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 8.03%/yr vs 1.04%/yr for BTDR. Their 0.24 correlation means their historical movements had little consistent relationship.
Performance
WVE vs. BTDR - Performance Comparison
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Returns By Period
In the year-to-date period, WVE achieves a -67.59% return, which is significantly lower than BTDR's -6.16% return.
WVE
- 1D
- -4.34%
- 1M
- -11.98%
- 6M
- -57.42%
- YTD
- -67.59%
- 1Y
- -36.15%
- 3Y*
- 8.03%
- 5Y*
- 0.00%
- 10Y*
- -11.28%
- ALL TIME*
- -10.00%
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 | |
| $12.78M | $14.44M | $20.78M |
WVE vs. BTDR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
WVE Wave Life Sciences Ltd. | -67.59% | 37.43% | 144.95% | 8.60% |
BTDR Bitdeer Technologies Group Class A Ordinary Shares | -6.16% | -48.27% | 119.78% | 20.10% |
Correlation
The correlation between WVE and BTDR is 0.27, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.27 |
Correlation (3Y) Balances recent behavior with more history. | 0.25 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2023 | 0.24 |
Fundamentals
WVE:
$1.06B
BTDR:
$2.46B
WVE:
-$1.08
BTDR:
-$2.13
WVE:
15.81
BTDR:
3.37
WVE:
2.46
BTDR:
3.36
WVE:
$65.37M
BTDR:
$739.06M
WVE:
$22.59M
BTDR:
$25.18M
WVE:
-$200.12M
BTDR:
$59.65M
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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 | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.06 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.43 | -0.26 | -0.18 |
| Martin ratioReturn relative to average drawdown | -0.68 | -0.40 | -0.28 |
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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.
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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 | -74.14% | -71.89% | -2.25% |
Max Drawdown (3Y)Largest decline over 3 years | -74.14% | -79.52% | +5.38% |
Max Drawdown (5Y)Largest decline over 5 years | -81.08% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -97.77% | — | — |
Current DrawdownCurrent decline from peak | -90.02% | -59.69% | -30.33% |
Average DrawdownAverage peak-to-trough decline | -65.12% | -43.75% | -21.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 47.26% | 45.88% | +1.38% |
Volatility
WVE vs. BTDR - Volatility Comparison
The current volatility for Wave Life Sciences Ltd. (WVE) is 12.84%, while Bitdeer Technologies Group Class A Ordinary Shares (BTDR) has a volatility of 41.08%. 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.
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Volatility by Period
| WVE | BTDR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.84% | 41.08% | -28.24% |
Volatility (6M)Calculated over the trailing 6-month period | 77.83% | 75.95% | +1.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 168.16% | 106.42% | +61.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 114.49% | 123.24% | -8.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 98.68% | 123.24% | -24.56% |
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
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 (41.08%) compared to WVE (12.84%). In terms of maximum drawdown, WVE dropped -97.77% vs BTDR's -79.52%.
BTDR currently has the higher Sharpe Ratio (-0.17 vs -0.19), 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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