HUT vs SPY
Comparison between Hut 8 Corp (HUT, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceHUT has outperformed SPY, delivering a return of +31.0% compared to +13.3%
HUT vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Market Cap / Net Assets
HUT
$12B
Winner
SPY
$652B
Expense Ratio
HUT
N/A
SPY
0.09%
Max Drawdown
HUT
95.04%
Winner
SPY
56.47%
Sharpe Ratio
Winner
HUT
2.46
SPY
2.07
5Y Beta
HUT
3.26
Winner
SPY
1.00
Industry
HUT
Capital Markets
SPY
N/A
P/E Ratio
Winner
HUT
-40.24
SPY
28.24
Forward P/E
HUT
84.75
Winner
SPY
21.85
5Y Dividends CAGR
HUT
N/A
SPY
5.43%
5Y EPS CAGR
HUT
N/A
SPY
25.79%
Debt to Equity
Winner
HUT
0.00%
SPY
22.35%
Free Cash Flow Yield
HUT
-1.08%
SPY
N/A
P/S Ratio
HUT
38.54
Winner
SPY
3.55
P/B Ratio
HUT
6.18
Winner
SPY
5.29
HUT vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
Winner
HUT
+60.28%
SPY
+9.11%
3M
Winner
HUT
+73.07%
SPY
+6.59%
6M
Winner
HUT
+120.81%
SPY
+10.56%
1Y
Winner
HUT
+594.85%
SPY
+32.04%
5Y(CAGR)
Winner
HUT
+30.96%
SPY
+13.35%
10Y(CAGR)
Winner
HUT
+23.14%
SPY
+15.49%
Max(CAGR)
Winner
HUT
+23.14%
SPY
+8.50%
HUT vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | HUT | SPY |
|---|---|---|
| 2026 | +92.04% | +8.27% |
| 2025 | +109.87% | +18.00% |
| 2024 | +62.62% | +25.59% |
| 2023 | +226.32% | +26.72% |
| 2022 | -89.06% | -18.64% |
| 2021 | +157.46% | +30.52% |
| 2020 | +243.24% | +17.28% |
| 2019 | -39.38% | +31.09% |
| 2018 | -70.92% | -5.24% |
| 2017 | N/A | +20.78% |
| 2016 | N/A | +13.59% |
| 2015 | N/A | +1.31% |
| 2014 | N/A | +14.56% |
| 2013 | N/A | +29.00% |
| 2012 | N/A | +14.17% |
| 2011 | N/A | +0.85% |
| 2010 | N/A | +13.14% |
| 2009 | N/A | +22.67% |
| 2008 | N/A | -36.25% |
| 2007 | N/A | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
HUT vs SPY Drawdown Comparison
The maximum drawdown for HUT was -95.04%, occurring on Dec 27, 2022. Recovery took 1116 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current HUT drawdown is -9.62%.
| Rank | HUT | SPY |
|---|---|---|
| #1 | -95.04% Nov 8, 2021 - Apr 22, 2026 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -88.73% Mar 8, 2018 - Jan 7, 2021 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -65.74% Feb 22, 2021 - Sep 3, 2021 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -45.54% Jan 8, 2021 - Feb 9, 2021 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -27.65% Sep 3, 2021 - Oct 11, 2021 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -12.06% Apr 22, 2026 - May 6, 2026 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -9.72% Oct 20, 2021 - Oct 25, 2021 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -9.62% May 6, 2026 - May 8, 2026 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -7.82% Oct 25, 2021 - Oct 29, 2021 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -6.14% Nov 2, 2021 - Nov 8, 2021 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -5.61% Oct 11, 2021 - Oct 13, 2021 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -4.85% Feb 9, 2021 - Feb 12, 2021 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -2.40% Oct 13, 2021 - Oct 15, 2021 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -2.05% Oct 15, 2021 - Oct 20, 2021 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -1.00% Feb 12, 2021 - Feb 17, 2021 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between HUT and SPY is 0.62 which considered as a moderate positive correlation - the stocks show some tendency to move together.
0.62
-101
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