HIVE vs. KEEL

Last updated Jun 13, 2026

HIVE (HIVE Blockchain Technologies Ltd) and KEEL (Keel Infrastructure Corporation) are both stocks. Both operate in the Capital Markets industry within the Financial Services sector. Over the past 5 years, HIVE returned -20.84%/yr vs 6.74%/yr for KEEL. A 0.64 correlation means they provide meaningful diversification when combined.

Performance

HIVE vs. KEEL - Performance Comparison

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

Returns By Period

In the year-to-date period, HIVE achieves a 44.57% return, which is significantly lower than KEEL's 137.87% return.

HIVE

• 1D: -1.58%
• 1M: 35.14%
• YTD: 44.57%
• 6M: 21.90%
• 1Y: 91.28%
• 3Y*: 6.13%
• 5Y*: -20.84%
• 10Y*: —

KEEL

• 1D: 1.27%
• 1M: 34.70%
• YTD: 137.87%
• 6M: 104.01%
• 1Y: 542.53%
• 3Y*: 67.95%
• 5Y*: 6.74%
• 10Y*: —

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

HIVE vs. KEEL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
HIVE HIVE Blockchain Technologies Ltd	44.57%	-9.47%	-37.09%	214.58%	-89.09%	39.68%	2,600.00%	-64.10%	-69.05%
KEEL Keel Infrastructure Corporation	137.87%	57.72%	-48.80%	561.36%	-91.29%	165.79%	397.66%	-27.96%	-64.19%

Correlation

The correlation between HIVE and KEEL is 0.76, 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	0.76
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.82
Correlation (All Time) Calculated using the full available price history since Aug 28, 2018	0.64

The correlation between HIVE and KEEL shifts across timeframes, from 0.64 (all time) to 0.82 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

EPS HIVE : -$0.33 KEEL : -$0.51
PS Ratio HIVE : 3.19 KEEL : 13.52
Total Revenue (TTM) HIVE : $257.14M KEEL : $229.28M
Gross Profit (TTM) HIVE : $58.57M KEEL : -$18.90M
EBITDA (TTM) HIVE : $87.81M KEEL : -$149.60M

Return for Risk

HIVE vs. KEEL — Risk / Return Rank

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

HIVE

HIVE Risk / Return Rank: 70
HIVE Sharpe Ratio Rank: 72
HIVE Sortino Ratio Rank: 76
HIVE Omega Ratio Rank: 71
HIVE Calmar Ratio Rank: 67
HIVE Martin Ratio Rank: 62

KEEL

KEEL Risk / Return Rank: 95
KEEL Sharpe Ratio Rank: 99
KEEL Sortino Ratio Rank: 96
KEEL Omega Ratio Rank: 93
KEEL Calmar Ratio Rank: 96
KEEL Martin Ratio Rank: 91

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.

HIVE vs. KEEL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HIVE Blockchain Technologies Ltd (HIVE) and Keel Infrastructure Corporation (KEEL). 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.

	HIVE	KEEL	Difference
Sharpe ratio: Return per unit of total volatility	0.96	4.96	-4.00
Sortino ratio: Return per unit of downside risk	1.91	4.01	-2.10
Omega ratio: Gain probability vs. loss probability	1.22	1.48	-0.26
Calmar ratio: Return relative to maximum drawdown	1.23	7.43	-6.21
Martin ratio: Return relative to average drawdown	1.96	12.38	-10.42

HIVE vs. KEEL - Sharpe Ratio Comparison

The current HIVE Sharpe Ratio is 0.96, which is lower than the KEEL Sharpe Ratio of 4.96. The chart below compares the historical Sharpe Ratios of HIVE and KEEL, 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

HIVE vs. KEEL - Drawdown Comparison

The maximum HIVE drawdown since its inception was -97.73%, roughly equal to the maximum KEEL drawdown of -95.72%. Use the drawdown chart below to compare losses from any high point for HIVE and KEEL.

Drawdown Indicators

	HIVE	KEEL	Difference
Max Drawdown Largest peak-to-trough decline	-97.73%	-95.72%	-2.01%
Max Drawdown (1Y) Largest decline over 1 year	-74.86%	-73.65%	-1.21%
Max Drawdown (3Y) Largest decline over 3 years	-80.27%	-81.04%	+0.77%
Max Drawdown (5Y) Largest decline over 5 years	-94.61%	-95.72%	+1.11%
Current Drawdown Current decline from peak	-86.10%	-36.98%	-49.12%
Average Drawdown Average peak-to-trough decline	-78.56%	-67.50%	-11.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	46.70%	44.14%	+2.56%

Volatility

HIVE vs. KEEL - Volatility Comparison

HIVE Blockchain Technologies Ltd (HIVE) has a higher volatility of 39.86% compared to Keel Infrastructure Corporation (KEEL) at 27.86%. This indicates that HIVE's price experiences larger fluctuations and is considered to be riskier than KEEL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HIVE	KEEL	Difference
Volatility (1M) Calculated over the trailing 1-month period	39.86%	27.86%	+12.00%
Volatility (6M) Calculated over the trailing 6-month period	67.14%	70.45%	-3.31%
Volatility (1Y) Calculated over the trailing 1-year period	95.73%	110.33%	-14.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	93.17%	104.97%	-11.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	109.17%	291.07%	-181.90%

Dividends

HIVE vs. KEEL - Dividend Comparison

Neither HIVE nor KEEL has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both HIVE and KEEL in my portfolio?

HIVE and KEEL have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HIVE or KEEL?

HIVE has higher volatility (39.86%) compared to KEEL (27.86%). In terms of maximum drawdown, HIVE dropped -97.73% vs KEEL's -95.72%.

Which has better risk-adjusted returns?

KEEL currently has the higher Sharpe Ratio (4.96 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.