HUT vs. CRDO

Last updated Aug 1, 2026

HUT (Hut 8 Corp.) and CRDO (Credo Technology Group Holding Ltd) are both stocks. HUT operates in Capital Markets (Financial Services), while CRDO operates in Semiconductors (Technology). Over the past 3 years, HUT returned 85.18%/yr vs 130.87%/yr for CRDO. Their 0.38 correlation means their historical movements had little consistent relationship.

Performance

HUT vs. CRDO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hut 8 Corp. (HUT) and Credo Technology Group Holding Ltd (CRDO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HUT achieves a 134.28% return, which is significantly higher than CRDO's 43.85% return.

HUT

• 1D: -0.59%
• 1M: 1.74%
• 6M: 92.78%
• YTD: 134.28%
• 1Y: 406.97%
• 3Y*: 85.18%
• 5Y*: 35.40%
• 10Y*: —
• ALL TIME*: 23.81%

CRDO

• 1D: 2.94%
• 1M: -20.11%
• 6M: 65.22%
• YTD: 43.85%
• 1Y: 85.56%
• 3Y*: 130.87%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 87.78%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CRDO Credo Technology Group Holding Ltd	$1.17B	$1.40B	$1.87B
HUT Hut 8 Corp.	$525.36M	$446.23M	$513.46M

HUT vs. CRDO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
HUT Hut 8 Corp.	134.28%	124.21%	53.60%	213.88%	-85.24%
CRDO Credo Technology Group Holding Ltd	43.85%	114.09%	245.20%	46.28%	10.00%

Correlation

The correlation between HUT and CRDO is 0.40, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.40
Correlation (3Y) Balances recent behavior with more history.	0.39
Correlation (All Time) Calculated using the full available price history since Jan 27, 2022	0.38

Fundamentals

Market Cap HUT : $12.12B CRDO : $38.60B
EPS HUT : -$2.77 CRDO : $2.50
PB Ratio HUT : 8.66 CRDO : 19.33
Total Revenue (TTM) HUT : -$40.96M CRDO : $1.34B
Gross Profit (TTM) HUT : -$132.19M CRDO : $908.35M
EBITDA (TTM) HUT : -$306.16M CRDO : $463.79M

Return for Risk

HUT vs. CRDO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

HUT

HUT Risk / Return Rank: 97
HUT Sharpe Ratio Rank: 99
HUT Sortino Ratio Rank: 95
HUT Omega Ratio Rank: 93
HUT Calmar Ratio Rank: 99
HUT Martin Ratio Rank: 98

CRDO

CRDO Risk / Return Rank: 74
CRDO Sharpe Ratio Rank: 74
CRDO Sortino Ratio Rank: 75
CRDO Omega Ratio Rank: 70
CRDO Calmar Ratio Rank: 75
CRDO Martin Ratio Rank: 74

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

HUT vs. CRDO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hut 8 Corp. (HUT) and Credo Technology Group Holding Ltd (CRDO). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	HUT	CRDO	Difference
Sharpe ratio: Return per unit of total volatility	3.81	0.94	+2.87
Sortino ratio: Return per unit of downside risk	3.35	1.73	+1.61
Omega ratio: Gain probability vs. loss probability	1.41	1.20	+0.21
Calmar ratio: Return relative to maximum drawdown	10.62	1.61	+9.02
Martin ratio: Return relative to average drawdown	26.07	3.65	+22.43

HUT vs. CRDO - Sharpe Ratio Comparison

The current HUT Sharpe Ratio is 3.81, which is higher than the CRDO Sharpe Ratio of 0.94. The chart below compares the historical Sharpe Ratios of HUT and CRDO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HUT vs. CRDO - Drawdown Comparison

The maximum HUT drawdown since its inception was -95.04%, which is greater than CRDO's maximum drawdown of -62.04%. Use the drawdown chart below to compare losses from any high point for HUT and CRDO.

Drawdown Indicators

	HUT	CRDO	Difference
Max Drawdown Largest peak-to-trough decline	-95.04%	-62.04%	-33.00%
Max Drawdown (1Y) Largest decline over 1 year	-38.62%	-53.59%	+14.97%
Max Drawdown (3Y) Largest decline over 3 years	-65.08%	-61.05%	-4.03%
Max Drawdown (5Y) Largest decline over 5 years	-95.04%	—	—
Current Drawdown Current decline from peak	-19.09%	-31.58%	+12.49%
Average Drawdown Average peak-to-trough decline	-62.83%	-19.39%	-43.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.71%	23.55%	-7.84%

Volatility

HUT vs. CRDO - Volatility Comparison

Hut 8 Corp. (HUT) has a higher volatility of 37.29% compared to Credo Technology Group Holding Ltd (CRDO) at 29.83%. This indicates that HUT's price experiences larger fluctuations and is considered to be riskier than CRDO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HUT	CRDO	Difference
Volatility (1M) Calculated over the trailing 1-month period	37.29%	29.83%	+7.46%
Volatility (6M) Calculated over the trailing 6-month period	76.96%	73.09%	+3.87%
Volatility (1Y) Calculated over the trailing 1-year period	107.84%	92.00%	+15.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	105.81%	82.43%	+23.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	114.67%	82.43%	+32.24%

Dividends

HUT vs. CRDO - Dividend Comparison

Neither HUT nor CRDO has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both HUT and CRDO in my portfolio?

HUT and CRDO have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HUT or CRDO?

HUT has higher volatility (37.29%) compared to CRDO (29.83%). In terms of maximum drawdown, HUT dropped -95.04% vs CRDO's -62.04%.

Which has better risk-adjusted returns?

HUT currently has the higher Sharpe Ratio (3.81 vs 0.94), 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.