CLSK vs. HUT
CLSK (CleanSpark, Inc.) and HUT (Hut 8 Corp.) are both stocks. Both operate in the Capital Markets industry within the Financial Services sector. Over the past 5 years, CLSK returned 1.50%/yr vs 35.56%/yr for HUT. Their 0.47 correlation means their historical movements had little consistent relationship.
Performance
CLSK vs. HUT - Performance Comparison
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Returns By Period
In the year-to-date period, CLSK achieves a 43.68% return, which is significantly lower than HUT's 135.68% return.
CLSK
- 1D
- 21.07%
- 1M
- -0.07%
- 6M
- 15.49%
- YTD
- 43.68%
- 1Y
- 27.32%
- 3Y*
- 34.24%
- 5Y*
- 1.50%
- 10Y*
- -7.87%
- ALL TIME*
- -8.03%
HUT
- 1D
- 22.78%
- 1M
- -6.22%
- 6M
- 75.96%
- YTD
- 135.68%
- 1Y
- 446.27%
- 3Y*
- 82.54%
- 5Y*
- 35.56%
- 10Y*
- —
- ALL TIME*
- 23.91%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
CLSK CleanSpark, Inc. | $329.99M | $326.62M | $349.79M |
HUT Hut 8 Corp. | $518.07M | $453.86M | $513.78M |
CLSK vs. HUT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
CLSK CleanSpark, Inc. | 43.68% | 9.88% | -16.50% | 440.69% | -78.57% | -67.23% | 442.99% | -73.90% | 28.93% |
HUT Hut 8 Corp. | 135.68% | 124.21% | 53.60% | 213.88% | -89.17% | 185.45% | 250.63% | -25.02% | -70.80% |
Correlation
The correlation between CLSK and HUT is 0.72, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.72 |
Correlation (3Y) Balances recent behavior with more history. | 0.73 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.73 |
Correlation (All Time) Calculated using the full available price history since Mar 8, 2018 | 0.47 |
Over the past year, CLSK and HUT have become more correlated (0.72) than their long-term average of 0.47, meaning their price movements have been converging.
Fundamentals
CLSK:
$3.73B
HUT:
$12.19B
CLSK:
-$2.64
HUT:
-$2.77
CLSK:
$739.88M
HUT:
-$40.96M
CLSK:
$306.93M
HUT:
-$132.19M
CLSK:
-$103.41M
HUT:
-$306.16M
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Return for Risk
CLSK vs. HUT — Risk / Return Rank
CLSK
HUT
CLSK vs. HUT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CleanSpark, Inc. (CLSK) and Hut 8 Corp. (HUT). 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 | HUT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.88 | ||
| Sortino ratioReturn per unit of downside risk | -2.36 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.42 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 0.42 | 11.65 | -11.23 |
| Martin ratioReturn relative to average drawdown | 0.68 | 28.67 | -27.99 |
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Drawdowns
CLSK vs. HUT - Drawdown Comparison
The maximum CLSK drawdown since its inception was -98.56%, roughly equal to the maximum HUT drawdown of -95.04%. Use the drawdown chart below to compare losses from any high point for CLSK and HUT.
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Drawdown Indicators
| CLSK | HUT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.56% | -95.04% | -3.52% |
Max Drawdown (1Y)Largest decline over 1 year | -64.74% | -38.62% | -26.12% |
Max Drawdown (3Y)Largest decline over 3 years | -71.28% | -65.08% | -6.20% |
Max Drawdown (5Y)Largest decline over 5 years | -92.00% | -95.04% | +3.04% |
Max Drawdown (10Y)Largest decline over 10 years | -98.56% | — | — |
Current DrawdownCurrent decline from peak | -80.08% | -18.61% | -61.47% |
Average DrawdownAverage peak-to-trough decline | -69.88% | -62.85% | -7.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 40.57% | 15.67% | +24.90% |
Volatility
CLSK vs. HUT - Volatility Comparison
The current volatility for CleanSpark, Inc. (CLSK) is 34.72%, while Hut 8 Corp. (HUT) has a volatility of 38.32%. This indicates that CLSK experiences smaller price fluctuations and is considered to be less risky than HUT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CLSK | HUT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 34.72% | 38.32% | -3.60% |
Volatility (6M)Calculated over the trailing 6-month period | 65.37% | 77.13% | -11.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 92.42% | 107.83% | -15.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 101.68% | 105.85% | -4.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 183.54% | 114.69% | +68.85% |
Dividends
CLSK vs. HUT - Dividend Comparison
Neither CLSK nor HUT has paid dividends to shareholders.
Financials
CLSK vs. HUT - Financials Comparison
This section allows you to compare key financial metrics between CleanSpark, Inc. and Hut 8 Corp.. 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 HUT have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HUT has higher volatility (38.32%) compared to CLSK (34.72%). In terms of maximum drawdown, CLSK dropped -98.56% vs HUT's -95.04%.
HUT currently has the higher Sharpe Ratio (4.17 vs 0.30), 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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