KEEL vs. HIVE

Last updated Jun 13, 2026

KEEL (Keel Infrastructure Corporation) and HIVE (HIVE Blockchain Technologies Ltd) are both stocks. Both operate in the Capital Markets industry within the Financial Services sector. Over the past 5 years, KEEL returned 6.74%/yr vs -20.84%/yr for HIVE. A 0.64 correlation means they provide meaningful diversification when combined.

Performance

KEEL vs. HIVE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Keel Infrastructure Corporation (KEEL) and HIVE Blockchain Technologies Ltd (HIVE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KEEL achieves a 137.87% return, which is significantly higher than HIVE's 44.57% return.

KEEL

• 1D: 1.27%
• 1M: 34.70%
• YTD: 137.87%
• 6M: 104.01%
• 1Y: 542.53%
• 3Y*: 67.95%
• 5Y*: 6.74%
• 10Y*: —

HIVE

• 1D: -1.58%
• 1M: 35.14%
• YTD: 44.57%
• 6M: 21.90%
• 1Y: 91.28%
• 3Y*: 6.13%
• 5Y*: -20.84%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

KEEL vs. HIVE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
KEEL Keel Infrastructure Corporation	137.87%	57.72%	-48.80%	561.36%	-91.29%	165.79%	397.66%	-27.96%	-64.19%
HIVE HIVE Blockchain Technologies Ltd	44.57%	-9.47%	-37.09%	214.58%	-89.09%	39.68%	2,600.00%	-64.10%	-69.05%

Correlation

The correlation between KEEL and HIVE is 0.76, 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	0.76
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.82
Correlation (All Time) Calculated using the full available price history since Aug 28, 2018	0.64

The correlation between KEEL and HIVE shifts across timeframes, from 0.64 (all time) to 0.82 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

EPS KEEL : -$0.51 HIVE : -$0.33
PS Ratio KEEL : 13.52 HIVE : 3.19
Total Revenue (TTM) KEEL : $229.28M HIVE : $257.14M
Gross Profit (TTM) KEEL : -$18.90M HIVE : $58.57M
EBITDA (TTM) KEEL : -$149.60M HIVE : $87.81M

Return for Risk

KEEL vs. HIVE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

KEEL

KEEL Risk / Return Rank: 95
KEEL Sharpe Ratio Rank: 99
KEEL Sortino Ratio Rank: 96
KEEL Omega Ratio Rank: 93
KEEL Calmar Ratio Rank: 96
KEEL Martin Ratio Rank: 91

HIVE

HIVE Risk / Return Rank: 70
HIVE Sharpe Ratio Rank: 72
HIVE Sortino Ratio Rank: 76
HIVE Omega Ratio Rank: 71
HIVE Calmar Ratio Rank: 67
HIVE Martin Ratio Rank: 62

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

KEEL vs. HIVE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Keel Infrastructure Corporation (KEEL) and HIVE Blockchain Technologies Ltd (HIVE). 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.

	KEEL	HIVE	Difference
Sharpe ratio: Return per unit of total volatility	4.96	0.96	+4.00
Sortino ratio: Return per unit of downside risk	4.01	1.91	+2.10
Omega ratio: Gain probability vs. loss probability	1.48	1.22	+0.26
Calmar ratio: Return relative to maximum drawdown	7.43	1.23	+6.21
Martin ratio: Return relative to average drawdown	12.38	1.96	+10.42

KEEL vs. HIVE - Sharpe Ratio Comparison

The current KEEL Sharpe Ratio is 4.96, which is higher than the HIVE Sharpe Ratio of 0.96. The chart below compares the historical Sharpe Ratios of KEEL and HIVE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

KEEL vs. HIVE - Drawdown Comparison

The maximum KEEL drawdown since its inception was -95.72%, roughly equal to the maximum HIVE drawdown of -97.73%. Use the drawdown chart below to compare losses from any high point for KEEL and HIVE.

Drawdown Indicators

	KEEL	HIVE	Difference
Max Drawdown Largest peak-to-trough decline	-95.72%	-97.73%	+2.01%
Max Drawdown (1Y) Largest decline over 1 year	-73.65%	-74.86%	+1.21%
Max Drawdown (3Y) Largest decline over 3 years	-81.04%	-80.27%	-0.77%
Max Drawdown (5Y) Largest decline over 5 years	-95.72%	-94.61%	-1.11%
Current Drawdown Current decline from peak	-36.98%	-86.10%	+49.12%
Average Drawdown Average peak-to-trough decline	-67.50%	-78.56%	+11.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	44.14%	46.70%	-2.56%

Volatility

KEEL vs. HIVE - Volatility Comparison

The current volatility for Keel Infrastructure Corporation (KEEL) is 27.86%, while HIVE Blockchain Technologies Ltd (HIVE) has a volatility of 39.86%. This indicates that KEEL experiences smaller price fluctuations and is considered to be less risky than HIVE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KEEL	HIVE	Difference
Volatility (1M) Calculated over the trailing 1-month period	27.86%	39.86%	-12.00%
Volatility (6M) Calculated over the trailing 6-month period	70.45%	67.14%	+3.31%
Volatility (1Y) Calculated over the trailing 1-year period	110.33%	95.73%	+14.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	104.97%	93.17%	+11.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	291.07%	109.17%	+181.90%

Dividends

KEEL vs. HIVE - Dividend Comparison

Neither KEEL nor HIVE has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both KEEL and HIVE in my portfolio?

KEEL and HIVE have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KEEL or HIVE?

HIVE has higher volatility (39.86%) compared to KEEL (27.86%). In terms of maximum drawdown, KEEL dropped -95.72% vs HIVE's -97.73%.

Which has better risk-adjusted returns?

KEEL currently has the higher Sharpe Ratio (4.96 vs 0.96), 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.