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CLSK vs. BTC-USD
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

Correlation

The correlation between CLSK and BTC-USD is 0.25, 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.


-0.50.00.51.00.2

Performance

CLSK vs. BTC-USD - Performance Comparison

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

-60.00%-40.00%-20.00%0.00%20.00%40.00%60.00%JulyAugustSeptemberOctoberNovemberDecember
-36.54%
62.94%
CLSK
BTC-USD

Key characteristics

Sharpe Ratio

CLSK:

0.14

BTC-USD:

1.70

Sortino Ratio

CLSK:

1.17

BTC-USD:

2.42

Omega Ratio

CLSK:

1.13

BTC-USD:

1.24

Calmar Ratio

CLSK:

0.18

BTC-USD:

1.54

Martin Ratio

CLSK:

0.42

BTC-USD:

7.64

Ulcer Index

CLSK:

38.19%

BTC-USD:

11.26%

Daily Std Dev

CLSK:

116.74%

BTC-USD:

44.11%

Max Drawdown

CLSK:

-98.56%

BTC-USD:

-93.07%

Current Drawdown

CLSK:

-82.96%

BTC-USD:

0.00%

Returns By Period

In the year-to-date period, CLSK achieves a 12.06% return, which is significantly lower than BTC-USD's 151.13% return.


CLSK

YTD

12.06%

1M

-11.90%

6M

-36.55%

1Y

14.02%

5Y (annualized)

17.37%

10Y (annualized)

N/A

BTC-USD

YTD

151.13%

1M

18.14%

6M

62.94%

1Y

149.02%

5Y (annualized)

71.27%

10Y (annualized)

78.13%

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Risk-Adjusted Performance

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

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


Sharpe ratio
The chart of Sharpe ratio for CLSK, currently valued at -0.26, compared to the broader market-4.00-2.000.002.00-0.261.70
The chart of Sortino ratio for CLSK, currently valued at 0.31, compared to the broader market-4.00-2.000.002.004.000.312.42
The chart of Omega ratio for CLSK, currently valued at 1.03, compared to the broader market0.501.001.502.001.031.24
The chart of Calmar ratio for CLSK, currently valued at 0.18, compared to the broader market0.002.004.006.000.181.54
The chart of Martin ratio for CLSK, currently valued at -0.75, compared to the broader market-10.000.0010.0020.0030.00-0.757.64
CLSK
BTC-USD

The current CLSK Sharpe Ratio is 0.14, which is lower than the BTC-USD Sharpe Ratio of 1.70. The chart below compares the historical Sharpe Ratios of CLSK and BTC-USD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.002.004.006.008.00JulyAugustSeptemberOctoberNovemberDecember
-0.26
1.70
CLSK
BTC-USD

Drawdowns

CLSK vs. BTC-USD - Drawdown Comparison

The maximum CLSK drawdown since its inception was -98.56%, which is greater than BTC-USD's maximum drawdown of -93.07%. Use the drawdown chart below to compare losses from any high point for CLSK and BTC-USD. For additional features, visit the drawdowns tool.


-80.00%-60.00%-40.00%-20.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-82.96%
0
CLSK
BTC-USD

Volatility

CLSK vs. BTC-USD - Volatility Comparison

CleanSpark, Inc. (CLSK) has a higher volatility of 29.81% compared to Bitcoin (BTC-USD) at 12.45%. This indicates that CLSK's price experiences larger fluctuations and is considered to be riskier than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


10.00%20.00%30.00%40.00%50.00%JulyAugustSeptemberOctoberNovemberDecember
29.81%
12.45%
CLSK
BTC-USD
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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