IREN vs ELAN
Comparison between Iris Energy Ltd (IREN, Company) and Elanco Animal Health Inc (ELAN, Company).
IREN is from the Financial Services sector, while ELAN is from the Healthcare sector.
5-Year PerformanceIREN has outperformed ELAN, delivering a return of +7.1% compared to -5.5%
IREN vs ELAN - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
IREN vs ELAN - Historical Returns
Returns include dividend reinvestment.
IREN vs ELAN - Annual Returns (2018 - 2026)
Returns include dividend reinvestment.
| Year | IREN | ELAN |
|---|---|---|
| 2026 | -21.26% | +14.79% |
| 2025 | +261.09% | +87.80% |
| 2024 | +44.41% | -17.28% |
| 2023 | +500.84% | +20.65% |
| 2022 | -91.79% | -56.74% |
| 2021 | -33.87% | -6.95% |
| 2020 | N/A | +4.07% |
| 2019 | N/A | -7.39% |
| 2018 | N/A | -12.42% |
IREN vs ELAN Drawdown Comparison
The maximum drawdown for IREN was -95.73%, occurring on Dec 28, 2022. Recovery took 946 trading sessions.
The maximum drawdown for ELAN was -78.00%, occurring on May 30, 2023. This drawdown has not yet recovered.
The current IREN drawdown is -56.00%. The current ELAN drawdown is -29.60%.
| Rank | IREN | ELAN |
|---|---|---|
| #1 | -95.73% Nov 19, 2021 - Aug 29, 2025 | -78.00% Aug 3, 2021 - May 30, 2023 |
| #2 | -58.62% Nov 5, 2025 - Mar 30, 2026 | -53.91% Sep 27, 2018 - Jul 23, 2021 |
| #3 | -25.49% Oct 14, 2025 - Nov 5, 2025 | -5.28% Sep 20, 2018 - Sep 27, 2018 |
| #4 | -11.20% Sep 24, 2025 - Oct 3, 2025 | -1.89% Jul 23, 2021 - Jul 28, 2021 |
| #5 | -10.24% Sep 2, 2025 - Sep 9, 2025 | -0.46% Jul 28, 2021 - Aug 3, 2021 |
| #6 | -6.39% Oct 9, 2025 - Oct 13, 2025 | N/A |
| #7 | -4.29% Nov 17, 2021 - Nov 19, 2021 | N/A |
| #8 | -4.17% Sep 17, 2025 - Sep 19, 2025 | N/A |
| #9 | -2.58% Oct 7, 2025 - Oct 9, 2025 | N/A |
| #10 | -2.32% Sep 10, 2025 - Sep 12, 2025 | N/A |
| #11 | -1.86% Sep 15, 2025 - Sep 17, 2025 | N/A |
| #12 | -0.31% Sep 22, 2025 - Sep 24, 2025 | N/A |
Correlation
Correlation between IREN and ELAN is 0.62 which considered as a moderate positive correlation - the stocks show some tendency to move together.
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