HIVE vs. CIFR

Last updated Aug 1, 2026

HIVE (HIVE Digital Technologies Ltd.) and CIFR (Cipher Digital Inc.) are both stocks. HIVE operates in Capital Markets (Financial Services), while CIFR operates in Information Technology Services (Technology). Over the past 3 years, HIVE returned -18.25%/yr vs 84.92%/yr for CIFR. Their 0.66 correlation means they have sometimes moved together and sometimes differently.

Performance

HIVE vs. CIFR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in HIVE Digital Technologies Ltd. (HIVE) and Cipher Digital Inc. (CIFR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HIVE achieves a 9.69% return, which is significantly lower than CIFR's 51.22% 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%

CIFR

• 1D: -1.48%
• 1M: 11.38%
• 6M: 39.85%
• YTD: 51.22%
• 1Y: 352.74%
• 3Y*: 84.92%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 17.24%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CIFR Cipher Digital Inc.	$699.13M	$580.45M	$601.55M
HIVE HIVE Digital Technologies Ltd.	$49.64M	$51.11M	$103.20M

HIVE vs. CIFR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
HIVE HIVE Digital Technologies Ltd.	9.69%	-9.47%	-37.09%	214.58%	-89.09%	-15.38%
CIFR Cipher Digital Inc.	51.22%	218.10%	12.35%	637.50%	-87.90%	-54.65%

Correlation

The correlation between HIVE and CIFR is 0.71, 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.	0.71
Correlation (3Y) Balances recent behavior with more history.	0.73
Correlation (All Time) Calculated using the full available price history since Aug 30, 2021	0.66

The correlation between HIVE and CIFR has been stable across timeframes, ranging from 0.66 to 0.73 - a consistent structural relationship.

Fundamentals

Market Cap HIVE : $756.83M CIFR : $9.13B
EPS HIVE : -$0.31 CIFR : -$2.32
PS Ratio HIVE : 2.57 CIFR : 49.45
Total Revenue (TTM) HIVE : $257.14M CIFR : $174.98M
Gross Profit (TTM) HIVE : $58.57M CIFR : -$172.84M
EBITDA (TTM) HIVE : $87.81M CIFR : -$169.22M

Return for Risk

HIVE vs. CIFR — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

HIVE

HIVE Risk / Return Rank: 58
HIVE Sharpe Ratio Rank: 57
HIVE Sortino Ratio Rank: 65
HIVE Omega Ratio Rank: 61
HIVE Calmar Ratio Rank: 56
HIVE Martin Ratio Rank: 53

CIFR

CIFR Risk / Return Rank: 94
CIFR Sharpe Ratio Rank: 96
CIFR Sortino Ratio Rank: 93
CIFR Omega Ratio Rank: 89
CIFR Calmar Ratio Rank: 97
CIFR Martin Ratio Rank: 93

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

HIVE vs. CIFR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HIVE Digital Technologies Ltd. (HIVE) and Cipher Digital Inc. (CIFR). 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	CIFR	Difference
Sharpe ratio: Return per unit of total volatility	0.32	2.69	-2.37
Sortino ratio: Return per unit of downside risk	1.24	3.03	-1.79
Omega ratio: Gain probability vs. loss probability	1.14	1.35	-0.20
Calmar ratio: Return relative to maximum drawdown	0.43	6.06	-5.62
Martin ratio: Return relative to average drawdown	0.65	11.90	-11.25

HIVE vs. CIFR - Sharpe Ratio Comparison

The current HIVE Sharpe Ratio is 0.32, which is lower than the CIFR Sharpe Ratio of 2.69. The chart below compares the historical Sharpe Ratios of HIVE and CIFR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HIVE vs. CIFR - Drawdown Comparison

The maximum HIVE drawdown since its inception was -97.73%, roughly equal to the maximum CIFR drawdown of -97.16%. Use the drawdown chart below to compare losses from any high point for HIVE and CIFR.

Drawdown Indicators

	HIVE	CIFR	Difference
Max Drawdown Largest peak-to-trough decline	-97.73%	-97.16%	-0.57%
Max Drawdown (1Y) Largest decline over 1 year	-74.86%	-51.38%	-23.48%
Max Drawdown (3Y) Largest decline over 3 years	-77.10%	-71.74%	-5.36%
Max Drawdown (5Y) Largest decline over 5 years	-94.61%	—	—
Current Drawdown Current decline from peak	-89.45%	-23.51%	-65.94%
Average Drawdown Average peak-to-trough decline	-78.70%	-65.01%	-13.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	50.07%	26.14%	+23.93%

Volatility

HIVE vs. CIFR - Volatility Comparison

The current volatility for HIVE Digital Technologies Ltd. (HIVE) is 29.53%, while Cipher Digital Inc. (CIFR) has a volatility of 46.50%. This indicates that HIVE experiences smaller price fluctuations and is considered to be less risky than CIFR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HIVE	CIFR	Difference
Volatility (1M) Calculated over the trailing 1-month period	29.53%	46.50%	-16.97%
Volatility (6M) Calculated over the trailing 6-month period	72.83%	79.79%	-6.96%
Volatility (1Y) Calculated over the trailing 1-year period	99.87%	115.46%	-15.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	93.31%	122.42%	-29.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	109.16%	122.42%	-13.26%

Dividends

HIVE vs. CIFR - Dividend Comparison

Neither HIVE nor CIFR has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both HIVE and CIFR in my portfolio?

HIVE and CIFR have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HIVE or CIFR?

CIFR has higher volatility (46.50%) compared to HIVE (29.53%). In terms of maximum drawdown, HIVE dropped -97.73% vs CIFR's -97.16%.

Which has better risk-adjusted returns?

CIFR currently has the higher Sharpe Ratio (2.69 vs 0.32), 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.