HUT.TO vs. ^TNX
HUT.TO (Hut 8 Mining Corp.) is a stock, while ^TNX (Cboe 10-Year Treasury Note Yield Index) is an index. Over the past 5 years, HUT.TO returned 39.99%/yr vs 31.77%/yr for ^TNX. At a 0.01 correlation, their price movements are largely independent.
Performance
HUT.TO vs. ^TNX - Performance Comparison
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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 124.84% return, which is significantly higher than ^TNX's 13.07% return.
HUT.TO
- 1D
- 10.70%
- 1M
- -18.26%
- 6M
- 76.98%
- YTD
- 124.84%
- 1Y
- 378.33%
- 3Y*
- 81.08%
- 5Y*
- 39.99%
- 10Y*
- —
- ALL TIME*
- 23.96%
^TNX
- 1D
- 1.13%
- 1M
- 2.71%
- 6M
- 9.70%
- YTD
- 13.07%
- 1Y
- 5.88%
- 3Y*
- 8.44%
- 5Y*
- 31.77%
- 10Y*
- 12.12%
- ALL TIME*
- 0.48%
HUT.TO vs. ^TNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
HUT.TO Hut 8 Mining Corp. | 124.84% | 114.40% | 66.52% | 204.83% | -88.32% | 184.53% | 226.17% | -23.57% | -70.21% |
^TNX Cboe 10-Year Treasury Note Yield Index | 13.07% | -13.12% | 28.30% | -2.71% | 172.80% | 64.80% | -53.35% | -31.50% | -1.46% |
Correlation
The correlation between HUT.TO and ^TNX is -0.07, 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 | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Mar 6, 2018 | 0.01 |
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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 Cboe 10-Year Treasury Note Yield Index (^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.
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.
| HUT.TO | ^TNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.29 | ||
| Sortino ratioReturn per unit of downside risk | +2.60 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.07 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 9.91 | 0.56 | +9.35 |
| Martin ratioReturn relative to average drawdown | 25.25 | 1.23 | +24.02 |
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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 -89.94%. Use the drawdown chart below to compare losses from any high point for HUT.TO and ^TNX.
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Drawdown Indicators
| HUT.TO | ^TNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.44% | -89.94% | -4.50% |
Max Drawdown (1Y)Largest decline over 1 year | -38.49% | -10.53% | -27.96% |
Max Drawdown (3Y)Largest decline over 3 years | -65.64% | -28.13% | -37.51% |
Max Drawdown (5Y)Largest decline over 5 years | -94.44% | -28.13% | -66.31% |
Max Drawdown (10Y)Largest decline over 10 years | — | -83.97% | — |
Current DrawdownCurrent decline from peak | -22.90% | -6.90% | -16.00% |
Average DrawdownAverage peak-to-trough decline | -61.41% | -44.63% | -16.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.09% | 5.15% | +9.94% |
Volatility
HUT.TO vs. ^TNX - Volatility Comparison
Hut 8 Mining Corp. (HUT.TO) has a higher volatility of 28.60% compared to Cboe 10-Year Treasury Note Yield Index (^TNX) at 4.38%. 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.
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Volatility by Period
| HUT.TO | ^TNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.60% | 4.38% | +24.22% |
Volatility (6M)Calculated over the trailing 6-month period | 73.22% | 11.80% | +61.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 104.14% | 15.46% | +88.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 104.58% | 32.06% | +72.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 114.85% | 48.34% | +66.51% |
Frequently Asked Questions
HUT.TO and ^TNX have a correlation of -0.07, 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
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