HIVE vs. BTDR
HIVE (HIVE Blockchain Technologies Ltd) and BTDR (Bitdeer Technologies Group Class A Ordinary Shares) are both stocks. HIVE operates in Capital Markets (Financial Services), while BTDR operates in Software - Application (Technology). Over the past 3 years, HIVE returned 6.13%/yr vs 34.06%/yr for BTDR. A 0.58 correlation means they provide meaningful diversification when combined.
Performance
HIVE vs. BTDR - Performance Comparison
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Returns By Period
In the year-to-date period, HIVE achieves a 44.57% return, which is significantly lower than BTDR's 59.05% return.
HIVE
- 1D
- -1.58%
- 1M
- 35.14%
- YTD
- 44.57%
- 6M
- 21.90%
- 1Y
- 91.28%
- 3Y*
- 6.13%
- 5Y*
- -20.84%
- 10Y*
- —
BTDR
- 1D
- 1.02%
- 1M
- 34.87%
- YTD
- 59.05%
- 6M
- 67.42%
- 1Y
- 34.16%
- 3Y*
- 34.06%
- 5Y*
- —
- 10Y*
- —
HIVE vs. BTDR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
HIVE HIVE Blockchain Technologies Ltd | 44.57% | -9.47% | -37.09% | 26.54% |
BTDR Bitdeer Technologies Group Class A Ordinary Shares | 59.05% | -48.27% | 119.78% | 20.10% |
Correlation
The correlation between HIVE and BTDR is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2023 | 0.58 |
The correlation between HIVE and BTDR has been stable across timeframes, ranging from 0.58 to 0.65 - a consistent structural relationship.
Fundamentals
HIVE:
-$0.33
BTDR:
-$2.23
HIVE:
3.19
BTDR:
5.45
HIVE:
$257.14M
BTDR:
$739.06M
HIVE:
$58.57M
BTDR:
$25.18M
HIVE:
$87.81M
BTDR:
$59.65M
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Return for Risk
HIVE vs. BTDR — Risk / Return Rank
HIVE
BTDR
HIVE vs. BTDR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HIVE Blockchain Technologies Ltd (HIVE) 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.
| HIVE | BTDR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.62 | ||
| Sortino ratioReturn per unit of downside risk | +0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.14 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.23 | 0.48 | +0.75 |
| Martin ratioReturn relative to average drawdown | 1.96 | 0.80 | +1.16 |
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Drawdowns
HIVE vs. BTDR - Drawdown Comparison
The maximum HIVE drawdown since its inception was -97.73%, which is greater than BTDR's maximum drawdown of -79.52%. Use the drawdown chart below to compare losses from any high point for HIVE and BTDR.
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Drawdown Indicators
| HIVE | BTDR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.73% | -79.52% | -18.21% |
Max Drawdown (1Y)Largest decline over 1 year | -74.86% | -71.89% | -2.97% |
Max Drawdown (3Y)Largest decline over 3 years | -80.27% | -79.52% | -0.75% |
Max Drawdown (5Y)Largest decline over 5 years | -94.61% | — | — |
Current DrawdownCurrent decline from peak | -86.10% | -31.69% | -54.41% |
Average DrawdownAverage peak-to-trough decline | -78.56% | -43.61% | -34.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 46.70% | 42.86% | +3.84% |
Volatility
HIVE vs. BTDR - Volatility Comparison
HIVE Blockchain Technologies Ltd (HIVE) has a higher volatility of 39.86% compared to Bitdeer Technologies Group Class A Ordinary Shares (BTDR) at 33.51%. This indicates that HIVE'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
| HIVE | BTDR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 39.86% | 33.51% | +6.35% |
Volatility (6M)Calculated over the trailing 6-month period | 67.14% | 69.35% | -2.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 95.73% | 100.95% | -5.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 93.17% | 123.31% | -30.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 109.17% | 123.31% | -14.14% |
Dividends
HIVE vs. BTDR - Dividend Comparison
Neither HIVE nor BTDR has paid dividends to shareholders.
Financials
HIVE vs. BTDR - Financials Comparison
This section allows you to compare key financial metrics between HIVE Blockchain Technologies Ltd 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
HIVE vs. BTDR - Profitability Comparison
HIVE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, HIVE Blockchain Technologies Ltd reported a gross profit of 32.14M and revenue of 93.11M. Therefore, the gross margin over that period was 34.5%.
BTDR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Bitdeer Technologies Group Class A Ordinary Shares reported a gross profit of -39.04M and revenue of 188.93M. Therefore, the gross margin over that period was -20.7%.
HIVE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, HIVE Blockchain Technologies Ltd reported an operating income of 16.70M and revenue of 93.11M, resulting in an operating margin of 17.9%.
BTDR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Bitdeer Technologies Group Class A Ordinary Shares reported an operating income of -86.73M and revenue of 188.93M, resulting in an operating margin of -45.9%.
HIVE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, HIVE Blockchain Technologies Ltd reported a net income of -91.33M and revenue of 93.11M, resulting in a net margin of -98.1%.
BTDR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Bitdeer Technologies Group Class A Ordinary Shares reported a net income of -159.53M and revenue of 188.93M, resulting in a net margin of -84.4%.
Frequently Asked Questions
HIVE and BTDR have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HIVE has higher volatility (39.86%) compared to BTDR (33.51%). In terms of maximum drawdown, HIVE dropped -97.73% vs BTDR's -79.52%.
HIVE currently has the higher Sharpe Ratio (0.96 vs 0.34), 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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