ADA-USD vs. ETH-USD
ADA-USD (Cardano) and ETH-USD (Ethereum) are both cryptocurrencies. Over the past 5 years, ADA-USD returned -35.19%/yr vs -3.10%/yr for ETH-USD. A 0.76 correlation means they provide meaningful diversification when combined.
Performance
ADA-USD vs. ETH-USD - Performance Comparison
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Returns By Period
In the year-to-date period, ADA-USD achieves a -57.00% return, which is significantly lower than ETH-USD's -47.34% return.
ADA-USD
- 1D
- -2.96%
- 1M
- -40.31%
- YTD
- -57.00%
- 6M
- -58.33%
- 1Y
- -74.77%
- 3Y*
- -20.11%
- 5Y*
- -35.19%
- 10Y*
- —
ETH-USD
- 1D
- -3.54%
- 1M
- -24.55%
- YTD
- -47.34%
- 6M
- -46.17%
- 1Y
- -35.44%
- 3Y*
- -5.63%
- 5Y*
- -3.10%
- 10Y*
- 60.12%
ADA-USD vs. ETH-USD - Yearly Performance Comparison
Correlation
The correlation between ADA-USD and ETH-USD is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2017 | 0.76 |
The correlation between ADA-USD and ETH-USD has been stable across timeframes, ranging from 0.76 to 0.85 - a consistent structural relationship.
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Return for Risk
ADA-USD vs. ETH-USD — Risk / Return Rank
ADA-USD
ETH-USD
ADA-USD vs. ETH-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cardano (ADA-USD) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ADA-USD | ETH-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.44 | ||
| Sortino ratioReturn per unit of downside risk | -1.47 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 0.95 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.88 | -0.52 | -0.35 |
| Martin ratioReturn relative to average drawdown | -1.34 | -0.87 | -0.47 |
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Drawdowns
ADA-USD vs. ETH-USD - Drawdown Comparison
The maximum ADA-USD drawdown since its inception was -97.85%, roughly equal to the maximum ETH-USD drawdown of -94.01%. Use the drawdown chart below to compare losses from any high point for ADA-USD and ETH-USD.
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Drawdown Indicators
| ADA-USD | ETH-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.85% | -94.01% | -3.84% |
Max Drawdown (1Y)Largest decline over 1 year | -85.11% | -67.66% | -17.45% |
Max Drawdown (3Y)Largest decline over 3 years | -88.36% | -67.66% | -20.70% |
Max Drawdown (5Y)Largest decline over 5 years | -95.18% | -79.35% | -15.83% |
Max Drawdown (10Y)Largest decline over 10 years | — | -94.01% | — |
Current DrawdownCurrent decline from peak | -95.18% | -67.66% | -27.52% |
Average DrawdownAverage peak-to-trough decline | -77.62% | -50.93% | -26.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 54.43% | 41.50% | +12.93% |
Volatility
ADA-USD vs. ETH-USD - Volatility Comparison
Cardano (ADA-USD) has a higher volatility of 23.74% compared to Ethereum (ETH-USD) at 18.39%. This indicates that ADA-USD's price experiences larger fluctuations and is considered to be riskier 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
| ADA-USD | ETH-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.74% | 18.39% | +5.35% |
Volatility (6M)Calculated over the trailing 6-month period | 52.58% | 46.39% | +6.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 64.06% | 55.72% | +8.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 74.49% | 59.09% | +15.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 103.05% | 77.04% | +26.01% |
Frequently Asked Questions
ADA-USD and ETH-USD have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ADA-USD has higher volatility (23.74%) compared to ETH-USD (18.39%). In terms of maximum drawdown, ADA-USD dropped -97.85% vs ETH-USD's -94.01%.
ETH-USD currently has the higher Sharpe Ratio (-0.53 vs -0.97), 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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