HUT.TO vs. GBTC
Compare and contrast key facts about Hut 8 Mining Corp. (HUT.TO) and Grayscale Bitcoin Trust (BTC) (GBTC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HUT.TO or GBTC.
Key characteristics
| HUT.TO | GBTC | |
|---|---|---|
| YTD Return | 96.38% | 105.98% |
| 1Y Return | 180.00% | 160.07% |
| 3Y Return (Ann) | -28.77% | 11.51% |
| 5Y Return (Ann) | 33.84% | 47.55% |
| Sharpe Ratio | 1.31 | 2.45 |
| Sortino Ratio | 2.21 | 2.89 |
| Omega Ratio | 1.25 | 1.35 |
| Calmar Ratio | 1.63 | 2.82 |
| Martin Ratio | 3.62 | 9.41 |
| Ulcer Index | 41.15% | 15.45% |
| Daily Std Dev | 113.49% | 59.25% |
| Max Drawdown | -94.44% | -89.91% |
| Current Drawdown | -64.93% | 0.00% |
Fundamentals
| HUT.TO | GBTC |
|---|
Correlation
The correlation between HUT.TO and GBTC is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
HUT.TO vs. GBTC - Performance Comparison
In the year-to-date period, HUT.TO achieves a 96.38% return, which is significantly lower than GBTC's 105.98% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
HUT.TO vs. GBTC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Hut 8 Mining Corp. (HUT.TO) and Grayscale Bitcoin Trust (BTC) (GBTC). 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.
Dividends
HUT.TO vs. GBTC - Dividend Comparison
Neither HUT.TO nor GBTC has paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
HUT.TO Hut 8 Mining Corp. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GBTC Grayscale Bitcoin Trust (BTC) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.23% |
Drawdowns
HUT.TO vs. GBTC - Drawdown Comparison
The maximum HUT.TO drawdown since its inception was -94.44%, which is greater than GBTC's maximum drawdown of -89.91%. Use the drawdown chart below to compare losses from any high point for HUT.TO and GBTC. For additional features, visit the drawdowns tool.
Volatility
HUT.TO vs. GBTC - Volatility Comparison
Hut 8 Mining Corp. (HUT.TO) has a higher volatility of 35.85% compared to Grayscale Bitcoin Trust (BTC) (GBTC) at 17.81%. This indicates that HUT.TO's price experiences larger fluctuations and is considered to be riskier than GBTC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Financials
HUT.TO vs. GBTC - Financials Comparison
This section allows you to compare key financial metrics between Hut 8 Mining Corp. and Grayscale Bitcoin Trust (BTC). You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities