NI vs IREN

Comparison between NiSource Inc (NI, Company) and Iris Energy Ltd (IREN, Company).

NI is from the Utilities sector, while IREN is from the Financial Services sector.

5-Year PerformanceIREN has outperformed NI, delivering a return of +24.2% compared to +16.0%

NI vs IREN - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	NI(COMPANY)	IREN(COMPANY)
Market Cap	$23B	$23B
Max Drawdown	75.57%	95.73%
Sharpe Ratio	0.82	2.46
5Y Beta	0.32	2.71
Industry	Utilities - Regulated Gas	Capital Markets
P/E Ratio	23.59	817.87
Forward P/E	22.12	136.99
PEG Ratio	2.35	4.05
Dividend Yield	1.91%	N/A
5Y Dividends CAGR	10.86%	N/A
5Y EPS CAGR	31.83%	N/A
Debt to Equity	13.37%	0.00%
Free Cash Flow Yield	-3.66%	-6.45%
P/S Ratio	3.34	30.54
P/B Ratio	2.36	9.10

Market Cap

Winner

$23B

IREN

$23B

Max Drawdown

Winner

75.57%

IREN

95.73%

Sharpe Ratio

0.82

Winner

IREN

2.46

5Y Beta

Winner

0.32

IREN

2.71

Industry

Utilities - Regulated Gas

IREN

Capital Markets

P/E Ratio

Winner

23.59

IREN

817.87

Forward P/E

Winner

22.12

IREN

136.99

PEG Ratio

Winner

2.35

IREN

4.05

Dividend Yield

1.91%

IREN

N/A

5Y Dividends CAGR

10.86%

IREN

N/A

5Y EPS CAGR

31.83%

IREN

N/A

Debt to Equity

13.37%

Winner

IREN

0.00%

Free Cash Flow Yield

Winner

-3.66%

IREN

-6.45%

P/S Ratio

Winner

3.34

IREN

30.54

P/B Ratio

Winner

2.36

IREN

9.10

NI vs IREN - Historical Returns

Returns include dividend reinvestment.

Period	NI	IREN
1 month	-5.30%	+32.34%
3 months	-1.98%	+68.55%
6 months	+10.14%	+48.95%
1 year	+18.54%	+636.56%
5 years(CAGR)	+16.05%	+24.22%
10 years(CAGR)	+9.84%	N/A
Max(CAGR)	+11.16%	+24.22%

-5.30%

Winner

IREN

+32.34%

-1.98%

Winner

IREN

+68.55%

+10.14%

Winner

IREN

+48.95%

+18.54%

Winner

IREN

+636.56%

5Y(CAGR)

+16.05%

Winner

IREN

+24.22%

10Y(CAGR)

+9.84%

IREN

N/A

Max(CAGR)

+11.16%

Winner

IREN

+24.22%

NI vs IREN - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	NI	IREN
2026	+9.41%	+53.35%
2025	+18.08%	+261.09%
2024	+41.04%	+44.41%
2023	+0.38%	+500.84%
2022	+2.96%	-91.79%
2021	+26.74%	-33.87%
2020	-12.79%	N/A
2019	+14.29%	N/A
2018	+3.17%	N/A
2017	+19.01%	N/A
2016	+16.64%	N/A
2015	+24.11%	N/A
2014	+34.99%	N/A
2013	+34.52%	N/A
2012	+9.70%	N/A
2011	+39.75%	N/A
2010	+20.25%	N/A
2009	+49.16%	N/A
2008	-38.53%	N/A
2007	-18.81%	N/A
2006	+17.85%	N/A
2005	-2.99%	N/A
2004	+9.85%	N/A
2003	+12.97%	N/A
2002	-9.69%	N/A
2001	-20.03%	N/A
2000	+84.02%	N/A
1999	-14.08%	N/A

NI vs IREN Drawdown Comparison

The maximum drawdown for NI was -65.72%, occurring on Mar 5, 2009. Recovery took 1002 trading sessions.

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

The current NI drawdown is -5.70%. The current IREN drawdown is -14.30%.

Rank	NI	IREN
#1	-65.72% May 18, 2007 - May 10, 2011	-95.73% Nov 19, 2021 - Aug 29, 2025
#2	-50.72% Apr 10, 2001 - Nov 29, 2006	-58.62% Nov 5, 2025 - Mar 30, 2026
#3	-38.71% Jan 24, 2000 - Aug 9, 2000	-25.49% Oct 14, 2025 - Nov 5, 2025
#4	-30.95% Feb 14, 2020 - Jan 28, 2022	-11.20% Sep 24, 2025 - Oct 3, 2025
#5	-24.82% Apr 6, 2022 - Jul 12, 2024	-10.24% Sep 2, 2025 - Sep 9, 2025
#6	-21.37% Nov 4, 1999 - Jan 24, 2000	-6.39% Oct 9, 2025 - Oct 13, 2025
#7	-18.91% Jul 5, 2016 - May 31, 2017	-4.29% Nov 17, 2021 - Nov 19, 2021
#8	-17.68% Nov 14, 2017 - Aug 14, 2018	-4.17% Sep 17, 2025 - Sep 19, 2025
#9	-16.80% Dec 26, 2000 - Apr 2, 2001	-2.58% Oct 7, 2025 - Oct 9, 2025
#10	-14.17% Sep 26, 2019 - Feb 13, 2020	-2.32% Sep 10, 2025 - Sep 12, 2025
#11	-13.43% Sep 13, 2018 - Mar 11, 2019	-1.86% Sep 15, 2025 - Sep 17, 2025
#12	-13.09% Jul 21, 2011 - Aug 29, 2011	-0.31% Sep 22, 2025 - Sep 24, 2025
#13	-12.12% Jun 18, 2015 - Sep 30, 2015	N/A
#14	-12.09% Sep 13, 2000 - Dec 1, 2000	N/A
#15	-11.33% Apr 29, 2013 - Jul 25, 2013	N/A