TTI vs. IREN

Last updated Jun 13, 2026

TTI (TETRA Technologies, Inc.) and IREN (IREN Limited) are both stocks. TTI operates in Oil & Gas Equipment & Services (Energy), while IREN operates in Capital Markets (Financial Services). Over the past 3 years, TTI returned 52.72%/yr vs 155.58%/yr for IREN. At a 0.22 correlation, their price movements are largely independent.

Performance

TTI vs. IREN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TETRA Technologies, Inc. (TTI) and IREN Limited (IREN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TTI achieves a 10.99% return, which is significantly lower than IREN's 58.25% return.

TTI

• 1D: -0.48%
• 1M: -2.35%
• YTD: 10.99%
• 6M: 18.18%
• 1Y: 189.69%
• 3Y*: 52.72%
• 5Y*: 22.11%
• 10Y*: 5.28%

IREN

• 1D: 5.40%
• 1M: 8.34%
• YTD: 58.25%
• 6M: 48.94%
• 1Y: 487.71%
• 3Y*: 155.58%
• 5Y*: —
• 10Y*: —

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

TTI vs. IREN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
TTI TETRA Technologies, Inc.	10.99%	161.73%	-20.80%	30.64%	21.83%	-12.62%
IREN IREN Limited	58.25%	284.62%	37.34%	472.00%	-92.27%	-42.25%

Correlation

The correlation between TTI and IREN is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.24
Correlation (3Y) Calculated over the trailing 3-year period	0.21
Correlation (All Time) Calculated using the full available price history since Nov 17, 2021	0.22

Fundamentals

EPS TTI : $0.05 IREN : $0.45
PE Ratio TTI : 192.79 IREN : 131.80
PS Ratio TTI : 2.23 IREN : 13.39
Total Revenue (TTM) TTI : $630.05M IREN : $757.07M
Gross Profit (TTM) TTI : $154.82M IREN : $433.88M
EBITDA (TTM) TTI : $85.97M IREN : -$173.05M

Return for Risk

TTI vs. IREN — Risk / Return Rank

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

TTI

TTI Risk / Return Rank: 93
TTI Sharpe Ratio Rank: 97
TTI Sortino Ratio Rank: 92
TTI Omega Ratio Rank: 92
TTI Calmar Ratio Rank: 93
TTI Martin Ratio Rank: 92

IREN

IREN Risk / Return Rank: 95
IREN Sharpe Ratio Rank: 99
IREN Sortino Ratio Rank: 94
IREN Omega Ratio Rank: 91
IREN Calmar Ratio Rank: 97
IREN Martin Ratio Rank: 94

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.

TTI vs. IREN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TETRA Technologies, Inc. (TTI) and IREN Limited (IREN). 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.

	TTI	IREN	Difference
Sharpe ratio: Return per unit of total volatility	3.32	4.76	-1.45
Sortino ratio: Return per unit of downside risk	3.27	3.66	-0.39
Omega ratio: Gain probability vs. loss probability	1.44	1.42	+0.02
Calmar ratio: Return relative to maximum drawdown	5.07	8.39	-3.32
Martin ratio: Return relative to average drawdown	12.65	15.97	-3.32

TTI vs. IREN - Sharpe Ratio Comparison

The current TTI Sharpe Ratio is 3.32, which is lower than the IREN Sharpe Ratio of 4.76. The chart below compares the historical Sharpe Ratios of TTI and IREN, 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

TTI vs. IREN - Drawdown Comparison

The maximum TTI drawdown since its inception was -99.27%, roughly equal to the maximum IREN drawdown of -96.21%. Use the drawdown chart below to compare losses from any high point for TTI and IREN.

Drawdown Indicators

	TTI	IREN	Difference
Max Drawdown Largest peak-to-trough decline	-99.27%	-96.21%	-3.06%
Max Drawdown (1Y) Largest decline over 1 year	-37.66%	-58.62%	+20.96%
Max Drawdown (3Y) Largest decline over 3 years	-67.43%	-65.56%	-1.87%
Max Drawdown (5Y) Largest decline over 5 years	-67.43%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-96.60%	—	—
Current Drawdown Current decline from peak	-65.65%	-21.78%	-43.87%
Average Drawdown Average peak-to-trough decline	-55.74%	-65.42%	+9.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.07%	30.74%	-15.67%

Volatility

TTI vs. IREN - Volatility Comparison

The current volatility for TETRA Technologies, Inc. (TTI) is 18.32%, while IREN Limited (IREN) has a volatility of 34.10%. This indicates that TTI experiences smaller price fluctuations and is considered to be less risky than IREN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TTI	IREN	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.32%	34.10%	-15.78%
Volatility (6M) Calculated over the trailing 6-month period	41.03%	75.79%	-34.76%
Volatility (1Y) Calculated over the trailing 1-year period	57.80%	103.25%	-45.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	61.37%	118.61%	-57.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	75.51%	118.61%	-43.10%

Dividends

TTI vs. IREN - Dividend Comparison

Neither TTI nor IREN has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
IREN IREN Limited	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TTI TETRA Technologies, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2.34%

Financials

Frequently Asked Questions

Can I hold both TTI and IREN in my portfolio?

TTI and IREN have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TTI or IREN?

IREN has higher volatility (34.10%) compared to TTI (18.32%). In terms of maximum drawdown, TTI dropped -99.27% vs IREN's -96.21%.

Which has better risk-adjusted returns?

IREN currently has the higher Sharpe Ratio (4.76 vs 3.32), 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.