HUT vs. SPY
Compare and contrast key facts about Hut 8 Corp. Common Stock (HUT) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HUT or SPY.
Correlation
The correlation between HUT and SPY is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
HUT vs. SPY - Performance Comparison
Key characteristics
HUT:
0.47
SPY:
0.34
HUT:
1.38
SPY:
0.62
HUT:
1.16
SPY:
1.09
HUT:
0.53
SPY:
0.35
HUT:
1.43
SPY:
1.64
HUT:
33.62%
SPY:
4.00%
HUT:
102.84%
SPY:
19.55%
HUT:
-95.04%
SPY:
-55.19%
HUT:
-85.62%
SPY:
-12.02%
Returns By Period
In the year-to-date period, HUT achieves a -44.22% return, which is significantly lower than SPY's -7.99% return.
HUT
-44.22%
-9.43%
-2.89%
57.87%
37.35%
N/A
SPY
-7.99%
-4.19%
-6.68%
7.93%
15.74%
11.91%
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Risk-Adjusted Performance
HUT vs. SPY — Risk-Adjusted Performance Rank
HUT
SPY
HUT vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Hut 8 Corp. Common Stock (HUT) and SPDR S&P 500 ETF (SPY). 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.
Dividends
HUT vs. SPY - Dividend Comparison
HUT has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.33%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HUT Hut 8 Corp. Common Stock | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.33% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
HUT vs. SPY - Drawdown Comparison
The maximum HUT drawdown since its inception was -95.04%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for HUT and SPY. For additional features, visit the drawdowns tool.
Volatility
HUT vs. SPY - Volatility Comparison
Hut 8 Corp. Common Stock (HUT) has a higher volatility of 29.87% compared to SPDR S&P 500 ETF (SPY) at 14.47%. This indicates that HUT's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.