CLSK vs HKIT: Correlation
CleanSpark, Inc. (CLSK) and Hitek Global Inc. - Class A (HKIT) show a moderate relationship: their 3-year correlation of weekly returns is 0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLSK and HKIT?
Across a 3-year window, the weekly returns of CLSK and HKIT correlate at 0.40, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.17 versus 0.40 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of 9610.2 %².
By 3-year correlation, HKIT places #9 of the 15 assets tracked against CLSK. Their recent paths diverged sharply: over the last 12 months CLSK outperformed by 135.1 percentage points (+35.2% for CLSK against -99.9% for HKIT). One caveat on sizing: HKIT is 2.2 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
CLSK vs HKIT: side by side
| CLSK (CleanSpark, Inc.) | HKIT (Hitek Global Inc. - Class A) | |
|---|---|---|
| 1-year return | +35.2% | -99.9% |
| 5-year return | -5.1% | n/a |
| Volatility (ann.) | 104.3% | 233.1% |
| Beta vs S&P 500 | 2.12 | 1.70 |
| Max drawdown (3Y) | -71.3% | -100.0% |
| Market cap | $3.3B | – |
| P/E (trailing) | – | 0.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CLSK | HKIT |
|---|---|---|
| 2022 | -78.6% | – |
| 2023 | +440.7% | – |
| 2024 | -16.5% | +36.2% |
| 2025 | +9.9% | +55.9% |
| 2026 | +28.0% | -100.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLSK and HKIT good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CLSK and HKIT?
As of 2026-08-27, the correlation of weekly returns between CLSK and HKIT is 0.40 over 3 years, 0.17 over 1 year and n/a over 5 years.
Is HKIT a good diversifier for CLSK?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.40 mean?
A reading of 0.40 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/clsk-vs-hkit.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/clsk-vs-hkit/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CLSK correlations · HKIT correlations
