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ADA-USD vs. NEAR-USD
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

Correlation

The correlation between ADA-USD and NEAR-USD is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


-0.50.00.51.00.6

Performance

ADA-USD vs. NEAR-USD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cardano (ADA-USD) and NEAR Protocol (NEAR-USD). The values are adjusted to include any dividend payments, if applicable.

0.00%50.00%100.00%150.00%200.00%JulyAugustSeptemberOctoberNovemberDecember
147.14%
3.19%
ADA-USD
NEAR-USD

Key characteristics

Sharpe Ratio

ADA-USD:

1.80

NEAR-USD:

-0.11

Sortino Ratio

ADA-USD:

2.52

NEAR-USD:

0.56

Omega Ratio

ADA-USD:

1.25

NEAR-USD:

1.05

Calmar Ratio

ADA-USD:

0.94

NEAR-USD:

0.01

Martin Ratio

ADA-USD:

6.41

NEAR-USD:

-0.31

Ulcer Index

ADA-USD:

23.58%

NEAR-USD:

35.57%

Daily Std Dev

ADA-USD:

68.96%

NEAR-USD:

96.96%

Max Drawdown

ADA-USD:

-97.85%

NEAR-USD:

-95.13%

Current Drawdown

ADA-USD:

-67.96%

NEAR-USD:

-73.60%

Returns By Period

In the year-to-date period, ADA-USD achieves a 60.05% return, which is significantly higher than NEAR-USD's 46.47% return.


ADA-USD

YTD

60.05%

1M

18.83%

6M

152.89%

1Y

49.39%

5Y*

94.16%

10Y*

N/A

NEAR-USD

YTD

46.47%

1M

-2.32%

6M

-1.05%

1Y

52.01%

5Y*

N/A

10Y*

N/A

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Risk-Adjusted Performance

ADA-USD vs. NEAR-USD - Risk-Adjusted Performance Comparison

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


Sharpe ratio
The chart of Sharpe ratio for ADA-USD, currently valued at 1.80, compared to the broader market0.001.002.003.004.005.001.80-0.11
The chart of Sortino ratio for ADA-USD, currently valued at 2.52, compared to the broader market-1.000.001.002.003.004.005.002.520.56
The chart of Omega ratio for ADA-USD, currently valued at 1.25, compared to the broader market1.001.201.401.251.05
The chart of Calmar ratio for ADA-USD, currently valued at 0.94, compared to the broader market1.002.003.004.000.940.01
The chart of Martin ratio for ADA-USD, currently valued at 6.41, compared to the broader market0.0010.0020.0030.0040.006.41-0.31
ADA-USD
NEAR-USD

The current ADA-USD Sharpe Ratio is 1.80, which is higher than the NEAR-USD Sharpe Ratio of -0.11. The chart below compares the historical Sharpe Ratios of ADA-USD and NEAR-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.


Rolling 12-month Sharpe Ratio0.002.004.006.008.00JulyAugustSeptemberOctoberNovemberDecember
1.80
-0.11
ADA-USD
NEAR-USD

Drawdowns

ADA-USD vs. NEAR-USD - Drawdown Comparison

The maximum ADA-USD drawdown since its inception was -97.85%, roughly equal to the maximum NEAR-USD drawdown of -95.13%. Use the drawdown chart below to compare losses from any high point for ADA-USD and NEAR-USD. For additional features, visit the drawdowns tool.


-90.00%-85.00%-80.00%-75.00%-70.00%-65.00%-60.00%-55.00%JulyAugustSeptemberOctoberNovemberDecember
-67.96%
-73.60%
ADA-USD
NEAR-USD

Volatility

ADA-USD vs. NEAR-USD - Volatility Comparison

Cardano (ADA-USD) has a higher volatility of 36.31% compared to NEAR Protocol (NEAR-USD) at 31.52%. This indicates that ADA-USD's price experiences larger fluctuations and is considered to be riskier than NEAR-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


10.00%15.00%20.00%25.00%30.00%35.00%40.00%45.00%JulyAugustSeptemberOctoberNovemberDecember
36.31%
31.52%
ADA-USD
NEAR-USD
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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