CLSK vs. WULF
CLSK (CleanSpark, Inc.) and WULF (TeraWulf Inc.) are both stocks. CLSK operates in Capital Markets (Financial Services), while WULF operates in Information Technology Services (Technology). Over the past 3 years, CLSK returned 30.96%/yr vs 72.88%/yr for WULF. A 0.64 correlation means they provide meaningful diversification when combined.
Performance
CLSK vs. WULF - Performance Comparison
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Returns By Period
In the year-to-date period, CLSK achieves a 42.49% return, which is significantly lower than WULF's 64.14% 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%
WULF
- 1D
- 3.85%
- 1M
- -34.92%
- 6M
- 36.17%
- YTD
- 64.14%
- 1Y
- 267.64%
- 3Y*
- 72.88%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -10.74%
CLSK vs. WULF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CLSK CleanSpark, Inc. | 42.49% | 9.88% | -16.50% | 440.69% | -78.57% | -22.22% |
WULF TeraWulf Inc. | 64.14% | 103.00% | 135.83% | 260.58% | -95.58% | -52.66% |
Correlation
The correlation between CLSK and WULF is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2021 | 0.64 |
The correlation between CLSK and WULF has been stable across timeframes, ranging from 0.64 to 0.74 - a consistent structural relationship.
Fundamentals
CLSK:
$3.70B
WULF:
$9.35B
CLSK:
-$2.64
WULF:
-$2.52
CLSK:
3.69
WULF:
45.72
CLSK:
$739.88M
WULF:
$168.06M
CLSK:
$306.93M
WULF:
$107.59M
CLSK:
-$103.41M
WULF:
-$132.10M
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Return for Risk
CLSK vs. WULF — Risk / Return Rank
CLSK
WULF
CLSK vs. WULF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CleanSpark, Inc. (CLSK) and TeraWulf Inc. (WULF). 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 | WULF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.41 | ||
| Sortino ratioReturn per unit of downside risk | -2.39 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.38 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 0.20 | 7.10 | -6.90 |
| Martin ratioReturn relative to average drawdown | 0.32 | 19.96 | -19.65 |
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Drawdowns
CLSK vs. WULF - Drawdown Comparison
The maximum CLSK drawdown since its inception was -98.56%, roughly equal to the maximum WULF drawdown of -98.30%. Use the drawdown chart below to compare losses from any high point for CLSK and WULF.
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Drawdown Indicators
| CLSK | WULF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.56% | -98.30% | -0.26% |
Max Drawdown (1Y)Largest decline over 1 year | -64.74% | -37.96% | -26.78% |
Max Drawdown (3Y)Largest decline over 3 years | -71.28% | -74.60% | +3.32% |
Max Drawdown (5Y)Largest decline over 5 years | -92.00% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -98.56% | — | — |
Current DrawdownCurrent decline from peak | -80.25% | -40.67% | -39.58% |
Average DrawdownAverage peak-to-trough decline | -69.85% | -80.74% | +10.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 40.56% | 13.48% | +27.08% |
Volatility
CLSK vs. WULF - Volatility Comparison
CleanSpark, Inc. (CLSK) and TeraWulf Inc. (WULF) have volatilities of 25.87% and 24.94%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CLSK | WULF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.87% | 24.94% | +0.93% |
Volatility (6M)Calculated over the trailing 6-month period | 62.07% | 65.36% | -3.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 89.16% | 105.58% | -16.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 101.19% | 127.21% | -26.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 183.42% | 127.21% | +56.21% |
Dividends
CLSK vs. WULF - Dividend Comparison
Neither CLSK nor WULF has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
CLSK CleanSpark, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WULF TeraWulf Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 33.22% |
Financials
CLSK vs. WULF - Financials Comparison
This section allows you to compare key financial metrics between CleanSpark, Inc. and TeraWulf 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 WULF have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CLSK has higher volatility (25.87%) compared to WULF (24.94%). In terms of maximum drawdown, CLSK dropped -98.56% vs WULF's -98.30%.
WULF currently has the higher Sharpe Ratio (2.56 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.
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