MARA vs. HUT
MARA (MARA Holdings, Inc.) and HUT (Hut 8 Corp.) are both stocks. Both operate in the Capital Markets industry within the Financial Services sector. Over the past 5 years, MARA returned -13.13%/yr vs 36.21%/yr for HUT. A 0.63 correlation means they provide meaningful diversification when combined.
Performance
MARA vs. HUT - Performance Comparison
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Returns By Period
In the year-to-date period, MARA achieves a 35.75% return, which is significantly lower than HUT's 115.87% return.
MARA
- 1D
- -3.25%
- 1M
- -13.42%
- 6M
- 14.46%
- YTD
- 35.75%
- 1Y
- -36.31%
- 3Y*
- -12.30%
- 5Y*
- -13.13%
- 10Y*
- -13.09%
HUT
- 1D
- -2.98%
- 1M
- -16.57%
- 6M
- 62.33%
- YTD
- 115.87%
- 1Y
- 354.28%
- 3Y*
- 68.31%
- 5Y*
- 36.21%
- 10Y*
- —
MARA vs. HUT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
MARA MARA Holdings, Inc. | 35.75% | -46.45% | -28.61% | 586.84% | -89.59% | 214.75% | 1,084.48% | -39.16% | -80.10% |
HUT Hut 8 Corp. | 115.87% | 124.21% | 53.60% | 213.88% | -89.17% | 185.45% | 250.63% | -25.02% | -70.80% |
Correlation
The correlation between MARA and HUT is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Mar 8, 2018 | 0.63 |
The correlation between MARA and HUT shifts across timeframes, from 0.60 (1 year) to 0.75 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
MARA:
$4.65B
HUT:
$11.17B
MARA:
-$5.07
HUT:
-$2.77
MARA:
$867.82M
HUT:
-$40.96M
MARA:
$164.95M
HUT:
-$132.19M
MARA:
$373.68M
HUT:
-$306.16M
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Return for Risk
MARA vs. HUT — Risk / Return Rank
MARA
HUT
MARA vs. HUT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MARA Holdings, Inc. (MARA) 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.
| MARA | HUT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.93 | ||
| Sortino ratioReturn per unit of downside risk | -3.49 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.40 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.52 | 9.25 | -9.76 |
| Martin ratioReturn relative to average drawdown | -0.83 | 24.02 | -24.85 |
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Drawdowns
MARA vs. HUT - Drawdown Comparison
The maximum MARA drawdown since its inception was -99.74%, roughly equal to the maximum HUT drawdown of -95.04%. Use the drawdown chart below to compare losses from any high point for MARA and HUT.
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Drawdown Indicators
| MARA | HUT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.74% | -95.04% | -4.70% |
Max Drawdown (1Y)Largest decline over 1 year | -70.53% | -38.62% | -31.91% |
Max Drawdown (3Y)Largest decline over 3 years | -78.34% | -69.57% | -8.77% |
Max Drawdown (5Y)Largest decline over 5 years | -95.87% | -95.04% | -0.83% |
Max Drawdown (10Y)Largest decline over 10 years | -99.20% | — | — |
Current DrawdownCurrent decline from peak | -92.12% | -25.45% | -66.67% |
Average DrawdownAverage peak-to-trough decline | -78.07% | -63.11% | -14.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 43.99% | 14.83% | +29.16% |
Volatility
MARA vs. HUT - Volatility Comparison
The current volatility for MARA Holdings, Inc. (MARA) is 21.71%, while Hut 8 Corp. (HUT) has a volatility of 23.78%. This indicates that MARA experiences smaller price fluctuations and is considered to be less risky 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
| MARA | HUT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.71% | 23.78% | -2.07% |
Volatility (6M)Calculated over the trailing 6-month period | 60.74% | 71.77% | -11.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 79.50% | 103.14% | -23.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 106.04% | 105.49% | +0.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 144.24% | 114.46% | +29.78% |
Dividends
MARA vs. HUT - Dividend Comparison
Neither MARA nor HUT has paid dividends to shareholders.
Financials
MARA vs. HUT - Financials Comparison
This section allows you to compare key financial metrics between MARA Holdings, Inc. 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
MARA and HUT have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HUT has higher volatility (23.78%) compared to MARA (21.71%). In terms of maximum drawdown, MARA dropped -99.74% vs HUT's -95.04%.
HUT currently has the higher Sharpe Ratio (3.47 vs -0.46), 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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