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SLNH vs. CLSK
Performance
Return for Risk
Dividends
Drawdowns
Volatility
Financials

Performance

SLNH vs. CLSK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Soluna Holdings, Inc. (SLNH) and CleanSpark, Inc. (CLSK). The values are adjusted to include any dividend payments, if applicable.

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SLNH vs. CLSK - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
SLNH
Soluna Holdings, Inc.
-39.59%-44.29%-47.50%-38.67%-97.58%128.45%602.99%47.87%-20.05%-30.35%
CLSK
CleanSpark, Inc.
-15.91%9.88%-16.50%440.69%-78.57%-67.23%442.99%-73.90%-15.98%-30.29%

Fundamentals

EPS

SLNH:

-$2.26

CLSK:

-$1.28

PS Ratio

SLNH:

0.56

CLSK:

2.20

Total Revenue (TTM)

SLNH:

$29.72M

CLSK:

$785.19M

Gross Profit (TTM)

SLNH:

$22.31M

CLSK:

$256.57M

EBITDA (TTM)

SLNH:

-$8.88M

CLSK:

$131.94M

Returns By Period

In the year-to-date period, SLNH achieves a -39.59% return, which is significantly lower than CLSK's -15.91% return. Over the past 10 years, SLNH has underperformed CLSK with an annualized return of -23.66%, while CLSK has yielded a comparatively higher -11.84% annualized return.


SLNH

1D
16.40%
1M
-18.69%
YTD
-39.59%
6M
-69.92%
1Y
10.78%
3Y*
-52.87%
5Y*
-70.13%
10Y*
-23.66%

CLSK

1D
4.03%
1M
-14.47%
YTD
-15.91%
6M
-41.31%
1Y
26.64%
3Y*
45.20%
5Y*
-18.02%
10Y*
-11.84%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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Return for Risk

SLNH vs. CLSK — Risk / Return Rank

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

SLNH
SLNH Risk / Return Rank: 5151
Overall Rank
SLNH Sharpe Ratio Rank: 4343
Sharpe Ratio Rank
SLNH Sortino Ratio Rank: 7474
Sortino Ratio Rank
SLNH Omega Ratio Rank: 6767
Omega Ratio Rank
SLNH Calmar Ratio Rank: 3434
Calmar Ratio Rank
SLNH Martin Ratio Rank: 3535
Martin Ratio Rank

CLSK
CLSK Risk / Return Rank: 5353
Overall Rank
CLSK Sharpe Ratio Rank: 5353
Sharpe Ratio Rank
CLSK Sortino Ratio Rank: 5959
Sortino Ratio Rank
CLSK Omega Ratio Rank: 5555
Omega Ratio Rank
CLSK Calmar Ratio Rank: 5050
Calmar Ratio Rank
CLSK Martin Ratio Rank: 4949
Martin Ratio Rank
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.

SLNH vs. CLSK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Soluna Holdings, Inc. (SLNH) and CleanSpark, Inc. (CLSK). 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.


SLNHCLSKDifference

Sharpe ratio

Return per unit of total volatility

0.05

0.29

-0.24

Sortino ratio

Return per unit of downside risk

1.79

1.11

+0.69

Omega ratio

Gain probability vs. loss probability

1.19

1.12

+0.07

Calmar ratio

Return relative to maximum drawdown

-0.24

0.28

-0.53

Martin ratio

Return relative to average drawdown

-0.38

0.54

-0.92

SLNH vs. CLSK - Sharpe Ratio Comparison

The current SLNH Sharpe Ratio is 0.05, which is lower than the CLSK Sharpe Ratio of 0.29. The chart below compares the historical Sharpe Ratios of SLNH and CLSK, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Sharpe Ratios by Period


SLNHCLSKDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.05

0.29

-0.24

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.50

-0.18

-0.32

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

-0.19

-0.06

-0.12

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.09

-0.06

-0.03

Correlation

The correlation between SLNH and CLSK is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


Dividends

SLNH vs. CLSK - Dividend Comparison

Neither SLNH nor CLSK has paid dividends to shareholders.


TTM2025202420232022202120202019
SLNH
Soluna Holdings, Inc.
0.00%0.00%0.00%0.00%0.00%0.00%0.00%110.45%
CLSK
CleanSpark, Inc.
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

SLNH vs. CLSK - Drawdown Comparison

The maximum SLNH drawdown since its inception was -99.90%, roughly equal to the maximum CLSK drawdown of -98.56%. Use the drawdown chart below to compare losses from any high point for SLNH and CLSK.


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Drawdown Indicators


SLNHCLSKDifference

Max Drawdown

Largest peak-to-trough decline

-99.90%

-98.56%

-1.34%

Max Drawdown (1Y)

Largest decline over 1 year

-86.26%

-64.74%

-21.52%

Max Drawdown (5Y)

Largest decline over 5 years

-99.90%

-92.25%

-7.65%

Max Drawdown (10Y)

Largest decline over 10 years

-99.90%

-98.56%

-1.34%

Current Drawdown

Current decline from peak

-99.83%

-88.34%

-11.49%

Average Drawdown

Average peak-to-trough decline

-56.59%

-69.27%

+12.68%

Ulcer Index

Depth and duration of drawdowns from previous peaks

54.53%

33.98%

+20.55%

Volatility

SLNH vs. CLSK - Volatility Comparison

Soluna Holdings, Inc. (SLNH) has a higher volatility of 35.60% compared to CleanSpark, Inc. (CLSK) at 22.06%. This indicates that SLNH's price experiences larger fluctuations and is considered to be riskier than CLSK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


SLNHCLSKDifference

Volatility (1M)

Calculated over the trailing 1-month period

35.60%

22.06%

+13.54%

Volatility (6M)

Calculated over the trailing 6-month period

118.82%

70.97%

+47.85%

Volatility (1Y)

Calculated over the trailing 1-year period

201.33%

91.62%

+109.71%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

140.95%

101.41%

+39.54%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

127.54%

184.30%

-56.76%

Financials

SLNH vs. CLSK - Financials Comparison

This section allows you to compare key financial metrics between Soluna Holdings, Inc. and CleanSpark, 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.


Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities


0.0050.00M100.00M150.00M200.00MAprilJulyOctober2022AprilJulyOctober2023AprilJulyOctober2024AprilJulyOctober2025AprilJulyOctober
9.21M
181.18M
(SLNH) Total Revenue
(CLSK) Total Revenue
Values in USD except per share items