LAES vs. WULF

Last updated Jun 9, 2026

LAES (SEALSQ Corp) and WULF (TeraWulf Inc.) are both stocks. LAES operates in Semiconductors (Technology), while WULF operates in Capital Markets (Financial Services). Over the past 3 years, LAES returned -31.28%/yr vs 168.90%/yr for WULF. At a 0.26 correlation, their price movements are largely independent.

Performance

LAES vs. WULF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SEALSQ Corp (LAES) and TeraWulf Inc. (WULF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LAES achieves a -14.81% return, which is significantly lower than WULF's 125.07% return.

LAES

• 1D: 0.63%
• 1M: 10.27%
• YTD: -14.81%
• 6M: -34.42%
• 1Y: -6.94%
• 3Y*: -31.28%
• 5Y*: —
• 10Y*: —

WULF

• 1D: 7.75%
• 1M: 10.56%
• YTD: 125.07%
• 6M: 72.86%
• 1Y: 494.48%
• 3Y*: 168.90%
• 5Y*: 22.83%
• 10Y*: 10.67%

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

LAES vs. WULF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
LAES SEALSQ Corp	-14.81%	-38.54%	380.47%	-92.82%
WULF TeraWulf Inc.	125.07%	103.00%	135.83%	50.94%

Correlation

The correlation between LAES and WULF is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (3Y) Calculated over the trailing 3-year period	0.26
Correlation (All Time) Calculated using the full available price history since May 24, 2023	0.26

The correlation between LAES and WULF shifts across timeframes, from 0.26 (3 years) to 0.44 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

EPS LAES : -$0.43 WULF : -$2.55
PS Ratio LAES : 10.60 WULF : 61.90
Total Revenue (TTM) LAES : $35.37M WULF : $168.06M
Gross Profit (TTM) LAES : $13.21M WULF : $107.59M
EBITDA (TTM) LAES : -$41.81M WULF : -$132.10M

Return for Risk

LAES vs. WULF — Risk / Return Rank

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

LAES

LAES Risk / Return Rank: 43
LAES Sharpe Ratio Rank: 40
LAES Sortino Ratio Rank: 50
LAES Omega Ratio Rank: 47
LAES Calmar Ratio Rank: 39
LAES Martin Ratio Rank: 39

WULF

WULF Risk / Return Rank: 97
WULF Sharpe Ratio Rank: 99
WULF Sortino Ratio Rank: 96
WULF Omega Ratio Rank: 94
WULF Calmar Ratio Rank: 99
WULF Martin Ratio Rank: 99

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.

LAES vs. WULF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SEALSQ Corp (LAES) and TeraWulf Inc. (WULF). 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.

	LAES	WULF	Difference
Sharpe ratio: Return per unit of total volatility	-0.06	4.72	-4.79
Sortino ratio: Return per unit of downside risk	0.78	4.27	-3.49
Omega ratio: Gain probability vs. loss probability	1.08	1.51	-0.42
Calmar ratio: Return relative to maximum drawdown	-0.10	15.71	-15.81
Martin ratio: Return relative to average drawdown	-0.16	41.48	-41.64
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LAES vs. WULF - Sharpe Ratio Comparison

The current LAES Sharpe Ratio is -0.06, which is lower than the WULF Sharpe Ratio of 4.72. The chart below compares the historical Sharpe Ratios of LAES and WULF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	LAES	WULF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.06	4.72	-4.79
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.18	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.11	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.28	0.11	-0.39

Drawdowns

LAES vs. WULF - Drawdown Comparison

The maximum LAES drawdown since its inception was -98.44%, roughly equal to the maximum WULF drawdown of -98.50%. Use the drawdown chart below to compare losses from any high point for LAES and WULF.

Drawdown Indicators

	LAES	WULF	Difference
Max Drawdown Largest peak-to-trough decline	-98.44%	-98.50%	+0.06%
Max Drawdown (1Y) Largest decline over 1 year	-72.68%	-31.74%	-40.94%
Max Drawdown (3Y) Largest decline over 3 years	-98.07%	-75.77%	-22.30%
Max Drawdown (5Y) Largest decline over 5 years	—	-98.50%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-98.50%	—
Current Drawdown Current decline from peak	-85.34%	-28.31%	-57.03%
Average Drawdown Average peak-to-trough decline	-84.70%	-46.67%	-38.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	42.96%	12.00%	+30.96%

Volatility

LAES vs. WULF - Volatility Comparison

SEALSQ Corp (LAES) has a higher volatility of 28.36% compared to TeraWulf Inc. (WULF) at 21.75%. This indicates that LAES's price experiences larger fluctuations and is considered to be riskier than WULF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LAES	WULF	Difference
Volatility (1M) Calculated over the trailing 1-month period	28.36%	21.75%	+6.61%
Volatility (6M) Calculated over the trailing 6-month period	66.00%	64.60%	+1.40%
Volatility (1Y) Calculated over the trailing 1-year period	110.53%	105.83%	+4.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	170.27%	127.48%	+42.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	170.27%	101.40%	+68.87%

Dividends

LAES vs. WULF - Dividend Comparison

Neither LAES nor WULF has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
LAES SEALSQ Corp	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
WULF TeraWulf Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	33.22%

Financials

Frequently Asked Questions

Can I hold both LAES and WULF in my portfolio?

LAES and WULF have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LAES or WULF?

LAES has higher volatility (28.36%) compared to WULF (21.75%). In terms of maximum drawdown, LAES dropped -98.44% vs WULF's -98.50%.

Which has better risk-adjusted returns?

WULF currently has the higher Sharpe Ratio (4.72 vs -0.06), 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.