IREN vs. CORZ
IREN (IREN Limited) and CORZ (Core Scientific, Inc) are both stocks. IREN operates in Capital Markets (Financial Services), while CORZ operates in Software - Infrastructure (Technology). Over the past year, IREN returned 555.99% vs 122.21% for CORZ. A 0.59 correlation means they provide meaningful diversification when combined.
Performance
IREN vs. CORZ - Performance Comparison
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Returns By Period
In the year-to-date period, IREN achieves a 63.78% return, which is significantly lower than CORZ's 91.69% return.
IREN
- 1D
- -5.53%
- 1M
- 13.01%
- YTD
- 63.78%
- 6M
- 33.18%
- 1Y
- 555.99%
- 3Y*
- 169.51%
- 5Y*
- —
- 10Y*
- —
CORZ
- 1D
- -3.53%
- 1M
- 25.78%
- YTD
- 91.69%
- 6M
- 63.41%
- 1Y
- 122.21%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IREN vs. CORZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IREN IREN Limited | 63.78% | 284.62% | 145.50% |
CORZ Core Scientific, Inc | 91.69% | 3.63% | 308.43% |
Correlation
The correlation between IREN and CORZ is 0.60, 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 | 0.60 |
Correlation (All Time) Calculated using the full available price history since Jan 25, 2024 | 0.59 |
The correlation between IREN and CORZ has been stable across timeframes, ranging from 0.59 to 0.60 - a consistent structural relationship.
Fundamentals
IREN:
$0.45
CORZ:
-$3.81
IREN:
13.86
CORZ:
25.13
IREN:
$757.07M
CORZ:
$354.74M
IREN:
$433.88M
CORZ:
$59.79M
IREN:
-$173.05M
CORZ:
$78.17M
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Return for Risk
IREN vs. CORZ — Risk / Return Rank
IREN
CORZ
IREN vs. CORZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IREN Limited (IREN) and Core Scientific, Inc (CORZ). 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.
| IREN | CORZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.81 | ||
| Sortino ratioReturn per unit of downside risk | +1.53 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.30 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 9.57 | 3.02 | +6.55 |
| Martin ratioReturn relative to average drawdown | 18.38 | 5.84 | +12.53 |
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
| IREN | CORZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.52 | 1.71 | +3.81 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.19 | 1.69 | -1.49 |
Drawdowns
IREN vs. CORZ - Drawdown Comparison
The maximum IREN drawdown since its inception was -95.73%, which is greater than CORZ's maximum drawdown of -64.95%. Use the drawdown chart below to compare losses from any high point for IREN and CORZ.
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Drawdown Indicators
| IREN | CORZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.73% | -64.95% | -30.78% |
Max Drawdown (1Y)Largest decline over 1 year | -58.62% | -40.74% | -17.88% |
Max Drawdown (3Y)Largest decline over 3 years | -65.56% | — | — |
Current DrawdownCurrent decline from peak | -19.04% | -3.92% | -15.12% |
Average DrawdownAverage peak-to-trough decline | -62.75% | -20.10% | -42.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.46% | 21.00% | +9.46% |
Volatility
IREN vs. CORZ - Volatility Comparison
IREN Limited (IREN) has a higher volatility of 32.05% compared to Core Scientific, Inc (CORZ) at 20.40%. This indicates that IREN's price experiences larger fluctuations and is considered to be riskier than CORZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IREN | CORZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 32.05% | 20.40% | +11.65% |
Volatility (6M)Calculated over the trailing 6-month period | 73.58% | 47.03% | +26.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 101.77% | 71.98% | +29.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 118.39% | 85.30% | +33.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 118.39% | 85.30% | +33.09% |
Dividends
IREN vs. CORZ - Dividend Comparison
Neither IREN nor CORZ has paid dividends to shareholders.
Financials
IREN vs. CORZ - Financials Comparison
This section allows you to compare key financial metrics between IREN Limited and Core Scientific, 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
IREN and CORZ have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IREN has higher volatility (32.05%) compared to CORZ (20.40%). In terms of maximum drawdown, IREN dropped -95.73% vs CORZ's -64.95%.
IREN currently has the higher Sharpe Ratio (5.52 vs 1.71), 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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