HUT.TO vs. BTC-USD

Last updated Apr 2, 2026

Compare and contrast key facts about Hut 8 Mining Corp. (HUT.TO) and Bitcoin (BTC-USD).

Performance

HUT.TO vs. BTC-USD - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Hut 8 Mining Corp. (HUT.TO) and Bitcoin (BTC-USD). The values are adjusted to include any dividend payments, if applicable.

HUT.TO vs. BTC-USD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
HUT.TO Hut 8 Mining Corp.	4.34%	114.40%	66.52%	-39.03%	-88.32%	184.53%	226.17%	-23.57%	-65.00%
BTC-USD Bitcoin	-20.64%	-10.57%	139.80%	149.06%	-61.52%	57.96%	297.73%	84.55%	-63.43%

Different Trading Currencies

HUT.TO is traded in CAD, while BTC-USD is traded in USD. To make them comparable, the BTC-USD 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 4.34% return, which is significantly higher than BTC-USD's -20.98% return.

HUT.TO

• 1D: 0.95%
• 1M: -8.65%
• YTD: 4.34%
• 6M: 29.26%
• 1Y: 245.36%
• 3Y*: 2.31%
• 5Y*: -23.25%
• 10Y*: —

BTC-USD

• 1D: 0.00%
• 1M: 0.81%
• YTD: -20.98%
• 6M: -42.62%
• 1Y: -22.11%
• 3Y*: 35.59%
• 5Y*: 5.05%
• 10Y*: 67.44%

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

Return for Risk

HUT.TO vs. BTC-USD — Risk / Return Rank

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

HUT.TO

HUT.TO Risk / Return Rank: 92
HUT.TO Sharpe Ratio Rank: 94
HUT.TO Sortino Ratio Rank: 89
HUT.TO Omega Ratio Rank: 85
HUT.TO Calmar Ratio Rank: 97
HUT.TO Martin Ratio Rank: 97

BTC-USD

BTC-USD Risk / Return Rank: 43
BTC-USD Sharpe Ratio Rank: 61
BTC-USD Sortino Ratio Rank: 55
BTC-USD Omega Ratio Rank: 51
BTC-USD Calmar Ratio Rank: 43
BTC-USD Martin Ratio Rank: 4

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.

HUT.TO vs. BTC-USD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hut 8 Mining Corp. (HUT.TO) and Bitcoin (BTC-USD). 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	BTC-USD	Difference
Sharpe ratio Return per unit of total volatility	2.51	-0.51	+3.01
Sortino ratio Return per unit of downside risk	2.75	-0.48	+3.23
Omega ratio Gain probability vs. loss probability	1.34	0.95	+0.39
Calmar ratio Return relative to maximum drawdown	7.64	-1.06	+8.70
Martin ratio Return relative to average drawdown	20.54	-1.91	+22.45
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HUT.TO vs. BTC-USD - Sharpe Ratio Comparison

The current HUT.TO Sharpe Ratio is 2.51, which is higher than the BTC-USD Sharpe Ratio of -0.51. The chart below compares the historical Sharpe Ratios of HUT.TO and BTC-USD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	HUT.TO	BTC-USD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.51	-0.51	+3.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.21	0.09	-0.30
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.01	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.04	1.24	-1.29

Correlation

The correlation between HUT.TO and BTC-USD is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Drawdowns

HUT.TO vs. BTC-USD - Drawdown Comparison

The maximum HUT.TO drawdown since its inception was -98.28%, which is greater than BTC-USD's maximum drawdown of -83.55%. Use the drawdown chart below to compare losses from any high point for HUT.TO and BTC-USD.

Drawdown Indicators

	HUT.TO	BTC-USD	Difference
Max Drawdown Largest peak-to-trough decline	-98.28%	-85.30%	-12.98%
Max Drawdown (1Y) Largest decline over 1 year	-38.49%	-49.65%	+11.16%
Max Drawdown (5Y) Largest decline over 5 years	-98.28%	-76.67%	-21.61%
Max Drawdown (10Y) Largest decline over 10 years	—	-83.80%	—
Current Drawdown Current decline from peak	-86.69%	-45.02%	-41.67%
Average Drawdown Average peak-to-trough decline	-70.74%	-41.99%	-28.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.31%	27.60%	-13.29%

Volatility

HUT.TO vs. BTC-USD - Volatility Comparison

Hut 8 Mining Corp. (HUT.TO) has a higher volatility of 30.17% compared to Bitcoin (BTC-USD) at 14.06%. This indicates that HUT.TO's price experiences larger fluctuations and is considered to be riskier than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HUT.TO	BTC-USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	30.17%	14.06%	+16.11%
Volatility (6M) Calculated over the trailing 6-month period	79.45%	35.89%	+43.56%
Volatility (1Y) Calculated over the trailing 1-year period	99.45%	36.39%	+63.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	110.97%	45.57%	+65.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	118.60%	55.26%	+63.34%