WVE vs. BTDR
WVE (Wave Life Sciences Ltd.) and BTDR (Bitdeer Technologies Group Class A Ordinary Shares) are both stocks. WVE operates in Biotechnology (Healthcare), while BTDR operates in Software - Application (Technology). Over the past 3 years, WVE returned 18.16%/yr vs 15.30%/yr for BTDR. At a 0.24 correlation, their price movements are largely independent.
Performance
WVE vs. BTDR - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, WVE achieves a -63.71% return, which is significantly lower than BTDR's 55.49% return.
WVE
- 1D
- 0.16%
- 1M
- -3.29%
- YTD
- -63.71%
- 6M
- -65.66%
- 1Y
- -6.09%
- 3Y*
- 18.16%
- 5Y*
- -2.60%
- 10Y*
- -11.21%
BTDR
- 1D
- -2.79%
- 1M
- 18.98%
- YTD
- 55.49%
- 6M
- 54.52%
- 1Y
- 54.52%
- 3Y*
- 15.30%
- 5Y*
- —
- 10Y*
- —
WVE vs. BTDR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
WVE Wave Life Sciences Ltd. | -63.71% | 37.43% | 144.95% | 8.60% |
BTDR Bitdeer Technologies Group Class A Ordinary Shares | 55.49% | -48.27% | 119.78% | 20.10% |
Correlation
The correlation between WVE and BTDR is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2023 | 0.24 |
Fundamentals
WVE:
$1.24B
BTDR:
$4.07B
WVE:
-$1.03
BTDR:
-$2.23
WVE:
15.30
BTDR:
5.33
WVE:
2.41
BTDR:
5.57
WVE:
$71.80M
BTDR:
$739.06M
WVE:
$29.09M
BTDR:
$25.18M
WVE:
-$184.40M
BTDR:
$59.65M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
WVE vs. BTDR — Risk / Return Rank
WVE
BTDR
WVE vs. BTDR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Wave Life Sciences Ltd. (WVE) 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.
| WVE | BTDR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.58 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.17 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.08 | 0.76 | -0.85 |
| Martin ratioReturn relative to average drawdown | -0.15 | 1.27 | -1.42 |
Loading charts...
Drawdowns
WVE vs. BTDR - Drawdown Comparison
The maximum WVE drawdown since its inception was -97.77%, which is greater than BTDR's maximum drawdown of -79.52%. Use the drawdown chart below to compare losses from any high point for WVE and BTDR.
Loading charts...
Drawdown Indicators
| WVE | BTDR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.77% | -79.52% | -18.25% |
Max Drawdown (1Y)Largest decline over 1 year | -73.44% | -71.89% | -1.55% |
Max Drawdown (3Y)Largest decline over 3 years | -73.44% | -79.52% | +6.08% |
Max Drawdown (5Y)Largest decline over 5 years | -82.89% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -97.77% | — | — |
Current DrawdownCurrent decline from peak | -88.82% | -33.22% | -55.60% |
Average DrawdownAverage peak-to-trough decline | -64.87% | -43.54% | -21.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 40.69% | 42.95% | -2.26% |
Volatility
WVE vs. BTDR - Volatility Comparison
The current volatility for Wave Life Sciences Ltd. (WVE) is 16.86%, while Bitdeer Technologies Group Class A Ordinary Shares (BTDR) has a volatility of 29.98%. This indicates that WVE 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.
Loading charts...
Volatility by Period
| WVE | BTDR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.86% | 29.98% | -13.12% |
Volatility (6M)Calculated over the trailing 6-month period | 79.30% | 68.19% | +11.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 169.02% | 100.21% | +68.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 114.68% | 122.95% | -8.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 98.97% | 122.95% | -23.98% |
Dividends
WVE vs. BTDR - Dividend Comparison
Neither WVE nor BTDR has paid dividends to shareholders.
Financials
WVE vs. BTDR - Financials Comparison
This section allows you to compare key financial metrics between Wave Life Sciences Ltd. 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
WVE vs. BTDR - Profitability Comparison
WVE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Wave Life Sciences Ltd. reported a gross profit of 0.00 and revenue of 38.25M. Therefore, the gross margin over that period was 0.0%.
BTDR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 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%.
WVE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Wave Life Sciences Ltd. reported an operating income of -31.30M and revenue of 38.25M, resulting in an operating margin of -81.8%.
BTDR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 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%.
WVE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Wave Life Sciences Ltd. reported a net income of -26.09M and revenue of 38.25M, resulting in a net margin of -68.2%.
BTDR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 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
WVE and BTDR have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTDR has higher volatility (29.98%) compared to WVE (16.86%). In terms of maximum drawdown, WVE dropped -97.77% vs BTDR's -79.52%.
BTDR currently has the higher Sharpe Ratio (0.55 vs -0.04), 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.
Find the right allocation for WVE and BTDR
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer