HUT vs. DAVE
HUT (Hut 8 Corp. Common Stock) and DAVE (Dave Inc.) are both stocks. HUT operates in Capital Markets (Financial Services), while DAVE operates in Software - Application (Technology). Over the past 5 years, HUT returned 42.31%/yr vs -2.05%/yr for DAVE. At a 0.28 correlation, their price movements are largely independent.
Performance
HUT vs. DAVE - Performance Comparison
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Returns By Period
In the year-to-date period, HUT achieves a 158.73% return, which is significantly higher than DAVE's 29.52% return.
HUT
- 1D
- 2.19%
- 1M
- 9.73%
- YTD
- 158.73%
- 6M
- 187.73%
- 1Y
- 547.39%
- 3Y*
- 124.18%
- 5Y*
- 42.31%
- 10Y*
- —
DAVE
- 1D
- 0.47%
- 1M
- 19.46%
- YTD
- 29.52%
- 6M
- 45.12%
- 1Y
- 20.37%
- 3Y*
- 269.82%
- 5Y*
- -2.05%
- 10Y*
- —
HUT vs. DAVE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HUT Hut 8 Corp. Common Stock | 158.73% | 124.21% | 53.60% | 213.88% | -89.17% | 48.96% |
DAVE Dave Inc. | 29.52% | 154.73% | 936.61% | -9.64% | -97.17% | 4.59% |
Correlation
The correlation between HUT and DAVE is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2021 | 0.28 |
Fundamentals
HUT:
$13.20B
DAVE:
$4.13B
HUT:
-$2.73
DAVE:
$15.54
HUT:
9.57
DAVE:
20.26
HUT:
-$40.96M
DAVE:
$551.52M
HUT:
-$132.19M
DAVE:
$427.68M
HUT:
-$306.16M
DAVE:
$165.95M
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Return for Risk
HUT vs. DAVE — Risk / Return Rank
HUT
DAVE
HUT vs. DAVE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hut 8 Corp. Common Stock (HUT) and Dave Inc. (DAVE). 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 | DAVE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +5.07 | ||
| Sortino ratioReturn per unit of downside risk | +2.95 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.11 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 14.30 | 0.46 | +13.84 |
| Martin ratioReturn relative to average drawdown | 38.93 | 0.82 | +38.11 |
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Drawdowns
HUT vs. DAVE - Drawdown Comparison
The maximum HUT drawdown since its inception was -95.04%, roughly equal to the maximum DAVE drawdown of -99.01%. Use the drawdown chart below to compare losses from any high point for HUT and DAVE.
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Drawdown Indicators
| HUT | DAVE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.04% | -99.01% | +3.97% |
Max Drawdown (1Y)Largest decline over 1 year | -38.62% | -44.67% | +6.05% |
Max Drawdown (3Y)Largest decline over 3 years | -71.68% | -44.67% | -27.01% |
Max Drawdown (5Y)Largest decline over 5 years | -95.04% | -99.01% | +3.97% |
Current DrawdownCurrent decline from peak | -10.65% | -37.33% | +26.68% |
Average DrawdownAverage peak-to-trough decline | -63.55% | -68.91% | +5.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.16% | 24.93% | -10.77% |
Volatility
HUT vs. DAVE - Volatility Comparison
Hut 8 Corp. Common Stock (HUT) has a higher volatility of 26.86% compared to Dave Inc. (DAVE) at 18.61%. This indicates that HUT's price experiences larger fluctuations and is considered to be riskier than DAVE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HUT | DAVE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.86% | 18.61% | +8.25% |
Volatility (6M)Calculated over the trailing 6-month period | 76.73% | 48.97% | +27.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 103.29% | 74.00% | +29.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 105.62% | 98.44% | +7.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 114.75% | 97.16% | +17.59% |
Dividends
HUT vs. DAVE - Dividend Comparison
Neither HUT nor DAVE has paid dividends to shareholders.
Financials
HUT vs. DAVE - Financials Comparison
This section allows you to compare key financial metrics between Hut 8 Corp. Common Stock and Dave Inc.. 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
Frequently Asked Questions
HUT and DAVE have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HUT has higher volatility (26.86%) compared to DAVE (18.61%). In terms of maximum drawdown, HUT dropped -95.04% vs DAVE's -99.01%.
HUT currently has the higher Sharpe Ratio (5.35 vs 0.28), 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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