MARA vs. BTDR
MARA (MARA Holdings, Inc.) and BTDR (Bitdeer Technologies Group Class A Ordinary Shares) are both stocks. MARA operates in Capital Markets (Financial Services), while BTDR operates in Software - Application (Technology). Over the past 3 years, MARA returned 13.30%/yr vs 34.06%/yr for BTDR. A 0.55 correlation means they provide meaningful diversification when combined.
Performance
MARA vs. BTDR - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with MARA having a 56.79% return and BTDR slightly higher at 59.05%.
MARA
- 1D
- 3.45%
- 1M
- 10.43%
- YTD
- 56.79%
- 6M
- 22.22%
- 1Y
- -11.00%
- 3Y*
- 13.30%
- 5Y*
- -11.91%
- 10Y*
- -10.09%
BTDR
- 1D
- 1.02%
- 1M
- 34.87%
- YTD
- 59.05%
- 6M
- 67.42%
- 1Y
- 34.16%
- 3Y*
- 34.06%
- 5Y*
- —
- 10Y*
- —
MARA vs. BTDR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
MARA MARA Holdings, Inc. | 56.79% | -46.45% | -28.61% | 136.08% |
BTDR Bitdeer Technologies Group Class A Ordinary Shares | 59.05% | -48.27% | 119.78% | 20.10% |
Correlation
The correlation between MARA and BTDR is 0.61, 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 | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2023 | 0.55 |
The correlation between MARA and BTDR has been stable across timeframes, ranging from 0.55 to 0.61 - a consistent structural relationship.
Fundamentals
MARA:
$5.35B
BTDR:
$4.16B
MARA:
-$4.95
BTDR:
-$2.23
MARA:
6.68
BTDR:
5.45
MARA:
$867.82M
BTDR:
$739.06M
MARA:
$164.95M
BTDR:
$25.18M
MARA:
$373.68M
BTDR:
$59.65M
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Return for Risk
MARA vs. BTDR — Risk / Return Rank
MARA
BTDR
MARA vs. BTDR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MARA Holdings, Inc. (MARA) and Bitdeer Technologies Group Class A Ordinary Shares (BTDR). 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.
| MARA | BTDR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.48 | ||
| Sortino ratioReturn per unit of downside risk | -0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.14 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.16 | 0.48 | -0.63 |
| Martin ratioReturn relative to average drawdown | -0.26 | 0.80 | -1.06 |
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Drawdowns
MARA vs. BTDR - Drawdown Comparison
The maximum MARA drawdown since its inception was -99.74%, which is greater than BTDR's maximum drawdown of -79.52%. Use the drawdown chart below to compare losses from any high point for MARA and BTDR.
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Drawdown Indicators
| MARA | BTDR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.74% | -79.52% | -20.22% |
Max Drawdown (1Y)Largest decline over 1 year | -70.53% | -71.89% | +1.36% |
Max Drawdown (3Y)Largest decline over 3 years | -78.34% | -79.52% | +1.18% |
Max Drawdown (5Y)Largest decline over 5 years | -95.87% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -99.20% | — | — |
Current DrawdownCurrent decline from peak | -90.90% | -31.69% | -59.21% |
Average DrawdownAverage peak-to-trough decline | -78.00% | -43.61% | -34.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 42.56% | 42.86% | -0.30% |
Volatility
MARA vs. BTDR - Volatility Comparison
The current volatility for MARA Holdings, Inc. (MARA) is 23.71%, while Bitdeer Technologies Group Class A Ordinary Shares (BTDR) has a volatility of 33.51%. This indicates that MARA experiences smaller price fluctuations and is considered to be less risky than BTDR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MARA | BTDR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.71% | 33.51% | -9.80% |
Volatility (6M)Calculated over the trailing 6-month period | 60.50% | 69.35% | -8.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 79.29% | 100.95% | -21.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 105.98% | 123.31% | -17.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 144.15% | 123.31% | +20.84% |
Dividends
MARA vs. BTDR - Dividend Comparison
Neither MARA nor BTDR has paid dividends to shareholders.
Financials
MARA vs. BTDR - Financials Comparison
This section allows you to compare key financial metrics between MARA Holdings, Inc. and Bitdeer Technologies Group Class A Ordinary Shares. 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
MARA and BTDR have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTDR has higher volatility (33.51%) compared to MARA (23.71%). In terms of maximum drawdown, MARA dropped -99.74% vs BTDR's -79.52%.
BTDR currently has the higher Sharpe Ratio (0.34 vs -0.14), 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.
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