HUT vs. DY

Last updated Jun 27, 2026

HUT (Hut 8 Corp.) and DY (Dycom Industries, Inc.) are both stocks. HUT operates in Capital Markets (Financial Services), while DY operates in Engineering & Construction (Industrials). Over the past 5 years, HUT returned 46.15%/yr vs 44.46%/yr for DY. At a 0.24 correlation, their price movements are largely independent.

Performance

HUT vs. DY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hut 8 Corp. (HUT) and Dycom Industries, Inc. (DY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HUT achieves a 167.78% return, which is significantly higher than DY's 44.50% return.

HUT

• 1D: 4.54%
• 1M: -1.45%
• YTD: 167.78%
• 6M: 147.82%
• 1Y: 596.60%
• 3Y*: 102.57%
• 5Y*: 46.15%
• 10Y*: —

DY

• 1D: -1.09%
• 1M: -4.26%
• YTD: 44.50%
• 6M: 40.45%
• 1Y: 98.71%
• 3Y*: 64.44%
• 5Y*: 44.46%
• 10Y*: 18.91%

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

HUT vs. DY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
HUT Hut 8 Corp.	167.78%	124.21%	53.60%	213.88%	-89.17%	185.45%	250.63%	-25.02%	-70.80%
DY Dycom Industries, Inc.	44.50%	94.13%	51.24%	22.96%	-0.17%	24.15%	60.17%	-12.75%	-50.94%

Correlation

The correlation between HUT and DY is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (3Y) Calculated over the trailing 3-year period	0.32
Correlation (5Y) Calculated over the trailing 5-year period	0.32
Correlation (All Time) Calculated using the full available price history since Mar 8, 2018	0.24

Fundamentals

Market Cap HUT : $13.66B DY : $14.83B
EPS HUT : -$2.73 DY : $10.52
PB Ratio HUT : 9.90 DY : 7.83
Total Revenue (TTM) HUT : -$40.96M DY : $6.25B
Gross Profit (TTM) HUT : -$132.19M DY : $1.23B
EBITDA (TTM) HUT : -$306.16M DY : $1.07B

Return for Risk

HUT vs. DY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments 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: 94
HUT Calmar Ratio Rank: 99
HUT Martin Ratio Rank: 99

DY

DY Risk / Return Rank: 91
DY Sharpe Ratio Rank: 92
DY Sortino Ratio Rank: 92
DY Omega Ratio Rank: 90
DY Calmar Ratio Rank: 91
DY Martin Ratio Rank: 93

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 vs. DY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hut 8 Corp. (HUT) and Dycom Industries, Inc. (DY). 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	DY	Difference
Sharpe ratio: Return per unit of total volatility	5.51	2.28	+3.23
Sortino ratio: Return per unit of downside risk	3.90	3.26	+0.64
Omega ratio: Gain probability vs. loss probability	1.49	1.40	+0.09
Calmar ratio: Return relative to maximum drawdown	14.59	4.28	+10.31
Martin ratio: Return relative to average drawdown	39.60	13.45	+26.15

HUT vs. DY - Sharpe Ratio Comparison

The current HUT Sharpe Ratio is 5.51, which is higher than the DY Sharpe Ratio of 2.28. The chart below compares the historical Sharpe Ratios of HUT and DY, 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. DY - Drawdown Comparison

The maximum HUT drawdown since its inception was -95.04%, roughly equal to the maximum DY drawdown of -93.54%. Use the drawdown chart below to compare losses from any high point for HUT and DY.

Drawdown Indicators

	HUT	DY	Difference
Max Drawdown Largest peak-to-trough decline	-95.04%	-93.54%	-1.50%
Max Drawdown (1Y) Largest decline over 1 year	-38.62%	-24.43%	-14.19%
Max Drawdown (3Y) Largest decline over 3 years	-71.68%	-32.58%	-39.10%
Max Drawdown (5Y) Largest decline over 5 years	-95.04%	-33.70%	-61.34%
Max Drawdown (10Y) Largest decline over 10 years	—	-89.01%	—
Current Drawdown Current decline from peak	-7.52%	-8.77%	+1.25%
Average Drawdown Average peak-to-trough decline	-63.31%	-45.63%	-17.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.21%	7.76%	+6.45%

Volatility

HUT vs. DY - Volatility Comparison

Hut 8 Corp. (HUT) has a higher volatility of 23.49% compared to Dycom Industries, Inc. (DY) at 11.03%. This indicates that HUT's price experiences larger fluctuations and is considered to be riskier than DY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HUT	DY	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.49%	11.03%	+12.46%
Volatility (6M) Calculated over the trailing 6-month period	71.40%	38.23%	+33.17%
Volatility (1Y) Calculated over the trailing 1-year period	102.49%	45.90%	+56.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	105.53%	43.38%	+62.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	114.53%	52.94%	+61.59%

Dividends

HUT vs. DY - Dividend Comparison

Neither HUT nor DY has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both HUT and DY in my portfolio?

HUT and DY have a correlation of 0.33, 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 DY?

HUT has higher volatility (23.49%) compared to DY (11.03%). In terms of maximum drawdown, HUT dropped -95.04% vs DY's -93.54%.

Which has better risk-adjusted returns?

HUT currently has the higher Sharpe Ratio (5.51 vs 2.28), 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.