HUT.TO vs. RIOT

Last updated Jun 5, 2026

HUT.TO (Hut 8 Mining Corp.) and RIOT (Riot Platforms, Inc.) are both stocks. HUT.TO operates in Capital Markets (Financial Services), while RIOT operates in Software - Application (Technology). Over the past 5 years, HUT.TO returned 8.28%/yr vs -0.47%/yr for RIOT. A 0.60 correlation means they provide meaningful diversification when combined.

Performance

HUT.TO vs. RIOT - Performance Comparison

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

Different Trading Currencies

HUT.TO is traded in CAD, while RIOT is traded in USD. To make them comparable, the RIOT 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 RIOT's 97.70% 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*: —

RIOT

• 1D: -10.04%
• 1M: 6.37%
• YTD: 97.70%
• 6M: 66.53%
• 1Y: 179.61%
• 3Y*: 33.00%
• 5Y*: -0.47%
• 10Y*: 23.69%

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

HUT.TO vs. RIOT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
HUT.TO Hut 8 Mining Corp.	181.21%	114.40%	66.52%	-39.03%	-88.32%	184.53%	226.17%	-23.57%	-65.00%
RIOT Riot Platforms, Inc.	97.70%	18.40%	-28.33%	346.29%	-83.74%	30.24%	1,391.33%	-29.47%	-84.60%

Correlation

The correlation between HUT.TO and RIOT is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.70
Correlation (3Y) Calculated over the trailing 3-year period	0.73
Correlation (5Y) Calculated over the trailing 5-year period	0.74
Correlation (All Time) Calculated using the full available price history since Mar 7, 2018	0.60

The correlation between HUT.TO and RIOT shifts across timeframes, from 0.60 (all time) to 0.74 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap HUT.TO : CA$19.71B RIOT : $8.57B
EPS HUT.TO : -CA$2.70 RIOT : -$2.35
PS Ratio HUT.TO : 72.05 RIOT : 13.91
PB Ratio HUT.TO : 14.28 RIOT : 3.58
Total Revenue (TTM) HUT.TO : CA$284.52M RIOT : $653.27M
Gross Profit (TTM) HUT.TO : CA$91.56M RIOT : $179.76M
EBITDA (TTM) HUT.TO : CA$270.09M RIOT : -$482.33M

Return for Risk

HUT.TO vs. RIOT — 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

RIOT

RIOT Risk / Return Rank: 84
RIOT Sharpe Ratio Rank: 89
RIOT Sortino Ratio Rank: 83
RIOT Omega Ratio Rank: 80
RIOT Calmar Ratio Rank: 86
RIOT Martin Ratio Rank: 82

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. RIOT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hut 8 Mining Corp. (HUT.TO) and Riot Platforms, Inc. (RIOT). 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	RIOT	Difference
Sharpe ratio: Return per unit of total volatility	6.58	2.16	+4.41
Sortino ratio: Return per unit of downside risk	4.21	2.58	+1.63
Omega ratio: Gain probability vs. loss probability	1.54	1.32	+0.22
Calmar ratio: Return relative to maximum drawdown	17.36	3.70	+13.66
Martin ratio: Return relative to average drawdown	47.74	7.20	+40.54
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. RIOT - Sharpe Ratio Comparison

The current HUT.TO Sharpe Ratio is 6.58, which is higher than the RIOT Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of HUT.TO and RIOT, 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	RIOT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	6.58	2.16	+4.41
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.07	-0.01	+0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.21	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.06	-0.15	+0.21

Drawdowns

HUT.TO vs. RIOT - Drawdown Comparison

The maximum HUT.TO drawdown since its inception was -98.28%, roughly equal to the maximum RIOT drawdown of -99.91%. Use the drawdown chart below to compare losses from any high point for HUT.TO and RIOT.

Drawdown Indicators

	HUT.TO	RIOT	Difference
Max Drawdown Largest peak-to-trough decline	-98.28%	-99.91%	+1.63%
Max Drawdown (1Y) Largest decline over 1 year	-38.49%	-48.81%	+10.32%
Max Drawdown (3Y) Largest decline over 3 years	-94.16%	-67.45%	-26.71%
Max Drawdown (5Y) Largest decline over 5 years	-98.28%	-91.93%	-6.35%
Max Drawdown (10Y) Largest decline over 10 years	—	-98.14%	—
Current Drawdown Current decline from peak	-64.14%	-96.60%	+32.46%
Average Drawdown Average peak-to-trough decline	-70.82%	-93.60%	+22.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.97%	25.07%	-11.10%

Volatility

HUT.TO vs. RIOT - Volatility Comparison

Hut 8 Mining Corp. (HUT.TO) has a higher volatility of 36.33% compared to Riot Platforms, Inc. (RIOT) at 18.09%. This indicates that HUT.TO's price experiences larger fluctuations and is considered to be riskier than RIOT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HUT.TO	RIOT	Difference
Volatility (1M) Calculated over the trailing 1-month period	36.33%	18.09%	+18.24%
Volatility (6M) Calculated over the trailing 6-month period	74.23%	61.05%	+13.18%
Volatility (1Y) Calculated over the trailing 1-year period	101.73%	83.71%	+18.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	111.37%	92.17%	+19.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	118.47%	110.85%	+7.62%

Dividends

HUT.TO vs. RIOT - Dividend Comparison

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

Position	TTM	2025	2024	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%	0.00%	0.00%
RIOT Riot Platforms, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.52%

Financials

Frequently Asked Questions

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

HUT.TO and RIOT have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.