EOSE vs. IREN

Last updated Jun 4, 2026

EOSE (Eos Energy Enterprises Inc) and IREN (IREN Limited) are both stocks. EOSE operates in Electrical Equipment & Parts (Industrials), while IREN operates in Capital Markets (Financial Services). Over the past 3 years, EOSE returned 49.99%/yr vs 165.47%/yr for IREN. At a 0.31 correlation, their price movements are largely independent.

Performance

EOSE vs. IREN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eos Energy Enterprises Inc (EOSE) and IREN Limited (IREN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EOSE achieves a -28.45% return, which is significantly lower than IREN's 73.37% return.

EOSE

• 1D: -12.95%
• 1M: 28.53%
• YTD: -28.45%
• 6M: -39.48%
• 1Y: 112.44%
• 3Y*: 49.99%
• 5Y*: -16.33%
• 10Y*: —

IREN

• 1D: -1.68%
• 1M: 32.34%
• YTD: 73.37%
• 6M: 48.95%
• 1Y: 636.56%
• 3Y*: 165.47%
• 5Y*: —
• 10Y*: —

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

EOSE vs. IREN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
EOSE Eos Energy Enterprises Inc	-28.45%	135.80%	345.87%	-26.35%	-80.32%	-28.45%
IREN IREN Limited	73.37%	284.62%	37.34%	472.00%	-92.27%	-33.87%

Correlation

The correlation between EOSE and IREN is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (3Y) Calculated over the trailing 3-year period	0.31
Correlation (All Time) Calculated using the full available price history since Nov 18, 2021	0.31

The correlation between EOSE and IREN shifts across timeframes, from 0.31 (all time) to 0.43 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

EPS EOSE : -$1.45 IREN : $0.45
PS Ratio EOSE : 16.77 IREN : 14.67
Total Revenue (TTM) EOSE : $160.71M IREN : $757.07M
Gross Profit (TTM) EOSE : -$163.73M IREN : $433.88M
EBITDA (TTM) EOSE : -$858.77M IREN : -$173.05M

Return for Risk

EOSE vs. IREN — Risk / Return Rank

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

EOSE

EOSE Risk / Return Rank: 70
EOSE Sharpe Ratio Rank: 71
EOSE Sortino Ratio Rank: 74
EOSE Omega Ratio Rank: 71
EOSE Calmar Ratio Rank: 68
EOSE Martin Ratio Rank: 65

IREN

IREN Risk / Return Rank: 96
IREN Sharpe Ratio Rank: 99
IREN Sortino Ratio Rank: 95
IREN Omega Ratio Rank: 92
IREN Calmar Ratio Rank: 98
IREN Martin Ratio Rank: 95

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.

EOSE vs. IREN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eos Energy Enterprises Inc (EOSE) and IREN Limited (IREN). 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.

	EOSE	IREN	Difference
Sharpe ratio Return per unit of total volatility	0.99	6.33	-5.34
Sortino ratio Return per unit of downside risk	1.96	4.12	-2.16
Omega ratio Gain probability vs. loss probability	1.24	1.48	-0.24
Calmar ratio Return relative to maximum drawdown	1.47	10.96	-9.49
Martin ratio Return relative to average drawdown	2.96	21.06	-18.10
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EOSE vs. IREN - Sharpe Ratio Comparison

The current EOSE Sharpe Ratio is 0.99, which is lower than the IREN Sharpe Ratio of 6.33. The chart below compares the historical Sharpe Ratios of EOSE and IREN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EOSE	IREN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.99	6.33	-5.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.14	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.02	0.21	-0.23

Drawdowns

EOSE vs. IREN - Drawdown Comparison

The maximum EOSE drawdown since its inception was -97.88%, roughly equal to the maximum IREN drawdown of -95.73%. Use the drawdown chart below to compare losses from any high point for EOSE and IREN.

Drawdown Indicators

	EOSE	IREN	Difference
Max Drawdown Largest peak-to-trough decline	-97.88%	-95.73%	-2.15%
Max Drawdown (1Y) Largest decline over 1 year	-77.10%	-58.62%	-18.48%
Max Drawdown (3Y) Largest decline over 3 years	-87.18%	-65.56%	-21.62%
Max Drawdown (5Y) Largest decline over 5 years	-96.94%	—	—
Current Drawdown Current decline from peak	-73.06%	-14.30%	-58.76%
Average Drawdown Average peak-to-trough decline	-72.39%	-62.79%	-9.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	38.12%	30.44%	+7.68%

Volatility

EOSE vs. IREN - Volatility Comparison

Eos Energy Enterprises Inc (EOSE) has a higher volatility of 37.17% compared to IREN Limited (IREN) at 32.69%. This indicates that EOSE's price experiences larger fluctuations and is considered to be riskier than IREN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EOSE	IREN	Difference
Volatility (1M) Calculated over the trailing 1-month period	37.17%	32.69%	+4.48%
Volatility (6M) Calculated over the trailing 6-month period	92.31%	75.24%	+17.07%
Volatility (1Y) Calculated over the trailing 1-year period	114.61%	101.57%	+13.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	117.03%	118.41%	-1.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	113.02%	118.41%	-5.39%

Dividends

EOSE vs. IREN - Dividend Comparison

Neither EOSE nor IREN has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both EOSE and IREN in my portfolio?

EOSE and IREN have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EOSE or IREN?

EOSE has higher volatility (37.17%) compared to IREN (32.69%). In terms of maximum drawdown, EOSE dropped -97.88% vs IREN's -95.73%.

Which has better risk-adjusted returns?

IREN currently has the higher Sharpe Ratio (6.33 vs 0.99), 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.