INOD vs. CIFR
INOD (Innodata Inc.) and CIFR (Cipher Digital Inc.) are both stocks. Both operate in the Information Technology Services industry within the Technology sector. Over the past 3 years, INOD returned 114.32%/yr vs 113.71%/yr for CIFR. At a 0.32 correlation, their price movements are largely independent.
Performance
INOD vs. CIFR - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, INOD achieves a 98.04% return, which is significantly higher than CIFR's 65.99% return.
INOD
- 1D
- -4.23%
- 1M
- 12.17%
- YTD
- 98.04%
- 6M
- 92.56%
- 1Y
- 137.86%
- 3Y*
- 114.32%
- 5Y*
- 69.37%
- 10Y*
- 45.64%
CIFR
- 1D
- 8.26%
- 1M
- 15.35%
- YTD
- 65.99%
- 6M
- 43.70%
- 1Y
- 538.02%
- 3Y*
- 113.71%
- 5Y*
- —
- 10Y*
- —
INOD vs. CIFR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
INOD Innodata Inc. | 98.04% | 28.92% | 385.50% | 174.54% | -49.92% | -27.09% |
CIFR Cipher Digital Inc. | 65.99% | 218.10% | 12.35% | 637.50% | -87.90% | -54.65% |
Correlation
The correlation between INOD and CIFR is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Aug 30, 2021 | 0.32 |
Fundamentals
INOD:
$3.59B
CIFR:
$9.93B
INOD:
$1.11
CIFR:
-$2.33
INOD:
12.60
CIFR:
53.84
INOD:
28.00
CIFR:
13.90
INOD:
$283.42M
CIFR:
$174.98M
INOD:
$76.88M
CIFR:
-$172.84M
INOD:
$37.35M
CIFR:
-$169.22M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
INOD vs. CIFR — Risk / Return Rank
INOD
CIFR
INOD vs. CIFR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innodata Inc. (INOD) 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.
| INOD | CIFR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.84 | ||
| Sortino ratioReturn per unit of downside risk | -1.21 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.45 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.20 | 10.56 | -8.36 |
| Martin ratioReturn relative to average drawdown | 3.97 | 21.19 | -17.21 |
Loading charts...
Drawdowns
INOD vs. CIFR - Drawdown Comparison
The maximum INOD drawdown since its inception was -95.47%, roughly equal to the maximum CIFR drawdown of -97.16%. Use the drawdown chart below to compare losses from any high point for INOD and CIFR.
Loading charts...
Drawdown Indicators
| INOD | CIFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.47% | -97.16% | +1.69% |
Max Drawdown (1Y)Largest decline over 1 year | -63.03% | -51.38% | -11.65% |
Max Drawdown (3Y)Largest decline over 3 years | -63.03% | -71.74% | +8.71% |
Max Drawdown (5Y)Largest decline over 5 years | -74.44% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -74.44% | — | — |
Current DrawdownCurrent decline from peak | -16.95% | -6.81% | -10.14% |
Average DrawdownAverage peak-to-trough decline | -60.07% | -66.24% | +6.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.83% | 25.57% | +9.26% |
Volatility
INOD vs. CIFR - Volatility Comparison
Innodata Inc. (INOD) and Cipher Digital Inc. (CIFR) have volatilities of 32.31% and 31.19%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| INOD | CIFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 32.31% | 31.19% | +1.12% |
Volatility (6M)Calculated over the trailing 6-month period | 89.40% | 72.25% | +17.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 122.08% | 109.30% | +12.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 106.74% | 121.97% | -15.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 89.36% | 121.97% | -32.61% |
Dividends
INOD vs. CIFR - Dividend Comparison
Neither INOD nor CIFR has paid dividends to shareholders.
Financials
INOD vs. CIFR - Financials Comparison
This section allows you to compare key financial metrics between Innodata Inc. and Cipher Digital Inc.. 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
Frequently Asked Questions
INOD and CIFR have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
INOD has higher volatility (32.31%) compared to CIFR (31.19%). In terms of maximum drawdown, INOD dropped -95.47% vs CIFR's -97.16%.
CIFR currently has the higher Sharpe Ratio (4.98 vs 1.14), 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.
Find the right allocation for INOD and CIFR
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer