ZBRA vs. IREN
ZBRA (Zebra Technologies Corporation) and IREN (IREN Limited) are both stocks. ZBRA operates in Communication Equipment (Technology), while IREN operates in Capital Markets (Financial Services). Over the past 3 years, ZBRA returned -6.94%/yr vs 155.58%/yr for IREN. At a 0.32 correlation, their price movements are largely independent.
Performance
ZBRA vs. IREN - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ZBRA achieves a -5.93% return, which is significantly lower than IREN's 58.25% return.
ZBRA
- 1D
- 2.69%
- 1M
- -7.43%
- YTD
- -5.93%
- 6M
- -14.89%
- 1Y
- -21.96%
- 3Y*
- -6.94%
- 5Y*
- -14.79%
- 10Y*
- 15.25%
IREN
- 1D
- 5.40%
- 1M
- 8.34%
- YTD
- 58.25%
- 6M
- 48.94%
- 1Y
- 487.71%
- 3Y*
- 155.58%
- 5Y*
- —
- 10Y*
- —
ZBRA vs. IREN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ZBRA Zebra Technologies Corporation | -5.93% | -37.13% | 41.30% | 6.60% | -56.92% | -1.62% |
IREN IREN Limited | 58.25% | 284.62% | 37.34% | 472.00% | -92.27% | -42.25% |
Correlation
The correlation between ZBRA and IREN is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Nov 17, 2021 | 0.32 |
The correlation between ZBRA and IREN shifts across timeframes, from 0.18 (1 year) to 0.32 (all time), reflecting how their relationship changes across market environments.
Fundamentals
ZBRA:
$8.16
IREN:
$0.45
ZBRA:
27.99
IREN:
131.80
ZBRA:
2.10
IREN:
13.39
ZBRA:
$5.58B
IREN:
$757.07M
ZBRA:
$2.65B
IREN:
$433.88M
ZBRA:
$1.02B
IREN:
-$173.05M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ZBRA vs. IREN — Risk / Return Rank
ZBRA
IREN
ZBRA vs. IREN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Zebra Technologies Corporation (ZBRA) 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.
| ZBRA | IREN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.29 | ||
| Sortino ratioReturn per unit of downside risk | -4.16 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.42 | -0.48 |
| Calmar ratioReturn relative to maximum drawdown | -0.53 | 8.39 | -8.92 |
| Martin ratioReturn relative to average drawdown | -0.90 | 15.97 | -16.87 |
Loading charts...
Drawdowns
ZBRA vs. IREN - Drawdown Comparison
The maximum ZBRA drawdown since its inception was -73.42%, smaller than the maximum IREN drawdown of -96.21%. Use the drawdown chart below to compare losses from any high point for ZBRA and IREN.
Loading charts...
Drawdown Indicators
| ZBRA | IREN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.42% | -96.21% | +22.79% |
Max Drawdown (1Y)Largest decline over 1 year | -41.62% | -58.62% | +17.00% |
Max Drawdown (3Y)Largest decline over 3 years | -52.67% | -65.56% | +12.89% |
Max Drawdown (5Y)Largest decline over 5 years | -67.78% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -67.78% | — | — |
Current DrawdownCurrent decline from peak | -62.83% | -21.78% | -41.05% |
Average DrawdownAverage peak-to-trough decline | -27.71% | -65.42% | +37.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.36% | 30.74% | -6.38% |
Volatility
ZBRA vs. IREN - Volatility Comparison
The current volatility for Zebra Technologies Corporation (ZBRA) is 14.63%, while IREN Limited (IREN) has a volatility of 34.10%. This indicates that ZBRA 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.
Loading charts...
Volatility by Period
| ZBRA | IREN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.63% | 34.10% | -19.47% |
Volatility (6M)Calculated over the trailing 6-month period | 31.30% | 75.79% | -44.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.22% | 103.25% | -61.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.49% | 118.61% | -78.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.38% | 118.61% | -79.23% |
Dividends
ZBRA vs. IREN - Dividend Comparison
Neither ZBRA nor IREN has paid dividends to shareholders.
Financials
ZBRA vs. IREN - Financials Comparison
This section allows you to compare key financial metrics between Zebra Technologies Corporation and IREN Limited. 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
ZBRA and IREN have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IREN has higher volatility (34.10%) compared to ZBRA (14.63%). In terms of maximum drawdown, ZBRA dropped -73.42% vs IREN's -96.21%.
IREN currently has the higher Sharpe Ratio (4.76 vs -0.52), 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.
Find the right allocation for ZBRA and IREN
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer