SKYE vs. WOLF

Last updated Jun 9, 2026

SKYE (Skye Bioscience, Inc) and WOLF (Wolfspeed, Inc.) are both stocks. SKYE operates in Biotechnology (Healthcare), while WOLF operates in Semiconductors (Technology). At a 0.17 correlation, their price movements are largely independent.

Performance

SKYE vs. WOLF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Skye Bioscience, Inc (SKYE) and Wolfspeed, Inc. (WOLF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SKYE achieves a 2.71% return, which is significantly lower than WOLF's 218.32% return.

SKYE

• 1D: 5.02%
• 1M: -10.75%
• YTD: 2.71%
• 6M: -36.36%
• 1Y: -68.31%
• 3Y*: -41.13%
• 5Y*: -54.71%
• 10Y*: -40.24%

WOLF

• 1D: 0.65%
• 1M: 18.93%
• YTD: 218.32%
• 6M: 141.90%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SKYE vs. WOLF - Yearly Performance Comparison

	2026 (YTD)	2025
SKYE Skye Bioscience, Inc	2.71%	-80.68%
WOLF Wolfspeed, Inc.	218.32%	-21.22%

Correlation

The correlation between SKYE and WOLF is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 30, 2025	0.17

Fundamentals

Market Cap SKYE : $30.55M WOLF : $21.77B
EPS SKYE : -$1.45 WOLF : -$11.53
PB Ratio SKYE : 3.39 WOLF : 21.31
Total Revenue (TTM) SKYE : $0.00 WOLF : $712.50M
Gross Profit (TTM) SKYE : -$180.01K WOLF : -$208.10M
EBITDA (TTM) SKYE : $10.92M WOLF : -$1.26B

Return for Risk

SKYE vs. WOLF — Risk / Return Rank

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

SKYE

SKYE Risk / Return Rank: 19
SKYE Sharpe Ratio Rank: 16
SKYE Sortino Ratio Rank: 22
SKYE Omega Ratio Rank: 21
SKYE Calmar Ratio Rank: 12
SKYE Martin Ratio Rank: 21

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.

SKYE vs. WOLF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Skye Bioscience, Inc (SKYE) and Wolfspeed, Inc. (WOLF). 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.

	SKYE	WOLF	Difference
Sharpe ratio: Return per unit of total volatility	-0.59	—	—
Sortino ratio: Return per unit of downside risk	-0.44	—	—
Omega ratio: Gain probability vs. loss probability	0.94	—	—
Calmar ratio: Return relative to maximum drawdown	-0.78	—	—
Martin ratio: Return relative to average drawdown	-1.04	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	SKYE	WOLF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.59	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.42	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.29	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.36	2.34	-2.70

Drawdowns

SKYE vs. WOLF - Drawdown Comparison

The maximum SKYE drawdown since its inception was -99.96%, which is greater than WOLF's maximum drawdown of -58.22%. Use the drawdown chart below to compare losses from any high point for SKYE and WOLF.

Drawdown Indicators

	SKYE	WOLF	Difference
Max Drawdown Largest peak-to-trough decline	-99.96%	-58.22%	-41.74%
Max Drawdown (1Y) Largest decline over 1 year	-87.85%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-96.79%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-98.66%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-99.83%	—	—
Current Drawdown Current decline from peak	-99.94%	-24.60%	-75.34%
Average Drawdown Average peak-to-trough decline	-94.95%	-34.87%	-60.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	65.76%	—	—

Volatility

Volatility by Period

	SKYE	WOLF	Difference
Volatility (1M) Calculated over the trailing 1-month period	28.64%	—	—
Volatility (6M) Calculated over the trailing 6-month period	63.38%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	115.33%	120.69%	-5.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	130.81%	120.69%	+10.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	137.31%	120.69%	+16.62%

Dividends

SKYE vs. WOLF - Dividend Comparison

Neither SKYE nor WOLF has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both SKYE and WOLF in my portfolio?

SKYE and WOLF have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.