HUT vs. NVT
HUT (Hut 8 Corp. Common Stock) and NVT (nVent Electric plc) are both stocks. HUT operates in Capital Markets (Financial Services), while NVT operates in Electrical Equipment & Parts (Industrials). Over the past 5 years, HUT returned 42.61%/yr vs 40.23%/yr for NVT. At a 0.27 correlation, their price movements are largely independent.
Performance
HUT vs. NVT - Performance Comparison
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Returns By Period
In the year-to-date period, HUT achieves a 160.34% return, which is significantly higher than NVT's 61.19% return.
HUT
- 1D
- 6.56%
- 1M
- 21.47%
- YTD
- 160.34%
- 6M
- 178.59%
- 1Y
- 544.05%
- 3Y*
- 132.23%
- 5Y*
- 42.61%
- 10Y*
- —
NVT
- 1D
- 0.58%
- 1M
- -3.61%
- YTD
- 61.19%
- 6M
- 53.45%
- 1Y
- 142.75%
- 3Y*
- 52.77%
- 5Y*
- 40.23%
- 10Y*
- —
HUT vs. NVT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
HUT Hut 8 Corp. Common Stock | 160.34% | 124.21% | 53.60% | 213.88% | -89.17% | 185.45% | 250.63% | -25.02% | -66.47% |
NVT nVent Electric plc | 61.19% | 51.27% | 16.63% | 55.98% | 3.32% | 67.15% | -5.68% | 17.24% | 0.18% |
Correlation
The correlation between HUT and NVT is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since May 2, 2018 | 0.27 |
Over the past year, HUT and NVT have become more correlated (0.48) than their long-term average of 0.27, meaning their price movements have been converging.
Fundamentals
HUT:
$13.28B
NVT:
$26.86B
HUT:
-$2.73
NVT:
$3.00
HUT:
9.63
NVT:
7.08
HUT:
-$40.96M
NVT:
$4.33B
HUT:
-$132.19M
NVT:
$1.60B
HUT:
-$306.16M
NVT:
$857.60M
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Return for Risk
HUT vs. NVT — Risk / Return Rank
HUT
NVT
HUT vs. NVT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hut 8 Corp. Common Stock (HUT) and nVent Electric plc (NVT). 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.
| HUT | NVT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.83 | ||
| Sortino ratioReturn per unit of downside risk | -0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.52 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 14.21 | 8.48 | +5.73 |
| Martin ratioReturn relative to average drawdown | 39.02 | 29.48 | +9.55 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HUT | NVT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.36 | 3.53 | +1.83 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.40 | 1.13 | -0.72 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.79 | -0.56 |
Drawdowns
HUT vs. NVT - Drawdown Comparison
The maximum HUT drawdown since its inception was -95.04%, which is greater than NVT's maximum drawdown of -56.18%. Use the drawdown chart below to compare losses from any high point for HUT and NVT.
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Drawdown Indicators
| HUT | NVT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.04% | -56.18% | -38.86% |
Max Drawdown (1Y)Largest decline over 1 year | -38.62% | -16.93% | -21.69% |
Max Drawdown (3Y)Largest decline over 3 years | -71.68% | -46.67% | -25.01% |
Max Drawdown (5Y)Largest decline over 5 years | -95.04% | -46.67% | -48.37% |
Current DrawdownCurrent decline from peak | -10.09% | -7.13% | -2.96% |
Average DrawdownAverage peak-to-trough decline | -63.67% | -11.83% | -51.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.04% | 4.86% | +9.18% |
Volatility
HUT vs. NVT - Volatility Comparison
Hut 8 Corp. Common Stock (HUT) has a higher volatility of 24.05% compared to nVent Electric plc (NVT) at 11.44%. This indicates that HUT's price experiences larger fluctuations and is considered to be riskier than NVT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HUT | NVT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.05% | 11.44% | +12.61% |
Volatility (6M)Calculated over the trailing 6-month period | 75.69% | 31.94% | +43.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 102.62% | 40.76% | +61.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 106.40% | 35.96% | +70.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 114.79% | 38.38% | +76.41% |
Dividends
HUT vs. NVT - Dividend Comparison
HUT has not paid dividends to shareholders, while NVT's dividend yield for the trailing twelve months is around 0.50%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
HUT Hut 8 Corp. Common Stock | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NVT nVent Electric plc | 0.50% | 0.78% | 1.12% | 1.18% | 1.82% | 1.84% | 3.01% | 2.74% | 1.56% |
Financials
HUT vs. NVT - Financials Comparison
This section allows you to compare key financial metrics between Hut 8 Corp. Common Stock and nVent Electric plc. 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 NVT have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HUT has higher volatility (24.05%) compared to NVT (11.44%). In terms of maximum drawdown, HUT dropped -95.04% vs NVT's -56.18%.
HUT currently has the higher Sharpe Ratio (5.36 vs 3.53), 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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