HUT vs. LQDA

Last updated Aug 1, 2026

HUT (Hut 8 Corp.) and LQDA (Liquidia Corporation) are both stocks. HUT operates in Capital Markets (Financial Services), while LQDA operates in Biotechnology (Healthcare). Over the past 5 years, HUT returned 35.40%/yr vs 105.41%/yr for LQDA. Their 0.17 correlation means their historical movements had little consistent relationship.

Performance

HUT vs. LQDA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hut 8 Corp. (HUT) and Liquidia Corporation (LQDA). 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 lower than LQDA's 143.87% 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%

LQDA

• 1D: -3.10%
• 1M: 6.04%
• 6M: 98.42%
• YTD: 143.87%
• 1Y: 350.03%
• 3Y*: 120.93%
• 5Y*: 105.41%
• 10Y*: —
• ALL TIME*: 26.92%

*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)
HUT Hut 8 Corp.	$525.36M	$446.23M	$513.46M
LQDA Liquidia Corporation	$129.21M	$115.99M	$136.40M

HUT vs. LQDA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
HUT Hut 8 Corp.	134.28%	124.21%	53.60%	213.88%	-89.17%	185.45%	250.63%	-25.02%	-59.92%
LQDA Liquidia Corporation	143.87%	193.28%	-2.24%	88.85%	30.80%	65.08%	-30.99%	-80.26%	73.98%

Correlation

The correlation between HUT and LQDA is 0.24, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.24
Correlation (3Y) Balances recent behavior with more history.	0.22
Correlation (5Y) Shows whether the relationship held over a longer period.	0.25
Correlation (All Time) Calculated using the full available price history since Jul 26, 2018	0.17

Fundamentals

Market Cap HUT : $12.12B LQDA : $7.48B
EPS HUT : -$2.77 LQDA : $0.23
PB Ratio HUT : 8.66 LQDA : 78.33
Total Revenue (TTM) HUT : -$40.96M LQDA : $288.07M
Gross Profit (TTM) HUT : -$132.19M LQDA : $275.77M
EBITDA (TTM) HUT : -$306.16M LQDA : $51.53M

Return for Risk

HUT vs. LQDA — 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

LQDA

LQDA Risk / Return Rank: 98
LQDA Sharpe Ratio Rank: 99
LQDA Sortino Ratio Rank: 98
LQDA Omega Ratio Rank: 97
LQDA Calmar Ratio Rank: 99
LQDA Martin Ratio Rank: 98

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. LQDA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hut 8 Corp. (HUT) and Liquidia Corporation (LQDA). 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	LQDA	Difference
Sharpe ratio: Return per unit of total volatility	3.81	5.31	-1.50
Sortino ratio: Return per unit of downside risk	3.35	4.71	-1.37
Omega ratio: Gain probability vs. loss probability	1.41	1.56	-0.16
Calmar ratio: Return relative to maximum drawdown	10.62	9.89	+0.73
Martin ratio: Return relative to average drawdown	26.07	25.71	+0.36

HUT vs. LQDA - Sharpe Ratio Comparison

The current HUT Sharpe Ratio is 3.81, which is comparable to the LQDA Sharpe Ratio of 5.31. The chart below compares the historical Sharpe Ratios of HUT and LQDA, 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. LQDA - Drawdown Comparison

The maximum HUT drawdown since its inception was -95.04%, roughly equal to the maximum LQDA drawdown of -93.87%. Use the drawdown chart below to compare losses from any high point for HUT and LQDA.

Drawdown Indicators

	HUT	LQDA	Difference
Max Drawdown Largest peak-to-trough decline	-95.04%	-93.87%	-1.17%
Max Drawdown (1Y) Largest decline over 1 year	-38.62%	-35.66%	-2.96%
Max Drawdown (3Y) Largest decline over 3 years	-65.08%	-46.80%	-18.28%
Max Drawdown (5Y) Largest decline over 5 years	-95.04%	-55.36%	-39.68%
Current Drawdown Current decline from peak	-19.09%	-5.53%	-13.56%
Average Drawdown Average peak-to-trough decline	-62.83%	-68.43%	+5.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.71%	13.69%	+2.02%

Volatility

HUT vs. LQDA - Volatility Comparison

Hut 8 Corp. (HUT) has a higher volatility of 37.29% compared to Liquidia Corporation (LQDA) at 19.04%. This indicates that HUT's price experiences larger fluctuations and is considered to be riskier than LQDA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HUT	LQDA	Difference
Volatility (1M) Calculated over the trailing 1-month period	37.29%	19.04%	+18.25%
Volatility (6M) Calculated over the trailing 6-month period	76.96%	48.97%	+27.99%
Volatility (1Y) Calculated over the trailing 1-year period	107.84%	66.53%	+41.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	105.81%	74.06%	+31.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	114.67%	85.46%	+29.21%

Dividends

HUT vs. LQDA - Dividend Comparison

Neither HUT nor LQDA has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both HUT and LQDA in my portfolio?

HUT and LQDA have a correlation of 0.24, 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 LQDA?

HUT has higher volatility (37.29%) compared to LQDA (19.04%). In terms of maximum drawdown, HUT dropped -95.04% vs LQDA's -93.87%.

Which has better risk-adjusted returns?

LQDA currently has the higher Sharpe Ratio (5.31 vs 3.81), 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.