MARA vs. SLNH
MARA (MARA Holdings, Inc.) and SLNH (Soluna Holdings, Inc.) are both stocks. MARA operates in Capital Markets (Financial Services), while SLNH operates in Scientific & Technical Instruments (Technology). Over the past 10 years, MARA returned -10.80%/yr vs -18.44%/yr for SLNH. At a 0.20 correlation, their price movements are largely independent.
Performance
MARA vs. SLNH - Performance Comparison
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Returns By Period
In the year-to-date period, MARA achieves a 53.45% return, which is significantly higher than SLNH's 17.09% return. Over the past 10 years, MARA has outperformed SLNH with an annualized return of -10.80%, while SLNH has yielded a comparatively lower -18.44% annualized return.
MARA
- 1D
- 11.85%
- 1M
- 6.49%
- YTD
- 53.45%
- 6M
- 14.36%
- 1Y
- -12.67%
- 3Y*
- 13.68%
- 5Y*
- -12.02%
- 10Y*
- -10.80%
SLNH
- 1D
- 2.24%
- 1M
- -25.14%
- YTD
- 17.09%
- 6M
- -14.38%
- 1Y
- 117.46%
- 3Y*
- -34.14%
- 5Y*
- -63.03%
- 10Y*
- -18.44%
MARA vs. SLNH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MARA MARA Holdings, Inc. | 53.45% | -46.45% | -28.61% | 586.84% | -89.59% | 214.75% | 1,084.48% | -39.16% | -91.17% | -40.41% |
SLNH Soluna Holdings, Inc. | 17.09% | -44.29% | -47.50% | -38.67% | -97.58% | 128.45% | 602.99% | 47.87% | -20.05% | -30.35% |
Correlation
The correlation between MARA and SLNH is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since May 7, 2012 | 0.20 |
Over the past year, MARA and SLNH have become more correlated (0.46) than their long-term average of 0.20, meaning their price movements have been converging.
Fundamentals
MARA:
$5.24B
SLNH:
$115.22M
MARA:
-$4.95
SLNH:
-$1.63
MARA:
6.54
SLNH:
1.60
MARA:
$867.82M
SLNH:
$33.18M
MARA:
$164.95M
SLNH:
$28.87M
MARA:
$373.68M
SLNH:
-$25.84M
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Return for Risk
MARA vs. SLNH — Risk / Return Rank
MARA
SLNH
MARA vs. SLNH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MARA Holdings, Inc. (MARA) and Soluna Holdings, Inc. (SLNH). 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.
| MARA | SLNH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.74 | ||
| Sortino ratioReturn per unit of downside risk | -2.25 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.28 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.18 | 1.37 | -1.55 |
| Martin ratioReturn relative to average drawdown | -0.30 | 1.94 | -2.24 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MARA | SLNH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.16 | 0.58 | -0.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.11 | -0.44 | +0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.08 | -0.14 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.09 | -0.07 | -0.02 |
Drawdowns
MARA vs. SLNH - Drawdown Comparison
The maximum MARA drawdown since its inception was -99.74%, roughly equal to the maximum SLNH drawdown of -99.90%. Use the drawdown chart below to compare losses from any high point for MARA and SLNH.
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Drawdown Indicators
| MARA | SLNH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.74% | -99.90% | +0.16% |
Max Drawdown (1Y)Largest decline over 1 year | -70.53% | -86.26% | +15.73% |
Max Drawdown (3Y)Largest decline over 3 years | -78.34% | -95.57% | +17.23% |
Max Drawdown (5Y)Largest decline over 5 years | -95.87% | -99.90% | +4.03% |
Max Drawdown (10Y)Largest decline over 10 years | -99.20% | -99.90% | +0.70% |
Current DrawdownCurrent decline from peak | -91.09% | -99.67% | +8.58% |
Average DrawdownAverage peak-to-trough decline | -78.01% | -57.06% | -20.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 42.27% | 60.93% | -18.66% |
Volatility
MARA vs. SLNH - Volatility Comparison
The current volatility for MARA Holdings, Inc. (MARA) is 22.21%, while Soluna Holdings, Inc. (SLNH) has a volatility of 39.85%. This indicates that MARA experiences smaller price fluctuations and is considered to be less risky than SLNH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MARA | SLNH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.21% | 39.85% | -17.64% |
Volatility (6M)Calculated over the trailing 6-month period | 60.03% | 108.36% | -48.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 78.82% | 205.10% | -126.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 106.02% | 143.76% | -37.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 144.17% | 128.59% | +15.58% |
Dividends
MARA vs. SLNH - Dividend Comparison
Neither MARA nor SLNH has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
MARA MARA Holdings, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SLNH Soluna Holdings, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 110.45% |
Financials
MARA vs. SLNH - Financials Comparison
This section allows you to compare key financial metrics between MARA Holdings, Inc. and Soluna Holdings, 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
MARA and SLNH have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SLNH has higher volatility (39.85%) compared to MARA (22.21%). In terms of maximum drawdown, MARA dropped -99.74% vs SLNH's -99.90%.
SLNH currently has the higher Sharpe Ratio (0.58 vs -0.16), 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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