CIFR vs SPY

Comparison between Cipher Mining Inc (CIFR, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceCIFR has outperformed SPY, delivering a return of +15.4% compared to +13.7%

CIFR vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	CIFR(COMPANY)	SPY(ETF)
Market Cap / Net Assets	$8.61B	$735B
Expense Ratio	N/A	0.09%
Max Drawdown	97.16%	56.47%
Sharpe Ratio	2.22	1.88
5Y Beta	3.24	1.00
Industry	Information Technology Services	N/A
P/E Ratio	-9.56	28.46
Forward P/E	85.47	21.99
PEG Ratio	-0.02	N/A
5Y Dividends CAGR	N/A	5.43%
5Y EPS CAGR	N/A	25.20%
Debt to Equity	662.59%	33.33%
Free Cash Flow Yield	-12.62%	N/A
P/S Ratio	42.57	3.65
P/B Ratio	11.77	5.50

Market Cap / Net Assets

CIFR

$8.61B

Winner

SPY

$735B

Expense Ratio

CIFR

N/A

SPY

0.09%

Max Drawdown

CIFR

97.16%

Winner

SPY

56.47%

Sharpe Ratio

Winner

CIFR

2.22

SPY

1.88

5Y Beta

CIFR

3.24

Winner

SPY

1.00

Industry

CIFR

Information Technology Services

SPY

N/A

P/E Ratio

Winner

CIFR

-9.56

SPY

28.46

Forward P/E

CIFR

85.47

Winner

SPY

21.99

PEG Ratio

CIFR

-0.02

SPY

N/A

5Y Dividends CAGR

CIFR

N/A

SPY

5.43%

5Y EPS CAGR

CIFR

N/A

SPY

25.20%

Debt to Equity

CIFR

662.59%

Winner

SPY

33.33%

Free Cash Flow Yield

CIFR

-12.62%

SPY

N/A

P/S Ratio

CIFR

42.57

Winner

SPY

3.65

P/B Ratio

CIFR

11.77

Winner

SPY

5.50

CIFR vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	CIFR	SPY
1 month	+12.94%	+5.60%
3 months	+23.81%	+8.72%
6 months	+41.57%	+10.63%
1 year	+541.32%	+26.62%
5 years(CAGR)	+15.36%	+13.70%
10 years(CAGR)	N/A	+15.47%
Max(CAGR)	+14.37%	+8.50%

Winner

CIFR

+12.94%

SPY

+5.60%

Winner

CIFR

+23.81%

SPY

+8.72%

Winner

CIFR

+41.57%

SPY

+10.63%

Winner

CIFR

+541.32%

SPY

+26.62%

5Y(CAGR)

Winner

CIFR

+15.36%

SPY

+13.70%

10Y(CAGR)

CIFR

N/A

SPY

+15.47%

Max(CAGR)

Winner

CIFR

+14.37%

SPY

+8.50%

CIFR vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	CIFR	SPY
2026	+25.49%	+8.50%
2025	+205.59%	+18.00%
2024	+12.35%	+25.59%
2023	+545.62%	+26.72%
2022	-87.85%	-18.64%
2021	-53.61%	+30.52%
2020	+1.53%	+17.28%
2019	N/A	+31.09%
2018	N/A	-5.24%
2017	N/A	+20.78%
2016	N/A	+13.59%
2015	N/A	+1.31%
2014	N/A	+14.56%
2013	N/A	+29.00%
2012	N/A	+14.17%
2011	N/A	+0.85%
2010	N/A	+13.14%
2009	N/A	+22.67%
2008	N/A	-36.25%
2007	N/A	+5.32%
2006	N/A	+13.85%
2005	N/A	+5.32%
2004	N/A	+10.75%
2003	N/A	+24.18%
2002	N/A	-22.42%
2001	N/A	-10.13%
2000	N/A	-8.84%
1999	N/A	+8.61%

CIFR vs SPY Drawdown Comparison

The maximum drawdown for CIFR was -97.16%, occurring on Dec 28, 2022. Recovery took 1016 trading sessions.

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current CIFR drawdown is -17.73%. The current SPY drawdown is -1.20%.

Rank	CIFR	SPY
#1	-97.16% Sep 16, 2021 - Oct 3, 2025	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-51.38% Nov 5, 2025 - Mar 30, 2026	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-23.40% Oct 15, 2025 - Nov 3, 2025	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-21.54% Mar 11, 2021 - Sep 9, 2021	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-5.67% Oct 9, 2025 - Oct 13, 2025	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-5.50% Sep 13, 2021 - Sep 16, 2021	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	-4.21% Feb 19, 2021 - Mar 5, 2021	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	-1.63% Jan 25, 2021 - Feb 19, 2021	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	-1.13% Mar 9, 2021 - Mar 11, 2021	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	-1.10% Nov 3, 2025 - Nov 5, 2025	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	-1.08% Mar 5, 2021 - Mar 9, 2021	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	-0.50% Dec 28, 2020 - Jan 6, 2021	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	-0.49% Jan 12, 2021 - Jan 20, 2021	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	-0.30% Dec 18, 2020 - Dec 23, 2020	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	-0.10% Dec 11, 2020 - Dec 16, 2020	-7.27% Sep 18, 2014 - Oct 31, 2014