ADA-USD vs. SHIB-USD
ADA-USD (Cardano) and SHIB-USD (Shiba Inu) are both cryptocurrencies. Over the past 5 years, ADA-USD returned -35.76%/yr vs -7.04%/yr for SHIB-USD. A 0.70 correlation means they provide meaningful diversification when combined.
Performance
ADA-USD vs. SHIB-USD - Performance Comparison
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Returns By Period
In the year-to-date period, ADA-USD achieves a -48.83% return, which is significantly lower than SHIB-USD's -29.46% return.
ADA-USD
- 1D
- -0.08%
- 1M
- -35.62%
- YTD
- -48.83%
- 6M
- -58.36%
- 1Y
- -74.25%
- 3Y*
- -14.77%
- 5Y*
- -35.76%
- 10Y*
- —
SHIB-USD
- 1D
- 1.04%
- 1M
- -22.61%
- YTD
- -29.46%
- 6M
- -41.23%
- 1Y
- -60.23%
- 3Y*
- -10.59%
- 5Y*
- -7.04%
- 10Y*
- —
ADA-USD vs. SHIB-USD - Yearly Performance Comparison
Correlation
The correlation between ADA-USD and SHIB-USD is 0.87, 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 | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2021 | 0.70 |
The correlation between ADA-USD and SHIB-USD shifts across timeframes, from 0.70 (all time) to 0.87 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ADA-USD vs. SHIB-USD — Risk / Return Rank
ADA-USD
SHIB-USD
ADA-USD vs. SHIB-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cardano (ADA-USD) and Shiba Inu (SHIB-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 | SHIB-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.45 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 0.86 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.89 | -0.85 | -0.03 |
| Martin ratioReturn relative to average drawdown | -1.38 | -1.32 | -0.06 |
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Drawdowns
ADA-USD vs. SHIB-USD - Drawdown Comparison
The maximum ADA-USD drawdown since its inception was -97.85%, roughly equal to the maximum SHIB-USD drawdown of -94.38%. Use the drawdown chart below to compare losses from any high point for ADA-USD and SHIB-USD.
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Drawdown Indicators
| ADA-USD | SHIB-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.85% | -94.38% | -3.47% |
Max Drawdown (1Y)Largest decline over 1 year | -83.69% | -70.62% | -13.07% |
Max Drawdown (3Y)Largest decline over 3 years | -87.24% | -87.33% | +0.09% |
Max Drawdown (5Y)Largest decline over 5 years | -94.72% | -94.38% | -0.34% |
Current DrawdownCurrent decline from peak | -94.26% | -94.01% | -0.25% |
Average DrawdownAverage peak-to-trough decline | -77.55% | -80.13% | +2.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 60.91% | 45.21% | +15.70% |
Volatility
ADA-USD vs. SHIB-USD - Volatility Comparison
Cardano (ADA-USD) has a higher volatility of 22.36% compared to Shiba Inu (SHIB-USD) at 14.76%. This indicates that ADA-USD's price experiences larger fluctuations and is considered to be riskier than SHIB-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 | SHIB-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.36% | 14.76% | +7.60% |
Volatility (6M)Calculated over the trailing 6-month period | 52.66% | 45.97% | +6.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 64.18% | 55.77% | +8.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 74.93% | 95.44% | -20.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 103.21% | 208.85% | -105.64% |
Frequently Asked Questions
ADA-USD and SHIB-USD have a correlation of 0.87, 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 (22.36%) compared to SHIB-USD (14.76%). In terms of maximum drawdown, ADA-USD dropped -97.85% vs SHIB-USD's -94.38%.
SHIB-USD currently has the higher Sharpe Ratio (-0.90 vs -0.96), 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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