HYLN vs. BTBT

Last updated Jun 23, 2026

HYLN (Hyliion Holdings Corp.) and BTBT (Bit Digital, Inc.) are both stocks. HYLN operates in Auto Parts (Consumer Cyclical), while BTBT operates in Capital Markets (Financial Services). Over the past 5 years, HYLN returned -9.32%/yr vs -20.17%/yr for BTBT. At a 0.38 correlation, their price movements are largely independent.

Performance

HYLN vs. BTBT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hyliion Holdings Corp. (HYLN) and Bit Digital, Inc. (BTBT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HYLN achieves a 300.54% return, which is significantly higher than BTBT's 17.99% return.

HYLN

• 1D: -9.01%
• 1M: 23.04%
• YTD: 300.54%
• 6M: 281.87%
• 1Y: 450.00%
• 3Y*: 64.69%
• 5Y*: -9.32%
• 10Y*: —

BTBT

• 1D: 2.76%
• 1M: 12.06%
• YTD: 17.99%
• 6M: 0.90%
• 1Y: -4.29%
• 3Y*: -19.97%
• 5Y*: -20.17%
• 10Y*: —

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

HYLN vs. BTBT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
HYLN Hyliion Holdings Corp.	300.54%	-29.50%	220.76%	-65.23%	-62.26%	-62.38%	64.96%	2.99%
BTBT Bit Digital, Inc.	17.99%	-35.49%	-30.73%	605.00%	-90.13%	-72.25%	5,377.50%	-95.62%

Correlation

The correlation between HYLN and BTBT is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (3Y) Calculated over the trailing 3-year period	0.42
Correlation (5Y) Calculated over the trailing 5-year period	0.45
Correlation (All Time) Calculated using the full available price history since Apr 22, 2019	0.38

Fundamentals

Market Cap HYLN : $1.31B BTBT : $726.17M
EPS HYLN : -$0.29 BTBT : -$498.30
PS Ratio HYLN : 223.27 BTBT : 0.02
PB Ratio HYLN : 7.21 BTBT : 0.00
Total Revenue (TTM) HYLN : $5.82M BTBT : $28.01B
Gross Profit (TTM) HYLN : $368.00K BTBT : $48.37M
EBITDA (TTM) HYLN : -$50.90M BTBT : -$162.09B

Return for Risk

HYLN vs. BTBT — Risk / Return Rank

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

HYLN

HYLN Risk / Return Rank: 97
HYLN Sharpe Ratio Rank: 98
HYLN Sortino Ratio Rank: 96
HYLN Omega Ratio Rank: 94
HYLN Calmar Ratio Rank: 98
HYLN Martin Ratio Rank: 97

BTBT

BTBT Risk / Return Rank: 42
BTBT Sharpe Ratio Rank: 40
BTBT Sortino Ratio Rank: 46
BTBT Omega Ratio Rank: 44
BTBT Calmar Ratio Rank: 40
BTBT Martin Ratio Rank: 40

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.

HYLN vs. BTBT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hyliion Holdings Corp. (HYLN) and Bit Digital, Inc. (BTBT). 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.

	HYLN	BTBT	Difference
Sharpe ratio: Return per unit of total volatility	4.66	-0.05	+4.71
Sortino ratio: Return per unit of downside risk	4.33	0.63	+3.71
Omega ratio: Gain probability vs. loss probability	1.50	1.07	+0.43
Calmar ratio: Return relative to maximum drawdown	12.25	-0.06	+12.31
Martin ratio: Return relative to average drawdown	25.93	-0.10	+26.02

HYLN vs. BTBT - Sharpe Ratio Comparison

The current HYLN Sharpe Ratio is 4.66, which is higher than the BTBT Sharpe Ratio of -0.05. The chart below compares the historical Sharpe Ratios of HYLN and BTBT, 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

HYLN vs. BTBT - Drawdown Comparison

The maximum HYLN drawdown since its inception was -99.03%, roughly equal to the maximum BTBT drawdown of -98.16%. Use the drawdown chart below to compare losses from any high point for HYLN and BTBT.

Drawdown Indicators

	HYLN	BTBT	Difference
Max Drawdown Largest peak-to-trough decline	-99.03%	-98.16%	-0.87%
Max Drawdown (1Y) Largest decline over 1 year	-37.05%	-70.02%	+32.97%
Max Drawdown (3Y) Largest decline over 3 years	-74.95%	-77.08%	+2.13%
Max Drawdown (5Y) Largest decline over 5 years	-95.67%	-96.92%	+1.25%
Current Drawdown Current decline from peak	-86.80%	-92.38%	+5.58%
Average Drawdown Average peak-to-trough decline	-73.97%	-75.66%	+1.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.47%	45.19%	-27.72%

Volatility

HYLN vs. BTBT - Volatility Comparison

Hyliion Holdings Corp. (HYLN) has a higher volatility of 49.11% compared to Bit Digital, Inc. (BTBT) at 25.18%. This indicates that HYLN's price experiences larger fluctuations and is considered to be riskier than BTBT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HYLN	BTBT	Difference
Volatility (1M) Calculated over the trailing 1-month period	49.11%	25.18%	+23.93%
Volatility (6M) Calculated over the trailing 6-month period	74.63%	61.64%	+12.99%
Volatility (1Y) Calculated over the trailing 1-year period	97.55%	93.18%	+4.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	89.30%	117.52%	-28.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	88.49%	133.74%	-45.25%

Dividends

HYLN vs. BTBT - Dividend Comparison

Neither HYLN nor BTBT has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both HYLN and BTBT in my portfolio?

HYLN and BTBT have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HYLN or BTBT?

HYLN has higher volatility (49.11%) compared to BTBT (25.18%). In terms of maximum drawdown, HYLN dropped -99.03% vs BTBT's -98.16%.

Which has better risk-adjusted returns?

HYLN currently has the higher Sharpe Ratio (4.66 vs -0.05), 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.