CIFR vs RIOT: Correlation
Cipher Digital Inc. (CIFR) and Riot Platforms, Inc. (RIOT) show a strong relationship: their 3-year correlation of weekly returns is 0.76.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CIFR and RIOT?
On 3 years of weekly data the CIFR/RIOT correlation comes out at 0.76, strong. The relationship has been stable: the 1-year correlation (0.76) sits close to the 3-year figure. The 5-year figure is 0.73, and annualized covariance runs at 7147.9 %².
In CIFR's tracked universe of 18 assets, RIOT sits right near the top at #2. Correlation aside, the last 12 months split them widely, with CIFR ahead by 85.8 points (+139.9% versus +54.1%).
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.
CIFR vs RIOT: side by side
| CIFR (Cipher Digital Inc.) | RIOT (Riot Platforms, Inc.) | |
|---|---|---|
| 1-year return | +139.9% | +54.1% |
| 5-year return | +63.3% | -44.6% |
| Volatility (ann.) | 114.3% | 82.3% |
| Beta vs S&P 500 | 2.86 | 2.40 |
| Max drawdown (3Y) | -71.7% | -66.2% |
| Market cap | $7.0B | $7.8B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CIFR | RIOT |
|---|---|---|
| 2022 | -87.9% | -84.8% |
| 2023 | +637.5% | +356.3% |
| 2024 | +12.3% | -34.0% |
| 2025 | +218.1% | +24.1% |
| 2026 | +13.6% | +64.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CIFR and RIOT good diversifiers for each other?
Somewhat, no more. With 0.76 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CIFR and RIOT?
Using weekly returns as of 2026-08-27: 0.76 over 3 years, with 0.76 over the last year and 0.73 over 5 years.
Is RIOT a good diversifier for CIFR?
Somewhat, no more. With 0.76 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.76 mean?
A reading of 0.76 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cifr-vs-riot.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cifr-vs-riot/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CIFR correlations · RIOT correlations
