BTC-USD vs. CLSK

Last updated Apr 4, 2026

Compare and contrast key facts about Bitcoin (BTC-USD) and CleanSpark, Inc. (CLSK).

Performance

BTC-USD vs. CLSK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bitcoin (BTC-USD) and CleanSpark, Inc. (CLSK). The values are adjusted to include any dividend payments, if applicable.

BTC-USD vs. CLSK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BTC-USD Bitcoin	-23.54%	-6.27%	120.76%	155.82%	-64.23%	59.40%	304.57%	94.10%	-73.37%	1,324.24%
CLSK CleanSpark, Inc.	-13.14%	9.88%	-16.50%	440.69%	-78.57%	-67.23%	442.99%	-73.90%	-15.98%	-30.29%

Returns By Period

In the year-to-date period, BTC-USD achieves a -23.54% return, which is significantly lower than CLSK's -13.14% return. Over the past 10 years, BTC-USD has outperformed CLSK with an annualized return of 65.95%, while CLSK has yielded a comparatively lower -11.55% annualized return.

BTC-USD

• 1D: 0.01%
• 1M: -7.96%
• YTD: -23.54%
• 6M: -45.31%
• 1Y: -19.57%
• 3Y*: 33.40%
• 5Y*: 2.82%
• 10Y*: 65.95%

CLSK

• 1D: 1.97%
• 1M: -17.54%
• YTD: -13.14%
• 6M: -44.86%
• 1Y: 18.62%
• 3Y*: 48.21%
• 5Y*: -17.49%
• 10Y*: -11.55%

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

Return for Risk

BTC-USD vs. CLSK — Risk / Return Rank

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

BTC-USD

BTC-USD Risk / Return Rank: 36
BTC-USD Sharpe Ratio Rank: 59
BTC-USD Sortino Ratio Rank: 53
BTC-USD Omega Ratio Rank: 50
BTC-USD Calmar Ratio Rank: 18
BTC-USD Martin Ratio Rank: 1

CLSK

CLSK Risk / Return Rank: 46
CLSK Sharpe Ratio Rank: 44
CLSK Sortino Ratio Rank: 50
CLSK Omega Ratio Rank: 46
CLSK Calmar Ratio Rank: 45
CLSK Martin Ratio Rank: 45

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.

BTC-USD vs. CLSK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bitcoin (BTC-USD) and CleanSpark, Inc. (CLSK). 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.

	BTC-USD	CLSK	Difference
Sharpe ratio Return per unit of total volatility	-0.44	0.11	-0.55
Sortino ratio Return per unit of downside risk	-0.38	0.84	-1.23
Omega ratio Gain probability vs. loss probability	0.96	1.10	-0.14
Calmar ratio Return relative to maximum drawdown	-1.12	0.25	-1.38
Martin ratio Return relative to average drawdown	-2.00	0.47	-2.47
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BTC-USD vs. CLSK - Sharpe Ratio Comparison

The current BTC-USD Sharpe Ratio is -0.44, which is lower than the CLSK Sharpe Ratio of 0.11. The chart below compares the historical Sharpe Ratios of BTC-USD and CLSK, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BTC-USD	CLSK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.44	0.11	-0.55
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.05	-0.17	+0.22
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.97	-0.06	+1.03
Sharpe Ratio (All Time) Calculated using the full available price history	1.19	-0.06	+1.25

Correlation

The correlation between BTC-USD and CLSK is 0.27, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Drawdowns

BTC-USD vs. CLSK - Drawdown Comparison

The maximum BTC-USD drawdown since its inception was -85.30%, smaller than the maximum CLSK drawdown of -98.56%. Use the drawdown chart below to compare losses from any high point for BTC-USD and CLSK.

Drawdown Indicators

	BTC-USD	CLSK	Difference
Max Drawdown Largest peak-to-trough decline	-85.30%	-98.56%	+13.26%
Max Drawdown (1Y) Largest decline over 1 year	-49.65%	-64.74%	+15.09%
Max Drawdown (5Y) Largest decline over 5 years	-76.67%	-92.22%	+15.55%
Max Drawdown (10Y) Largest decline over 10 years	-83.80%	-98.56%	+14.76%
Current Drawdown Current decline from peak	-46.36%	-87.96%	+41.60%
Average Drawdown Average peak-to-trough decline	-42.00%	-69.29%	+27.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	27.91%	34.43%	-6.52%

Volatility

BTC-USD vs. CLSK - Volatility Comparison

The current volatility for Bitcoin (BTC-USD) is 12.05%, while CleanSpark, Inc. (CLSK) has a volatility of 19.86%. This indicates that BTC-USD experiences smaller price fluctuations and is considered to be less risky than CLSK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BTC-USD	CLSK	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.05%	19.86%	-7.81%
Volatility (6M) Calculated over the trailing 6-month period	35.91%	70.99%	-35.08%
Volatility (1Y) Calculated over the trailing 1-year period	36.60%	90.56%	-53.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	46.89%	101.36%	-54.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	56.71%	184.23%	-127.52%