BE vs. HUT

Last updated Jul 21, 2026

BE (Bloom Energy Corporation) and HUT (Hut 8 Corp.) are both stocks. BE operates in Electrical Equipment & Parts (Industrials), while HUT operates in Capital Markets (Financial Services). Over the past 5 years, BE returned 54.27%/yr vs 36.76%/yr for HUT. At a 0.37 correlation, their price movements are largely independent.

Performance

BE vs. HUT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bloom Energy Corporation (BE) and Hut 8 Corp. (HUT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BE achieves a 126.79% return, which is significantly higher than HUT's 119.70% return.

BE

• 1D: -8.33%
• 1M: -40.09%
• 6M: 31.81%
• YTD: 126.79%
• 1Y: 688.56%
• 3Y*: 123.84%
• 5Y*: 54.27%
• 10Y*: —
• ALL TIME*: 34.30%

HUT

• 1D: 10.37%
• 1M: -18.89%
• 6M: 69.20%
• YTD: 119.70%
• 1Y: 366.84%
• 3Y*: 77.17%
• 5Y*: 36.76%
• 10Y*: —
• ALL TIME*: 22.96%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BE vs. HUT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
BE Bloom Energy Corporation	126.79%	291.22%	50.07%	-22.59%	-12.81%	-23.48%	283.67%	-25.15%	-46.63%
HUT Hut 8 Corp.	119.70%	124.21%	53.60%	213.88%	-89.17%	185.45%	250.63%	-25.02%	-58.33%

Correlation

The correlation between BE and HUT is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (3Y) Calculated over the trailing 3-year period	0.44
Correlation (5Y) Calculated over the trailing 5-year period	0.47
Correlation (All Time) Calculated using the full available price history since Jul 25, 2018	0.37

Fundamentals

Market Cap BE : $56.05B HUT : $11.36B
EPS BE : $0.02 HUT : -$2.77
PB Ratio BE : 68.37 HUT : 8.12
Total Revenue (TTM) BE : $2.45B HUT : -$40.96M
Gross Profit (TTM) BE : $761.91M HUT : -$132.19M
EBITDA (TTM) BE : $88.83M HUT : -$306.16M

Return for Risk

BE vs. HUT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BE

BE Risk / Return Rank: 98
BE Sharpe Ratio Rank: 100
BE Sortino Ratio Rank: 97
BE Omega Ratio Rank: 96
BE Calmar Ratio Rank: 99
BE Martin Ratio Rank: 99

HUT

HUT Risk / Return Rank: 96
HUT Sharpe Ratio Rank: 98
HUT Sortino Ratio Rank: 94
HUT Omega Ratio Rank: 92
HUT Calmar Ratio Rank: 98
HUT Martin Ratio Rank: 98

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BE vs. HUT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bloom Energy Corporation (BE) and Hut 8 Corp. (HUT). 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.

	BE	HUT	Difference
Sharpe ratio: Return per unit of total volatility	6.25	3.56	+2.69
Sortino ratio: Return per unit of downside risk	4.01	3.25	+0.76
Omega ratio: Gain probability vs. loss probability	1.50	1.40	+0.10
Calmar ratio: Return relative to maximum drawdown	15.13	9.57	+5.56
Martin ratio: Return relative to average drawdown	42.66	24.19	+18.47

BE vs. HUT - Sharpe Ratio Comparison

The current BE Sharpe Ratio is 6.25, which is higher than the HUT Sharpe Ratio of 3.56. The chart below compares the historical Sharpe Ratios of BE and HUT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BE vs. HUT - Drawdown Comparison

The maximum BE drawdown since its inception was -92.54%, roughly equal to the maximum HUT drawdown of -95.04%. Use the drawdown chart below to compare losses from any high point for BE and HUT.

Drawdown Indicators

	BE	HUT	Difference
Max Drawdown Largest peak-to-trough decline	-92.54%	-95.04%	+2.50%
Max Drawdown (1Y) Largest decline over 1 year	-45.94%	-38.62%	-7.32%
Max Drawdown (3Y) Largest decline over 3 years	-52.04%	-65.12%	+13.08%
Max Drawdown (5Y) Largest decline over 5 years	-75.87%	-95.04%	+19.17%
Current Drawdown Current decline from peak	-43.02%	-24.12%	-18.90%
Average Drawdown Average peak-to-trough decline	-51.53%	-63.02%	+11.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.26%	15.25%	+1.01%

Volatility

BE vs. HUT - Volatility Comparison

Bloom Energy Corporation (BE) has a higher volatility of 39.14% compared to Hut 8 Corp. (HUT) at 26.62%. This indicates that BE's price experiences larger fluctuations and is considered to be riskier than HUT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BE	HUT	Difference
Volatility (1M) Calculated over the trailing 1-month period	39.14%	26.62%	+12.52%
Volatility (6M) Calculated over the trailing 6-month period	79.10%	73.18%	+5.92%
Volatility (1Y) Calculated over the trailing 1-year period	111.48%	104.20%	+7.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	87.44%	105.60%	-18.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	96.09%	114.45%	-18.36%

Dividends

BE vs. HUT - Dividend Comparison

Neither BE nor HUT has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both BE and HUT in my portfolio?

BE and HUT have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BE or HUT?

BE has higher volatility (39.14%) compared to HUT (26.62%). In terms of maximum drawdown, BE dropped -92.54% vs HUT's -95.04%.

Which has better risk-adjusted returns?

BE currently has the higher Sharpe Ratio (6.25 vs 3.56), 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.