HUT vs. MARA
HUT (Hut 8 Corp.) and MARA (MARA Holdings, Inc.) are both stocks. Both operate in the Capital Markets industry within the Financial Services sector. Over the past 5 years, HUT returned 33.40%/yr vs -14.57%/yr for MARA. A 0.63 correlation means they provide meaningful diversification when combined.
Performance
HUT vs. MARA - Performance Comparison
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Returns By Period
In the year-to-date period, HUT achieves a 122.51% return, which is significantly higher than MARA's 40.31% return.
HUT
- 1D
- -3.77%
- 1M
- -14.00%
- 6M
- 70.25%
- YTD
- 122.51%
- 1Y
- 368.25%
- 3Y*
- 76.00%
- 5Y*
- 33.40%
- 10Y*
- —
MARA
- 1D
- -4.69%
- 1M
- -10.51%
- 6M
- 23.29%
- YTD
- 40.31%
- 1Y
- -34.17%
- 3Y*
- -10.18%
- 5Y*
- -14.57%
- 10Y*
- -11.75%
HUT vs. MARA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
HUT Hut 8 Corp. | 122.51% | 124.21% | 53.60% | 213.88% | -89.17% | 185.45% | 250.63% | -25.02% | -70.80% |
MARA MARA Holdings, Inc. | 40.31% | -46.45% | -28.61% | 586.84% | -89.59% | 214.75% | 1,084.48% | -39.16% | -80.10% |
Correlation
The correlation between HUT and MARA is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Mar 8, 2018 | 0.63 |
The correlation between HUT and MARA shifts across timeframes, from 0.59 (1 year) to 0.75 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
HUT:
$11.51B
MARA:
$4.80B
HUT:
-$2.77
MARA:
-$5.07
HUT:
-$40.96M
MARA:
$867.82M
HUT:
-$132.19M
MARA:
$164.95M
HUT:
-$306.16M
MARA:
$373.68M
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Return for Risk
HUT vs. MARA — Risk / Return Rank
HUT
MARA
HUT vs. MARA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hut 8 Corp. (HUT) and MARA Holdings, Inc. (MARA). 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 | MARA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.98 | ||
| Sortino ratioReturn per unit of downside risk | +3.45 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 0.98 | +0.42 |
| Calmar ratioReturn relative to maximum drawdown | 9.48 | -0.48 | +9.96 |
| Martin ratioReturn relative to average drawdown | 24.77 | -0.77 | +25.54 |
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Drawdowns
HUT vs. MARA - Drawdown Comparison
The maximum HUT drawdown since its inception was -95.04%, roughly equal to the maximum MARA drawdown of -99.74%. Use the drawdown chart below to compare losses from any high point for HUT and MARA.
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Drawdown Indicators
| HUT | MARA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.04% | -99.74% | +4.70% |
Max Drawdown (1Y)Largest decline over 1 year | -38.62% | -70.53% | +31.91% |
Max Drawdown (3Y)Largest decline over 3 years | -69.57% | -78.34% | +8.77% |
Max Drawdown (5Y)Largest decline over 5 years | -95.04% | -95.87% | +0.83% |
Max Drawdown (10Y)Largest decline over 10 years | — | -99.20% | — |
Current DrawdownCurrent decline from peak | -23.15% | -91.86% | +68.71% |
Average DrawdownAverage peak-to-trough decline | -63.12% | -78.07% | +14.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.75% | 43.89% | -29.14% |
Volatility
HUT vs. MARA - Volatility Comparison
Hut 8 Corp. (HUT) has a higher volatility of 24.42% compared to MARA Holdings, Inc. (MARA) at 22.11%. This indicates that HUT's price experiences larger fluctuations and is considered to be riskier than MARA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HUT | MARA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.42% | 22.11% | +2.31% |
Volatility (6M)Calculated over the trailing 6-month period | 71.69% | 60.73% | +10.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 102.93% | 79.33% | +23.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 105.52% | 106.01% | -0.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 114.48% | 144.20% | -29.72% |
Dividends
HUT vs. MARA - Dividend Comparison
Neither HUT nor MARA has paid dividends to shareholders.
Financials
HUT vs. MARA - Financials Comparison
This section allows you to compare key financial metrics between Hut 8 Corp. and MARA Holdings, 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 MARA have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HUT has higher volatility (24.42%) compared to MARA (22.11%). In terms of maximum drawdown, HUT dropped -95.04% vs MARA's -99.74%.
HUT currently has the higher Sharpe Ratio (3.56 vs -0.43), 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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