THCH vs. CLSK
THCH (TH International Limited) and CLSK (CleanSpark, Inc.) are both stocks. THCH operates in Restaurants (Consumer Cyclical), while CLSK operates in Capital Markets (Financial Services). Over the past 3 years, THCH returned -48.46%/yr vs 30.96%/yr for CLSK. At a 0.10 correlation, their price movements are largely independent.
Performance
THCH vs. CLSK - Performance Comparison
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Returns By Period
In the year-to-date period, THCH achieves a -28.51% return, which is significantly lower than CLSK's 42.49% return.
THCH
- 1D
- 0.00%
- 1M
- 9.87%
- 6M
- -21.59%
- YTD
- -28.51%
- 1Y
- -38.41%
- 3Y*
- -48.46%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -52.12%
CLSK
- 1D
- 10.67%
- 1M
- -16.36%
- 6M
- 7.85%
- YTD
- 42.49%
- 1Y
- 12.83%
- 3Y*
- 30.96%
- 5Y*
- -0.11%
- 10Y*
- -7.95%
- ALL TIME*
- -8.12%
THCH vs. CLSK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
THCH TH International Limited | -28.51% | -29.86% | -59.43% | -37.05% | -52.64% |
CLSK CleanSpark, Inc. | 42.49% | 9.88% | -16.50% | 440.69% | -40.00% |
Correlation
The correlation between THCH and CLSK is -0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2022 | 0.10 |
The correlation between THCH and CLSK shifts across timeframes, from -0.00 (1 year) to 0.10 (all time), reflecting how their relationship changes across market environments.
Fundamentals
THCH:
$54.78M
CLSK:
$3.70B
THCH:
-CN¥14.84
CLSK:
-$2.64
THCH:
0.31
CLSK:
3.69
THCH:
CN¥1.27B
CLSK:
$739.88M
THCH:
CN¥137.75M
CLSK:
$306.93M
THCH:
-CN¥191.18M
CLSK:
-$103.41M
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Return for Risk
THCH vs. CLSK — Risk / Return Rank
THCH
CLSK
THCH vs. CLSK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TH International Limited (THCH) 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.
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.
| THCH | CLSK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.70 | ||
| Sortino ratioReturn per unit of downside risk | -1.42 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.10 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | -0.76 | 0.20 | -0.96 |
| Martin ratioReturn relative to average drawdown | -1.47 | 0.32 | -1.79 |
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Drawdowns
THCH vs. CLSK - Drawdown Comparison
The maximum THCH drawdown since its inception was -96.02%, roughly equal to the maximum CLSK drawdown of -98.56%. Use the drawdown chart below to compare losses from any high point for THCH and CLSK.
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Drawdown Indicators
| THCH | CLSK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.02% | -98.56% | +2.54% |
Max Drawdown (1Y)Largest decline over 1 year | -50.68% | -64.74% | +14.06% |
Max Drawdown (3Y)Largest decline over 3 years | -90.27% | -71.28% | -18.99% |
Max Drawdown (5Y)Largest decline over 5 years | — | -92.00% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -98.56% | — |
Current DrawdownCurrent decline from peak | -95.12% | -80.25% | -14.87% |
Average DrawdownAverage peak-to-trough decline | -79.54% | -69.85% | -9.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.09% | 40.56% | -14.47% |
Volatility
THCH vs. CLSK - Volatility Comparison
TH International Limited (THCH) has a higher volatility of 32.84% compared to CleanSpark, Inc. (CLSK) at 25.87%. This indicates that THCH'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
| THCH | CLSK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 32.84% | 25.87% | +6.97% |
Volatility (6M)Calculated over the trailing 6-month period | 58.73% | 62.07% | -3.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 68.98% | 89.16% | -20.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 78.59% | 101.19% | -22.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 78.59% | 183.42% | -104.83% |
Dividends
THCH vs. CLSK - Dividend Comparison
Neither THCH nor CLSK has paid dividends to shareholders.
Financials
THCH vs. CLSK - Financials Comparison
This section allows you to compare key financial metrics between TH International Limited 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.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
THCH and CLSK have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
THCH has higher volatility (32.84%) compared to CLSK (25.87%). In terms of maximum drawdown, THCH dropped -96.02% vs CLSK's -98.56%.
CLSK currently has the higher Sharpe Ratio (0.14 vs -0.56), 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.
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