ADA-USD vs. SOL-USD
ADA-USD (Cardano) and SOL-USD (Solana) are both cryptocurrencies. Over the past 5 years, ADA-USD returned -35.19%/yr vs 17.85%/yr for SOL-USD. A 0.63 correlation means they provide meaningful diversification when combined.
Performance
ADA-USD vs. SOL-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 SOL-USD's -45.67% 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*
- —
SOL-USD
- 1D
- -0.59%
- 1M
- -19.12%
- YTD
- -45.67%
- 6M
- -43.65%
- 1Y
- -52.93%
- 3Y*
- 60.74%
- 5Y*
- 17.85%
- 10Y*
- —
ADA-USD vs. SOL-USD - Yearly Performance Comparison
Correlation
The correlation between ADA-USD and SOL-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 | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2020 | 0.63 |
Over the past year, ADA-USD and SOL-USD have become more correlated (0.86) than their long-term average of 0.63, meaning their price movements have been converging.
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Return for Risk
ADA-USD vs. SOL-USD — Risk / Return Rank
ADA-USD
SOL-USD
ADA-USD vs. SOL-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cardano (ADA-USD) and Solana (SOL-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 | SOL-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.96 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 0.91 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.88 | -0.71 | -0.17 |
| Martin ratioReturn relative to average drawdown | -1.34 | -1.10 | -0.24 |
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Drawdowns
ADA-USD vs. SOL-USD - Drawdown Comparison
The maximum ADA-USD drawdown since its inception was -97.85%, roughly equal to the maximum SOL-USD drawdown of -96.27%. Use the drawdown chart below to compare losses from any high point for ADA-USD and SOL-USD.
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Drawdown Indicators
| ADA-USD | SOL-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.85% | -96.27% | -1.58% |
Max Drawdown (1Y)Largest decline over 1 year | -85.11% | -74.89% | -10.22% |
Max Drawdown (3Y)Largest decline over 3 years | -88.36% | -76.28% | -12.08% |
Max Drawdown (5Y)Largest decline over 5 years | -95.18% | -96.27% | +1.09% |
Current DrawdownCurrent decline from peak | -95.18% | -74.19% | -20.99% |
Average DrawdownAverage peak-to-trough decline | -77.62% | -51.54% | -26.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 54.43% | 48.59% | +5.84% |
Volatility
ADA-USD vs. SOL-USD - Volatility Comparison
Cardano (ADA-USD) has a higher volatility of 23.74% compared to Solana (SOL-USD) at 19.10%. This indicates that ADA-USD's price experiences larger fluctuations and is considered to be riskier than SOL-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 | SOL-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.74% | 19.10% | +4.64% |
Volatility (6M)Calculated over the trailing 6-month period | 52.58% | 47.04% | +5.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 64.06% | 59.50% | +4.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 74.49% | 81.59% | -7.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 103.05% | 99.61% | +3.44% |
Frequently Asked Questions
ADA-USD and SOL-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 (23.74%) compared to SOL-USD (19.10%). In terms of maximum drawdown, ADA-USD dropped -97.85% vs SOL-USD's -96.27%.
SOL-USD currently has the higher Sharpe Ratio (-0.74 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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