IREN vs KSPI

Comparison between Iris Energy Ltd (IREN, Company) and Kaspi.kz JSC (KSPI, Company).

IREN is from the Financial Services sector, while KSPI is from the Technology sector.

IREN vs KSPI - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	IREN(COMPANY)	KSPI(COMPANY)
Market Cap	$18B	$17B
Max Drawdown	95.73%	50.37%
Sharpe Ratio	2.31	0.48
5Y Beta	N/A	0.97
Industry	Capital Markets	Software - Infrastructure
P/E Ratio	635.47	8.61
Forward P/E	136.99	N/A
PEG Ratio	4.05	N/A
Debt to Equity	0.00%	N/A
Free Cash Flow Yield	-8.30%	2.82%
P/S Ratio	26.73	1.90
P/B Ratio	7.07	3.00

Market Cap

Winner

IREN

$18B

KSPI

$17B

Max Drawdown

IREN

95.73%

Winner

KSPI

50.37%

Sharpe Ratio

Winner

IREN

2.31

KSPI

0.48

5Y Beta

IREN

N/A

KSPI

0.97

Industry

IREN

Capital Markets

KSPI

Software - Infrastructure

P/E Ratio

IREN

635.47

Winner

KSPI

8.61

Forward P/E

IREN

136.99

KSPI

N/A

PEG Ratio

IREN

4.05

KSPI

N/A

Debt to Equity

IREN

0.00%

KSPI

N/A

Free Cash Flow Yield

IREN

-8.30%

Winner

KSPI

2.82%

P/S Ratio

IREN

26.73

Winner

KSPI

1.90

P/B Ratio

IREN

7.07

Winner

KSPI

3.00

IREN vs KSPI - Historical Returns

Returns include dividend reinvestment.

Period	IREN	KSPI
1 month	+17.44%	+5.95%
3 months	+34.16%	+30.35%
6 months	+34.48%	+31.93%
1 year	+512.39%	+15.59%
5 years(CAGR)	+20.57%	N/A
Max(CAGR)	+20.57%	+2.98%

Winner

IREN

+17.44%

KSPI

+5.95%

Winner

IREN

+34.16%

KSPI

+30.35%

Winner

IREN

+34.48%

KSPI

+31.93%

Winner

IREN

+512.39%

KSPI

+15.59%

5Y(CAGR)

IREN

+20.57%

KSPI

N/A

Max(CAGR)

Winner

IREN

+20.57%

KSPI

+2.98%

IREN vs KSPI - Annual Returns (2021 - 2026)

Returns include dividend reinvestment.

Year	IREN	KSPI
2026	+33.09%	+20.61%
2025	+261.09%	-21.56%
2024	+44.41%	+8.47%
2023	+500.84%	N/A
2022	-91.79%	N/A
2021	-33.87%	N/A

IREN vs KSPI Drawdown Comparison

The maximum drawdown for IREN was -95.73%, occurring on Dec 28, 2022. Recovery took 946 trading sessions.

The maximum drawdown for KSPI was -48.04%, occurring on Mar 13, 2026. This drawdown has not yet recovered.

The current IREN drawdown is -25.62%. The current KSPI drawdown is -29.41%.

Rank	IREN	KSPI
#1	-95.73% Nov 19, 2021 - Aug 29, 2025	-48.04% Jul 18, 2024 - Mar 13, 2026
#2	-58.62% Nov 5, 2025 - Mar 30, 2026	-14.94% Apr 3, 2024 - Jun 12, 2024
#3	-25.49% Oct 14, 2025 - Nov 5, 2025	-9.33% Jan 19, 2024 - Feb 20, 2024
#4	-11.20% Sep 24, 2025 - Oct 3, 2025	-5.86% Jun 26, 2024 - Jul 16, 2024
#5	-10.24% Sep 2, 2025 - Sep 9, 2025	-3.63% Mar 6, 2024 - Mar 12, 2024
#6	-6.39% Oct 9, 2025 - Oct 13, 2025	-2.15% Mar 4, 2024 - Mar 6, 2024
#7	-4.29% Nov 17, 2021 - Nov 19, 2021	-1.95% Jun 12, 2024 - Jun 21, 2024
#8	-4.17% Sep 17, 2025 - Sep 19, 2025	-1.93% Mar 14, 2024 - Mar 19, 2024
#9	-2.58% Oct 7, 2025 - Oct 9, 2025	-1.31% Jul 16, 2024 - Jul 18, 2024
#10	-2.32% Sep 10, 2025 - Sep 12, 2025	-0.90% Mar 22, 2024 - Mar 26, 2024
#11	-1.86% Sep 15, 2025 - Sep 17, 2025	-0.71% Feb 27, 2024 - Mar 1, 2024
#12	-0.31% Sep 22, 2025 - Sep 24, 2025	-0.42% Feb 20, 2024 - Feb 23, 2024
#13	N/A	-0.14% Feb 23, 2024 - Feb 27, 2024

Correlation

Correlation between IREN and KSPI is -0.59 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.59

-101