ADA-USD vs. ETH-USD
ADA-USD (Cardano) and ETH-USD (Ethereum) are both cryptocurrencies. Over the past 5 years, ADA-USD returned -37.38%/yr vs -10.08%/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 -51.46% return, which is significantly lower than ETH-USD's -46.29% return.
ADA-USD
- 1D
- -10.02%
- 1M
- -39.43%
- YTD
- -51.46%
- 6M
- -61.14%
- 1Y
- -74.19%
- 3Y*
- -22.94%
- 5Y*
- -37.38%
- 10Y*
- —
ETH-USD
- 1D
- -9.90%
- 1M
- -32.21%
- YTD
- -46.29%
- 6M
- -47.28%
- 1Y
- -34.03%
- 3Y*
- -5.45%
- 5Y*
- -10.08%
- 10Y*
- 59.97%
ADA-USD vs. ETH-USD - Yearly Performance Comparison
Correlation
The correlation between ADA-USD and ETH-USD is 0.86, 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 | 0.86 |
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 10, 2017 | 0.76 |
The correlation between ADA-USD and ETH-USD has been stable across timeframes, ranging from 0.76 to 0.86 - 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.
| ADA-USD | ETH-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.46 | ||
| Sortino ratioReturn per unit of downside risk | -1.50 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 0.96 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.89 | -0.51 | -0.38 |
| Martin ratioReturn relative to average drawdown | -1.41 | -0.89 | -0.52 |
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
| ADA-USD | ETH-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.97 | -0.50 | -0.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.41 | -0.14 | -0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.64 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 0.74 | -0.57 |
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 | -83.19% | -67.02% | -16.17% |
Max Drawdown (3Y)Largest decline over 3 years | -86.85% | -67.02% | -19.83% |
Max Drawdown (5Y)Largest decline over 5 years | -94.55% | -79.35% | -15.20% |
Max Drawdown (10Y)Largest decline over 10 years | — | -94.01% | — |
Current DrawdownCurrent decline from peak | -94.55% | -67.02% | -27.53% |
Average DrawdownAverage peak-to-trough decline | -77.53% | -50.88% | -26.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 59.40% | 44.01% | +15.39% |
Volatility
ADA-USD vs. ETH-USD - Volatility Comparison
Cardano (ADA-USD) has a higher volatility of 19.22% compared to Ethereum (ETH-USD) at 14.30%. 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 | 19.22% | 14.30% | +4.92% |
Volatility (6M)Calculated over the trailing 6-month period | 52.51% | 46.06% | +6.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 63.88% | 56.49% | +7.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 74.91% | 59.61% | +15.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 102.99% | 78.01% | +24.98% |
Frequently Asked Questions
ADA-USD and ETH-USD have a correlation of 0.86, 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 (19.22%) compared to ETH-USD (14.30%). In terms of maximum drawdown, ADA-USD dropped -97.85% vs ETH-USD's -94.01%.
ETH-USD currently has the higher Sharpe Ratio (-0.50 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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