HIVE vs. RIOT

Last updated Apr 1, 2026

Compare and contrast key facts about HIVE Blockchain Technologies Ltd (HIVE) and Riot Blockchain, Inc. (RIOT).

Performance

HIVE vs. RIOT - Performance Comparison

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

HIVE vs. RIOT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
HIVE HIVE Blockchain Technologies Ltd	-26.36%	-9.47%	-37.09%	214.58%	-89.09%	39.68%	2,600.00%	-64.10%	-92.61%
RIOT Riot Blockchain, Inc.	-2.45%	24.09%	-34.00%	356.34%	-84.82%	31.43%	1,416.96%	-25.83%	-93.10%

Fundamentals

EPS HIVE : -$0.33 RIOT : $0.42
PS Ratio HIVE : 1.63 RIOT : 7.62
Total Revenue (TTM) HIVE : $257.14M RIOT : $637.16M
Gross Profit (TTM) HIVE : $58.57M RIOT : $251.99M
EBITDA (TTM) HIVE : $87.81M RIOT : $703.12M

Returns By Period

In the year-to-date period, HIVE achieves a -26.36% return, which is significantly lower than RIOT's -2.45% return.

HIVE

• 1D: 8.57%
• 1M: -11.21%
• YTD: -26.36%
• 6M: -52.85%
• 1Y: 31.03%
• 3Y*: -16.72%
• 5Y*: -37.45%
• 10Y*: —

RIOT

• 1D: 4.48%
• 1M: -24.13%
• YTD: -2.45%
• 6M: -35.05%
• 1Y: 73.60%
• 3Y*: 7.35%
• 5Y*: -24.98%
• 10Y*: 18.08%

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

Return for Risk

HIVE vs. RIOT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HIVE

HIVE Risk / Return Rank: 55
HIVE Sharpe Ratio Rank: 55
HIVE Sortino Ratio Rank: 61
HIVE Omega Ratio Rank: 57
HIVE Calmar Ratio Rank: 51
HIVE Martin Ratio Rank: 50

RIOT

RIOT Risk / Return Rank: 70
RIOT Sharpe Ratio Rank: 72
RIOT Sortino Ratio Rank: 72
RIOT Omega Ratio Rank: 67
RIOT Calmar Ratio Rank: 70
RIOT Martin Ratio Rank: 67

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HIVE vs. RIOT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HIVE Blockchain Technologies Ltd (HIVE) and Riot Blockchain, Inc. (RIOT). 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.

	HIVE	RIOT	Difference
Sharpe ratio Return per unit of total volatility	0.36	0.88	-0.52
Sortino ratio Return per unit of downside risk	1.18	1.64	-0.46
Omega ratio Gain probability vs. loss probability	1.14	1.19	-0.06
Calmar ratio Return relative to maximum drawdown	0.36	1.38	-1.02
Martin ratio Return relative to average drawdown	0.68	2.87	-2.19
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HIVE vs. RIOT - Sharpe Ratio Comparison

The current HIVE Sharpe Ratio is 0.36, which is lower than the RIOT Sharpe Ratio of 0.88. The chart below compares the historical Sharpe Ratios of HIVE and RIOT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	HIVE	RIOT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.36	0.88	-0.52
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.40	-0.26	-0.14
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.16	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.19	-0.16	-0.03

Correlation

The correlation between HIVE and RIOT is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

HIVE vs. RIOT - Dividend Comparison

Neither HIVE nor RIOT has paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
HIVE HIVE Blockchain Technologies Ltd	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
RIOT Riot Blockchain, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.52%

Drawdowns

HIVE vs. RIOT - Drawdown Comparison

The maximum HIVE drawdown since its inception was -97.73%, roughly equal to the maximum RIOT drawdown of -99.98%. Use the drawdown chart below to compare losses from any high point for HIVE and RIOT.

Drawdown Indicators

	HIVE	RIOT	Difference
Max Drawdown Largest peak-to-trough decline	-97.73%	-99.98%	+2.25%
Max Drawdown (1Y) Largest decline over 1 year	-74.86%	-48.57%	-26.29%
Max Drawdown (5Y) Largest decline over 5 years	-94.61%	-94.45%	-0.16%
Max Drawdown (10Y) Largest decline over 10 years	—	-98.32%	—
Current Drawdown Current decline from peak	-92.92%	-99.61%	+6.69%
Average Drawdown Average peak-to-trough decline	-78.35%	-87.75%	+9.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	39.08%	23.25%	+15.83%

Volatility

HIVE vs. RIOT - Volatility Comparison

The current volatility for HIVE Blockchain Technologies Ltd (HIVE) is 22.67%, while Riot Blockchain, Inc. (RIOT) has a volatility of 25.00%. This indicates that HIVE experiences smaller price fluctuations and is considered to be less risky than RIOT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HIVE	RIOT	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.67%	25.00%	-2.33%
Volatility (6M) Calculated over the trailing 6-month period	66.86%	62.56%	+4.30%
Volatility (1Y) Calculated over the trailing 1-year period	87.64%	84.48%	+3.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	93.05%	95.49%	-2.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	109.03%	112.36%	-3.33%

Financials

HIVE vs. RIOT - Profitability Comparison

The chart below illustrates the profitability comparison between HIVE Blockchain Technologies Ltd and Riot Blockchain, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

HIVE - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 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%.

RIOT - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Riot Blockchain, Inc. reported a gross profit of 70.76M and revenue of 180.23M. Therefore, the gross margin over that period was 39.3%.

HIVE - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 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%.

RIOT - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Riot Blockchain, Inc. reported an operating income of 80.05M and revenue of 180.23M, resulting in an operating margin of 44.4%.

HIVE - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 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%.

RIOT - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Riot Blockchain, Inc. reported a net income of 104.48M and revenue of 180.23M, resulting in a net margin of 58.0%.