RIOT vs. HUT.TO

Last updated Jun 16, 2026

RIOT (Riot Platforms, Inc.) and HUT.TO (Hut 8 Mining Corp.) are both stocks. RIOT operates in Software - Application (Technology), while HUT.TO operates in Capital Markets (Financial Services). Over the past 5 years, RIOT returned -4.35%/yr vs 43.51%/yr for HUT.TO. A 0.61 correlation means they provide meaningful diversification when combined.

Performance

RIOT vs. HUT.TO - Performance Comparison

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

Different Trading Currencies

RIOT is traded in USD, while HUT.TO is traded in CAD. To make them comparable, the HUT.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, RIOT achieves a 116.10% return, which is significantly lower than HUT.TO's 161.17% return.

RIOT

• 1D: 2.89%
• 1M: 16.56%
• YTD: 116.10%
• 6M: 99.71%
• 1Y: 181.69%
• 3Y*: 38.08%
• 5Y*: -4.35%
• 10Y*: 24.22%

HUT.TO

• 1D: 1.20%
• 1M: 17.16%
• YTD: 161.17%
• 6M: 239.55%
• 1Y: 589.14%
• 3Y*: 117.59%
• 5Y*: 43.51%
• 10Y*: —

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

RIOT vs. HUT.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
RIOT Riot Platforms, Inc.	116.10%	24.09%	-34.00%	356.34%	-84.82%	31.43%	1,416.96%	-25.83%	-86.06%
HUT.TO Hut 8 Mining Corp.	161.17%	124.66%	53.52%	212.26%	-89.01%	184.67%	234.10%	-20.29%	-71.62%

Correlation

The correlation between RIOT and HUT.TO is 0.71, 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	0.71
Correlation (3Y) Calculated over the trailing 3-year period	0.74
Correlation (5Y) Calculated over the trailing 5-year period	0.75
Correlation (All Time) Calculated using the full available price history since Mar 6, 2018	0.61

The correlation between RIOT and HUT.TO shifts across timeframes, from 0.61 (all time) to 0.75 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap RIOT : $9.52B HUT.TO : CA$18.67B
EPS RIOT : -$2.35 HUT.TO : -$2.70
PS Ratio RIOT : 15.45 HUT.TO : 48.83
PB Ratio RIOT : 3.97 HUT.TO : 9.68
Total Revenue (TTM) RIOT : $653.27M HUT.TO : $284.52M
Gross Profit (TTM) RIOT : $179.76M HUT.TO : $91.56M
EBITDA (TTM) RIOT : -$482.33M HUT.TO : $270.09M

Return for Risk

RIOT vs. HUT.TO — Risk / Return Rank

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

RIOT

RIOT Risk / Return Rank: 86
RIOT Sharpe Ratio Rank: 91
RIOT Sortino Ratio Rank: 85
RIOT Omega Ratio Rank: 83
RIOT Calmar Ratio Rank: 88
RIOT Martin Ratio Rank: 83

HUT.TO

HUT.TO Risk / Return Rank: 97
HUT.TO Sharpe Ratio Rank: 99
HUT.TO Sortino Ratio Rank: 95
HUT.TO Omega Ratio Rank: 94
HUT.TO Calmar Ratio Rank: 99
HUT.TO 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.

RIOT vs. HUT.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Riot Platforms, Inc. (RIOT) and Hut 8 Mining Corp. (HUT.TO). 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.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.18	5.79	-3.61
Sortino ratio: Return per unit of downside risk	2.59	3.94	-1.35
Omega ratio: Gain probability vs. loss probability	1.32	1.50	-0.19
Calmar ratio: Return relative to maximum drawdown	3.77	15.40	-11.63
Martin ratio: Return relative to average drawdown	7.45	41.73	-34.29

RIOT vs. HUT.TO - Sharpe Ratio Comparison

The current RIOT Sharpe Ratio is 2.18, which is lower than the HUT.TO Sharpe Ratio of 5.79. The chart below compares the historical Sharpe Ratios of RIOT and HUT.TO, 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.TO - Drawdown Comparison

The maximum RIOT drawdown since its inception was -99.98%, which is greater than HUT.TO's maximum drawdown of -94.89%. Use the drawdown chart below to compare losses from any high point for RIOT and HUT.TO.

Drawdown Indicators

	RIOT	HUT.TO	Difference
Max Drawdown Largest peak-to-trough decline	-99.98%	-94.89%	-5.09%
Max Drawdown (1Y) Largest decline over 1 year	-48.57%	-38.61%	-9.96%
Max Drawdown (3Y) Largest decline over 3 years	-69.00%	-71.43%	+2.43%
Max Drawdown (5Y) Largest decline over 5 years	-92.55%	-94.89%	+2.34%
Max Drawdown (10Y) Largest decline over 10 years	-98.32%	—	—
Current Drawdown Current decline from peak	-99.14%	-9.50%	-89.64%
Average Drawdown Average peak-to-trough decline	-87.84%	-63.43%	-24.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.50%	14.22%	+10.28%

Volatility

RIOT vs. HUT.TO - Volatility Comparison

The current volatility for Riot Platforms, Inc. (RIOT) is 20.16%, while Hut 8 Mining Corp. (HUT.TO) has a volatility of 27.03%. This indicates that RIOT experiences smaller price fluctuations and is considered to be less risky than HUT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RIOT	HUT.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.16%	27.03%	-6.87%
Volatility (6M) Calculated over the trailing 6-month period	62.21%	76.39%	-14.18%
Volatility (1Y) Calculated over the trailing 1-year period	84.19%	102.88%	-18.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	93.66%	104.88%	-11.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	112.19%	115.15%	-2.96%

Dividends

RIOT vs. HUT.TO - Dividend Comparison

Neither RIOT nor HUT.TO has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
HUT.TO Hut 8 Mining 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.TO in my portfolio?

RIOT and HUT.TO have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.