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 15.00%/yr vs 1.77%/yr for BTDR. At a 0.24 correlation, their price movements are largely independent.
Performance
WVE vs. BTDR - Performance Comparison
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Returns By Period
In the year-to-date period, WVE achieves a -63.24% return, which is significantly lower than BTDR's 18.55% return.
WVE
- 1D
- -0.95%
- 1M
- 6.47%
- 6M
- -54.84%
- YTD
- -63.24%
- 1Y
- -18.83%
- 3Y*
- 15.00%
- 5Y*
- -2.24%
- 10Y*
- -12.22%
BTDR
- 1D
- -7.26%
- 1M
- -25.46%
- 6M
- 15.46%
- YTD
- 18.55%
- 1Y
- 0.38%
- 3Y*
- 1.77%
- 5Y*
- —
- 10Y*
- —
WVE vs. BTDR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
WVE Wave Life Sciences Ltd. | -63.24% | 37.43% | 144.95% | 8.60% |
BTDR Bitdeer Technologies Group Class A Ordinary Shares | 18.55% | -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:
$1.20B
BTDR:
$3.10B
WVE:
-$1.00
BTDR:
-$2.13
WVE:
15.90
BTDR:
4.26
WVE:
2.44
BTDR:
4.25
WVE:
$71.80M
BTDR:
$739.06M
WVE:
$29.09M
BTDR:
$25.18M
WVE:
-$184.40M
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 | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.09 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.29 | 0.01 | -0.30 |
| Martin ratioReturn relative to average drawdown | -0.49 | 0.02 | -0.51 |
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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 | -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 | -82.72% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -97.77% | — | — |
Current DrawdownCurrent decline from peak | -88.68% | -49.08% | -39.60% |
Average DrawdownAverage peak-to-trough decline | -64.99% | -43.51% | -21.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 43.81% | 43.99% | -0.18% |
Volatility
WVE vs. BTDR - Volatility Comparison
The current volatility for Wave Life Sciences Ltd. (WVE) is 12.49%, while Bitdeer Technologies Group Class A Ordinary Shares (BTDR) has a volatility of 27.77%. 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 | 12.49% | 27.77% | -15.28% |
Volatility (6M)Calculated over the trailing 6-month period | 77.99% | 70.78% | +7.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 168.33% | 101.27% | +67.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 114.67% | 122.74% | -8.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 98.93% | 122.74% | -23.81% |
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 Jul 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 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%.
WVE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 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 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%.
WVE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 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 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
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 (27.77%) compared to WVE (12.49%). In terms of maximum drawdown, WVE dropped -97.77% vs BTDR's -79.52%.
BTDR currently has the higher Sharpe Ratio (0.01 vs -0.13), 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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