HUT vs ONON
Comparison between Hut 8 Corp (HUT, Company) and On Holding AG Class A (ONON, Company).
HUT is from the Financial Services sector, while ONON is from the Consumer Cyclical sector.
5-Year PerformanceHUT has outperformed ONON, delivering a return of +41.6% compared to +1.2%
HUT vs ONON - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
HUT vs ONON - Historical Returns
Returns include dividend reinvestment.
HUT vs ONON - Annual Returns (2018 - 2026)
Returns include dividend reinvestment.
| Year | HUT | ONON |
|---|---|---|
| 2026 | +118.92% | -21.02% |
| 2025 | +109.87% | -16.06% |
| 2024 | +62.62% | +104.67% |
| 2023 | +226.32% | +58.00% |
| 2022 | -89.06% | -55.64% |
| 2021 | +157.46% | +8.03% |
| 2020 | +243.24% | N/A |
| 2019 | -39.38% | N/A |
| 2018 | -70.92% | N/A |
HUT vs ONON Drawdown Comparison
The maximum drawdown for HUT was -95.04%, occurring on Dec 27, 2022. Recovery took 1116 trading sessions.
The maximum drawdown for ONON was -68.90%, occurring on Oct 10, 2022. Recovery took 717 trading sessions.
The current HUT drawdown is -15.62%. The current ONON drawdown is -41.72%.
| Rank | HUT | ONON |
|---|---|---|
| #1 | -95.04% Nov 8, 2021 - Apr 22, 2026 | -68.90% Nov 17, 2021 - Sep 26, 2024 |
| #2 | -88.73% Mar 8, 2018 - Jan 7, 2021 | -49.89% Jan 30, 2025 - Mar 30, 2026 |
| #3 | -65.74% Feb 22, 2021 - Sep 3, 2021 | -25.31% Sep 17, 2021 - Nov 5, 2021 |
| #4 | -45.54% Jan 8, 2021 - Feb 9, 2021 | -10.53% Oct 8, 2024 - Nov 11, 2024 |
| #5 | -27.65% Sep 3, 2021 - Oct 11, 2021 | -8.46% Dec 3, 2024 - Jan 21, 2025 |
| #6 | -15.62% Jun 2, 2026 - Jun 5, 2026 | -7.04% Nov 5, 2021 - Nov 16, 2021 |
| #7 | -14.68% May 14, 2026 - May 26, 2026 | -4.58% Sep 26, 2024 - Oct 4, 2024 |
| #8 | -12.06% Apr 22, 2026 - May 6, 2026 | -3.49% Nov 14, 2024 - Nov 19, 2024 |
| #9 | -9.72% Oct 20, 2021 - Oct 25, 2021 | -2.53% Oct 4, 2024 - Oct 8, 2024 |
| #10 | -9.62% May 6, 2026 - May 14, 2026 | -2.32% Jan 21, 2025 - Jan 23, 2025 |
| #11 | -7.82% Oct 25, 2021 - Oct 29, 2021 | -0.97% Nov 25, 2024 - Dec 2, 2024 |
| #12 | -6.14% Nov 2, 2021 - Nov 8, 2021 | -0.91% Jan 23, 2025 - Jan 28, 2025 |
| #13 | -5.61% Oct 11, 2021 - Oct 13, 2021 | -0.17% Nov 11, 2024 - Nov 14, 2024 |
| #14 | -4.85% Feb 9, 2021 - Feb 12, 2021 | N/A |
| #15 | -2.40% Oct 13, 2021 - Oct 15, 2021 | N/A |
Correlation
Correlation between HUT and ONON is 0.23 which considered as a very weak or no correlation - the stocks move independently of each other.
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