WULF vs. BTBT
WULF (TeraWulf Inc.) and BTBT (Bit Digital, Inc.) are both stocks. Both operate in the Capital Markets industry within the Financial Services sector. Over the past 5 years, WULF returned 22.83%/yr vs -26.71%/yr for BTBT. At a 0.39 correlation, their price movements are largely independent.
Performance
WULF vs. BTBT - Performance Comparison
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Returns By Period
In the year-to-date period, WULF achieves a 125.07% return, which is significantly higher than BTBT's -5.82% return.
WULF
- 1D
- 7.75%
- 1M
- 10.56%
- YTD
- 125.07%
- 6M
- 72.86%
- 1Y
- 494.48%
- 3Y*
- 168.90%
- 5Y*
- 22.83%
- 10Y*
- 10.67%
BTBT
- 1D
- 8.54%
- 1M
- -1.11%
- YTD
- -5.82%
- 6M
- -19.09%
- 1Y
- -32.83%
- 3Y*
- -14.62%
- 5Y*
- -26.71%
- 10Y*
- —
WULF vs. BTBT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
WULF TeraWulf Inc. | 125.07% | 103.00% | 135.83% | 260.58% | -95.58% | 77.08% | 86.34% | -36.55% | -9.82% |
BTBT Bit Digital, Inc. | -5.82% | -35.49% | -30.73% | 605.00% | -90.13% | -72.25% | 5,377.50% | -93.85% | 25.00% |
Correlation
The correlation between WULF and BTBT is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Mar 20, 2018 | 0.39 |
The correlation between WULF and BTBT shifts across timeframes, from 0.39 (all time) to 0.69 (3 years), reflecting how their relationship changes across market environments.
Fundamentals
WULF:
$10.94B
BTBT:
$579.64M
WULF:
-$2.55
BTBT:
-$498.30
WULF:
61.90
BTBT:
0.02
WULF:
$168.06M
BTBT:
$28.01B
WULF:
$107.59M
BTBT:
$48.37M
WULF:
-$132.10M
BTBT:
-$162.09B
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Return for Risk
WULF vs. BTBT — Risk / Return Rank
WULF
BTBT
WULF vs. BTBT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TeraWulf Inc. (WULF) and Bit Digital, Inc. (BTBT). 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.
| WULF | BTBT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +5.08 | ||
| Sortino ratioReturn per unit of downside risk | +4.23 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.00 | +0.50 |
| Calmar ratioReturn relative to maximum drawdown | 15.71 | -0.47 | +16.18 |
| Martin ratioReturn relative to average drawdown | 41.48 | -0.75 | +42.23 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| WULF | BTBT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.72 | -0.36 | +5.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.18 | -0.23 | +0.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.11 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.11 | -0.08 | +0.20 |
Drawdowns
WULF vs. BTBT - Drawdown Comparison
The maximum WULF drawdown since its inception was -98.50%, roughly equal to the maximum BTBT drawdown of -98.16%. Use the drawdown chart below to compare losses from any high point for WULF and BTBT.
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Drawdown Indicators
| WULF | BTBT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.50% | -98.16% | -0.34% |
Max Drawdown (1Y)Largest decline over 1 year | -31.74% | -70.02% | +38.28% |
Max Drawdown (3Y)Largest decline over 3 years | -75.77% | -77.08% | +1.31% |
Max Drawdown (5Y)Largest decline over 5 years | -98.50% | -96.92% | -1.58% |
Max Drawdown (10Y)Largest decline over 10 years | -98.50% | — | — |
Current DrawdownCurrent decline from peak | -28.31% | -93.92% | +65.61% |
Average DrawdownAverage peak-to-trough decline | -46.67% | -75.53% | +28.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.00% | 44.09% | -32.09% |
Volatility
WULF vs. BTBT - Volatility Comparison
The current volatility for TeraWulf Inc. (WULF) is 21.75%, while Bit Digital, Inc. (BTBT) has a volatility of 35.18%. This indicates that WULF experiences smaller price fluctuations and is considered to be less risky than BTBT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WULF | BTBT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.75% | 35.18% | -13.43% |
Volatility (6M)Calculated over the trailing 6-month period | 64.60% | 62.46% | +2.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 105.83% | 92.66% | +13.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 127.48% | 117.67% | +9.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 101.40% | 133.90% | -32.50% |
Dividends
WULF vs. BTBT - Dividend Comparison
Neither WULF nor BTBT has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BTBT Bit Digital, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WULF TeraWulf Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 33.22% |
Financials
WULF vs. BTBT - Financials Comparison
This section allows you to compare key financial metrics between TeraWulf Inc. and Bit Digital, Inc.. 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
WULF and BTBT have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTBT has higher volatility (35.18%) compared to WULF (21.75%). In terms of maximum drawdown, WULF dropped -98.50% vs BTBT's -98.16%.
WULF currently has the higher Sharpe Ratio (4.72 vs -0.36), 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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