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 -22.76%/yr vs 13.75%/yr for BTC-USD. At a 0.46 correlation, their price movements are largely independent.
Performance
HIVE vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, HIVE achieves a 23.64% return, which is significantly higher than BTC-USD's -28.58% return.
HIVE
- 1D
- -4.78%
- 1M
- -14.48%
- 6M
- -1.85%
- YTD
- 23.64%
- 1Y
- 38.70%
- 3Y*
- -18.90%
- 5Y*
- -22.76%
- 10Y*
- —
BTC-USD
- 1D
- -1.96%
- 1M
- -3.01%
- 6M
- -31.47%
- YTD
- -28.58%
- 1Y
- -47.54%
- 3Y*
- 27.25%
- 5Y*
- 13.75%
- 10Y*
- 57.45%
HIVE vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
HIVE HIVE Digital Technologies Ltd. | 23.64% | -9.47% | -37.09% | 214.58% | -89.09% | 39.68% | 2,600.00% | -64.10% | -92.50% |
BTC-USD Bitcoin | -28.58% | -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 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2018 | 0.46 |
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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 | +1.51 | ||
| Sortino ratioReturn per unit of downside risk | +3.02 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 0.83 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 0.52 | -0.90 | +1.42 |
| Martin ratioReturn relative to average drawdown | 0.80 | -1.46 | +2.26 |
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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 | -78.09% | -53.08% | -25.01% |
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 | -88.11% | -49.89% | -38.22% |
Average DrawdownAverage peak-to-trough decline | -78.63% | -42.55% | -36.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 48.37% | 28.99% | +19.38% |
Volatility
HIVE vs. BTC-USD - Volatility Comparison
HIVE Digital Technologies Ltd. (HIVE) has a higher volatility of 29.93% compared to Bitcoin (BTC-USD) at 8.86%. 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 | 29.93% | 8.86% | +21.07% |
Volatility (6M)Calculated over the trailing 6-month period | 70.11% | 34.96% | +35.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 97.29% | 35.56% | +61.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 93.28% | 43.94% | +49.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 109.12% | 56.32% | +52.80% |
Frequently Asked Questions
HIVE and BTC-USD have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HIVE has higher volatility (29.93%) compared to BTC-USD (8.86%). In terms of maximum drawdown, HIVE dropped -97.73% vs BTC-USD's -85.30%.
HIVE currently has the higher Sharpe Ratio (0.40 vs -1.11), 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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