WULF vs. CLSK
WULF (TeraWulf Inc.) and CLSK (CleanSpark, Inc.) are both stocks. Both operate in the Capital Markets industry within the Financial Services sector. Over the past 10 years, WULF returned 10.67%/yr vs -6.10%/yr for CLSK. At a 0.37 correlation, their price movements are largely independent.
Performance
WULF vs. CLSK - Performance Comparison
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Returns By Period
In the year-to-date period, WULF achieves a 125.07% return, which is significantly higher than CLSK's 63.24% return. Over the past 10 years, WULF has outperformed CLSK with an annualized return of 10.67%, while CLSK has yielded a comparatively lower -6.10% annualized return.
WULF
- 1D
- 7.75%
- 1M
- 10.56%
- YTD
- 125.07%
- 6M
- 72.86%
- 1Y
- 494.48%
- 3Y*
- 168.90%
- 5Y*
- 22.83%
- 10Y*
- 10.67%
CLSK
- 1D
- 5.97%
- 1M
- 16.34%
- YTD
- 63.24%
- 6M
- 18.93%
- 1Y
- 68.74%
- 3Y*
- 63.21%
- 5Y*
- -2.64%
- 10Y*
- -6.10%
WULF vs. CLSK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WULF TeraWulf Inc. | 125.07% | 103.00% | 135.83% | 260.58% | -95.58% | 77.08% | 86.34% | -36.55% | 12.13% | -33.16% |
CLSK CleanSpark, Inc. | 63.24% | 9.88% | -16.50% | 440.69% | -78.57% | -67.23% | 442.99% | -73.90% | -15.98% | -30.29% |
Correlation
The correlation between WULF and CLSK is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2016 | 0.37 |
Over the past year, WULF and CLSK have become more correlated (0.68) than their long-term average of 0.37, meaning their price movements have been converging.
Fundamentals
WULF:
-$2.55
CLSK:
-$2.24
WULF:
61.90
CLSK:
4.99
WULF:
$168.06M
CLSK:
$739.88M
WULF:
$107.59M
CLSK:
$306.93M
WULF:
-$132.10M
CLSK:
-$103.41M
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Return for Risk
WULF vs. CLSK — Risk / Return Rank
WULF
CLSK
WULF vs. CLSK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TeraWulf Inc. (WULF) 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.
| WULF | CLSK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.94 | ||
| Sortino ratioReturn per unit of downside risk | +2.66 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.18 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 15.71 | 1.07 | +14.65 |
| Martin ratioReturn relative to average drawdown | 41.48 | 1.78 | +39.70 |
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
| WULF | CLSK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.72 | 0.78 | +3.94 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.18 | -0.03 | +0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.11 | -0.03 | +0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.11 | -0.03 | +0.14 |
Drawdowns
WULF vs. CLSK - Drawdown Comparison
The maximum WULF drawdown since its inception was -98.50%, roughly equal to the maximum CLSK drawdown of -98.56%. Use the drawdown chart below to compare losses from any high point for WULF and CLSK.
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Drawdown Indicators
| WULF | CLSK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.50% | -98.56% | +0.06% |
Max Drawdown (1Y)Largest decline over 1 year | -31.74% | -64.74% | +33.00% |
Max Drawdown (3Y)Largest decline over 3 years | -75.77% | -71.28% | -4.49% |
Max Drawdown (5Y)Largest decline over 5 years | -98.50% | -92.00% | -6.50% |
Max Drawdown (10Y)Largest decline over 10 years | -98.50% | -98.56% | +0.06% |
Current DrawdownCurrent decline from peak | -28.31% | -77.37% | +49.06% |
Average DrawdownAverage peak-to-trough decline | -46.67% | -69.50% | +22.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.00% | 38.77% | -26.77% |
Volatility
WULF vs. CLSK - Volatility Comparison
TeraWulf Inc. (WULF) and CleanSpark, Inc. (CLSK) have volatilities of 21.75% and 21.72%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WULF | CLSK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.75% | 21.72% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 64.60% | 62.80% | +1.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 105.83% | 88.35% | +17.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 127.48% | 100.80% | +26.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 101.40% | 183.29% | -81.89% |
Dividends
WULF vs. CLSK - Dividend Comparison
Neither WULF nor CLSK has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
CLSK CleanSpark, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WULF TeraWulf Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 33.22% |
Financials
WULF vs. CLSK - Financials Comparison
This section allows you to compare key financial metrics between TeraWulf 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.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
WULF and CLSK have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WULF has higher volatility (21.75%) compared to CLSK (21.72%). In terms of maximum drawdown, WULF dropped -98.50% vs CLSK's -98.56%.
WULF currently has the higher Sharpe Ratio (4.72 vs 0.78), 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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