CLSK vs. BTDR
CLSK (CleanSpark, Inc.) and BTDR (Bitdeer Technologies Group Class A Ordinary Shares) are both stocks. CLSK operates in Capital Markets (Financial Services), while BTDR operates in Software - Application (Technology). Over the past 3 years, CLSK returned 33.01%/yr vs 3.63%/yr for BTDR. Their 0.57 correlation means they have sometimes moved together and sometimes differently.
Performance
CLSK vs. BTDR - Performance Comparison
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Returns By Period
In the year-to-date period, CLSK achieves a 38.59% return, which is significantly higher than BTDR's 1.25% return.
CLSK
- 1D
- -3.41%
- 1M
- -14.12%
- 6M
- 12.74%
- YTD
- 38.59%
- 1Y
- 18.65%
- 3Y*
- 33.01%
- 5Y*
- -0.02%
- 10Y*
- -8.20%
- ALL TIME*
- -8.35%
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 | |
CLSK CleanSpark, Inc. | $423.86M | $317.14M | $344.43M |
CLSK vs. BTDR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CLSK CleanSpark, Inc. | 38.59% | 9.88% | -16.50% | 238.34% |
BTDR Bitdeer Technologies Group Class A Ordinary Shares | 1.25% | -48.27% | 119.78% | 20.10% |
Correlation
The correlation between CLSK and BTDR is 0.68, 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. | 0.68 |
Correlation (3Y) Balances recent behavior with more history. | 0.59 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2023 | 0.57 |
The correlation between CLSK and BTDR shifts across timeframes, from 0.57 (all time) to 0.68 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
CLSK:
$3.60B
BTDR:
$2.65B
CLSK:
-$2.64
BTDR:
-$2.13
CLSK:
3.59
BTDR:
3.64
CLSK:
$739.88M
BTDR:
$739.06M
CLSK:
$306.93M
BTDR:
$25.18M
CLSK:
-$103.41M
BTDR:
$59.65M
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Return for Risk
CLSK vs. BTDR — Risk / Return Rank
CLSK
BTDR
CLSK vs. BTDR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CleanSpark, Inc. (CLSK) 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.
| CLSK | BTDR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.43 | ||
| Sortino ratioReturn per unit of downside risk | +0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.04 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.29 | -0.31 | +0.60 |
| Martin ratioReturn relative to average drawdown | 0.46 | -0.50 | +0.96 |
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Drawdowns
CLSK vs. BTDR - Drawdown Comparison
The maximum CLSK drawdown since its inception was -98.56%, which is greater than BTDR's maximum drawdown of -79.52%. Use the drawdown chart below to compare losses from any high point for CLSK and BTDR.
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Drawdown Indicators
| CLSK | BTDR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.56% | -79.52% | -19.04% |
Max Drawdown (1Y)Largest decline over 1 year | -64.74% | -71.89% | +7.15% |
Max Drawdown (3Y)Largest decline over 3 years | -71.28% | -79.52% | +8.24% |
Max Drawdown (5Y)Largest decline over 5 years | -92.00% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -98.56% | — | — |
Current DrawdownCurrent decline from peak | -80.79% | -56.51% | -24.28% |
Average DrawdownAverage peak-to-trough decline | -69.86% | -43.66% | -26.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 40.52% | 45.33% | -4.81% |
Volatility
CLSK vs. BTDR - Volatility Comparison
The current volatility for CleanSpark, Inc. (CLSK) is 27.14%, while Bitdeer Technologies Group Class A Ordinary Shares (BTDR) has a volatility of 30.39%. This indicates that CLSK experiences smaller price fluctuations and is considered to be less risky 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
| CLSK | BTDR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 27.14% | 30.39% | -3.25% |
Volatility (6M)Calculated over the trailing 6-month period | 62.40% | 70.75% | -8.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 89.47% | 102.49% | -13.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 101.14% | 122.40% | -21.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 183.45% | 122.40% | +61.05% |
Dividends
CLSK vs. BTDR - Dividend Comparison
Neither CLSK nor BTDR has paid dividends to shareholders.
Financials
CLSK vs. BTDR - Financials Comparison
This section allows you to compare key financial metrics between CleanSpark, 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
CLSK and BTDR have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTDR has higher volatility (30.39%) compared to CLSK (27.14%). In terms of maximum drawdown, CLSK dropped -98.56% vs BTDR's -79.52%.
CLSK currently has the higher Sharpe Ratio (0.21 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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