CLSK vs. BW
CLSK (CleanSpark, Inc.) and BW (Babcock & Wilcox Enterprises, Inc.) are both stocks. CLSK operates in Capital Markets (Financial Services), while BW operates in Specialty Industrial Machinery (Industrials). Over the past 10 years, CLSK returned -8.20%/yr vs -24.18%/yr for BW. Their 0.24 correlation means their historical movements had little consistent relationship.
Performance
CLSK vs. BW - Performance Comparison
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Returns By Period
In the year-to-date period, CLSK achieves a 38.59% return, which is significantly lower than BW's 52.11% return. Over the past 10 years, CLSK has outperformed BW with an annualized return of -8.20%, while BW has yielded a comparatively lower -24.18% annualized return.
CLSK
- 1D
- -3.41%
- 1M
- -14.12%
- 6M
- 12.74%
- YTD
- 38.59%
- 1Y
- 18.65%
- 3Y*
- 33.01%
- 5Y*
- -0.02%
- 10Y*
- -8.20%
- ALL TIME*
- -8.35%
BW
- 1D
- -2.29%
- 1M
- -34.95%
- 6M
- -4.23%
- YTD
- 52.11%
- 1Y
- 827.27%
- 3Y*
- 21.78%
- 5Y*
- 6.11%
- 10Y*
- -24.18%
- ALL TIME*
- -23.78%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $30.42M | $38.78M | $59.56M | |
CLSK CleanSpark, Inc. | $423.86M | $317.14M | $344.43M |
CLSK vs. BW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CLSK CleanSpark, Inc. | 38.59% | 9.88% | -16.50% | 440.69% | -78.57% | -67.23% | 442.99% | -73.90% | -15.98% | -30.29% |
BW Babcock & Wilcox Enterprises, Inc. | 52.11% | 286.59% | 12.33% | -74.70% | -36.03% | 156.98% | -3.57% | -6.76% | -93.13% | -65.76% |
Correlation
The correlation between CLSK and BW is 0.38, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.38 |
Correlation (3Y) Balances recent behavior with more history. | 0.34 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.38 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.24 |
Correlation (All Time) Calculated using the full available price history since Jan 29, 2016 | 0.24 |
The correlation between CLSK and BW shifts across timeframes, from 0.24 (all time) to 0.38 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
CLSK:
$3.60B
BW:
$1.08B
CLSK:
-$2.64
BW:
-$0.79
CLSK:
3.59
BW:
1.68
CLSK:
$739.88M
BW:
$668.48M
CLSK:
$306.93M
BW:
$121.68M
CLSK:
-$103.41M
BW:
-$41.40M
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Return for Risk
CLSK vs. BW — Risk / Return Rank
CLSK
BW
CLSK vs. BW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CleanSpark, Inc. (CLSK) and Babcock & Wilcox Enterprises, Inc. (BW). 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 | BW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -6.28 | ||
| Sortino ratioReturn per unit of downside risk | -3.42 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.52 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | 0.29 | 14.96 | -14.67 |
| Martin ratioReturn relative to average drawdown | 0.46 | 44.27 | -43.81 |
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Drawdowns
CLSK vs. BW - Drawdown Comparison
The maximum CLSK drawdown since its inception was -98.56%, roughly equal to the maximum BW drawdown of -99.89%. Use the drawdown chart below to compare losses from any high point for CLSK and BW.
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Drawdown Indicators
| CLSK | BW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.56% | -99.89% | +1.33% |
Max Drawdown (1Y)Largest decline over 1 year | -64.74% | -55.86% | -8.88% |
Max Drawdown (3Y)Largest decline over 3 years | -71.28% | -95.33% | +24.05% |
Max Drawdown (5Y)Largest decline over 5 years | -92.00% | -97.39% | +5.39% |
Max Drawdown (10Y)Largest decline over 10 years | -98.56% | -99.85% | +1.29% |
Current DrawdownCurrent decline from peak | -80.79% | -95.92% | +15.13% |
Average DrawdownAverage peak-to-trough decline | -69.86% | -82.92% | +13.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 40.52% | 18.84% | +21.68% |
Volatility
CLSK vs. BW - Volatility Comparison
CleanSpark, Inc. (CLSK) has a higher volatility of 27.14% compared to Babcock & Wilcox Enterprises, Inc. (BW) at 23.67%. This indicates that CLSK's price experiences larger fluctuations and is considered to be riskier than BW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CLSK | BW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 27.14% | 23.67% | +3.47% |
Volatility (6M)Calculated over the trailing 6-month period | 62.40% | 86.65% | -24.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 89.47% | 129.02% | -39.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 101.14% | 110.72% | -9.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 183.45% | 108.43% | +75.02% |
Dividends
CLSK vs. BW - Dividend Comparison
CLSK has not paid dividends to shareholders, while BW's dividend yield for the trailing twelve months is around 4.32%.
| Position | TTM |
|---|---|
BW Babcock & Wilcox Enterprises, Inc. | 4.32% |
CLSK CleanSpark, Inc. | 0.00% |
Financials
CLSK vs. BW - Financials Comparison
This section allows you to compare key financial metrics between CleanSpark, Inc. and Babcock & Wilcox Enterprises, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
CLSK and BW have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CLSK has higher volatility (27.14%) compared to BW (23.67%). In terms of maximum drawdown, CLSK dropped -98.56% vs BW's -99.89%.
BW currently has the higher Sharpe Ratio (6.49 vs 0.21), 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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