KEEL vs. CIFR

Last updated Jun 13, 2026

KEEL (Keel Infrastructure Corporation) and CIFR (Cipher Digital Inc.) are both stocks. KEEL operates in Capital Markets (Financial Services), while CIFR operates in Information Technology Services (Technology). Over the past 3 years, KEEL returned 67.95%/yr vs 113.71%/yr for CIFR. A 0.63 correlation means they provide meaningful diversification when combined.

Performance

KEEL vs. CIFR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Keel Infrastructure Corporation (KEEL) 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, KEEL achieves a 137.87% return, which is significantly higher than CIFR's 65.99% return.

KEEL

• 1D: 1.27%
• 1M: 34.70%
• YTD: 137.87%
• 6M: 104.01%
• 1Y: 542.53%
• 3Y*: 67.95%
• 5Y*: 6.74%
• 10Y*: —

CIFR

• 1D: 8.26%
• 1M: 15.35%
• YTD: 65.99%
• 6M: 43.70%
• 1Y: 538.02%
• 3Y*: 113.71%
• 5Y*: —
• 10Y*: —

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

KEEL vs. CIFR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
KEEL Keel Infrastructure Corporation	137.87%	57.72%	-48.80%	561.36%	-91.29%	-14.84%
CIFR Cipher Digital Inc.	65.99%	218.10%	12.35%	637.50%	-87.90%	-54.65%

Correlation

The correlation between KEEL and CIFR is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.70
Correlation (3Y) Calculated over the trailing 3-year period	0.71
Correlation (All Time) Calculated using the full available price history since Aug 30, 2021	0.63

The correlation between KEEL and CIFR has been stable across timeframes, ranging from 0.63 to 0.71 - a consistent structural relationship.

Fundamentals

Market Cap KEEL : $3.08B CIFR : $9.93B
EPS KEEL : -$0.51 CIFR : -$2.33
PS Ratio KEEL : 13.52 CIFR : 53.84
PB Ratio KEEL : 5.50 CIFR : 13.90
Total Revenue (TTM) KEEL : $229.28M CIFR : $174.98M
Gross Profit (TTM) KEEL : -$18.90M CIFR : -$172.84M
EBITDA (TTM) KEEL : -$149.60M CIFR : -$169.22M

Return for Risk

KEEL vs. CIFR — Risk / Return Rank

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

KEEL

KEEL Risk / Return Rank: 95
KEEL Sharpe Ratio Rank: 99
KEEL Sortino Ratio Rank: 96
KEEL Omega Ratio Rank: 93
KEEL Calmar Ratio Rank: 96
KEEL Martin Ratio Rank: 91

CIFR

CIFR Risk / Return Rank: 96
CIFR Sharpe Ratio Rank: 99
CIFR Sortino Ratio Rank: 95
CIFR Omega Ratio Rank: 92
CIFR Calmar Ratio Rank: 98
CIFR Martin Ratio Rank: 96

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.

KEEL vs. CIFR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Keel Infrastructure Corporation (KEEL) 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.

	KEEL	CIFR	Difference
Sharpe ratio: Return per unit of total volatility	4.96	4.98	-0.01
Sortino ratio: Return per unit of downside risk	4.01	3.86	+0.15
Omega ratio: Gain probability vs. loss probability	1.48	1.45	+0.03
Calmar ratio: Return relative to maximum drawdown	7.43	10.56	-3.13
Martin ratio: Return relative to average drawdown	12.38	21.19	-8.80

KEEL vs. CIFR - Sharpe Ratio Comparison

The current KEEL Sharpe Ratio is 4.96, which is comparable to the CIFR Sharpe Ratio of 4.98. The chart below compares the historical Sharpe Ratios of KEEL 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

KEEL vs. CIFR - Drawdown Comparison

The maximum KEEL drawdown since its inception was -95.72%, roughly equal to the maximum CIFR drawdown of -97.16%. Use the drawdown chart below to compare losses from any high point for KEEL and CIFR.

Drawdown Indicators

	KEEL	CIFR	Difference
Max Drawdown Largest peak-to-trough decline	-95.72%	-97.16%	+1.44%
Max Drawdown (1Y) Largest decline over 1 year	-73.65%	-51.38%	-22.27%
Max Drawdown (3Y) Largest decline over 3 years	-81.04%	-71.74%	-9.30%
Max Drawdown (5Y) Largest decline over 5 years	-95.72%	—	—
Current Drawdown Current decline from peak	-36.98%	-6.81%	-30.17%
Average Drawdown Average peak-to-trough decline	-67.50%	-66.24%	-1.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	44.14%	25.57%	+18.57%

Volatility

KEEL vs. CIFR - Volatility Comparison

The current volatility for Keel Infrastructure Corporation (KEEL) is 27.86%, while Cipher Digital Inc. (CIFR) has a volatility of 31.19%. This indicates that KEEL 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

	KEEL	CIFR	Difference
Volatility (1M) Calculated over the trailing 1-month period	27.86%	31.19%	-3.33%
Volatility (6M) Calculated over the trailing 6-month period	70.45%	72.25%	-1.80%
Volatility (1Y) Calculated over the trailing 1-year period	110.33%	109.30%	+1.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	104.97%	121.97%	-17.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	291.07%	121.97%	+169.10%

Dividends

KEEL vs. CIFR - Dividend Comparison

Neither KEEL nor CIFR has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both KEEL and CIFR in my portfolio?

KEEL and CIFR have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KEEL or CIFR?

CIFR has higher volatility (31.19%) compared to KEEL (27.86%). In terms of maximum drawdown, KEEL dropped -95.72% vs CIFR's -97.16%.

Which has better risk-adjusted returns?

CIFR currently has the higher Sharpe Ratio (4.98 vs 4.96), 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.