THCH vs. BTDR
THCH (TH International Limited) and BTDR (Bitdeer Technologies Group Class A Ordinary Shares) are both stocks. THCH operates in Restaurants (Consumer Cyclical), while BTDR operates in Software - Application (Technology). Over the past 3 years, THCH returned -51.30%/yr vs -4.69%/yr for BTDR. At a 0.04 correlation, their price movements are largely independent.
Performance
THCH vs. BTDR - Performance Comparison
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Returns By Period
In the year-to-date period, THCH achieves a -28.11% return, which is significantly lower than BTDR's 8.21% return.
THCH
- 1D
- -0.56%
- 1M
- 3.47%
- 6M
- -24.79%
- YTD
- -28.11%
- 1Y
- -40.73%
- 3Y*
- -51.30%
- 5Y*
- —
- 10Y*
- —
BTDR
- 1D
- -8.73%
- 1M
- -31.97%
- 6M
- -1.14%
- YTD
- 8.21%
- 1Y
- -8.38%
- 3Y*
- -4.69%
- 5Y*
- —
- 10Y*
- —
THCH vs. BTDR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
THCH TH International Limited | -28.11% | -29.86% | -59.43% | -64.72% |
BTDR Bitdeer Technologies Group Class A Ordinary Shares | 8.21% | -48.27% | 119.78% | 20.10% |
Correlation
The correlation between THCH and BTDR is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2023 | 0.04 |
Fundamentals
THCH:
$57.35M
BTDR:
$2.83B
THCH:
-CN¥14.84
BTDR:
-$2.13
THCH:
0.31
BTDR:
3.89
THCH:
CN¥1.27B
BTDR:
$739.06M
THCH:
CN¥137.75M
BTDR:
$25.18M
THCH:
-CN¥191.18M
BTDR:
$59.65M
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Return for Risk
THCH vs. BTDR — Risk / Return Rank
THCH
BTDR
THCH vs. BTDR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TH International Limited (THCH) 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.
| THCH | BTDR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.51 | ||
| Sortino ratioReturn per unit of downside risk | -1.26 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.07 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.80 | -0.12 | -0.68 |
| Martin ratioReturn relative to average drawdown | -1.57 | -0.19 | -1.38 |
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Drawdowns
THCH vs. BTDR - Drawdown Comparison
The maximum THCH drawdown since its inception was -96.02%, which is greater than BTDR's maximum drawdown of -79.52%. Use the drawdown chart below to compare losses from any high point for THCH and BTDR.
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Drawdown Indicators
| THCH | BTDR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.02% | -79.52% | -16.50% |
Max Drawdown (1Y)Largest decline over 1 year | -51.01% | -71.89% | +20.88% |
Max Drawdown (3Y)Largest decline over 3 years | -90.65% | -79.52% | -11.13% |
Current DrawdownCurrent decline from peak | -95.09% | -53.52% | -41.57% |
Average DrawdownAverage peak-to-trough decline | -79.46% | -43.53% | -35.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.20% | 44.12% | -16.92% |
Volatility
THCH vs. BTDR - Volatility Comparison
TH International Limited (THCH) has a higher volatility of 32.78% compared to Bitdeer Technologies Group Class A Ordinary Shares (BTDR) at 28.12%. This indicates that THCH'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
| THCH | BTDR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 32.78% | 28.12% | +4.66% |
Volatility (6M)Calculated over the trailing 6-month period | 58.84% | 71.35% | -12.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 68.59% | 101.86% | -33.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 78.69% | 122.77% | -44.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 78.69% | 122.77% | -44.08% |
Dividends
THCH vs. BTDR - Dividend Comparison
Neither THCH nor BTDR has paid dividends to shareholders.
Financials
THCH vs. BTDR - Financials Comparison
This section allows you to compare key financial metrics between TH International Limited 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
THCH vs. BTDR - Profitability Comparison
THCH - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, TH International Limited reported a gross profit of 5.62M and revenue of 255.19M. Therefore, the gross margin over that period was 2.2%.
BTDR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 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%.
THCH - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, TH International Limited reported an operating income of -65.89M and revenue of 255.19M, resulting in an operating margin of -25.8%.
BTDR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 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%.
THCH - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, TH International Limited reported a net income of -109.23M and revenue of 255.19M, resulting in a net margin of -42.8%.
BTDR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 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
THCH and BTDR have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
THCH has higher volatility (32.78%) compared to BTDR (28.12%). In terms of maximum drawdown, THCH dropped -96.02% vs BTDR's -79.52%.
BTDR currently has the higher Sharpe Ratio (-0.08 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.
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