SLNH vs. BTDR
SLNH (Soluna Holdings, Inc.) and BTDR (Bitdeer Technologies Group Class A Ordinary Shares) are both stocks. Both are in the Technology sector — SLNH in Scientific & Technical Instruments, BTDR in Software - Application. Over the past 3 years, SLNH returned -42.36%/yr vs -4.69%/yr for BTDR. At a 0.30 correlation, their price movements are largely independent.
Performance
SLNH vs. BTDR - Performance Comparison
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Returns By Period
In the year-to-date period, SLNH achieves a -4.27% return, which is significantly lower than BTDR's 8.21% return.
SLNH
- 1D
- -11.11%
- 1M
- -24.32%
- 6M
- -31.71%
- YTD
- -4.27%
- 1Y
- -25.83%
- 3Y*
- -42.36%
- 5Y*
- -63.74%
- 10Y*
- -19.96%
BTDR
- 1D
- -8.73%
- 1M
- -31.97%
- 6M
- -1.14%
- YTD
- 8.21%
- 1Y
- -8.38%
- 3Y*
- -4.69%
- 5Y*
- —
- 10Y*
- —
SLNH vs. BTDR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SLNH Soluna Holdings, Inc. | -4.27% | -44.29% | -47.50% | -36.13% |
BTDR Bitdeer Technologies Group Class A Ordinary Shares | 8.21% | -48.27% | 119.78% | 20.10% |
Correlation
The correlation between SLNH and BTDR is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2023 | 0.30 |
Fundamentals
SLNH:
$176.68M
BTDR:
$2.83B
SLNH:
-$1.36
BTDR:
-$2.13
SLNH:
1.58
BTDR:
3.89
SLNH:
1.99
BTDR:
3.88
SLNH:
$33.18M
BTDR:
$739.06M
SLNH:
$28.87M
BTDR:
$25.18M
SLNH:
-$25.84M
BTDR:
$59.65M
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Return for Risk
SLNH vs. BTDR — Risk / Return Rank
SLNH
BTDR
SLNH vs. BTDR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Soluna Holdings, Inc. (SLNH) 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.
| SLNH | BTDR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.07 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.30 | -0.12 | -0.18 |
| Martin ratioReturn relative to average drawdown | -0.42 | -0.19 | -0.23 |
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Drawdowns
SLNH vs. BTDR - Drawdown Comparison
The maximum SLNH drawdown since its inception was -99.90%, which is greater than BTDR's maximum drawdown of -79.52%. Use the drawdown chart below to compare losses from any high point for SLNH and BTDR.
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Drawdown Indicators
| SLNH | BTDR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.90% | -79.52% | -20.38% |
Max Drawdown (1Y)Largest decline over 1 year | -86.26% | -71.89% | -14.37% |
Max Drawdown (3Y)Largest decline over 3 years | -95.57% | -79.52% | -16.05% |
Max Drawdown (5Y)Largest decline over 5 years | -99.90% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -99.90% | — | — |
Current DrawdownCurrent decline from peak | -99.73% | -53.52% | -46.21% |
Average DrawdownAverage peak-to-trough decline | -57.28% | -43.53% | -13.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 64.20% | 44.12% | +20.08% |
Volatility
SLNH vs. BTDR - Volatility Comparison
Soluna Holdings, Inc. (SLNH) has a higher volatility of 32.43% compared to Bitdeer Technologies Group Class A Ordinary Shares (BTDR) at 28.12%. This indicates that SLNH's price experiences larger fluctuations and is considered to be riskier 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
| SLNH | BTDR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 32.43% | 28.12% | +4.31% |
Volatility (6M)Calculated over the trailing 6-month period | 100.19% | 71.35% | +28.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 199.49% | 101.86% | +97.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 144.31% | 122.77% | +21.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 128.90% | 122.77% | +6.13% |
Dividends
SLNH vs. BTDR - Dividend Comparison
Neither SLNH nor BTDR has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BTDR Bitdeer Technologies Group Class A Ordinary Shares | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SLNH Soluna Holdings, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 110.45% |
Financials
SLNH vs. BTDR - Financials Comparison
This section allows you to compare key financial metrics between Soluna 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
SLNH and BTDR have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SLNH has higher volatility (32.43%) compared to BTDR (28.12%). In terms of maximum drawdown, SLNH dropped -99.90% vs BTDR's -79.52%.
BTDR currently has the higher Sharpe Ratio (-0.08 vs -0.13), 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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