RIOT vs. BW

Last updated Jul 28, 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 22.01%/yr vs -24.18%/yr for BW. Their 0.23 correlation means their historical movements had little consistent relationship.

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 73.40% return, which is significantly higher than BW's 52.11% return. Over the past 10 years, RIOT has outperformed BW with an annualized return of 22.01%, while BW has yielded a comparatively lower -24.18% annualized return.

RIOT

• 1D: -2.49%
• 1M: -23.10%
• 6M: 35.37%
• YTD: 73.40%
• 1Y: 51.10%
• 3Y*: 6.13%
• 5Y*: -7.79%
• 10Y*: 22.01%
• ALL TIME*: -12.77%

BW

• 1D: -2.29%
• 1M: -34.95%
• 6M: -4.23%
• YTD: 52.11%
• 1Y: 827.27%
• 3Y*: 21.78%
• 5Y*: 6.11%
• 10Y*: -24.18%
• ALL TIME*: -23.78%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BW Babcock & Wilcox Enterprises, Inc.	$30.42M	$38.78M	$59.56M
RIOT Riot Platforms, Inc.	$380.85M	$380.03M	$413.09M

RIOT vs. BW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RIOT Riot Platforms, Inc.	73.40%	24.09%	-34.00%	356.34%	-84.82%	31.43%	1,416.96%	-25.83%	-94.68%	729.34%
BW Babcock & Wilcox Enterprises, Inc.	52.11%	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 0.41, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.41
Correlation (3Y) Balances recent behavior with more history.	0.36
Correlation (5Y) Shows whether the relationship held over a longer period.	0.38
Correlation (10Y) Provides a long-term view across more market conditions.	0.23
Correlation (All Time) Calculated using the full available price history since Jul 1, 2015	0.23

The correlation between RIOT and BW shifts across timeframes, from 0.23 (all time) to 0.41 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap RIOT : $8.31B BW : $1.08B
EPS RIOT : -$2.38 BW : -$0.79
PS Ratio RIOT : 12.24 BW : 1.68
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: 68
RIOT Sharpe Ratio Rank: 67
RIOT Sortino Ratio Rank: 69
RIOT Omega Ratio Rank: 66
RIOT Calmar Ratio Rank: 69
RIOT Martin Ratio Rank: 67

BW

BW Risk / Return Rank: 99
BW Sharpe Ratio Rank: 100
BW Sortino Ratio Rank: 98
BW Omega Ratio Rank: 96
BW Calmar Ratio Rank: 99
BW Martin Ratio Rank: 99

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	0.60	6.49	-5.89
Sortino ratio: Return per unit of downside risk	1.38	4.38	-3.01
Omega ratio: Gain probability vs. loss probability	1.16	1.52	-0.36
Calmar ratio: Return relative to maximum drawdown	1.06	14.96	-13.90
Martin ratio: Return relative to average drawdown	2.02	44.27	-42.25

RIOT vs. BW - Sharpe Ratio Comparison

The current RIOT Sharpe Ratio is 0.60, which is lower than the BW Sharpe Ratio of 6.49. 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%	-55.86%	+7.29%
Max Drawdown (3Y) Largest decline over 3 years	-66.22%	-95.33%	+29.11%
Max Drawdown (5Y) Largest decline over 5 years	-92.55%	-97.39%	+4.84%
Max Drawdown (10Y) Largest decline over 10 years	-98.32%	-99.85%	+1.53%
Current Drawdown Current decline from peak	-99.31%	-95.92%	-3.39%
Average Drawdown Average peak-to-trough decline	-87.89%	-82.92%	-4.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	25.42%	18.84%	+6.58%

Volatility

RIOT vs. BW - Volatility Comparison

Riot Platforms, Inc. (RIOT) has a higher volatility of 25.74% compared to Babcock & Wilcox Enterprises, Inc. (BW) at 23.67%. This indicates that RIOT's price experiences larger fluctuations and is considered to be riskier 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	25.74%	23.67%	+2.07%
Volatility (6M) Calculated over the trailing 6-month period	61.43%	86.65%	-25.22%
Volatility (1Y) Calculated over the trailing 1-year period	85.81%	129.02%	-43.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	93.34%	110.72%	-17.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	112.35%	108.43%	+3.92%

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 4.32%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
BW Babcock & Wilcox Enterprises, Inc.	4.32%	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 0.41, 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?

RIOT has higher volatility (25.74%) compared to BW (23.67%). 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 (6.49 vs 0.60), 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.