CLSK vs. BTC-USD
CLSK (CleanSpark, Inc.) is a stock, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 10 years, CLSK returned -5.39%/yr vs 57.69%/yr for BTC-USD. At a 0.27 correlation, their price movements are largely independent.
Performance
CLSK vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, CLSK achieves a 70.36% return, which is significantly higher than BTC-USD's -27.46% return. Over the past 10 years, CLSK has underperformed BTC-USD with an annualized return of -5.39%, while BTC-USD has yielded a comparatively higher 57.69% annualized return.
CLSK
- 1D
- 2.74%
- 1M
- 11.95%
- YTD
- 70.36%
- 6M
- 43.31%
- 1Y
- 87.80%
- 3Y*
- 64.40%
- 5Y*
- -1.62%
- 10Y*
- -5.39%
BTC-USD
- 1D
- 0.94%
- 1M
- -18.08%
- YTD
- -27.46%
- 6M
- -27.95%
- 1Y
- -39.36%
- 3Y*
- 30.86%
- 5Y*
- 12.27%
- 10Y*
- 57.69%
CLSK vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CLSK CleanSpark, Inc. | 70.36% | 9.88% | -16.50% | 440.69% | -78.57% | -67.23% | 442.99% | -73.90% | -15.98% | -30.29% |
BTC-USD Bitcoin | -27.46% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
Correlation
The correlation between CLSK and BTC-USD is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Jan 29, 2016 | 0.27 |
The correlation between CLSK and BTC-USD shifts across timeframes, from 0.27 (10 years) to 0.48 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
CLSK vs. BTC-USD — Risk / Return Rank
CLSK
BTC-USD
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.
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.
| CLSK | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.92 | ||
| Sortino ratioReturn per unit of downside risk | +3.08 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 0.87 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 1.36 | -0.77 | +2.13 |
| Martin ratioReturn relative to average drawdown | 2.25 | -1.31 | +3.57 |
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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.
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Drawdown Indicators
| CLSK | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.56% | -85.30% | -13.26% |
Max Drawdown (1Y)Largest decline over 1 year | -64.74% | -51.21% | -13.53% |
Max Drawdown (3Y)Largest decline over 3 years | -71.28% | -51.21% | -20.07% |
Max Drawdown (5Y)Largest decline over 5 years | -92.00% | -76.67% | -15.33% |
Max Drawdown (10Y)Largest decline over 10 years | -98.56% | -83.80% | -14.76% |
Current DrawdownCurrent decline from peak | -76.38% | -49.11% | -27.27% |
Average DrawdownAverage peak-to-trough decline | -69.76% | -42.42% | -27.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 39.08% | 31.19% | +7.89% |
Volatility
CLSK vs. BTC-USD - Volatility Comparison
CleanSpark, Inc. (CLSK) has a higher volatility of 21.00% compared to Bitcoin (BTC-USD) at 12.35%. 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.
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Volatility by Period
| CLSK | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.00% | 12.35% | +8.65% |
Volatility (6M)Calculated over the trailing 6-month period | 60.47% | 34.49% | +25.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 88.44% | 35.67% | +52.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 100.77% | 44.48% | +56.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 183.24% | 56.51% | +126.73% |
Frequently Asked Questions
CLSK and BTC-USD have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CLSK has higher volatility (21.00%) compared to BTC-USD (12.35%). In terms of maximum drawdown, CLSK dropped -98.56% vs BTC-USD's -85.30%.
CLSK currently has the higher Sharpe Ratio (1.00 vs -0.92), 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.
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