HIVE vs. BTC-USD
HIVE (HIVE Digital Technologies Ltd.) is a stock, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 5 years, HIVE returned -26.11%/yr vs 10.61%/yr for BTC-USD. Their 0.46 correlation means their historical movements had little consistent relationship.
Performance
HIVE vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, HIVE achieves a 9.69% return, which is significantly higher than BTC-USD's -27.75% return.
HIVE
- 1D
- -5.67%
- 1M
- -12.65%
- 6M
- 1.43%
- YTD
- 9.69%
- 1Y
- 39.41%
- 3Y*
- -18.25%
- 5Y*
- -26.11%
- 10Y*
- —
- ALL TIME*
- -16.34%
BTC-USD
- 1D
- 0.72%
- 1M
- 1.12%
- 6M
- -17.79%
- YTD
- -27.75%
- 1Y
- -43.83%
- 3Y*
- 29.40%
- 5Y*
- 10.61%
- 10Y*
- 59.66%
- ALL TIME*
- 87.16%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
BTC-USD Bitcoin | $1569.44T | $1598.63T | $2087.37T |
| $49.64M | $51.11M | $103.20M |
HIVE vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
HIVE HIVE Digital Technologies Ltd. | 9.69% | -9.47% | -37.09% | 214.58% | -89.09% | 39.68% | 2,600.00% | -64.10% | -92.50% |
BTC-USD Bitcoin | -27.75% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -72.26% |
Correlation
The correlation between HIVE and BTC-USD is 0.40, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.40 |
Correlation (3Y) Balances recent behavior with more history. | 0.46 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.50 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2018 | 0.46 |
The correlation between HIVE and BTC-USD has been stable across timeframes, ranging from 0.40 to 0.50 - a consistent structural relationship.
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Return for Risk
HIVE vs. BTC-USD — Risk / Return Rank
HIVE
BTC-USD
HIVE vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HIVE Digital Technologies Ltd. (HIVE) 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.
| HIVE | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.34 | ||
| Sortino ratioReturn per unit of downside risk | +2.73 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 0.85 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 0.43 | -0.83 | +1.26 |
| Martin ratioReturn relative to average drawdown | 0.65 | -1.27 | +1.91 |
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Drawdowns
HIVE vs. BTC-USD - Drawdown Comparison
The maximum HIVE drawdown since its inception was -97.73%, 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 HIVE and BTC-USD.
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Drawdown Indicators
| HIVE | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.73% | -85.30% | -12.43% |
Max Drawdown (1Y)Largest decline over 1 year | -74.86% | -53.08% | -21.78% |
Max Drawdown (3Y)Largest decline over 3 years | -77.10% | -53.08% | -24.02% |
Max Drawdown (5Y)Largest decline over 5 years | -94.61% | -76.67% | -17.94% |
Max Drawdown (10Y)Largest decline over 10 years | — | -83.80% | — |
Current DrawdownCurrent decline from peak | -89.45% | -49.31% | -40.14% |
Average DrawdownAverage peak-to-trough decline | -78.70% | -42.73% | -35.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 50.07% | 24.94% | +25.13% |
Volatility
HIVE vs. BTC-USD - Volatility Comparison
HIVE Digital Technologies Ltd. (HIVE) has a higher volatility of 29.53% compared to Bitcoin (BTC-USD) at 8.45%. This indicates that HIVE'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
| HIVE | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 29.53% | 8.45% | +21.08% |
Volatility (6M)Calculated over the trailing 6-month period | 72.83% | 33.72% | +39.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 99.87% | 35.86% | +64.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 93.31% | 43.65% | +49.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 109.16% | 56.22% | +52.94% |
Frequently Asked Questions
HIVE and BTC-USD have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HIVE has higher volatility (29.53%) compared to BTC-USD (8.45%). In terms of maximum drawdown, HIVE dropped -97.73% vs BTC-USD's -85.30%.
HIVE currently has the higher Sharpe Ratio (0.32 vs -1.02), 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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