance
CIFR vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, CIFR achieves a 77.64% return, which is significantly higher than BTC-USD's -30.61% return.
CIFR
- 1D
- -5.14%
- 1M
- 19.34%
- YTD
- 77.64%
- 6M
- 61.65%
- 1Y
- 581.04%
- 3Y*
- 108.33%
- 5Y*
- —
- 10Y*
- —
BTC-USD
- 1D
- -3.08%
- 1M
- -21.40%
- YTD
- -30.61%
- 6M
- -30.69%
- 1Y
- -42.79%
- 3Y*
- 25.82%
- 5Y*
- 13.96%
- 10Y*
- 57.69%
CIFR vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CIFR Cipher Digital Inc. | 77.64% | 218.10% | 12.35% | 637.50% | -87.90% | -54.65% |
BTC-USD Bitcoin | -30.61% | -6.27% | 120.76% | 155.82% | -64.23% | -5.31% |
Correlation
The correlation between CIFR and BTC-USD is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Aug 30, 2021 | 0.36 |
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Return for Risk
CIFR vs. BTC-USD — Risk / Return Rank
CIFR
BTC-USD
CIFR vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cipher Digital Inc. (CIFR) and Bitcoin (BTC-USD). 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.
| CIFR | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +6.38 | ||
| Sortino ratioReturn per unit of downside risk | +5.43 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 0.85 | +0.61 |
| Calmar ratioReturn relative to maximum drawdown | 11.41 | -0.83 | +12.25 |
| Martin ratioReturn relative to average drawdown | 22.89 | -1.40 | +24.29 |
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Drawdowns
CIFR vs. BTC-USD - Drawdown Comparison
The maximum CIFR drawdown since its inception was -97.16%, which is greater than BTC-USD's maximum drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for CIFR and BTC-USD.
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Drawdown Indicators
| CIFR | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.16% | -85.30% | -11.86% |
Max Drawdown (1Y)Largest decline over 1 year | -51.38% | -51.32% | -0.06% |
Max Drawdown (3Y)Largest decline over 3 years | -71.74% | -51.32% | -20.42% |
Max Drawdown (5Y)Largest decline over 5 years | — | -76.67% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -83.80% | — |
Current DrawdownCurrent decline from peak | -10.14% | -51.32% | +41.18% |
Average DrawdownAverage peak-to-trough decline | -65.87% | -42.41% | -23.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.57% | 31.43% | -5.86% |
Volatility
CIFR vs. BTC-USD - Volatility Comparison
Cipher Digital Inc. (CIFR) has a higher volatility of 29.74% compared to Bitcoin (BTC-USD) at 12.46%. This indicates that CIFR's price experiences larger fluctuations and is considered to be riskier than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CIFR | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 29.74% | 12.46% | +17.28% |
Volatility (6M)Calculated over the trailing 6-month period | 70.57% | 34.72% | +35.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 109.20% | 35.61% | +73.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 121.78% | 44.27% | +77.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 121.78% | 56.41% | +65.37% |
Frequently Asked Questions
CIFR and BTC-USD have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CIFR has higher volatility (29.74%) compared to BTC-USD (12.46%). In terms of maximum drawdown, CIFR dropped -97.16% vs BTC-USD's -85.30%.
CIFR currently has the higher Sharpe Ratio (5.38 vs -1.00), 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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