IREN vs. HUT
IREN (IREN Limited) and HUT (Hut 8 Corp.) are both stocks. Both operate in the Capital Markets industry within the Financial Services sector. Over the past 3 years, IREN returned 79.10%/yr vs 82.54%/yr for HUT. Their 0.66 correlation means they have sometimes moved together and sometimes differently.
Performance
IREN vs. HUT - Performance Comparison
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Returns By Period
In the year-to-date period, IREN achieves a 1.30% return, which is significantly lower than HUT's 135.68% return.
IREN
- 1D
- 30.54%
- 1M
- -16.34%
- 6M
- -36.06%
- YTD
- 1.30%
- 1Y
- 137.05%
- 3Y*
- 79.10%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 6.87%
HUT
- 1D
- 22.78%
- 1M
- -6.22%
- 6M
- 75.96%
- YTD
- 135.68%
- 1Y
- 446.27%
- 3Y*
- 82.54%
- 5Y*
- 35.56%
- 10Y*
- —
- ALL TIME*
- 23.91%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
HUT Hut 8 Corp. | $518.07M | $453.86M | $513.78M |
IREN IREN Limited | $1.99B | $1.81B | $2.53B |
IREN vs. HUT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IREN IREN Limited | 1.30% | 284.62% | 37.34% | 472.00% | -92.27% | -42.25% |
HUT Hut 8 Corp. | 135.68% | 124.21% | 53.60% | 213.88% | -89.17% | -43.53% |
Correlation
The correlation between IREN and HUT is 0.71, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.71 |
Correlation (3Y) Balances recent behavior with more history. | 0.72 |
Correlation (All Time) Calculated using the full available price history since Nov 17, 2021 | 0.66 |
The correlation between IREN and HUT has been stable across timeframes, ranging from 0.66 to 0.72 - a consistent structural relationship.
Fundamentals
IREN:
$13.65B
HUT:
$12.19B
IREN:
$0.51
HUT:
-$2.77
IREN:
$757.07M
HUT:
-$40.96M
IREN:
$433.88M
HUT:
-$132.19M
IREN:
-$173.05M
HUT:
-$306.16M
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Return for Risk
IREN vs. HUT — Risk / Return Rank
IREN
HUT
IREN vs. HUT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IREN Limited (IREN) and Hut 8 Corp. (HUT). 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.
| IREN | HUT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.94 | ||
| Sortino ratioReturn per unit of downside risk | -1.30 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.42 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.24 | 11.65 | -9.42 |
| Martin ratioReturn relative to average drawdown | 4.00 | 28.67 | -24.67 |
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Drawdowns
IREN vs. HUT - Drawdown Comparison
The maximum IREN drawdown since its inception was -96.21%, roughly equal to the maximum HUT drawdown of -95.04%. Use the drawdown chart below to compare losses from any high point for IREN and HUT.
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Drawdown Indicators
| IREN | HUT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.21% | -95.04% | -1.17% |
Max Drawdown (1Y)Largest decline over 1 year | -61.64% | -38.62% | -23.02% |
Max Drawdown (3Y)Largest decline over 3 years | -65.56% | -65.08% | -0.48% |
Max Drawdown (5Y)Largest decline over 5 years | — | -95.04% | — |
Current DrawdownCurrent decline from peak | -49.93% | -18.61% | -31.32% |
Average DrawdownAverage peak-to-trough decline | -64.80% | -62.85% | -1.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.41% | 15.67% | +18.74% |
Volatility
IREN vs. HUT - Volatility Comparison
IREN Limited (IREN) has a higher volatility of 45.49% compared to Hut 8 Corp. (HUT) at 38.32%. This indicates that IREN's price experiences larger fluctuations and is considered to be riskier than HUT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IREN | HUT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 45.49% | 38.32% | +7.17% |
Volatility (6M)Calculated over the trailing 6-month period | 79.97% | 77.13% | +2.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 111.87% | 107.83% | +4.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 119.18% | 105.85% | +13.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 119.18% | 114.69% | +4.49% |
Dividends
IREN vs. HUT - Dividend Comparison
Neither IREN nor HUT has paid dividends to shareholders.
Financials
IREN vs. HUT - Financials Comparison
This section allows you to compare key financial metrics between IREN Limited and Hut 8 Corp.. 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 HUT have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IREN has higher volatility (45.49%) compared to HUT (38.32%). In terms of maximum drawdown, IREN dropped -96.21% vs HUT's -95.04%.
HUT currently has the higher Sharpe Ratio (4.17 vs 1.23), 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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