THC vs. BTDR
THC (Tenet Healthcare Corporation) and BTDR (Bitdeer Technologies Group Class A Ordinary Shares) are both stocks. THC operates in Medical Care Facilities (Healthcare), while BTDR operates in Software - Application (Technology). Over the past 3 years, THC returned 49.16%/yr vs 1.04%/yr for BTDR. Their 0.10 correlation means their historical movements had little consistent relationship.
Performance
THC vs. BTDR - Performance Comparison
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Returns By Period
In the year-to-date period, THC achieves a 28.21% return, which is significantly higher than BTDR's -6.16% return.
THC
- 1D
- 0.81%
- 1M
- 25.06%
- 6M
- 34.60%
- YTD
- 28.21%
- 1Y
- 61.16%
- 3Y*
- 49.16%
- 5Y*
- 28.81%
- 10Y*
- 24.90%
- ALL TIME*
- 6.39%
BTDR
- 1D
- -5.23%
- 1M
- -24.04%
- 6M
- -19.33%
- YTD
- -6.16%
- 1Y
- -13.13%
- 3Y*
- 1.04%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 7.80%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $108.63M | $113.17M | $152.56M | |
| $388.53M | $322.77M | $279.36M |
THC vs. BTDR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
THC Tenet Healthcare Corporation | 28.21% | 57.43% | 67.04% | 20.30% |
BTDR Bitdeer Technologies Group Class A Ordinary Shares | -6.16% | -48.27% | 119.78% | 20.10% |
Correlation
The correlation between THC and BTDR is 0.08, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.08 |
Correlation (3Y) Balances recent behavior with more history. | 0.09 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2023 | 0.10 |
Fundamentals
THC:
$20.51B
BTDR:
$2.46B
THC:
$19.34
BTDR:
-$2.13
THC:
1.05
BTDR:
3.37
THC:
$21.46B
BTDR:
$739.06M
THC:
$9.18B
BTDR:
$25.18M
THC:
$4.88B
BTDR:
$59.65M
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Return for Risk
THC vs. BTDR — Risk / Return Rank
THC
BTDR
THC vs. BTDR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tenet Healthcare Corporation (THC) 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.
| THC | BTDR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.52 | ||
| Sortino ratioReturn per unit of downside risk | +1.81 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.06 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.71 | -0.26 | +1.97 |
| Martin ratioReturn relative to average drawdown | 3.90 | -0.40 | +4.30 |
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Drawdowns
THC vs. BTDR - Drawdown Comparison
The maximum THC drawdown since its inception was -98.28%, which is greater than BTDR's maximum drawdown of -79.52%. Use the drawdown chart below to compare losses from any high point for THC and BTDR.
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Drawdown Indicators
| THC | BTDR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.28% | -79.52% | -18.76% |
Max Drawdown (1Y)Largest decline over 1 year | -34.08% | -71.89% | +37.81% |
Max Drawdown (3Y)Largest decline over 3 years | -34.48% | -79.52% | +45.04% |
Max Drawdown (5Y)Largest decline over 5 years | -58.88% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -71.68% | — | — |
Current DrawdownCurrent decline from peak | -2.99% | -59.69% | +56.70% |
Average DrawdownAverage peak-to-trough decline | -51.45% | -43.75% | -7.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.90% | 45.88% | -30.98% |
Volatility
THC vs. BTDR - Volatility Comparison
The current volatility for Tenet Healthcare Corporation (THC) is 21.56%, while Bitdeer Technologies Group Class A Ordinary Shares (BTDR) has a volatility of 41.08%. This indicates that THC experiences smaller price fluctuations and is considered to be less risky 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
| THC | BTDR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.56% | 41.08% | -19.52% |
Volatility (6M)Calculated over the trailing 6-month period | 35.55% | 75.95% | -40.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.24% | 106.42% | -63.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.22% | 123.24% | -78.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.63% | 123.24% | -66.61% |
Dividends
THC vs. BTDR - Dividend Comparison
Neither THC nor BTDR has paid dividends to shareholders.
Financials
THC vs. BTDR - Financials Comparison
This section allows you to compare key financial metrics between Tenet Healthcare Corporation 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
THC vs. BTDR - Profitability Comparison
THC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Tenet Healthcare Corporation reported a gross profit of 882.00M and revenue of 5.37B. Therefore, the gross margin over that period was 16.4%.
BTDR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Bitdeer Technologies Group Class A Ordinary Shares reported a gross profit of -39.04M and revenue of 188.93M. Therefore, the gross margin over that period was -20.7%.
THC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Tenet Healthcare Corporation reported an operating income of 882.00M and revenue of 5.37B, resulting in an operating margin of 16.4%.
BTDR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Bitdeer Technologies Group Class A Ordinary Shares reported an operating income of -86.73M and revenue of 188.93M, resulting in an operating margin of -45.9%.
THC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Tenet Healthcare Corporation reported a net income of 702.00M and revenue of 5.37B, resulting in a net margin of 13.1%.
BTDR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Bitdeer Technologies Group Class A Ordinary Shares reported a net income of -159.53M and revenue of 188.93M, resulting in a net margin of -84.4%.
Frequently Asked Questions
THC and BTDR have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTDR has higher volatility (41.08%) compared to THC (21.56%). In terms of maximum drawdown, THC dropped -98.28% vs BTDR's -79.52%.
THC currently has the higher Sharpe Ratio (1.35 vs -0.17), 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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