CLSK vs. SEI

Last updated Jul 21, 2026

CLSK (CleanSpark, Inc.) and SEI (Solaris Energy Infrastructure, Inc) are both stocks. CLSK operates in Capital Markets (Financial Services), while SEI operates in Oil & Gas Equipment & Services (Energy). Over the past 5 years, CLSK returned -0.11%/yr vs 51.88%/yr for SEI. At a 0.17 correlation, their price movements are largely independent.

Performance

CLSK vs. SEI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in CleanSpark, Inc. (CLSK) and Solaris Energy Infrastructure, Inc (SEI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CLSK achieves a 42.49% return, which is significantly higher than SEI's 32.25% return.

CLSK

• 1D: 10.67%
• 1M: -16.36%
• 6M: 7.85%
• YTD: 42.49%
• 1Y: 12.83%
• 3Y*: 30.96%
• 5Y*: -0.11%
• 10Y*: -7.95%
• ALL TIME*: -8.12%

SEI

• 1D: 0.43%
• 1M: -26.95%
• 6M: 6.90%
• YTD: 32.25%
• 1Y: 109.50%
• 3Y*: 90.92%
• 5Y*: 51.88%
• 10Y*: —
• ALL TIME*: 22.97%

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

CLSK vs. SEI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CLSK CleanSpark, Inc.	42.49%	9.88%	-16.50%	440.69%	-78.57%	-67.23%	442.99%	-73.90%	-15.98%	-37.44%
SEI Solaris Energy Infrastructure, Inc	32.25%	62.29%	277.66%	-15.75%	57.46%	-15.55%	-38.09%	19.10%	-43.06%	75.35%

Correlation

The correlation between CLSK and SEI is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.36
Correlation (3Y) Calculated over the trailing 3-year period	0.26
Correlation (5Y) Calculated over the trailing 5-year period	0.26
Correlation (All Time) Calculated using the full available price history since May 12, 2017	0.17

The correlation between CLSK and SEI shifts across timeframes, from 0.17 (all time) to 0.36 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap CLSK : $3.70B SEI : $3.71B
EPS CLSK : -$2.64 SEI : $0.97
PS Ratio CLSK : 3.69 SEI : 4.16
Total Revenue (TTM) CLSK : $739.88M SEI : $692.11M
Gross Profit (TTM) CLSK : $306.93M SEI : $235.28M
EBITDA (TTM) CLSK : -$103.41M SEI : $249.65M

Return for Risk

CLSK vs. SEI — Risk / Return Rank

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

CLSK

CLSK Risk / Return Rank: 52
CLSK Sharpe Ratio Rank: 51
CLSK Sortino Ratio Rank: 56
CLSK Omega Ratio Rank: 53
CLSK Calmar Ratio Rank: 51
CLSK Martin Ratio Rank: 50

SEI

SEI Risk / Return Rank: 86
SEI Sharpe Ratio Rank: 85
SEI Sortino Ratio Rank: 82
SEI Omega Ratio Rank: 79
SEI Calmar Ratio Rank: 92
SEI Martin Ratio Rank: 90

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. SEI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CleanSpark, Inc. (CLSK) and Solaris Energy Infrastructure, Inc (SEI). 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	SEI	Difference
Sharpe ratio: Return per unit of total volatility	0.14	1.47	-1.33
Sortino ratio: Return per unit of downside risk	0.87	2.11	-1.24
Omega ratio: Gain probability vs. loss probability	1.10	1.26	-0.16
Calmar ratio: Return relative to maximum drawdown	0.20	4.04	-3.84
Martin ratio: Return relative to average drawdown	0.32	9.72	-9.40

CLSK vs. SEI - Sharpe Ratio Comparison

The current CLSK Sharpe Ratio is 0.14, which is lower than the SEI Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of CLSK and SEI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CLSK vs. SEI - Drawdown Comparison

The maximum CLSK drawdown since its inception was -98.56%, which is greater than SEI's maximum drawdown of -79.49%. Use the drawdown chart below to compare losses from any high point for CLSK and SEI.

Drawdown Indicators

	CLSK	SEI	Difference
Max Drawdown Largest peak-to-trough decline	-98.56%	-79.49%	-19.07%
Max Drawdown (1Y) Largest decline over 1 year	-64.74%	-27.27%	-37.47%
Max Drawdown (3Y) Largest decline over 3 years	-71.28%	-55.37%	-15.91%
Max Drawdown (5Y) Largest decline over 5 years	-92.00%	-55.37%	-36.63%
Max Drawdown (10Y) Largest decline over 10 years	-98.56%	—	—
Current Drawdown Current decline from peak	-80.25%	-26.95%	-53.30%
Average Drawdown Average peak-to-trough decline	-69.85%	-38.34%	-31.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	40.56%	11.31%	+29.25%

Volatility

CLSK vs. SEI - Volatility Comparison

CleanSpark, Inc. (CLSK) has a higher volatility of 25.87% compared to Solaris Energy Infrastructure, Inc (SEI) at 20.35%. This indicates that CLSK's price experiences larger fluctuations and is considered to be riskier than SEI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CLSK	SEI	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.87%	20.35%	+5.52%
Volatility (6M) Calculated over the trailing 6-month period	62.07%	52.20%	+9.87%
Volatility (1Y) Calculated over the trailing 1-year period	89.16%	74.88%	+14.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	101.19%	67.11%	+34.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	183.42%	62.39%	+121.03%

Dividends

CLSK vs. SEI - Dividend Comparison

CLSK has not paid dividends to shareholders, while SEI's dividend yield for the trailing twelve months is around 0.79%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
CLSK CleanSpark, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SEI Solaris Energy Infrastructure, Inc	0.79%	1.04%	1.67%	5.65%	4.23%	6.41%	5.16%	2.89%	0.83%

Financials

Frequently Asked Questions

Can I hold both CLSK and SEI in my portfolio?

CLSK and SEI have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CLSK or SEI?

CLSK has higher volatility (25.87%) compared to SEI (20.35%). In terms of maximum drawdown, CLSK dropped -98.56% vs SEI's -79.49%.

Which has better risk-adjusted returns?

SEI currently has the higher Sharpe Ratio (1.47 vs 0.14), 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.