RIOT vs. HUT

Last updated Aug 1, 2026

RIOT (Riot Platforms, Inc.) and HUT (Hut 8 Corp.) are both stocks. RIOT operates in Software - Application (Technology), while HUT operates in Capital Markets (Financial Services). Over the past 5 years, RIOT returned -9.35%/yr vs 35.40%/yr for HUT. Their 0.64 correlation means they have sometimes moved together and sometimes differently.

Performance

RIOT vs. HUT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Riot Platforms, Inc. (RIOT) and Hut 8 Corp. (HUT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RIOT achieves a 59.19% return, which is significantly lower than HUT's 134.28% return.

RIOT

• 1D: -8.82%
• 1M: -8.77%
• 6M: 30.38%
• YTD: 59.19%
• 1Y: 82.86%
• 3Y*: 3.43%
• 5Y*: -9.35%
• 10Y*: 21.26%
• ALL TIME*: -13.09%

HUT

• 1D: -0.59%
• 1M: 10.80%
• 6M: 92.78%
• YTD: 134.28%
• 1Y: 444.14%
• 3Y*: 85.18%
• 5Y*: 35.40%
• 10Y*: —
• ALL TIME*: 23.81%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
HUT Hut 8 Corp.	$525.36M	$446.23M	$513.46M
RIOT Riot Platforms, Inc.	$439.38M	$373.88M	$414.01M

RIOT vs. HUT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
RIOT Riot Platforms, Inc.	59.19%	24.09%	-34.00%	356.34%	-84.82%	31.43%	1,416.96%	-25.83%	-85.02%
HUT Hut 8 Corp.	134.28%	124.21%	53.60%	213.88%	-89.17%	185.45%	250.63%	-25.02%	-70.80%

Correlation

The correlation between RIOT and HUT is 0.76, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.76
Correlation (3Y) Balances recent behavior with more history.	0.77
Correlation (5Y) Shows whether the relationship held over a longer period.	0.78
Correlation (All Time) Calculated using the full available price history since Mar 8, 2018	0.64

The correlation between RIOT and HUT shifts across timeframes, from 0.64 (all time) to 0.78 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap RIOT : $7.63B HUT : $12.12B
EPS RIOT : -$2.38 HUT : -$2.77
PB Ratio RIOT : 2.93 HUT : 8.66
Total Revenue (TTM) RIOT : $653.27M HUT : -$40.96M
Gross Profit (TTM) RIOT : $179.76M HUT : -$132.19M
EBITDA (TTM) RIOT : -$482.33M HUT : -$306.16M

Return for Risk

RIOT vs. HUT — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

RIOT

RIOT Risk / Return Rank: 66
RIOT Sharpe Ratio Rank: 65
RIOT Sortino Ratio Rank: 68
RIOT Omega Ratio Rank: 65
RIOT Calmar Ratio Rank: 67
RIOT Martin Ratio Rank: 65

HUT

HUT Risk / Return Rank: 97
HUT Sharpe Ratio Rank: 99
HUT Sortino Ratio Rank: 95
HUT Omega Ratio Rank: 93
HUT Calmar Ratio Rank: 99
HUT Martin Ratio Rank: 98

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

RIOT vs. HUT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Riot Platforms, Inc. (RIOT) 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.

	RIOT	HUT	Difference
Sharpe ratio: Return per unit of total volatility	0.57	3.81	-3.25
Sortino ratio: Return per unit of downside risk	1.38	3.35	-1.97
Omega ratio: Gain probability vs. loss probability	1.16	1.41	-0.24
Calmar ratio: Return relative to maximum drawdown	1.04	10.62	-9.58
Martin ratio: Return relative to average drawdown	2.01	26.07	-24.06

RIOT vs. HUT - Sharpe Ratio Comparison

The current RIOT Sharpe Ratio is 0.57, which is lower than the HUT Sharpe Ratio of 3.81. The chart below compares the historical Sharpe Ratios of RIOT and HUT, 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

RIOT vs. HUT - Drawdown Comparison

The maximum RIOT drawdown since its inception was -99.98%, which is greater than HUT's maximum drawdown of -95.04%. Use the drawdown chart below to compare losses from any high point for RIOT and HUT.

Drawdown Indicators

	RIOT	HUT	Difference
Max Drawdown Largest peak-to-trough decline	-99.98%	-95.04%	-4.94%
Max Drawdown (1Y) Largest decline over 1 year	-48.57%	-38.62%	-9.95%
Max Drawdown (3Y) Largest decline over 3 years	-66.22%	-65.08%	-1.14%
Max Drawdown (5Y) Largest decline over 5 years	-92.55%	-95.04%	+2.49%
Max Drawdown (10Y) Largest decline over 10 years	-98.32%	—	—
Current Drawdown Current decline from peak	-99.37%	-19.09%	-80.28%
Average Drawdown Average peak-to-trough decline	-87.90%	-62.83%	-25.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	25.38%	15.71%	+9.67%

Volatility

RIOT vs. HUT - Volatility Comparison

The current volatility for Riot Platforms, Inc. (RIOT) is 34.70%, while Hut 8 Corp. (HUT) has a volatility of 37.29%. This indicates that RIOT 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.

Volatility by Period

	RIOT	HUT	Difference
Volatility (1M) Calculated over the trailing 1-month period	34.70%	37.29%	-2.59%
Volatility (6M) Calculated over the trailing 6-month period	66.10%	76.96%	-10.86%
Volatility (1Y) Calculated over the trailing 1-year period	89.64%	107.84%	-18.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	94.06%	105.81%	-11.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	112.63%	114.67%	-2.04%

Dividends

RIOT vs. HUT - Dividend Comparison

Neither RIOT nor HUT has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
HUT Hut 8 Corp.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
RIOT Riot Platforms, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.52%

Financials

Frequently Asked Questions

Can I hold both RIOT and HUT in my portfolio?

RIOT and HUT 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, RIOT or HUT?

HUT has higher volatility (37.29%) compared to RIOT (34.70%). In terms of maximum drawdown, RIOT dropped -99.98% vs HUT's -95.04%.

Which has better risk-adjusted returns?

HUT currently has the higher Sharpe Ratio (3.81 vs 0.57), 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.