Cardano (ADA-USD)
Cardano is a decentralized, open-source blockchain platform focused on providing a secure and scalable infrastructure for developing smart contracts and decentralized applications. It was created in 2017 by a team of developers led by Charles Hoskinson, co-founder of Ethereum. Cardano utilizes a unique proof-of-stake consensus algorithm called Ouroboros, designed to be more energy-efficient and secure than traditional proof-of-work algorithms. Cardano also has a built-in governance system that allows stakeholders to vote on protocol updates and changes to the network. As a result, Cardano is often compared to Ethereum as a potential competitor in the smart contract and decentralized application space.
Share Price Chart
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Performance
The chart shows the growth of an initial investment of $10,000 in Cardano, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Compare to other instruments
Popular comparisons: ADA-USD vs. HBAR-USD, ADA-USD vs. IMOEX, ADA-USD vs. BTC-USD, ADA-USD vs. SOL-USD, ADA-USD vs. SPY, ADA-USD vs. ETH-USD, ADA-USD vs. VOO
Return
Cardano had a return of 55.88% year-to-date (YTD) and 22.17% in the last 12 months.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | 55.88% | 19.67% |
1 month | 24.96% | 8.42% |
6 months | 1.56% | 7.29% |
1 year | 22.17% | 12.71% |
5 years (annualized) | 35.90% | 10.75% |
10 years (annualized) | N/A | 9.87% |
Monthly Returns Heatmap
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2023 | -5.78% | -23.36% | 7.16% | -16.95% | -0.52% | 15.38% | 28.24% |
Risk-Adjusted Performance
This table presents a comparison of risk-adjusted performance metrics for Cardano (ADA-USD) and S&P 500 (^GSPC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Cardano. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Cardano was 97.85%, occurring on Mar 12, 2020. Recovery took 345 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-97.85% | Jan 5, 2018 | 798 | Mar 12, 2020 | 345 | Feb 20, 2021 | 1143 |
-91.85% | Sep 4, 2021 | 738 | Sep 11, 2023 | — | — | — |
-54.26% | May 17, 2021 | 65 | Jul 20, 2021 | 30 | Aug 19, 2021 | 95 |
-26.59% | Dec 20, 2017 | 5 | Dec 24, 2017 | 6 | Dec 30, 2017 | 11 |
-26.55% | Apr 16, 2021 | 10 | Apr 25, 2021 | 11 | May 6, 2021 | 21 |
Volatility Chart
The current Cardano volatility is 14.79%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.