BTDR vs RIOT: Correlation
Measured on weekly returns over the past three years, Bitdeer Technologies Group (BTDR) and Riot Platforms, Inc. (RIOT) carry a correlation of 0.55, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BTDR and RIOT?
Across a 3-year window, the weekly returns of BTDR and RIOT correlate at 0.55, moderate. The relationship has been stable: the 1-year correlation (0.63) sits close to the 3-year figure. Stretching to 5 years gives 0.27, with an annualized covariance of 4988.6 %².
Few assets follow BTDR as closely as RIOT, which ranks #3 of 12 tracked partners. Their recent paths diverged sharply: over the last 12 months RIOT outperformed by 70.5 percentage points (-16.4% for BTDR against +54.1% for RIOT).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
BTDR vs RIOT: side by side
| BTDR (Bitdeer Technologies Group) | RIOT (Riot Platforms, Inc.) | |
|---|---|---|
| 1-year return | -16.4% | +54.1% |
| 5-year return | +14.6% | -44.6% |
| Volatility (ann.) | 110.8% | 82.3% |
| Beta vs S&P 500 | 2.58 | 2.40 |
| Max drawdown (3Y) | -79.1% | -66.2% |
| Market cap | $3.1B | $7.8B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BTDR | RIOT |
|---|---|---|
| 2022 | +4.6% | -84.8% |
| 2023 | -5.4% | +356.3% |
| 2024 | +119.8% | -34.0% |
| 2025 | -48.3% | +24.1% |
| 2026 | +1.1% | +64.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BTDR and RIOT good diversifiers for each other?
To a limited degree. At 0.55 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between BTDR and RIOT?
As of 2026-08-27, the correlation of weekly returns between BTDR and RIOT is 0.55 over 3 years, 0.63 over 1 year and 0.27 over 5 years.
Is RIOT a good diversifier for BTDR?
To a limited degree. At 0.55 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.55 mean?
On the −1 to +1 scale, 0.55 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/btdr-vs-riot.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/btdr-vs-riot/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BTDR correlations · RIOT correlations
