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
Performance Chart
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.
Returns By Period
Cardano had a return of -33.58% year-to-date (YTD) and 28.71% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -33.58% | 13.20% |
| 1 month | 0.72% | -1.28% |
| 6 months | -15.39% | 10.32% |
| 1 year | 28.71% | 18.23% |
| 5 years (annualized) | 45.82% | 12.31% |
| 10 years (annualized) | N/A | 10.58% |
Monthly Returns
The table below presents the monthly returns of ADA-USD, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -16.15% | 31.59% | -0.80% | -32.23% | 1.51% | -12.35% | -33.58% | ||||||
| 2023 | 58.61% | -9.84% | 13.18% | -0.39% | -5.78% | -23.36% | 7.16% | -16.95% | -0.52% | 15.38% | 28.24% | 58.08% | 141.09% |
| 2022 | -19.72% | -8.72% | 19.07% | -33.70% | -17.05% | -27.03% | 12.68% | -13.61% | -2.74% | -6.46% | -21.52% | -22.71% | -81.19% |
| 2021 | 90.13% | 279.26% | -8.78% | 13.34% | 28.86% | -20.62% | -4.42% | 109.66% | -23.73% | -7.07% | -20.87% | -15.74% | 622.29% |
| 2020 | 63.78% | -11.62% | -35.73% | 56.60% | 55.40% | 11.79% | 66.99% | -11.61% | -17.63% | -7.92% | 84.09% | 5.89% | 452.28% |
| 2019 | -6.55% | 12.38% | 61.74% | 0.86% | 27.14% | -8.21% | -26.73% | -25.21% | -13.57% | 7.07% | -2.91% | -18.75% | -20.01% |
| 2018 | -27.84% | -39.81% | -50.12% | 120.19% | -34.40% | -38.87% | 4.09% | -28.68% | -16.64% | -18.18% | -44.17% | 5.52% | -94.29% |
| 2017 | 274.01% | 500.33% | 2,145.33% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of ADA-USD is 63, suggesting that the investment has average results relative to other cryptocurrencies in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Cardano (ADA-USD) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Drawdowns
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.
The current Cardano drawdown is 86.70%.
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
Volatility Chart
The current Cardano volatility is 22.04%, 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.