CIFR vs. BTDR
CIFR (Cipher Digital Inc.) and BTDR (Bitdeer Technologies Group Class A Ordinary Shares) are both stocks. Both are in the Technology sector — CIFR in Information Technology Services, BTDR in Software - Application. Over the past 3 years, CIFR returned 83.57%/yr vs 3.63%/yr for BTDR. Their 0.58 correlation means they have sometimes moved together and sometimes differently.
Performance
CIFR vs. BTDR - Performance Comparison
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Returns By Period
In the year-to-date period, CIFR achieves a 46.68% return, which is significantly higher than BTDR's 1.25% return.
CIFR
- 1D
- -6.48%
- 1M
- -16.54%
- 6M
- 31.29%
- YTD
- 46.68%
- 1Y
- 234.62%
- 3Y*
- 83.57%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 16.56%
BTDR
- 1D
- -1.82%
- 1M
- -33.82%
- 6M
- -18.35%
- YTD
- 1.25%
- 1Y
- -22.47%
- 3Y*
- 3.63%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 10.35%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $77.44M | $112.46M | $147.99M | |
| $591.19M | $554.07M | $582.56M |
CIFR vs. BTDR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CIFR Cipher Digital Inc. | 46.68% | 218.10% | 12.35% | 75.00% |
BTDR Bitdeer Technologies Group Class A Ordinary Shares | 1.25% | -48.27% | 119.78% | 20.10% |
Correlation
The correlation between CIFR and BTDR 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 | 0.58 |
The correlation between CIFR and BTDR shifts across timeframes, from 0.58 (all time) to 0.69 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
CIFR:
$8.86B
BTDR:
$2.65B
CIFR:
-$2.32
BTDR:
-$2.13
CIFR:
47.97
BTDR:
3.64
CIFR:
12.28
BTDR:
3.63
CIFR:
$174.98M
BTDR:
$739.06M
CIFR:
-$172.84M
BTDR:
$25.18M
CIFR:
-$169.22M
BTDR:
$59.65M
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Return for Risk
CIFR vs. BTDR — Risk / Return Rank
CIFR
BTDR
CIFR vs. BTDR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cipher Digital Inc. (CIFR) and Bitdeer Technologies Group Class A Ordinary Shares (BTDR). 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 | BTDR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.34 | ||
| Sortino ratioReturn per unit of downside risk | +2.33 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.04 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 4.60 | -0.31 | +4.91 |
| Martin ratioReturn relative to average drawdown | 9.02 | -0.50 | +9.52 |
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Drawdowns
CIFR vs. BTDR - Drawdown Comparison
The maximum CIFR drawdown since its inception was -97.16%, which is greater than BTDR's maximum drawdown of -79.52%. Use the drawdown chart below to compare losses from any high point for CIFR and BTDR.
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Drawdown Indicators
| CIFR | BTDR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.16% | -79.52% | -17.64% |
Max Drawdown (1Y)Largest decline over 1 year | -51.38% | -71.89% | +20.51% |
Max Drawdown (3Y)Largest decline over 3 years | -71.74% | -79.52% | +7.78% |
Current DrawdownCurrent decline from peak | -25.81% | -56.51% | +30.70% |
Average DrawdownAverage peak-to-trough decline | -65.13% | -43.66% | -21.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.32% | 45.33% | -19.01% |
Volatility
CIFR vs. BTDR - Volatility Comparison
Cipher Digital Inc. (CIFR) has a higher volatility of 36.41% compared to Bitdeer Technologies Group Class A Ordinary Shares (BTDR) at 30.39%. This indicates that CIFR's price experiences larger fluctuations and is considered to be riskier than BTDR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CIFR | BTDR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 36.41% | 30.39% | +6.02% |
Volatility (6M)Calculated over the trailing 6-month period | 75.91% | 70.75% | +5.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 111.86% | 102.49% | +9.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 121.78% | 122.40% | -0.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 121.78% | 122.40% | -0.62% |
Dividends
CIFR vs. BTDR - Dividend Comparison
Neither CIFR nor BTDR has paid dividends to shareholders.
Financials
CIFR vs. BTDR - Financials Comparison
This section allows you to compare key financial metrics between Cipher Digital Inc. and Bitdeer Technologies Group Class A Ordinary Shares. 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
CIFR and BTDR 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 (36.41%) compared to BTDR (30.39%). In terms of maximum drawdown, CIFR dropped -97.16% vs BTDR's -79.52%.
CIFR currently has the higher Sharpe Ratio (2.12 vs -0.22), 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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