HUT.TO vs. ETH-USD

Last updated Apr 2, 2026

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

Performance

HUT.TO vs. ETH-USD - Performance Comparison

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

HUT.TO vs. ETH-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%
ETH-USD Ethereum	-26.42%	-15.00%	58.59%	85.99%	-65.05%	393.79%	464.18%	-6.37%	-83.03%

Different Trading Currencies

HUT.TO is traded in CAD, while ETH-USD is traded in USD. To make them comparable, the ETH-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 ETH-USD's -26.42% 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*: —

ETH-USD

• 1D: 2.33%
• 1M: 8.05%
• YTD: -26.42%
• 6M: -50.59%
• 1Y: 9.93%
• 3Y*: 7.31%
• 5Y*: 2.21%
• 10Y*: 69.68%

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

Return for Risk

HUT.TO vs. ETH-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

ETH-USD

ETH-USD Risk / Return Rank: 79
ETH-USD Sharpe Ratio Rank: 85
ETH-USD Sortino Ratio Rank: 84
ETH-USD Omega Ratio Rank: 83
ETH-USD Calmar Ratio Rank: 72
ETH-USD Martin Ratio Rank: 68

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. ETH-USD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hut 8 Mining Corp. (HUT.TO) and Ethereum (ETH-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	ETH-USD	Difference
Sharpe ratio Return per unit of total volatility	2.51	0.13	+2.37
Sortino ratio Return per unit of downside risk	2.75	0.75	+2.00
Omega ratio Gain probability vs. loss probability	1.34	1.08	+0.25
Calmar ratio Return relative to maximum drawdown	7.64	-0.82	+8.46
Martin ratio Return relative to average drawdown	20.54	-1.42	+21.96
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. ETH-USD - Sharpe Ratio Comparison

The current HUT.TO Sharpe Ratio is 2.51, which is higher than the ETH-USD Sharpe Ratio of 0.13. The chart below compares the historical Sharpe Ratios of HUT.TO and ETH-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	ETH-USD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.51	0.13	+2.37
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.21	0.03	-0.24
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.74	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.04	0.81	-0.85

Correlation

The correlation between HUT.TO and ETH-USD is 0.34, 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. ETH-USD - Drawdown Comparison

The maximum HUT.TO drawdown since its inception was -98.28%, which is greater than ETH-USD's maximum drawdown of -93.09%. Use the drawdown chart below to compare losses from any high point for HUT.TO and ETH-USD.

Drawdown Indicators

	HUT.TO	ETH-USD	Difference
Max Drawdown Largest peak-to-trough decline	-98.28%	-94.01%	-4.27%
Max Drawdown (1Y) Largest decline over 1 year	-38.49%	-62.26%	+23.77%
Max Drawdown (5Y) Largest decline over 5 years	-98.28%	-79.35%	-18.93%
Max Drawdown (10Y) Largest decline over 10 years	—	-94.01%	—
Current Drawdown Current decline from peak	-86.69%	-55.38%	-31.31%
Average Drawdown Average peak-to-trough decline	-70.74%	-50.81%	-19.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.31%	36.32%	-22.01%

Volatility

HUT.TO vs. ETH-USD - Volatility Comparison

Hut 8 Mining Corp. (HUT.TO) has a higher volatility of 30.17% compared to Ethereum (ETH-USD) at 18.04%. This indicates that HUT.TO's price experiences larger fluctuations and is considered to be riskier than ETH-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HUT.TO	ETH-USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	30.17%	18.04%	+12.13%
Volatility (6M) Calculated over the trailing 6-month period	79.45%	51.88%	+27.57%
Volatility (1Y) Calculated over the trailing 1-year period	99.45%	61.96%	+37.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	110.97%	62.02%	+48.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	118.60%	78.40%	+40.20%