RIOT vs. CIFR

Last updated Jun 20, 2026

RIOT (Riot Platforms, Inc.) and CIFR (Cipher Digital Inc.) are both stocks. Both are in the Technology sector — RIOT in Software - Application, CIFR in Information Technology Services. Over the past 3 years, RIOT returned 39.28%/yr vs 112.29%/yr for CIFR. A 0.68 correlation means they provide meaningful diversification when combined.

Performance

RIOT vs. CIFR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Riot Platforms, Inc. (RIOT) 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, RIOT achieves a 121.78% return, which is significantly higher than CIFR's 97.70% return.

RIOT

• 1D: 2.44%
• 1M: 14.83%
• YTD: 121.78%
• 6M: 93.79%
• 1Y: 193.93%
• 3Y*: 39.28%
• 5Y*: -2.68%
• 10Y*: 24.26%

CIFR

• 1D: 10.74%
• 1M: 35.59%
• YTD: 97.70%
• 6M: 80.01%
• 1Y: 669.92%
• 3Y*: 112.29%
• 5Y*: —
• 10Y*: —

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

RIOT vs. CIFR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
RIOT Riot Platforms, Inc.	121.78%	24.09%	-34.00%	356.34%	-84.82%	-42.11%
CIFR Cipher Digital Inc.	97.70%	218.10%	12.35%	637.50%	-87.90%	-54.65%

Correlation

The correlation between RIOT and CIFR is 0.75, 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	0.75
Correlation (3Y) Calculated over the trailing 3-year period	0.77
Correlation (All Time) Calculated using the full available price history since Aug 30, 2021	0.68

The correlation between RIOT and CIFR has been stable across timeframes, ranging from 0.68 to 0.77 - a consistent structural relationship.

Fundamentals

Market Cap RIOT : $9.77B CIFR : $11.82B
EPS RIOT : -$2.35 CIFR : -$2.33
PS Ratio RIOT : 15.85 CIFR : 64.12
PB Ratio RIOT : 4.08 CIFR : 16.55
Total Revenue (TTM) RIOT : $653.27M CIFR : $174.98M
Gross Profit (TTM) RIOT : $179.76M CIFR : -$172.84M
EBITDA (TTM) RIOT : -$482.33M CIFR : -$169.22M

Return for Risk

RIOT vs. CIFR — Risk / Return Rank

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

RIOT

RIOT Risk / Return Rank: 86
RIOT Sharpe Ratio Rank: 90
RIOT Sortino Ratio Rank: 85
RIOT Omega Ratio Rank: 83
RIOT Calmar Ratio Rank: 88
RIOT Martin Ratio Rank: 83

CIFR

CIFR Risk / Return Rank: 97
CIFR Sharpe Ratio Rank: 99
CIFR Sortino Ratio Rank: 96
CIFR Omega Ratio Rank: 93
CIFR Calmar Ratio Rank: 99
CIFR Martin Ratio Rank: 97

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. CIFR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Riot Platforms, Inc. (RIOT) 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.

	RIOT	CIFR	Difference
Sharpe ratio: Return per unit of total volatility	2.20	6.16	-3.96
Sortino ratio: Return per unit of downside risk	2.60	4.17	-1.57
Omega ratio: Gain probability vs. loss probability	1.32	1.49	-0.17
Calmar ratio: Return relative to maximum drawdown	3.79	13.08	-9.30
Martin ratio: Return relative to average drawdown	7.49	26.24	-18.75

RIOT vs. CIFR - Sharpe Ratio Comparison

The current RIOT Sharpe Ratio is 2.20, which is lower than the CIFR Sharpe Ratio of 6.16. The chart below compares the historical Sharpe Ratios of RIOT 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

RIOT vs. CIFR - Drawdown Comparison

The maximum RIOT drawdown since its inception was -99.98%, roughly equal to the maximum CIFR drawdown of -97.16%. Use the drawdown chart below to compare losses from any high point for RIOT and CIFR.

Drawdown Indicators

	RIOT	CIFR	Difference
Max Drawdown Largest peak-to-trough decline	-99.98%	-97.16%	-2.82%
Max Drawdown (1Y) Largest decline over 1 year	-48.57%	-51.38%	+2.81%
Max Drawdown (3Y) Largest decline over 3 years	-69.00%	-71.74%	+2.74%
Max Drawdown (5Y) Largest decline over 5 years	-92.55%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-98.32%	—	—
Current Drawdown Current decline from peak	-99.12%	0.00%	-99.12%
Average Drawdown Average peak-to-trough decline	-87.84%	-66.02%	-21.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.50%	25.56%	-1.06%

Volatility

RIOT vs. CIFR - Volatility Comparison

The current volatility for Riot Platforms, Inc. (RIOT) is 19.08%, while Cipher Digital Inc. (CIFR) has a volatility of 29.65%. This indicates that RIOT 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

	RIOT	CIFR	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.08%	29.65%	-10.57%
Volatility (6M) Calculated over the trailing 6-month period	61.02%	70.77%	-9.75%
Volatility (1Y) Calculated over the trailing 1-year period	83.76%	109.22%	-25.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	93.62%	121.89%	-28.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	112.12%	121.89%	-9.77%

Dividends

RIOT vs. CIFR - Dividend Comparison

Neither RIOT nor CIFR has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
CIFR Cipher Digital Inc.	0.00%	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 CIFR in my portfolio?

RIOT and CIFR have a correlation of 0.75, 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 CIFR?

CIFR has higher volatility (29.65%) compared to RIOT (19.08%). In terms of maximum drawdown, RIOT dropped -99.98% vs CIFR's -97.16%.

Which has better risk-adjusted returns?

CIFR currently has the higher Sharpe Ratio (6.16 vs 2.20), 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.