RIOT vs. BW

Last updated Jun 17, 2026

RIOT (Riot Platforms, Inc.) and BW (Babcock & Wilcox Enterprises, Inc.) are both stocks. RIOT operates in Software - Application (Technology), while BW operates in Specialty Industrial Machinery (Industrials). Over the past 10 years, RIOT returned 24.24%/yr vs -22.04%/yr for BW. At a 0.22 correlation, their price movements are largely independent.

Performance

RIOT vs. BW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Riot Platforms, Inc. (RIOT) and Babcock & Wilcox Enterprises, Inc. (BW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RIOT achieves a 116.42% return, which is significantly lower than BW's 169.10% return. Over the past 10 years, RIOT has outperformed BW with an annualized return of 24.24%, while BW has yielded a comparatively lower -22.04% annualized return.

RIOT

• 1D: 0.15%
• 1M: 16.73%
• YTD: 116.42%
• 6M: 103.56%
• 1Y: 169.62%
• 3Y*: 38.15%
• 5Y*: -4.38%
• 10Y*: 24.24%

BW

• 1D: 1.84%
• 1M: -21.92%
• YTD: 169.10%
• 6M: 223.12%
• 1Y: 1,524.86%
• 3Y*: 38.15%
• 5Y*: 16.89%
• 10Y*: -22.04%

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

RIOT vs. BW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RIOT Riot Platforms, Inc.	116.42%	24.09%	-34.00%	356.34%	-84.82%	31.43%	1,416.96%	-25.83%	-94.68%	729.34%
BW Babcock & Wilcox Enterprises, Inc.	169.10%	286.59%	12.33%	-74.70%	-36.03%	156.98%	-3.57%	-6.76%	-93.13%	-65.76%

Correlation

The correlation between RIOT and BW is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (3Y) Calculated over the trailing 3-year period	0.35
Correlation (5Y) Calculated over the trailing 5-year period	0.37
Correlation (10Y) Calculated over the trailing 10-year period	0.23
Correlation (All Time) Calculated using the full available price history since Jul 1, 2015	0.22

The correlation between RIOT and BW shifts across timeframes, from 0.22 (all time) to 0.37 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap RIOT : $9.53B BW : $2.22B
EPS RIOT : -$2.35 BW : -$0.83
PS Ratio RIOT : 15.47 BW : 2.84
Total Revenue (TTM) RIOT : $653.27M BW : $668.48M
Gross Profit (TTM) RIOT : $179.76M BW : $121.68M
EBITDA (TTM) RIOT : -$482.33M BW : -$41.40M

Return for Risk

RIOT vs. BW — Risk / Return Rank

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

RIOT

RIOT Risk / Return Rank: 84
RIOT Sharpe Ratio Rank: 89
RIOT Sortino Ratio Rank: 83
RIOT Omega Ratio Rank: 81
RIOT Calmar Ratio Rank: 86
RIOT Martin Ratio Rank: 82

BW

BW Risk / Return Rank: 99
BW Sharpe Ratio Rank: 100
BW Sortino Ratio Rank: 98
BW Omega Ratio Rank: 97
BW Calmar Ratio Rank: 100
BW Martin Ratio Rank: 100

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.

RIOT vs. BW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Riot Platforms, Inc. (RIOT) and Babcock & Wilcox Enterprises, Inc. (BW). 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.

	RIOT	BW	Difference
Sharpe ratio: Return per unit of total volatility	2.03	12.19	-10.16
Sortino ratio: Return per unit of downside risk	2.51	5.47	-2.97
Omega ratio: Gain probability vs. loss probability	1.31	1.67	-0.36
Calmar ratio: Return relative to maximum drawdown	3.51	45.77	-42.25
Martin ratio: Return relative to average drawdown	6.95	123.06	-116.11

RIOT vs. BW - Sharpe Ratio Comparison

The current RIOT Sharpe Ratio is 2.03, which is lower than the BW Sharpe Ratio of 12.19. The chart below compares the historical Sharpe Ratios of RIOT and BW, 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

RIOT vs. BW - Drawdown Comparison

The maximum RIOT drawdown since its inception was -99.98%, roughly equal to the maximum BW drawdown of -99.89%. Use the drawdown chart below to compare losses from any high point for RIOT and BW.

Drawdown Indicators

	RIOT	BW	Difference
Max Drawdown Largest peak-to-trough decline	-99.98%	-99.89%	-0.09%
Max Drawdown (1Y) Largest decline over 1 year	-48.57%	-33.71%	-14.86%
Max Drawdown (3Y) Largest decline over 3 years	-69.00%	-96.03%	+27.03%
Max Drawdown (5Y) Largest decline over 5 years	-92.55%	-97.39%	+4.84%
Max Drawdown (10Y) Largest decline over 10 years	-98.32%	-99.87%	+1.55%
Current Drawdown Current decline from peak	-99.14%	-92.79%	-6.35%
Average Drawdown Average peak-to-trough decline	-87.84%	-82.80%	-5.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.50%	12.60%	+11.90%

Volatility

RIOT vs. BW - Volatility Comparison

The current volatility for Riot Platforms, Inc. (RIOT) is 19.41%, while Babcock & Wilcox Enterprises, Inc. (BW) has a volatility of 25.47%. This indicates that RIOT experiences smaller price fluctuations and is considered to be less risky than BW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RIOT	BW	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.41%	25.47%	-6.06%
Volatility (6M) Calculated over the trailing 6-month period	62.12%	89.10%	-26.98%
Volatility (1Y) Calculated over the trailing 1-year period	84.02%	126.60%	-42.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	93.65%	110.23%	-16.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	112.16%	108.28%	+3.88%

Dividends

RIOT vs. BW - Dividend Comparison

RIOT has not paid dividends to shareholders, while BW's dividend yield for the trailing twelve months is around 2.44%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
BW Babcock & Wilcox Enterprises, Inc.	2.44%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
RIOT Riot Platforms, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.52%

Financials

Frequently Asked Questions

Can I hold both RIOT and BW in my portfolio?

RIOT and BW have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RIOT or BW?

BW has higher volatility (25.47%) compared to RIOT (19.41%). In terms of maximum drawdown, RIOT dropped -99.98% vs BW's -99.89%.

Which has better risk-adjusted returns?

BW currently has the higher Sharpe Ratio (12.19 vs 2.03), 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.