HUT vs. GSG
HUT (Hut 8 Corp.) is a stock, while GSG (iShares S&P GSCI Commodity-Indexed Trust) is Commodities fund tracking the S&P GSCI Total Return Index. Over the past 5 years, HUT returned 36.08%/yr vs 14.20%/yr for GSG. At a 0.13 correlation, their price movements are largely independent.
Performance
HUT vs. GSG - Performance Comparison
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Returns By Period
In the year-to-date period, HUT achieves a 100.07% return, which is significantly higher than GSG's 33.95% return.
HUT
- 1D
- -10.79%
- 1M
- -24.34%
- 6M
- 60.46%
- YTD
- 100.07%
- 1Y
- 313.26%
- 3Y*
- 68.68%
- 5Y*
- 36.08%
- 10Y*
- —
GSG
- 1D
- -0.93%
- 1M
- 4.15%
- 6M
- 29.74%
- YTD
- 33.95%
- 1Y
- 37.41%
- 3Y*
- 15.32%
- 5Y*
- 14.20%
- 10Y*
- 7.61%
HUT vs. GSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
HUT Hut 8 Corp. | 100.07% | 124.21% | 53.60% | 213.88% | -89.17% | 185.45% | 250.63% | -25.02% | -70.80% |
GSG iShares S&P GSCI Commodity-Indexed Trust | 33.95% | 5.93% | 8.52% | -5.51% | 24.08% | 38.77% | -23.94% | 15.62% | -13.78% |
Correlation
The correlation between HUT and GSG is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Mar 8, 2018 | 0.13 |
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Return for Risk
HUT vs. GSG — Risk / Return Rank
HUT
GSG
HUT vs. GSG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hut 8 Corp. (HUT) and iShares S&P GSCI Commodity-Indexed Trust (GSG). 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 | GSG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.45 | ||
| Sortino ratioReturn per unit of downside risk | +0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.29 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 8.17 | 2.00 | +6.17 |
| Martin ratioReturn relative to average drawdown | 20.86 | 6.66 | +14.20 |
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Drawdowns
HUT vs. GSG - Drawdown Comparison
The maximum HUT drawdown since its inception was -95.04%, which is greater than GSG's maximum drawdown of -89.62%. Use the drawdown chart below to compare losses from any high point for HUT and GSG.
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Drawdown Indicators
| HUT | GSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.04% | -89.62% | -5.42% |
Max Drawdown (1Y)Largest decline over 1 year | -38.62% | -18.81% | -19.81% |
Max Drawdown (3Y)Largest decline over 3 years | -66.86% | -18.81% | -48.05% |
Max Drawdown (5Y)Largest decline over 5 years | -95.04% | -29.12% | -65.92% |
Max Drawdown (10Y)Largest decline over 10 years | — | -57.64% | — |
Current DrawdownCurrent decline from peak | -30.91% | -59.56% | +28.65% |
Average DrawdownAverage peak-to-trough decline | -63.05% | -63.68% | +0.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.12% | 5.63% | +9.49% |
Volatility
HUT vs. GSG - Volatility Comparison
Hut 8 Corp. (HUT) has a higher volatility of 24.28% compared to iShares S&P GSCI Commodity-Indexed Trust (GSG) at 7.17%. This indicates that HUT's price experiences larger fluctuations and is considered to be riskier than GSG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HUT | GSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.28% | 7.17% | +17.11% |
Volatility (6M)Calculated over the trailing 6-month period | 72.80% | 21.54% | +51.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 103.63% | 23.48% | +80.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 105.57% | 22.80% | +82.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 114.45% | 22.00% | +92.45% |
Dividends
HUT vs. GSG - Dividend Comparison
Neither HUT nor GSG has paid dividends to shareholders.
Frequently Asked Questions
HUT and GSG have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HUT has higher volatility (24.28%) compared to GSG (7.17%). In terms of maximum drawdown, HUT dropped -95.04% vs GSG's -89.62%.
HUT currently has the higher Sharpe Ratio (3.05 vs 1.60), 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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