CLSK vs MARA: Correlation
Measured on weekly returns over the past three years, CleanSpark, Inc. (CLSK) and MARA Holdings, Inc. (MARA) carry a correlation of 0.77, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLSK and MARA?
Over the past 3 years, CLSK and MARA moved with a correlation of 0.77, which is strong. Little has changed lately, as the 1-year reading of 0.76 lands near the 3-year figure. Over 5 years the correlation is 0.71, and the annualized covariance of weekly returns is 6711.1 %².
Few assets follow CLSK as closely as MARA, which ranks #1 of 15 tracked partners. Their recent paths diverged sharply: over the last 12 months CLSK outperformed by 60.3 percentage points (+35.2% for CLSK against -25.1% for MARA).
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 MARA: side by side
| CLSK (CleanSpark, Inc.) | MARA (MARA Holdings, Inc.) | |
|---|---|---|
| 1-year return | +35.2% | -25.1% |
| 5-year return | -5.1% | -70.7% |
| Volatility (ann.) | 104.3% | 83.9% |
| Beta vs S&P 500 | 2.12 | 2.07 |
| Max drawdown (3Y) | -71.3% | -78.3% |
| Market cap | $3.3B | $4.6B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CLSK | MARA |
|---|---|---|
| 2022 | -78.6% | -89.6% |
| 2023 | +440.7% | +586.8% |
| 2024 | -16.5% | -28.6% |
| 2025 | +9.9% | -46.5% |
| 2026 | +28.0% | +32.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLSK and MARA good diversifiers for each other?
Somewhat, no more. With 0.77 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CLSK and MARA?
The CLSK/MARA correlation stands at 0.77 on a 3-year window (1 year: 0.76, 5 years: 0.71), computed from weekly returns as of 2026-08-27.
Is MARA a good diversifier for CLSK?
Somewhat, no more. With 0.77 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.77 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/clsk-vs-mara.json
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[](https://www.pairbook.io/pair/clsk-vs-mara/)
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Related comparisons
Hubs: CLSK correlations · MARA correlations
