HUT.TO vs. COIN

Last updated Jun 5, 2026

HUT.TO (Hut 8 Mining Corp.) and COIN (Coinbase Global, Inc.) are both stocks. Both are in the Financial Services sector — HUT.TO in Capital Markets, COIN in Financial Data & Stock Exchanges. Over the past 5 years, HUT.TO returned 8.28%/yr vs -5.11%/yr for COIN. A 0.62 correlation means they provide meaningful diversification when combined.

Performance

HUT.TO vs. COIN - Performance Comparison

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

Different Trading Currencies

HUT.TO is traded in CAD, while COIN is traded in USD. To make them comparable, the COIN 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 181.21% return, which is significantly higher than COIN's -31.55% return.

HUT.TO

• 1D: -3.07%
• 1M: 19.44%
• YTD: 181.21%
• 6M: 202.49%
• 1Y: 695.61%
• 3Y*: 37.19%
• 5Y*: 8.28%
• 10Y*: —

COIN

• 1D: -6.95%
• 1M: -21.30%
• YTD: -31.55%
• 6M: -43.00%
• 1Y: -36.39%
• 3Y*: 45.35%
• 5Y*: -5.11%
• 10Y*: —

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

HUT.TO vs. COIN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
HUT.TO Hut 8 Mining Corp.	181.21%	114.40%	66.52%	-39.03%	-88.32%	20.95%
COIN Coinbase Global, Inc.	-31.55%	-13.10%	55.03%	380.61%	-84.98%	-22.37%

Correlation

The correlation between HUT.TO and COIN is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (3Y) Calculated over the trailing 3-year period	0.58
Correlation (5Y) Calculated over the trailing 5-year period	0.63
Correlation (All Time) Calculated using the full available price history since Apr 15, 2021	0.62

The correlation between HUT.TO and COIN shifts across timeframes, from 0.46 (1 year) to 0.63 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap HUT.TO : CA$19.71B COIN : $40.35B
EPS HUT.TO : -CA$2.70 COIN : $2.90
PS Ratio HUT.TO : 72.05 COIN : 7.24
PB Ratio HUT.TO : 14.28 COIN : 2.99
Total Revenue (TTM) HUT.TO : CA$284.52M COIN : $5.81B
Gross Profit (TTM) HUT.TO : CA$91.56M COIN : $4.65B
EBITDA (TTM) HUT.TO : CA$270.09M COIN : $1.68B

Return for Risk

HUT.TO vs. COIN — 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: 97
HUT.TO Sharpe Ratio Rank: 99
HUT.TO Sortino Ratio Rank: 95
HUT.TO Omega Ratio Rank: 94
HUT.TO Calmar Ratio Rank: 99
HUT.TO Martin Ratio Rank: 99

COIN

COIN Risk / Return Rank: 21
COIN Sharpe Ratio Rank: 18
COIN Sortino Ratio Rank: 20
COIN Omega Ratio Rank: 21
COIN Calmar Ratio Rank: 21
COIN Martin Ratio Rank: 23

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. COIN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hut 8 Mining Corp. (HUT.TO) and Coinbase Global, Inc. (COIN). 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	COIN	Difference
Sharpe ratio: Return per unit of total volatility	6.58	-0.52	+7.10
Sortino ratio: Return per unit of downside risk	4.21	-0.45	+4.66
Omega ratio: Gain probability vs. loss probability	1.54	0.95	+0.59
Calmar ratio: Return relative to maximum drawdown	17.36	-0.55	+17.91
Martin ratio: Return relative to average drawdown	47.74	-0.92	+48.66
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. COIN - Sharpe Ratio Comparison

The current HUT.TO Sharpe Ratio is 6.58, which is higher than the COIN Sharpe Ratio of -0.52. The chart below compares the historical Sharpe Ratios of HUT.TO and COIN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	HUT.TO	COIN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	6.58	-0.52	+7.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.07	-0.06	+0.14
Sharpe Ratio (All Time) Calculated using the full available price history	0.06	-0.14	+0.21

Drawdowns

HUT.TO vs. COIN - Drawdown Comparison

The maximum HUT.TO drawdown since its inception was -98.28%, which is greater than COIN's maximum drawdown of -90.07%. Use the drawdown chart below to compare losses from any high point for HUT.TO and COIN.

Drawdown Indicators

	HUT.TO	COIN	Difference
Max Drawdown Largest peak-to-trough decline	-98.28%	-90.07%	-8.21%
Max Drawdown (1Y) Largest decline over 1 year	-38.49%	-66.66%	+28.17%
Max Drawdown (3Y) Largest decline over 3 years	-94.16%	-66.66%	-27.50%
Max Drawdown (5Y) Largest decline over 5 years	-98.28%	-90.07%	-8.21%
Current Drawdown Current decline from peak	-64.14%	-63.11%	-1.03%
Average Drawdown Average peak-to-trough decline	-70.82%	-47.90%	-22.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.97%	39.80%	-25.83%

Volatility

HUT.TO vs. COIN - Volatility Comparison

Hut 8 Mining Corp. (HUT.TO) has a higher volatility of 36.33% compared to Coinbase Global, Inc. (COIN) at 19.77%. This indicates that HUT.TO's price experiences larger fluctuations and is considered to be riskier than COIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HUT.TO	COIN	Difference
Volatility (1M) Calculated over the trailing 1-month period	36.33%	19.77%	+16.56%
Volatility (6M) Calculated over the trailing 6-month period	74.23%	50.65%	+23.58%
Volatility (1Y) Calculated over the trailing 1-year period	101.73%	69.74%	+31.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	111.37%	84.18%	+27.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	118.47%	83.72%	+34.75%

Dividends

HUT.TO vs. COIN - Dividend Comparison

Neither HUT.TO nor COIN has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both HUT.TO and COIN in my portfolio?

HUT.TO and COIN have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.