^N225 vs. ETH-USD
^N225 (Nikkei 225) is an index, while ETH-USD (Ethereum) is a cryptocurrency. Over the past 10 years, ^N225 returned 14.49%/yr vs 68.00%/yr for ETH-USD. At a 0.01 correlation, their price movements are largely independent.
Performance
^N225 vs. ETH-USD - Performance Comparison
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Different Trading Currencies
^N225 is traded in JPY, while ETH-USD is traded in USD. To make them comparable, the ETH-USD values have been converted to JPY using the latest available exchange rates.
Returns By Period
In the year-to-date period, ^N225 achieves a 27.57% return, which is significantly higher than ETH-USD's -42.78% return. Over the past 10 years, ^N225 has underperformed ETH-USD with an annualized return of 14.49%, while ETH-USD has yielded a comparatively higher 68.00% annualized return.
^N225
- 1D
- -3.56%
- 1M
- 2.40%
- YTD
- 27.57%
- 6M
- 26.96%
- 1Y
- 70.16%
- 3Y*
- 25.79%
- 5Y*
- 17.27%
- 10Y*
- 14.49%
ETH-USD
- 1D
- -1.71%
- 1M
- -26.32%
- YTD
- -42.78%
- 6M
- -45.35%
- 1Y
- -26.57%
- 3Y*
- 1.26%
- 5Y*
- -1.43%
- 10Y*
- 68.00%
^N225 vs. ETH-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
^N225 Nikkei 225 | 27.57% | 26.18% | 19.22% | 28.24% | -9.37% | 4.91% | 16.01% | 18.20% | -12.08% | 19.10% |
ETH-USD Ethereum | -42.78% | -11.17% | 61.61% | 106.21% | -62.84% | 455.43% | 445.51% | -2.48% | -83.03% | 8,684.27% |
Correlation
The correlation between ^N225 and ETH-USD is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Aug 7, 2015 | 0.01 |
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Return for Risk
^N225 vs. ETH-USD — Risk / Return Rank
^N225
ETH-USD
^N225 vs. ETH-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nikkei 225 (^N225) and Ethereum (ETH-USD). 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.
| ^N225 | ETH-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.28 | ||
| Sortino ratioReturn per unit of downside risk | +4.01 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 0.98 | +0.50 |
| Calmar ratioReturn relative to maximum drawdown | 5.46 | -0.41 | +5.88 |
| Martin ratioReturn relative to average drawdown | 19.16 | -0.74 | +19.90 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ^N225 | ETH-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.89 | -0.39 | +3.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | -0.02 | +0.82 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | 0.71 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.78 | -0.48 |
Drawdowns
^N225 vs. ETH-USD - Drawdown Comparison
The maximum ^N225 drawdown since its inception was -81.87%, smaller than the maximum ETH-USD drawdown of -93.52%. Use the drawdown chart below to compare losses from any high point for ^N225 and ETH-USD.
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Drawdown Indicators
| ^N225 | ETH-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.87% | -93.52% | +11.65% |
Max Drawdown (1Y)Largest decline over 1 year | -13.23% | -64.25% | +51.02% |
Max Drawdown (3Y)Largest decline over 3 years | -26.26% | -64.97% | +38.71% |
Max Drawdown (5Y)Largest decline over 5 years | -26.26% | -74.12% | +47.86% |
Max Drawdown (10Y)Largest decline over 10 years | -31.80% | -93.52% | +61.72% |
Current DrawdownCurrent decline from peak | -6.11% | -62.47% | +56.36% |
Average DrawdownAverage peak-to-trough decline | -35.65% | -47.05% | +11.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.71% | 42.43% | -38.72% |
Volatility
^N225 vs. ETH-USD - Volatility Comparison
The current volatility for Nikkei 225 (^N225) is 8.16%, while Ethereum (ETH-USD) has a volatility of 16.61%. This indicates that ^N225 experiences smaller price fluctuations and is considered to be less risky than ETH-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ^N225 | ETH-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.16% | 16.61% | -8.45% |
Volatility (6M)Calculated over the trailing 6-month period | 20.30% | 48.44% | -28.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.01% | 57.22% | -32.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.42% | 60.25% | -37.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.88% | 79.34% | -58.46% |
Frequently Asked Questions
^N225 and ETH-USD have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ETH-USD has higher volatility (16.61%) compared to ^N225 (8.16%). In terms of maximum drawdown, ^N225 dropped -81.87% vs ETH-USD's -93.52%.
^N225 currently has the higher Sharpe Ratio (2.89 vs -0.39), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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