SLNH vs. MARA
Compare and contrast key facts about Soluna Holdings, Inc. (SLNH) and Marathon Digital Holdings, Inc. (MARA).
Performance
SLNH vs. MARA - Performance Comparison
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SLNH vs. MARA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SLNH Soluna Holdings, Inc. | -39.59% | -44.29% | -47.50% | -38.67% | -97.58% | 128.45% | 602.99% | 47.87% | -20.05% | -30.35% |
MARA Marathon Digital Holdings, Inc. | -9.13% | -46.45% | -28.61% | 586.84% | -89.59% | 214.75% | 1,084.48% | -39.16% | -91.17% | -40.41% |
Fundamentals
SLNH:
-$2.26
MARA:
-$4.32
SLNH:
0.56
MARA:
2.73
SLNH:
$29.72M
MARA:
$907.09M
SLNH:
$22.31M
MARA:
$576.49M
SLNH:
-$8.88M
MARA:
-$559.37M
Returns By Period
In the year-to-date period, SLNH achieves a -39.59% return, which is significantly lower than MARA's -9.13% return. Over the past 10 years, SLNH has underperformed MARA with an annualized return of -23.66%, while MARA has yielded a comparatively higher -12.64% 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%
MARA
- 1D
- 4.68%
- 1M
- -8.72%
- YTD
- -9.13%
- 6M
- -55.31%
- 1Y
- -29.04%
- 3Y*
- -2.19%
- 5Y*
- -30.09%
- 10Y*
- -12.64%
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Return for Risk
SLNH vs. MARA — Risk / Return Rank
SLNH
MARA
SLNH vs. MARA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Soluna Holdings, Inc. (SLNH) and Marathon Digital Holdings, Inc. (MARA). 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.
| SLNH | MARA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.05 | -0.36 | +0.41 |
Sortino ratioReturn per unit of downside risk | 1.79 | -0.03 | +1.82 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.00 | +0.20 |
Calmar ratioReturn relative to maximum drawdown | -0.24 | -0.49 | +0.25 |
Martin ratioReturn relative to average drawdown | -0.38 | -0.94 | +0.55 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SLNH | MARA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.05 | -0.36 | +0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.50 | -0.28 | -0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.19 | -0.09 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.09 | -0.11 | +0.02 |
Correlation
The correlation between SLNH and MARA is 0.20, 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. MARA - Dividend Comparison
Neither SLNH nor MARA has paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SLNH Soluna Holdings, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 110.45% |
MARA Marathon Digital Holdings, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SLNH vs. MARA - Drawdown Comparison
The maximum SLNH drawdown since its inception was -99.90%, roughly equal to the maximum MARA drawdown of -99.74%. Use the drawdown chart below to compare losses from any high point for SLNH and MARA.
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Drawdown Indicators
| SLNH | MARA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.90% | -99.74% | -0.16% |
Max Drawdown (1Y)Largest decline over 1 year | -86.26% | -70.53% | -15.73% |
Max Drawdown (5Y)Largest decline over 5 years | -99.90% | -95.87% | -4.03% |
Max Drawdown (10Y)Largest decline over 10 years | -99.90% | -99.20% | -0.70% |
Current DrawdownCurrent decline from peak | -99.83% | -94.73% | -5.10% |
Average DrawdownAverage peak-to-trough decline | -56.59% | -77.82% | +21.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 54.53% | 36.95% | +17.58% |
Volatility
SLNH vs. MARA - Volatility Comparison
Soluna Holdings, Inc. (SLNH) has a higher volatility of 35.60% compared to Marathon Digital Holdings, Inc. (MARA) at 25.28%. This indicates that SLNH's price experiences larger fluctuations and is considered to be riskier than MARA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SLNH | MARA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 35.60% | 25.28% | +10.32% |
Volatility (6M)Calculated over the trailing 6-month period | 118.82% | 61.57% | +57.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 201.33% | 81.91% | +119.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 140.95% | 107.54% | +33.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 127.54% | 144.05% | -16.51% |
Financials
SLNH vs. MARA - Financials Comparison
This section allows you to compare key financial metrics between Soluna Holdings, Inc. and Marathon Digital Holdings, 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.
Total Revenue: Total amount of money received from sales and other business activities