ADA-USD vs. DOT-USD

In the year-to-date period, ADA-USD achieves a 61.77% return, which is significantly higher than DOT-USD's -1.41% return.

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The correlation between ADA-USD and DOT-USD is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

This table presents a comparison of risk-adjusted performance metrics for Cardano (ADA-USD) and Polkadot (DOT-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.

The current ADA-USD Sharpe Ratio is 1.28, which is higher than the DOT-USD Sharpe Ratio of -0.14. The chart below compares the historical Sharpe Ratios of ADA-USD and DOT-USD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

The maximum ADA-USD drawdown since its inception was -97.85%, roughly equal to the maximum DOT-USD drawdown of -93.24%. Use the drawdown chart below to compare losses from any high point for ADA-USD and DOT-USD. For additional features, visit the drawdowns tool.

Cardano (ADA-USD) and Polkadot (DOT-USD) have volatilities of 38.81% and 39.37%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.