CIFR vs WULF: Correlation
Cipher Digital Inc. (CIFR) and TeraWulf Inc. (WULF) show a strong relationship: their 3-year correlation of weekly returns is 0.64.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CIFR and WULF?
On 3 years of weekly data the CIFR/WULF correlation comes out at 0.64, strong. The past 12 months show a tighter link (0.78) than the 3-year average (0.64). The 5-year figure is 0.49, and annualized covariance runs at 7785.7 %².
Among the 18 assets we track against CIFR, WULF ranks #7 by 3-year correlation. The last year tells two different stories: CIFR led by 59.3 percentage points, +139.9% for CIFR against +80.6% for WULF.
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 WULF: side by side
| CIFR (Cipher Digital Inc.) | WULF (TeraWulf Inc.) | |
|---|---|---|
| 1-year return | +139.9% | +80.6% |
| 5-year return | +63.3% | -32.7% |
| Volatility (ann.) | 114.3% | 105.8% |
| Beta vs S&P 500 | 2.86 | 2.76 |
| Max drawdown (3Y) | -71.7% | -74.6% |
| Market cap | $7.0B | $8.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CIFR | WULF |
|---|---|---|
| 2022 | -87.9% | -95.5% |
| 2023 | +637.5% | +258.2% |
| 2024 | +12.3% | +135.8% |
| 2025 | +218.1% | +103.0% |
| 2026 | +13.6% | +43.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CIFR and WULF good diversifiers for each other?
Somewhat, no more. With 0.64 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CIFR and WULF?
Using weekly returns as of 2026-08-27: 0.64 over 3 years, with 0.78 over the last year and 0.49 over 5 years.
Is WULF a good diversifier for CIFR?
Somewhat, no more. With 0.64 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.64 mean?
A reading of 0.64 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: CIFR correlations · WULF correlations
