HUT.TO vs. ^TNX
HUT.TO (Hut 8 Mining Corp.) is a stock, while ^TNX (Treasury Yield 10 Years) is an index. Over the past 5 years, HUT.TO returned 45.66%/yr vs 27.02%/yr for ^TNX. At a correlation of -0.02, they often move in opposite directions.
Performance
HUT.TO vs. ^TNX - Performance Comparison
Loading charts...
Different Trading Currencies
HUT.TO is traded in CAD, while ^TNX is traded in USD. To make them comparable, the ^TNX values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, HUT.TO achieves a 147.73% return, which is significantly higher than ^TNX's 9.01% return.
HUT.TO
- 1D
- -11.90%
- 1M
- 5.22%
- YTD
- 147.73%
- 6M
- 166.48%
- 1Y
- 600.90%
- 3Y*
- 124.07%
- 5Y*
- 45.66%
- 10Y*
- —
^TNX
- 1D
- -0.22%
- 1M
- 4.85%
- YTD
- 9.01%
- 6M
- 8.90%
- 1Y
- 3.64%
- 3Y*
- 7.84%
- 5Y*
- 27.02%
- 10Y*
- 10.92%
HUT.TO vs. ^TNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
HUT.TO Hut 8 Mining Corp. | 147.73% | 114.40% | 66.52% | 204.83% | -88.32% | 184.53% | 226.17% | -23.57% | -65.00% |
^TNX Treasury Yield 10 Years | 9.01% | -13.14% | 28.45% | -2.53% | 174.83% | 63.40% | -53.02% | -32.07% | -1.05% |
Correlation
The correlation between HUT.TO and ^TNX is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.08 |
Correlation (All Time) Calculated using the full available price history since Mar 7, 2018 | -0.02 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HUT.TO vs. ^TNX — Risk / Return Rank
HUT.TO
^TNX
HUT.TO vs. ^TNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hut 8 Mining Corp. (HUT.TO) and Treasury Yield 10 Years (^TNX). 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.
| HUT.TO | ^TNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +5.67 | ||
| Sortino ratioReturn per unit of downside risk | +3.53 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.05 | +0.46 |
| Calmar ratioReturn relative to maximum drawdown | 15.75 | 0.35 | +15.41 |
| Martin ratioReturn relative to average drawdown | 43.21 | 0.69 | +42.52 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| HUT.TO | ^TNX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.93 | 0.26 | +5.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | 0.81 | -0.38 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.23 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.05 | +0.19 |
Drawdowns
HUT.TO vs. ^TNX - Drawdown Comparison
The maximum HUT.TO drawdown since its inception was -94.44%, which is greater than ^TNX's maximum drawdown of -83.97%. Use the drawdown chart below to compare losses from any high point for HUT.TO and ^TNX.
Loading charts...
Drawdown Indicators
| HUT.TO | ^TNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.44% | -83.97% | -10.47% |
Max Drawdown (1Y)Largest decline over 1 year | -38.49% | -12.47% | -26.02% |
Max Drawdown (3Y)Largest decline over 3 years | -70.79% | -28.10% | -42.69% |
Max Drawdown (5Y)Largest decline over 5 years | -94.44% | -28.10% | -66.34% |
Max Drawdown (10Y)Largest decline over 10 years | — | -83.93% | — |
Current DrawdownCurrent decline from peak | -15.05% | -9.83% | -5.22% |
Average DrawdownAverage peak-to-trough decline | -62.09% | -32.53% | -29.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.00% | 6.24% | +7.76% |
Volatility
HUT.TO vs. ^TNX - Volatility Comparison
Hut 8 Mining Corp. (HUT.TO) has a higher volatility of 24.96% compared to Treasury Yield 10 Years (^TNX) at 5.34%. This indicates that HUT.TO's price experiences larger fluctuations and is considered to be riskier than ^TNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| HUT.TO | ^TNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.96% | 5.34% | +19.62% |
Volatility (6M)Calculated over the trailing 6-month period | 75.30% | 11.64% | +63.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 102.44% | 17.05% | +85.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 105.31% | 33.37% | +71.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 115.06% | 48.25% | +66.81% |
Frequently Asked Questions
HUT.TO and ^TNX have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for HUT.TO and ^TNX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer