CIFR vs. BTC-USD
CIFR (Cipher Mining Inc.) is a stock, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 3 years, CIFR returned 121.53%/yr vs 35.01%/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 73.10% return, which is significantly higher than BTC-USD's -27.60% return.
CIFR
- 1D
- -2.63%
- 1M
- 15.61%
- YTD
- 73.10%
- 6M
- 28.85%
- 1Y
- 583.16%
- 3Y*
- 121.53%
- 5Y*
- —
- 10Y*
- —
BTC-USD
- 1D
- -1.08%
- 1M
- -21.71%
- YTD
- -27.60%
- 6M
- -31.22%
- 1Y
- -39.53%
- 3Y*
- 35.01%
- 5Y*
- 12.25%
- 10Y*
- 59.71%
CIFR vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CIFR Cipher Mining Inc. | 73.10% | 218.10% | 12.35% | 637.50% | -87.90% | -54.92% |
BTC-USD Bitcoin | -27.60% | -6.27% | 120.76% | 155.82% | -64.23% | -1.67% |
Correlation
The correlation between CIFR and BTC-USD is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Aug 31, 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 Mining 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.
| CIFR | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +6.37 | ||
| Sortino ratioReturn per unit of downside risk | +5.33 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 0.87 | +0.60 |
| Calmar ratioReturn relative to maximum drawdown | 11.45 | -0.80 | +12.25 |
| Martin ratioReturn relative to average drawdown | 23.00 | -1.39 | +24.40 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CIFR | BTC-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.45 | -0.92 | +6.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.23 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.88 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 1.13 | -0.95 |
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% | -49.65% | -1.73% |
Max Drawdown (3Y)Largest decline over 3 years | -71.74% | -49.65% | -22.09% |
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 | -2.81% | -49.21% | +46.40% |
Average DrawdownAverage peak-to-trough decline | -66.56% | -42.28% | -24.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.53% | 33.87% | -8.34% |
Volatility
CIFR vs. BTC-USD - Volatility Comparison
Cipher Mining Inc. (CIFR) has a higher volatility of 23.76% compared to Bitcoin (BTC-USD) at 10.14%. 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 | 23.76% | 10.14% | +13.62% |
Volatility (6M)Calculated over the trailing 6-month period | 69.74% | 34.17% | +35.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 108.27% | 35.51% | +72.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 121.94% | 44.98% | +76.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 121.94% | 56.69% | +65.25% |
Frequently Asked Questions
CIFR and BTC-USD have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CIFR has higher volatility (23.76%) compared to BTC-USD (10.14%). In terms of maximum drawdown, CIFR dropped -97.16% vs BTC-USD's -85.30%.
CIFR currently has the higher Sharpe Ratio (5.45 vs -0.92), 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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