IREN vs. PSIX
IREN (IREN Limited) and PSIX (Power Solutions International, Inc.) are both stocks. IREN operates in Capital Markets (Financial Services), while PSIX operates in Specialty Industrial Machinery (Industrials). Over the past 3 years, IREN returned 159.78%/yr vs 159.38%/yr for PSIX. At a 0.19 correlation, their price movements are largely independent.
Performance
IREN vs. PSIX - Performance Comparison
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Returns By Period
In the year-to-date period, IREN achieves a 58.75% return, which is significantly higher than PSIX's -29.45% return.
IREN
- 1D
- 3.18%
- 1M
- 3.27%
- YTD
- 58.75%
- 6M
- 50.20%
- 1Y
- 472.68%
- 3Y*
- 159.78%
- 5Y*
- —
- 10Y*
- —
PSIX
- 1D
- 3.57%
- 1M
- 1.82%
- YTD
- -29.45%
- 6M
- -41.35%
- 1Y
- -32.43%
- 3Y*
- 159.38%
- 5Y*
- 60.37%
- 10Y*
- 8.72%
IREN vs. PSIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IREN IREN Limited | 58.75% | 284.62% | 37.34% | 472.00% | -92.27% | -42.25% |
PSIX Power Solutions International, Inc. | -29.45% | 92.07% | 1,351.22% | -31.67% | 0.00% | -31.66% |
Correlation
The correlation between IREN and PSIX is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Nov 17, 2021 | 0.19 |
Over the past year, IREN and PSIX have become more correlated (0.39) than their long-term average of 0.19, meaning their price movements have been converging.
Fundamentals
IREN:
$0.45
PSIX:
$4.43
IREN:
132.22
PSIX:
9.10
IREN:
13.43
PSIX:
1.58
IREN:
$757.07M
PSIX:
$586.96M
IREN:
$433.88M
PSIX:
$172.81M
IREN:
-$173.05M
PSIX:
$102.78M
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Return for Risk
IREN vs. PSIX — Risk / Return Rank
IREN
PSIX
IREN vs. PSIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IREN Limited (IREN) and Power Solutions International, Inc. (PSIX). 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 | PSIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +5.33 | ||
| Sortino ratioReturn per unit of downside risk | +3.51 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.03 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 8.81 | -0.47 | +9.28 |
| Martin ratioReturn relative to average drawdown | 16.69 | -0.85 | +17.54 |
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Drawdowns
IREN vs. PSIX - Drawdown Comparison
The maximum IREN drawdown since its inception was -96.21%, roughly equal to the maximum PSIX drawdown of -98.55%. Use the drawdown chart below to compare losses from any high point for IREN and PSIX.
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Drawdown Indicators
| IREN | PSIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.21% | -98.55% | +2.34% |
Max Drawdown (1Y)Largest decline over 1 year | -58.62% | -68.60% | +9.98% |
Max Drawdown (3Y)Largest decline over 3 years | -65.56% | -68.60% | +3.04% |
Max Drawdown (5Y)Largest decline over 5 years | — | -84.38% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -93.77% | — |
Current DrawdownCurrent decline from peak | -21.53% | -65.18% | +43.65% |
Average DrawdownAverage peak-to-trough decline | -65.27% | -68.20% | +2.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.86% | 37.86% | -7.00% |
Volatility
IREN vs. PSIX - Volatility Comparison
IREN Limited (IREN) has a higher volatility of 31.21% compared to Power Solutions International, Inc. (PSIX) at 18.87%. This indicates that IREN's price experiences larger fluctuations and is considered to be riskier than PSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IREN | PSIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 31.21% | 18.87% | +12.34% |
Volatility (6M)Calculated over the trailing 6-month period | 74.23% | 89.33% | -15.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 102.92% | 102.90% | +0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 118.43% | 113.34% | +5.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 118.43% | 105.94% | +12.49% |
Dividends
IREN vs. PSIX - Dividend Comparison
Neither IREN nor PSIX has paid dividends to shareholders.
Financials
IREN vs. PSIX - Financials Comparison
This section allows you to compare key financial metrics between IREN Limited and Power Solutions International, 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 PSIX have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IREN has higher volatility (31.21%) compared to PSIX (18.87%). In terms of maximum drawdown, IREN dropped -96.21% vs PSIX's -98.55%.
IREN currently has the higher Sharpe Ratio (5.02 vs -0.32), 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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