IREN vs. ETH-USD
Compare and contrast key facts about Iris Energy Limited (IREN) and Ethereum (ETH-USD).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IREN or ETH-USD.
Correlation
The correlation between IREN and ETH-USD is 0.35, 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
IREN vs. ETH-USD - Performance Comparison
Key characteristics
IREN:
0.04
ETH-USD:
-0.82
IREN:
0.92
ETH-USD:
-1.23
IREN:
1.10
ETH-USD:
0.88
IREN:
0.05
ETH-USD:
0.03
IREN:
0.13
ETH-USD:
-2.19
IREN:
33.75%
ETH-USD:
27.04%
IREN:
112.08%
ETH-USD:
57.35%
IREN:
-95.73%
ETH-USD:
-93.96%
IREN:
-72.74%
ETH-USD:
-62.69%
Returns By Period
In the year-to-date period, IREN achieves a -31.16% return, which is significantly higher than ETH-USD's -46.13% return.
IREN
-31.16%
-10.70%
-13.33%
14.77%
N/A
N/A
ETH-USD
-46.13%
-16.32%
-24.10%
-45.22%
66.08%
N/A
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Risk-Adjusted Performance
IREN vs. ETH-USD — Risk-Adjusted Performance Rank
IREN
ETH-USD
IREN vs. ETH-USD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Iris Energy Limited (IREN) and Ethereum (ETH-USD). 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.
Drawdowns
IREN vs. ETH-USD - Drawdown Comparison
The maximum IREN drawdown since its inception was -95.73%, roughly equal to the maximum ETH-USD drawdown of -93.96%. Use the drawdown chart below to compare losses from any high point for IREN and ETH-USD. For additional features, visit the drawdowns tool.
Volatility
IREN vs. ETH-USD - Volatility Comparison
Iris Energy Limited (IREN) has a higher volatility of 30.49% compared to Ethereum (ETH-USD) at 19.73%. This indicates that IREN's price experiences larger fluctuations and is considered to be riskier than ETH-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.