CIFR vs CLSK: Correlation
Cipher Digital Inc. (CIFR) and CleanSpark, Inc. (CLSK) show a strong relationship: their 3-year correlation of weekly returns is 0.67.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CIFR and CLSK?
Across a 3-year window, the weekly returns of CIFR and CLSK correlate at 0.67, strong. Little has changed lately, as the 1-year reading of 0.76 lands near the 3-year figure. Stretching to 5 years gives 0.63, with an annualized covariance of 7998.7 %².
By 3-year correlation, CLSK places #4 of the 18 assets tracked against CIFR. Their recent paths diverged sharply: over the last 12 months CIFR outperformed by 104.7 percentage points (+139.9% for CIFR against +35.2% for CLSK).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
CIFR vs CLSK: side by side
| CIFR (Cipher Digital Inc.) | CLSK (CleanSpark, Inc.) | |
|---|---|---|
| 1-year return | +139.9% | +35.2% |
| 5-year return | +63.3% | -5.1% |
| Volatility (ann.) | 114.3% | 104.3% |
| Beta vs S&P 500 | 2.86 | 2.12 |
| Max drawdown (3Y) | -71.7% | -71.3% |
| Market cap | $7.0B | $3.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CIFR | CLSK |
|---|---|---|
| 2022 | -87.9% | -78.6% |
| 2023 | +637.5% | +440.7% |
| 2024 | +12.3% | -16.5% |
| 2025 | +218.1% | +9.9% |
| 2026 | +13.6% | +28.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CIFR and CLSK good diversifiers for each other?
Only partially. A correlation of 0.67 means CIFR and CLSK share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between CIFR and CLSK?
The CIFR/CLSK correlation stands at 0.67 on a 3-year window (1 year: 0.76, 5 years: 0.63), computed from weekly returns as of 2026-08-27.
Is CLSK a good diversifier for CIFR?
Only partially. A correlation of 0.67 means CIFR and CLSK share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.67 mean?
A reading of 0.67 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cifr-vs-clsk.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cifr-vs-clsk/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CIFR correlations · CLSK correlations
