HUT vs VIP: Correlation
Measured on weekly returns over the past three years, Hut 8 Corp. (HUT) and Vulcan Infrastructure and Power Inc. (VIP) carry a correlation of 0.49, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HUT and VIP?
Across a 3-year window, the weekly returns of HUT and VIP correlate at 0.49, moderate. The relationship has been stable: the 1-year correlation (0.42) sits close to the 3-year figure. Stretching to 5 years gives 0.58, with an annualized covariance of 5135.3 %².
By 3-year correlation, VIP places #10 of the 19 assets tracked against HUT. Correlation aside, the last 12 months split them widely, with HUT ahead by 194.1 points (+230.7% versus +36.6%).
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.
HUT vs VIP: side by side
| HUT (Hut 8 Corp.) | VIP (Vulcan Infrastructure and Power Inc.) | |
|---|---|---|
| 1-year return | +230.7% | +36.6% |
| 5-year return | +110.5% | -99.9% |
| Volatility (ann.) | 94.2% | 110.7% |
| Beta vs S&P 500 | 2.26 | 1.74 |
| Max drawdown (3Y) | -65.1% | -92.8% |
| Market cap | $10.7B | – |
| P/E (trailing) | – | 14.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HUT | VIP |
|---|---|---|
| 2022 | -89.2% | -98.2% |
| 2023 | +213.9% | +131.4% |
| 2024 | +53.6% | -76.9% |
| 2025 | +124.2% | -4.5% |
| 2026 | +89.7% | +20.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HUT and VIP good diversifiers for each other?
Reasonably. At 0.49, HUT and VIP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between HUT and VIP?
As of 2026-08-27, the correlation of weekly returns between HUT and VIP is 0.49 over 3 years, 0.42 over 1 year and 0.58 over 5 years.
Is VIP a good diversifier for HUT?
Reasonably. At 0.49, HUT and VIP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.49 mean?
A reading of 0.49 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: HUT correlations · VIP correlations
