HUT.TO vs. BTC-USD
HUT.TO (Hut 8 Mining Corp.) is a stock, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 5 years, HUT.TO returned 45.66%/yr vs 15.47%/yr for BTC-USD. At a 0.38 correlation, their price movements are largely independent.
Performance
HUT.TO vs. BTC-USD - Performance Comparison
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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 147.73% return, which is significantly higher than BTC-USD's -26.07% 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*
- —
BTC-USD
- 1D
- 0.00%
- 1M
- -20.06%
- YTD
- -26.07%
- 6M
- -28.09%
- 1Y
- -36.09%
- 3Y*
- 34.45%
- 5Y*
- 15.47%
- 10Y*
- 61.44%
HUT.TO vs. BTC-USD - 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% |
BTC-USD Bitcoin | -28.87% | -10.57% | 139.80% | 149.06% | -61.52% | 57.96% | 297.73% | 84.55% | -63.43% |
Correlation
The correlation between HUT.TO and BTC-USD is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Mar 7, 2018 | 0.38 |
The correlation between HUT.TO and BTC-USD shifts across timeframes, from 0.31 (1 year) to 0.45 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
HUT.TO vs. BTC-USD — Risk / Return Rank
HUT.TO
BTC-USD
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 ratioReturn per unit of total volatility | +6.78 | ||
| Sortino ratioReturn per unit of downside risk | +5.13 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 0.88 | +0.64 |
| Calmar ratioReturn relative to maximum drawdown | 15.75 | -0.71 | +16.47 |
| Martin ratioReturn relative to average drawdown | 43.21 | -1.25 | +44.46 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HUT.TO | BTC-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.93 | -0.85 | +6.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | 0.29 | +0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.92 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 1.19 | -0.95 |
Drawdowns
HUT.TO vs. BTC-USD - Drawdown Comparison
The maximum HUT.TO drawdown since its inception was -94.44%, 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.
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Drawdown Indicators
| HUT.TO | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.44% | -83.55% | -10.89% |
Max Drawdown (1Y)Largest decline over 1 year | -38.49% | -50.49% | +12.00% |
Max Drawdown (3Y)Largest decline over 3 years | -70.79% | -50.49% | -20.30% |
Max Drawdown (5Y)Largest decline over 5 years | -94.44% | -74.78% | -19.66% |
Max Drawdown (10Y)Largest decline over 10 years | — | -82.53% | — |
Current DrawdownCurrent decline from peak | -15.05% | -48.96% | +33.91% |
Average DrawdownAverage peak-to-trough decline | -62.09% | -39.97% | -22.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.00% | 34.67% | -20.67% |
Volatility
HUT.TO vs. BTC-USD - Volatility Comparison
Hut 8 Mining Corp. (HUT.TO) has a higher volatility of 24.96% compared to Bitcoin (BTC-USD) at 10.14%. 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.
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Volatility by Period
| HUT.TO | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.96% | 10.14% | +14.82% |
Volatility (6M)Calculated over the trailing 6-month period | 75.30% | 34.38% | +40.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 102.44% | 35.28% | +67.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 105.31% | 43.65% | +61.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 115.06% | 55.23% | +59.83% |
Frequently Asked Questions
HUT.TO and BTC-USD have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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