CLSK vs. COIN
CLSK (CleanSpark, Inc.) and COIN (Coinbase Global, Inc.) are both stocks. Both are in the Financial Services sector — CLSK in Capital Markets, COIN in Financial Data & Stock Exchanges. Over the past 5 years, CLSK returned 0.32%/yr vs -6.43%/yr for COIN. A 0.69 correlation means they provide meaningful diversification when combined.
Performance
CLSK vs. COIN - Performance Comparison
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Returns By Period
In the year-to-date period, CLSK achieves a 65.81% return, which is significantly higher than COIN's -27.42% return.
CLSK
- 1D
- -4.71%
- 1M
- 25.13%
- YTD
- 65.81%
- 6M
- 11.64%
- 1Y
- 76.08%
- 3Y*
- 62.37%
- 5Y*
- 0.32%
- 10Y*
- -5.95%
COIN
- 1D
- 0.56%
- 1M
- -17.00%
- YTD
- -27.42%
- 6M
- -40.11%
- 1Y
- -35.89%
- 3Y*
- 40.88%
- 5Y*
- -6.43%
- 10Y*
- —
CLSK vs. COIN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CLSK CleanSpark, Inc. | 65.81% | 9.88% | -16.50% | 440.69% | -78.57% | -55.37% |
COIN Coinbase Global, Inc. | -27.42% | -8.92% | 42.77% | 391.44% | -85.98% | -23.12% |
Correlation
The correlation between CLSK and COIN is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2021 | 0.69 |
The correlation between CLSK and COIN has been stable across timeframes, ranging from 0.60 to 0.70 - a consistent structural relationship.
Fundamentals
CLSK:
-$2.24
COIN:
$2.90
CLSK:
5.07
COIN:
7.79
CLSK:
$739.88M
COIN:
$5.81B
CLSK:
$306.93M
COIN:
$4.65B
CLSK:
-$103.41M
COIN:
$1.68B
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Return for Risk
CLSK vs. COIN — Risk / Return Rank
CLSK
COIN
CLSK vs. COIN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CleanSpark, Inc. (CLSK) and Coinbase Global, Inc. (COIN). 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 | COIN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.38 | ||
| Sortino ratioReturn per unit of downside risk | +2.12 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 0.95 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.18 | -0.54 | +1.72 |
| Martin ratioReturn relative to average drawdown | 1.97 | -0.90 | +2.88 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CLSK | COIN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.87 | -0.51 | +1.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.00 | -0.08 | +0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.03 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.03 | -0.15 | +0.12 |
Drawdowns
CLSK vs. COIN - Drawdown Comparison
The maximum CLSK drawdown since its inception was -98.56%, which is greater than COIN's maximum drawdown of -90.90%. Use the drawdown chart below to compare losses from any high point for CLSK and COIN.
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Drawdown Indicators
| CLSK | COIN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.56% | -90.90% | -7.66% |
Max Drawdown (1Y)Largest decline over 1 year | -64.74% | -66.39% | +1.65% |
Max Drawdown (3Y)Largest decline over 3 years | -71.28% | -66.39% | -4.89% |
Max Drawdown (5Y)Largest decline over 5 years | -92.00% | -90.90% | -1.10% |
Max Drawdown (10Y)Largest decline over 10 years | -98.56% | — | — |
Current DrawdownCurrent decline from peak | -77.01% | -60.90% | -16.11% |
Average DrawdownAverage peak-to-trough decline | -69.49% | -49.84% | -19.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 38.67% | 39.86% | -1.19% |
Volatility
CLSK vs. COIN - Volatility Comparison
CleanSpark, Inc. (CLSK) has a higher volatility of 21.14% compared to Coinbase Global, Inc. (COIN) at 19.12%. This indicates that CLSK's price experiences larger fluctuations and is considered to be riskier than COIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CLSK | COIN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.14% | 19.12% | +2.02% |
Volatility (6M)Calculated over the trailing 6-month period | 62.43% | 50.97% | +11.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 88.30% | 70.03% | +18.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 100.73% | 85.85% | +14.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 183.19% | 85.36% | +97.83% |
Dividends
CLSK vs. COIN - Dividend Comparison
Neither CLSK nor COIN has paid dividends to shareholders.
Financials
CLSK vs. COIN - Financials Comparison
This section allows you to compare key financial metrics between CleanSpark, Inc. and Coinbase Global, 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 COIN have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CLSK has higher volatility (21.14%) compared to COIN (19.12%). In terms of maximum drawdown, CLSK dropped -98.56% vs COIN's -90.90%.
CLSK currently has the higher Sharpe Ratio (0.87 vs -0.51), 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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