HBM vs. HIVE
HBM (Hudbay Minerals Inc.) and HIVE (HIVE Blockchain Technologies Ltd) are both stocks. HBM operates in Copper (Basic Materials), while HIVE operates in Capital Markets (Financial Services). Over the past 5 years, HBM returned 31.42%/yr vs -20.84%/yr for HIVE. At a 0.28 correlation, their price movements are largely independent.
Performance
HBM vs. HIVE - Performance Comparison
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Returns By Period
In the year-to-date period, HBM achieves a 40.23% return, which is significantly lower than HIVE's 44.57% return.
HBM
- 1D
- 4.43%
- 1M
- 0.32%
- YTD
- 40.23%
- 6M
- 49.02%
- 1Y
- 189.83%
- 3Y*
- 78.89%
- 5Y*
- 31.42%
- 10Y*
- 19.31%
HIVE
- 1D
- -1.58%
- 1M
- 35.14%
- YTD
- 44.57%
- 6M
- 21.90%
- 1Y
- 91.28%
- 3Y*
- 6.13%
- 5Y*
- -20.84%
- 10Y*
- —
HBM vs. HIVE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
HBM Hudbay Minerals Inc. | 40.23% | 145.46% | 47.03% | 9.24% | -29.87% | 3.82% | 69.50% | -11.77% | -51.44% |
HIVE HIVE Blockchain Technologies Ltd | 44.57% | -9.47% | -37.09% | 214.58% | -89.09% | 39.68% | 2,600.00% | -64.10% | -92.50% |
Correlation
The correlation between HBM and HIVE is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2018 | 0.28 |
Fundamentals
HBM:
$1.65
HIVE:
-$0.33
HBM:
4.68
HIVE:
3.19
HBM:
$2.37B
HIVE:
$257.14M
HBM:
$828.54M
HIVE:
$58.57M
HBM:
$1.54B
HIVE:
$87.81M
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Return for Risk
HBM vs. HIVE — Risk / Return Rank
HBM
HIVE
HBM vs. HIVE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hudbay Minerals Inc. (HBM) and HIVE Blockchain Technologies Ltd (HIVE). 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.
| HBM | HIVE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.27 | ||
| Sortino ratioReturn per unit of downside risk | +1.34 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.22 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 5.28 | 1.23 | +4.06 |
| Martin ratioReturn relative to average drawdown | 16.41 | 1.96 | +14.45 |
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Drawdowns
HBM vs. HIVE - Drawdown Comparison
The maximum HBM drawdown since its inception was -92.21%, smaller than the maximum HIVE drawdown of -97.73%. Use the drawdown chart below to compare losses from any high point for HBM and HIVE.
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Drawdown Indicators
| HBM | HIVE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.21% | -97.73% | +5.52% |
Max Drawdown (1Y)Largest decline over 1 year | -36.16% | -74.86% | +38.70% |
Max Drawdown (3Y)Largest decline over 3 years | -41.11% | -80.27% | +39.16% |
Max Drawdown (5Y)Largest decline over 5 years | -63.33% | -94.61% | +31.28% |
Max Drawdown (10Y)Largest decline over 10 years | -86.34% | — | — |
Current DrawdownCurrent decline from peak | -12.68% | -86.10% | +73.42% |
Average DrawdownAverage peak-to-trough decline | -52.45% | -78.56% | +26.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.62% | 46.70% | -35.08% |
Volatility
HBM vs. HIVE - Volatility Comparison
The current volatility for Hudbay Minerals Inc. (HBM) is 25.87%, while HIVE Blockchain Technologies Ltd (HIVE) has a volatility of 39.86%. This indicates that HBM experiences smaller price fluctuations and is considered to be less risky than HIVE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HBM | HIVE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.87% | 39.86% | -13.99% |
Volatility (6M)Calculated over the trailing 6-month period | 47.72% | 67.14% | -19.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.13% | 95.73% | -36.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.51% | 93.17% | -37.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 58.82% | 109.17% | -50.35% |
Dividends
HBM vs. HIVE - Dividend Comparison
HBM's dividend yield for the trailing twelve months is around 0.08%, while HIVE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HBM Hudbay Minerals Inc. | 0.08% | 0.07% | 0.17% | 0.31% | 0.32% | 0.22% | 0.21% | 0.36% | 0.38% | 0.23% | 0.35% | 0.52% |
HIVE HIVE Blockchain Technologies Ltd | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
HBM vs. HIVE - Financials Comparison
This section allows you to compare key financial metrics between Hudbay Minerals Inc. and HIVE Blockchain Technologies Ltd. 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
HBM vs. HIVE - Profitability Comparison
HBM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Hudbay Minerals Inc. reported a gross profit of 340.81M and revenue of 745.43M. Therefore, the gross margin over that period was 45.7%.
HIVE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, HIVE Blockchain Technologies Ltd reported a gross profit of 32.14M and revenue of 93.11M. Therefore, the gross margin over that period was 34.5%.
HBM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Hudbay Minerals Inc. reported an operating income of 297.62M and revenue of 745.43M, resulting in an operating margin of 39.9%.
HIVE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, HIVE Blockchain Technologies Ltd reported an operating income of 16.70M and revenue of 93.11M, resulting in an operating margin of 17.9%.
HBM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Hudbay Minerals Inc. reported a net income of 187.76M and revenue of 745.43M, resulting in a net margin of 25.2%.
HIVE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, HIVE Blockchain Technologies Ltd reported a net income of -91.33M and revenue of 93.11M, resulting in a net margin of -98.1%.
Frequently Asked Questions
HBM and HIVE have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HIVE has higher volatility (39.86%) compared to HBM (25.87%). In terms of maximum drawdown, HBM dropped -92.21% vs HIVE's -97.73%.
HBM currently has the higher Sharpe Ratio (3.23 vs 0.96), 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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