RIOT vs. HIVE

Last updated Apr 2, 2026

Compare and contrast key facts about Riot Blockchain, Inc. (RIOT) and HIVE Blockchain Technologies Ltd (HIVE).

Performance

RIOT vs. HIVE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Riot Blockchain, Inc. (RIOT) and HIVE Blockchain Technologies Ltd (HIVE). The values are adjusted to include any dividend payments, if applicable.

RIOT vs. HIVE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
RIOT Riot Blockchain, Inc.	-0.95%	24.09%	-34.00%	356.34%	-84.82%	31.43%	1,416.96%	-25.83%	-93.10%
HIVE HIVE Blockchain Technologies Ltd	-26.74%	-9.47%	-37.09%	214.58%	-89.09%	39.68%	2,600.00%	-64.10%	-92.61%

Fundamentals

EPS RIOT : $0.42 HIVE : -$0.33
PS Ratio RIOT : 7.74 HIVE : 1.62
Total Revenue (TTM) RIOT : $637.16M HIVE : $257.14M
Gross Profit (TTM) RIOT : $251.99M HIVE : $58.57M
EBITDA (TTM) RIOT : $703.12M HIVE : $87.81M

Returns By Period

In the year-to-date period, RIOT achieves a -0.95% return, which is significantly higher than HIVE's -26.74% return.

RIOT

• 1D: 1.54%
• 1M: -23.62%
• YTD: -0.95%
• 6M: -33.70%
• 1Y: 66.45%
• 3Y*: 7.90%
• 5Y*: -24.75%
• 10Y*: 18.26%

HIVE

• 1D: -0.53%
• 1M: -14.09%
• YTD: -26.74%
• 6M: -54.57%
• 1Y: 22.73%
• 3Y*: -16.87%
• 5Y*: -37.52%
• 10Y*: —

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

Return for Risk

RIOT vs. HIVE — 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: 68
RIOT Sortino Ratio Rank: 69
RIOT Omega Ratio Rank: 64
RIOT Calmar Ratio Rank: 71
RIOT Martin Ratio Rank: 68

HIVE

HIVE Risk / Return Rank: 52
HIVE Sharpe Ratio Rank: 50
HIVE Sortino Ratio Rank: 56
HIVE Omega Ratio Rank: 52
HIVE Calmar Ratio Rank: 50
HIVE Martin Ratio Rank: 50

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. HIVE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Riot Blockchain, Inc. (RIOT) and HIVE Blockchain Technologies Ltd (HIVE). 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.

	RIOT	HIVE	Difference
Sharpe ratio Return per unit of total volatility	0.79	0.26	+0.53
Sortino ratio Return per unit of downside risk	1.57	1.06	+0.51
Omega ratio Gain probability vs. loss probability	1.18	1.12	+0.06
Calmar ratio Return relative to maximum drawdown	1.57	0.41	+1.16
Martin ratio Return relative to average drawdown	3.26	0.77	+2.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RIOT vs. HIVE - Sharpe Ratio Comparison

The current RIOT Sharpe Ratio is 0.79, which is higher than the HIVE Sharpe Ratio of 0.26. The chart below compares the historical Sharpe Ratios of RIOT and HIVE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	RIOT	HIVE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.79	0.26	+0.53
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.26	-0.40	+0.14
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.16	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.16	-0.19	+0.03

Correlation

The correlation between RIOT and HIVE is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

RIOT vs. HIVE - Dividend Comparison

Neither RIOT nor HIVE has paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
RIOT Riot Blockchain, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.52%
HIVE HIVE Blockchain Technologies Ltd	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

RIOT vs. HIVE - Drawdown Comparison

The maximum RIOT drawdown since its inception was -99.98%, roughly equal to the maximum HIVE drawdown of -97.73%. Use the drawdown chart below to compare losses from any high point for RIOT and HIVE.

Drawdown Indicators

	RIOT	HIVE	Difference
Max Drawdown Largest peak-to-trough decline	-99.98%	-97.73%	-2.25%
Max Drawdown (1Y) Largest decline over 1 year	-48.57%	-74.86%	+26.29%
Max Drawdown (5Y) Largest decline over 5 years	-94.45%	-94.61%	+0.16%
Max Drawdown (10Y) Largest decline over 10 years	-98.32%	—	—
Current Drawdown Current decline from peak	-99.61%	-92.95%	-6.66%
Average Drawdown Average peak-to-trough decline	-87.75%	-78.36%	-9.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.43%	39.34%	-15.91%

Volatility

RIOT vs. HIVE - Volatility Comparison

Riot Blockchain, Inc. (RIOT) has a higher volatility of 24.38% compared to HIVE Blockchain Technologies Ltd (HIVE) at 22.28%. This indicates that RIOT's price experiences larger fluctuations and is considered to be riskier than HIVE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RIOT	HIVE	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.38%	22.28%	+2.10%
Volatility (6M) Calculated over the trailing 6-month period	62.49%	66.66%	-4.17%
Volatility (1Y) Calculated over the trailing 1-year period	84.38%	87.57%	-3.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	95.49%	93.05%	+2.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	112.33%	109.01%	+3.32%

Financials

RIOT vs. HIVE - Profitability Comparison

The chart below illustrates the profitability comparison between Riot Blockchain, Inc. and HIVE Blockchain Technologies Ltd over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

RIOT - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Riot Blockchain, Inc. reported a gross profit of 70.76M and revenue of 180.23M. Therefore, the gross margin over that period was 39.3%.

HIVE - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, HIVE Blockchain Technologies Ltd reported a gross profit of 32.14M and revenue of 93.11M. Therefore, the gross margin over that period was 34.5%.

RIOT - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Riot Blockchain, Inc. reported an operating income of 80.05M and revenue of 180.23M, resulting in an operating margin of 44.4%.

HIVE - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, HIVE Blockchain Technologies Ltd reported an operating income of 16.70M and revenue of 93.11M, resulting in an operating margin of 17.9%.

RIOT - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Riot Blockchain, Inc. reported a net income of 104.48M and revenue of 180.23M, resulting in a net margin of 58.0%.

HIVE - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, HIVE Blockchain Technologies Ltd reported a net income of -91.33M and revenue of 93.11M, resulting in a net margin of -98.1%.