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IREN vs. BITF
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Financials

Correlation

The correlation between IREN and BITF is 0.63, 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.


-0.50.00.51.0
Correlation: 0.6

Performance

IREN vs. BITF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Iris Energy Limited (IREN) and Bitfarms Ltd. (BITF). The values are adjusted to include any dividend payments, if applicable.

-50.00%0.00%50.00%100.00%NovemberDecember2025FebruaryMarchApril
-28.87%
-59.38%
IREN
BITF

Key characteristics

Sharpe Ratio

IREN:

0.06

BITF:

-0.74

Sortino Ratio

IREN:

0.95

BITF:

-1.13

Omega Ratio

IREN:

1.10

BITF:

0.88

Calmar Ratio

IREN:

0.08

BITF:

-0.72

Martin Ratio

IREN:

0.20

BITF:

-1.69

Ulcer Index

IREN:

34.09%

BITF:

38.58%

Daily Std Dev

IREN:

112.09%

BITF:

88.31%

Max Drawdown

IREN:

-95.73%

BITF:

-95.72%

Current Drawdown

IREN:

-76.05%

BITF:

-91.34%

Fundamentals

Market Cap

IREN:

$1.33B

BITF:

$425.31M

EPS

IREN:

-$0.30

BITF:

-$0.13

Total Revenue (TTM)

IREN:

$228.74M

BITF:

$142.56M

Gross Profit (TTM)

IREN:

$204.67M

BITF:

-$21.68M

EBITDA (TTM)

IREN:

$47.97M

BITF:

$16.64M

Returns By Period

In the year-to-date period, IREN achieves a -39.51% return, which is significantly higher than BITF's -48.44% return.


IREN

YTD

-39.51%

1M

-26.30%

6M

-31.57%

1Y

3.13%

5Y*

N/A

10Y*

N/A

BITF

YTD

-48.44%

1M

-34.90%

6M

-61.97%

1Y

-64.52%

5Y*

24.07%

10Y*

N/A

*Annualized

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Risk-Adjusted Performance

IREN vs. BITF — Risk-Adjusted Performance Rank

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

IREN
The Risk-Adjusted Performance Rank of IREN is 6161
Overall Rank
The Sharpe Ratio Rank of IREN is 5858
Sharpe Ratio Rank
The Sortino Ratio Rank of IREN is 6868
Sortino Ratio Rank
The Omega Ratio Rank of IREN is 6464
Omega Ratio Rank
The Calmar Ratio Rank of IREN is 5959
Calmar Ratio Rank
The Martin Ratio Rank of IREN is 5858
Martin Ratio Rank

BITF
The Risk-Adjusted Performance Rank of BITF is 1313
Overall Rank
The Sharpe Ratio Rank of BITF is 1616
Sharpe Ratio Rank
The Sortino Ratio Rank of BITF is 1414
Sortino Ratio Rank
The Omega Ratio Rank of BITF is 1919
Omega Ratio Rank
The Calmar Ratio Rank of BITF is 1212
Calmar Ratio Rank
The Martin Ratio Rank of BITF is 77
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

IREN vs. BITF - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Iris Energy Limited (IREN) and Bitfarms Ltd. (BITF). 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.


The chart of Sharpe ratio for IREN, currently valued at 0.06, compared to the broader market-2.00-1.000.001.002.00
IREN: 0.06
BITF: -0.74
The chart of Sortino ratio for IREN, currently valued at 0.95, compared to the broader market-6.00-4.00-2.000.002.004.00
IREN: 0.95
BITF: -1.13
The chart of Omega ratio for IREN, currently valued at 1.10, compared to the broader market0.501.001.502.00
IREN: 1.10
BITF: 0.88
The chart of Calmar ratio for IREN, currently valued at 0.08, compared to the broader market0.001.002.003.004.00
IREN: 0.08
BITF: -0.72
The chart of Martin ratio for IREN, currently valued at 0.20, compared to the broader market-10.000.0010.0020.00
IREN: 0.20
BITF: -1.69

The current IREN Sharpe Ratio is 0.06, which is higher than the BITF Sharpe Ratio of -0.74. The chart below compares the historical Sharpe Ratios of IREN and BITF, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.00NovemberDecember2025FebruaryMarchApril
0.06
-0.74
IREN
BITF

Dividends

IREN vs. BITF - Dividend Comparison

Neither IREN nor BITF has paid dividends to shareholders.


Tickers have no history of dividend payments

Drawdowns

IREN vs. BITF - Drawdown Comparison

The maximum IREN drawdown since its inception was -95.73%, roughly equal to the maximum BITF drawdown of -95.72%. Use the drawdown chart below to compare losses from any high point for IREN and BITF. For additional features, visit the drawdowns tool.


-90.00%-80.00%-70.00%-60.00%-50.00%-40.00%NovemberDecember2025FebruaryMarchApril
-76.05%
-91.03%
IREN
BITF

Volatility

IREN vs. BITF - Volatility Comparison

Iris Energy Limited (IREN) has a higher volatility of 31.20% compared to Bitfarms Ltd. (BITF) at 28.83%. This indicates that IREN's price experiences larger fluctuations and is considered to be riskier than BITF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


15.00%20.00%25.00%30.00%35.00%40.00%45.00%50.00%NovemberDecember2025FebruaryMarchApril
31.20%
28.83%
IREN
BITF

Financials

IREN vs. BITF - Financials Comparison

This section allows you to compare key financial metrics between Iris Energy Limited and Bitfarms Ltd.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.


Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities


Values in USD except per share items