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 55.84%/yr vs 28.84%/yr for BTC-USD. At a 0.35 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 18.97% return, which is significantly higher than BTC-USD's -27.00% return.
CIFR
- 1D
- -0.90%
- 1M
- -33.36%
- 6M
- -6.60%
- YTD
- 18.97%
- 1Y
- 173.52%
- 3Y*
- 55.84%
- 5Y*
- —
- 10Y*
- —
BTC-USD
- 1D
- 0.16%
- 1M
- -0.89%
- 6M
- -33.12%
- YTD
- -27.00%
- 1Y
- -46.45%
- 3Y*
- 28.84%
- 5Y*
- 14.98%
- 10Y*
- 57.64%
CIFR vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CIFR Cipher Digital Inc. | 18.97% | 218.10% | 12.35% | 637.50% | -87.90% | -54.65% |
BTC-USD Bitcoin | -27.00% | -6.27% | 120.76% | 155.82% | -64.23% | -5.31% |
Correlation
The correlation between CIFR and BTC-USD is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Aug 30, 2021 | 0.35 |
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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 | +2.67 | ||
| Sortino ratioReturn per unit of downside risk | +4.05 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 0.83 | +0.44 |
| Calmar ratioReturn relative to maximum drawdown | 3.40 | -0.88 | +4.27 |
| Martin ratioReturn relative to average drawdown | 6.59 | -1.41 | +8.00 |
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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% | -53.08% | +1.70% |
Max Drawdown (3Y)Largest decline over 3 years | -71.74% | -53.08% | -18.66% |
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 | -39.82% | -48.79% | +8.97% |
Average DrawdownAverage peak-to-trough decline | -65.34% | -42.59% | -22.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.44% | 29.41% | -2.97% |
Volatility
CIFR vs. BTC-USD - Volatility Comparison
Cipher Digital Inc. (CIFR) has a higher volatility of 28.11% compared to Bitcoin (BTC-USD) at 9.63%. 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 | 28.11% | 9.63% | +18.48% |
Volatility (6M)Calculated over the trailing 6-month period | 72.47% | 34.90% | +37.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 109.53% | 35.73% | +73.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 121.55% | 43.96% | +77.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 121.55% | 56.33% | +65.22% |
Frequently Asked Questions
CIFR and BTC-USD have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CIFR has higher volatility (28.11%) compared to BTC-USD (9.63%). In terms of maximum drawdown, CIFR dropped -97.16% vs BTC-USD's -85.30%.
CIFR currently has the higher Sharpe Ratio (1.59 vs -1.08), 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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