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HIVE vs. IREN
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Financials

HIVE vs. IREN

Last updated May 18, 2025

Compare and contrast key facts about HIVE Blockchain Technologies Ltd (HIVE) and Iris Energy Limited (IREN).

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HIVE or IREN.

Correlation

The correlation between HIVE and IREN is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Performance

HIVE vs. IREN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in HIVE Blockchain Technologies Ltd (HIVE) and Iris Energy Limited (IREN). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

HIVE:

-0.18

IREN:

0.40

Sortino Ratio

HIVE:

0.45

IREN:

1.64

Omega Ratio

HIVE:

1.05

IREN:

1.18

Calmar Ratio

HIVE:

-0.11

IREN:

0.92

Martin Ratio

HIVE:

-0.26

IREN:

1.86

Ulcer Index

HIVE:

40.99%

IREN:

39.11%

Daily Std Dev

HIVE:

86.92%

IREN:

111.90%

Max Drawdown

HIVE:

-97.72%

IREN:

-95.73%

Current Drawdown

HIVE:

-92.28%

IREN:

-66.09%

Fundamentals

Market Cap

HIVE:

$373.23M

IREN:

$2.03B

EPS

HIVE:

-$0.05

IREN:

-$0.30

PS Ratio

HIVE:

3.08

IREN:

5.38

PB Ratio

HIVE:

0.86

IREN:

1.58

Total Revenue (TTM)

HIVE:

$84.76M

IREN:

$228.74M

Gross Profit (TTM)

HIVE:

-$13.31M

IREN:

$204.67M

EBITDA (TTM)

HIVE:

$48.58M

IREN:

$47.97M

Returns By Period

In the year-to-date period, HIVE achieves a -27.37% return, which is significantly lower than IREN's -14.36% return.

HIVE

YTD

-27.37%

1M

38.93%

6M

-53.27%

1Y

-15.16%

5Y*

8.79%

10Y*

N/A

IREN

YTD

-14.36%

1M

50.45%

6M

-21.18%

1Y

39.70%

5Y*

N/A

10Y*

N/A

*Annualized

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Risk-Adjusted Performance

HIVE vs. IREN — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HIVE
The Risk-Adjusted Performance Rank of HIVE is 4545
Overall Rank
The Sharpe Ratio Rank of HIVE is 4242
Sharpe Ratio Rank
The Sortino Ratio Rank of HIVE is 4949
Sortino Ratio Rank
The Omega Ratio Rank of HIVE is 4747
Omega Ratio Rank
The Calmar Ratio Rank of HIVE is 4444
Calmar Ratio Rank
The Martin Ratio Rank of HIVE is 4646
Martin Ratio Rank
IREN
The Risk-Adjusted Performance Rank of IREN is 7575
Overall Rank
The Sharpe Ratio Rank of IREN is 6767
Sharpe Ratio Rank
The Sortino Ratio Rank of IREN is 8080
Sortino Ratio Rank
The Omega Ratio Rank of IREN is 7474
Omega Ratio Rank
The Calmar Ratio Rank of IREN is 8282
Calmar Ratio Rank
The Martin Ratio Rank of IREN is 7171
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

HIVE vs. IREN - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for HIVE Blockchain Technologies Ltd (HIVE) and Iris Energy 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.

The current HIVE Sharpe Ratio is -0.18, which is lower than the IREN Sharpe Ratio of 0.40. The chart below compares the historical Sharpe Ratios of HIVE and IREN, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Dividends

HIVE vs. IREN - Dividend Comparison

Neither HIVE nor IREN has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

HIVE vs. IREN - Drawdown Comparison

The maximum HIVE drawdown since its inception was -97.72%, roughly equal to the maximum IREN drawdown of -95.73%. Use the drawdown chart below to compare losses from any high point for HIVE and IREN. For additional features, visit the drawdowns tool.

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Volatility

HIVE vs. IREN - Volatility Comparison

HIVE Blockchain Technologies Ltd (HIVE) and Iris Energy Limited (IREN) have volatilities of 18.56% and 18.75%, 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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Financials

HIVE vs. IREN - Financials Comparison

This section allows you to compare key financial metrics between HIVE Blockchain Technologies Ltd and Iris Energy Limited. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.

Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities

0.0020.00M40.00M60.00M80.00M100.00M120.00MAprilJulyOctober2021AprilJulyOctober2022AprilJulyOctober2023AprilJulyOctober2024AprilJulyOctober
29.87M
117.55M
(HIVE) Total Revenue
(IREN) Total Revenue
Values in USD except per share items

HIVE vs. IREN - Profitability Comparison

The chart below illustrates the profitability comparison between HIVE Blockchain Technologies Ltd and Iris Energy Limited over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.
Gross Margin
Operating Margin
Net Margin
Quarterly
Annual
-50.0%0.0%50.0%100.0%AprilJulyOctober2021AprilJulyOctober2022AprilJulyOctober2023AprilJulyOctober2024AprilJulyOctober
-40.5%
94.1%
(HIVE) Gross Margin
(IREN) Gross Margin
HIVE - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, HIVE Blockchain Technologies Ltd reported a gross profit of -12.10M and revenue of 29.87M. Therefore, the gross margin over that period was -40.5%.

IREN - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Iris Energy Limited reported a gross profit of 110.56M and revenue of 117.55M. Therefore, the gross margin over that period was 94.1%.

HIVE - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, HIVE Blockchain Technologies Ltd reported an operating income of -20.19M and revenue of 29.87M, resulting in an operating margin of -67.6%.

IREN - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Iris Energy Limited reported an operating income of 31.10M and revenue of 117.55M, resulting in an operating margin of 26.5%.

HIVE - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, HIVE Blockchain Technologies Ltd reported a net income of 1.27M and revenue of 29.87M, resulting in a net margin of 4.2%.

IREN - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Iris Energy Limited reported a net income of 18.88M and revenue of 117.55M, resulting in a net margin of 16.1%.