HUT vs. BTC-USD
HUT (Hut 8 Corp. Common Stock) is a stock, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 5 years, HUT returned 45.73%/yr vs 12.77%/yr for BTC-USD. At a 0.40 correlation, their price movements are largely independent.
Performance
HUT vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, HUT achieves a 189.55% return, which is significantly higher than BTC-USD's -23.17% return.
HUT
- 1D
- 0.48%
- 1M
- 72.80%
- YTD
- 189.55%
- 6M
- 253.03%
- 1Y
- 774.56%
- 3Y*
- 130.94%
- 5Y*
- 45.73%
- 10Y*
- —
BTC-USD
- 1D
- 0.85%
- 1M
- -14.42%
- YTD
- -23.17%
- 6M
- -26.37%
- 1Y
- -36.52%
- 3Y*
- 35.33%
- 5Y*
- 12.77%
- 10Y*
- 60.98%
HUT vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
HUT Hut 8 Corp. Common Stock | 189.55% | 124.21% | 53.60% | 213.88% | -89.17% | 185.45% | 250.63% | -25.02% | -70.92% |
BTC-USD Bitcoin | -23.17% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -60.32% |
Correlation
The correlation between HUT and BTC-USD is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2018 | 0.40 |
The correlation between HUT and BTC-USD shifts across timeframes, from 0.34 (1 year) to 0.48 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
HUT vs. BTC-USD — Risk / Return Rank
HUT
BTC-USD
HUT vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hut 8 Corp. Common Stock (HUT) 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 | BTC-USD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 7.63 | -0.85 | +8.48 |
Sortino ratioReturn per unit of downside risk | 4.44 | -1.14 | +5.58 |
Omega ratioGain probability vs. loss probability | 1.56 | 0.88 | +0.68 |
Calmar ratioReturn relative to maximum drawdown | 19.97 | -1.07 | +21.04 |
Martin ratioReturn relative to average drawdown | 55.12 | -1.57 | +56.70 |
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 | BTC-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 7.63 | -0.85 | +8.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | 0.24 | +0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.89 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 1.14 | -0.90 |
Drawdowns
HUT vs. BTC-USD - Drawdown Comparison
The maximum HUT drawdown since its inception was -95.04%, which is greater than BTC-USD's maximum drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for HUT and BTC-USD.
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Drawdown Indicators
| HUT | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.04% | -85.30% | -9.74% |
Max Drawdown (1Y)Largest decline over 1 year | -38.62% | -49.65% | +11.03% |
Max Drawdown (3Y)Largest decline over 3 years | -71.68% | -49.65% | -22.03% |
Max Drawdown (5Y)Largest decline over 5 years | -95.04% | -76.67% | -18.37% |
Max Drawdown (10Y)Largest decline over 10 years | — | -83.80% | — |
Current DrawdownCurrent decline from peak | 0.00% | -46.10% | +46.10% |
Average DrawdownAverage peak-to-trough decline | -63.78% | -42.27% | -21.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.99% | 33.71% | -19.72% |
Volatility
HUT vs. BTC-USD - Volatility Comparison
Hut 8 Corp. Common Stock (HUT) has a higher volatility of 35.28% compared to Bitcoin (BTC-USD) at 9.90%. This indicates that HUT'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 | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 35.28% | 9.90% | +25.38% |
Volatility (6M)Calculated over the trailing 6-month period | 76.20% | 33.98% | +42.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 102.48% | 35.37% | +67.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 106.24% | 45.01% | +61.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 114.79% | 56.68% | +58.11% |
Frequently Asked Questions
HUT and BTC-USD have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HUT has higher volatility (35.28%) compared to BTC-USD (9.90%). In terms of maximum drawdown, HUT dropped -95.04% vs BTC-USD's -85.30%.
HUT currently has the higher Sharpe Ratio (7.63 vs -0.85), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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