NINE vs. IREN

Last updated Jun 4, 2026

NINE (Nine Energy Service, Inc.) and IREN (IREN Limited) are both stocks. NINE operates in Oil & Gas Equipment & Services (Energy), while IREN operates in Capital Markets (Financial Services). Over the past 3 years, NINE returned 48.83%/yr vs 165.47%/yr for IREN. At a 0.16 correlation, their price movements are largely independent.

Performance

NINE vs. IREN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nine Energy Service, Inc. (NINE) and IREN Limited (IREN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NINE achieves a 3,113.77% return, which is significantly higher than IREN's 73.37% return.

NINE

• 1D: 0.09%
• 1M: 11.32%
• YTD: 3,113.77%
• 6M: 2,423.85%
• 1Y: 2,061.06%
• 3Y*: 48.83%
• 5Y*: 35.98%
• 10Y*: —

IREN

• 1D: -1.68%
• 1M: 32.34%
• YTD: 73.37%
• 6M: 48.95%
• 1Y: 636.56%
• 3Y*: 165.47%
• 5Y*: —
• 10Y*: —

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

NINE vs. IREN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
NINE Nine Energy Service, Inc.	3,113.77%	-69.13%	-58.21%	-81.56%	1,353.00%	-40.48%
IREN IREN Limited	73.37%	284.62%	37.34%	472.00%	-92.27%	-33.87%

Correlation

The correlation between NINE and IREN is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.15
Correlation (3Y) Calculated over the trailing 3-year period	0.13
Correlation (All Time) Calculated using the full available price history since Nov 18, 2021	0.16

Fundamentals

EPS NINE : $1.79 IREN : $0.45
PE Ratio NINE : 6.21 IREN : 144.40
PS Ratio NINE : 0.72 IREN : 14.67
Total Revenue (TTM) NINE : $541.44M IREN : $757.07M
Gross Profit (TTM) NINE : $46.43M IREN : $433.88M
EBITDA (TTM) NINE : $41.45M IREN : -$173.05M

Return for Risk

NINE vs. IREN — Risk / Return Rank

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

NINE

NINE Risk / Return Rank: 97
NINE Sharpe Ratio Rank: 85
NINE Sortino Ratio Rank: 100
NINE Omega Ratio Rank: 100
NINE Calmar Ratio Rank: 100
NINE Martin Ratio Rank: 99

IREN

IREN Risk / Return Rank: 96
IREN Sharpe Ratio Rank: 99
IREN Sortino Ratio Rank: 95
IREN Omega Ratio Rank: 92
IREN Calmar Ratio Rank: 98
IREN Martin Ratio Rank: 95

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.

NINE vs. IREN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nine Energy Service, Inc. (NINE) and IREN Limited (IREN). 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.

	NINE	IREN	Difference
Sharpe ratio Return per unit of total volatility	1.71	6.33	-4.61
Sortino ratio Return per unit of downside risk	21.32	4.12	+17.20
Omega ratio Gain probability vs. loss probability	4.03	1.48	+2.55
Calmar ratio Return relative to maximum drawdown	30.98	10.96	+20.02
Martin ratio Return relative to average drawdown	50.90	21.06	+29.84
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NINE vs. IREN - Sharpe Ratio Comparison

The current NINE Sharpe Ratio is 1.71, which is lower than the IREN Sharpe Ratio of 6.33. The chart below compares the historical Sharpe Ratios of NINE and IREN, 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

	NINE	IREN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.71	6.33	-4.61
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.06	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.02	0.21	-0.23

Drawdowns

NINE vs. IREN - Drawdown Comparison

The maximum NINE drawdown since its inception was -99.19%, roughly equal to the maximum IREN drawdown of -95.73%. Use the drawdown chart below to compare losses from any high point for NINE and IREN.

Drawdown Indicators

	NINE	IREN	Difference
Max Drawdown Largest peak-to-trough decline	-99.19%	-95.73%	-3.46%
Max Drawdown (1Y) Largest decline over 1 year	-72.93%	-58.62%	-14.31%
Max Drawdown (3Y) Largest decline over 3 years	-93.81%	-65.56%	-28.25%
Max Drawdown (5Y) Largest decline over 5 years	-98.06%	—	—
Current Drawdown Current decline from peak	-71.56%	-14.30%	-57.26%
Average Drawdown Average peak-to-trough decline	-80.18%	-62.79%	-17.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	43.79%	30.44%	+13.35%

Volatility

NINE vs. IREN - Volatility Comparison

The current volatility for Nine Energy Service, Inc. (NINE) is 10.35%, while IREN Limited (IREN) has a volatility of 32.69%. This indicates that NINE experiences smaller price fluctuations and is considered to be less risky than IREN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NINE	IREN	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.35%	32.69%	-22.34%
Volatility (6M) Calculated over the trailing 6-month period	269.22%	75.24%	+193.98%
Volatility (1Y) Calculated over the trailing 1-year period	1,318.80%	101.57%	+1,217.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	594.71%	118.41%	+476.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	465.60%	118.41%	+347.19%

Dividends

NINE vs. IREN - Dividend Comparison

Neither NINE nor IREN has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both NINE and IREN in my portfolio?

NINE and IREN have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NINE or IREN?

IREN has higher volatility (32.69%) compared to NINE (10.35%). In terms of maximum drawdown, NINE dropped -99.19% vs IREN's -95.73%.

Which has better risk-adjusted returns?

IREN currently has the higher Sharpe Ratio (6.33 vs 1.71), 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.