CLSK vs. BTC-USD

Last updated Apr 2, 2026

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

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.

CLSK vs. BTC-USD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CLSK CleanSpark, Inc.	-14.82%	9.88%	-16.50%	440.69%	-78.57%	-67.23%	442.99%	-73.90%	-15.98%	-30.29%
BTC-USD Bitcoin	-21.63%	-6.27%	120.76%	155.82%	-64.23%	59.40%	304.57%	94.10%	-73.37%	1,324.24%

Returns By Period

In the year-to-date period, CLSK achieves a -14.82% return, which is significantly higher than BTC-USD's -21.63% return. Over the past 10 years, CLSK has underperformed BTC-USD with an annualized return of -11.72%, while BTC-USD has yielded a comparatively higher 66.45% annualized return.

CLSK

• 1D: 1.29%
• 1M: -18.29%
• YTD: -14.82%
• 6M: -40.92%
• 1Y: 14.02%
• 3Y*: 45.82%
• 5Y*: -17.81%
• 10Y*: -11.72%

BTC-USD

• 1D: 0.51%
• 1M: -0.38%
• YTD: -21.63%
• 6M: -42.21%
• 1Y: -19.49%
• 3Y*: 34.49%
• 5Y*: 3.06%
• 10Y*: 66.45%

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

Return for Risk

CLSK vs. BTC-USD — Risk / Return Rank

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

CLSK

CLSK Risk / Return Rank: 50
CLSK Sharpe Ratio Rank: 47
CLSK Sortino Ratio Rank: 52
CLSK Omega Ratio Rank: 49
CLSK Calmar Ratio Rank: 52
CLSK Martin Ratio Rank: 50

BTC-USD

BTC-USD Risk / Return Rank: 43
BTC-USD Sharpe Ratio Rank: 61
BTC-USD Sortino Ratio Rank: 55
BTC-USD Omega Ratio Rank: 51
BTC-USD Calmar Ratio Rank: 43
BTC-USD Martin Ratio Rank: 4

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.

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

	CLSK	BTC-USD	Difference
Sharpe ratio Return per unit of total volatility	0.16	-0.44	+0.60
Sortino ratio Return per unit of downside risk	0.92	-0.38	+1.29
Omega ratio Gain probability vs. loss probability	1.10	0.96	+0.14
Calmar ratio Return relative to maximum drawdown	0.44	-1.11	+1.54
Martin ratio Return relative to average drawdown	0.83	-1.99	+2.82
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CLSK vs. BTC-USD - Sharpe Ratio Comparison

The current CLSK Sharpe Ratio is 0.16, which is higher than the BTC-USD Sharpe Ratio of -0.44. 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.

Sharpe Ratios by Period

	CLSK	BTC-USD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.16	-0.44	+0.60
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.18	0.05	-0.23
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.06	0.97	-1.04
Sharpe Ratio (All Time) Calculated using the full available price history	-0.06	1.19	-1.25

Correlation

The correlation between CLSK and BTC-USD 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

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 -85.30%. Use the drawdown chart below to compare losses from any high point for CLSK and BTC-USD.

Drawdown Indicators

	CLSK	BTC-USD	Difference
Max Drawdown Largest peak-to-trough decline	-98.56%	-85.30%	-13.26%
Max Drawdown (1Y) Largest decline over 1 year	-64.74%	-49.65%	-15.09%
Max Drawdown (5Y) Largest decline over 5 years	-92.25%	-76.67%	-15.58%
Max Drawdown (10Y) Largest decline over 10 years	-98.56%	-83.80%	-14.76%
Current Drawdown Current decline from peak	-88.19%	-45.02%	-43.17%
Average Drawdown Average peak-to-trough decline	-69.28%	-41.99%	-27.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	34.21%	27.60%	+6.61%

Volatility

CLSK vs. BTC-USD - Volatility Comparison

CleanSpark, Inc. (CLSK) has a higher volatility of 21.41% compared to Bitcoin (BTC-USD) at 13.58%. 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.

Volatility by Period

	CLSK	BTC-USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.41%	13.58%	+7.83%
Volatility (6M) Calculated over the trailing 6-month period	70.96%	35.98%	+34.98%
Volatility (1Y) Calculated over the trailing 1-year period	91.38%	36.76%	+54.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	101.40%	46.90%	+54.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	184.27%	56.70%	+127.57%