ADA-USD vs. SOL-USD
ADA-USD (Cardano) and SOL-USD (Solana) are both cryptocurrencies. Over the past 5 years, ADA-USD returned -37.38%/yr vs 8.85%/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 -51.46% return, which is significantly lower than SOL-USD's -48.05% 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*
- —
SOL-USD
- 1D
- -6.02%
- 1M
- -27.48%
- YTD
- -48.05%
- 6M
- -51.51%
- 1Y
- -55.22%
- 3Y*
- 46.91%
- 5Y*
- 8.85%
- 10Y*
- —
ADA-USD vs. SOL-USD - Yearly Performance Comparison
Correlation
The correlation between ADA-USD and SOL-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 | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Apr 11, 2020 | 0.63 |
Over the past year, ADA-USD and SOL-USD have become more correlated (0.87) 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.
| ADA-USD | SOL-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.86 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 0.90 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.89 | -0.75 | -0.14 |
| Martin ratioReturn relative to average drawdown | -1.41 | -1.22 | -0.19 |
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 | SOL-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.97 | -0.77 | -0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.41 | 0.09 | -0.50 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 0.82 | -0.65 |
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 | -83.19% | -73.89% | -9.30% |
Max Drawdown (3Y)Largest decline over 3 years | -86.85% | -75.32% | -11.53% |
Max Drawdown (5Y)Largest decline over 5 years | -94.55% | -96.27% | +1.72% |
Current DrawdownCurrent decline from peak | -94.55% | -75.32% | -19.23% |
Average DrawdownAverage peak-to-trough decline | -77.53% | -51.36% | -26.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 59.40% | 51.93% | +7.47% |
Volatility
ADA-USD vs. SOL-USD - Volatility Comparison
Cardano (ADA-USD) has a higher volatility of 19.22% compared to Solana (SOL-USD) at 15.17%. 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 | 19.22% | 15.17% | +4.05% |
Volatility (6M)Calculated over the trailing 6-month period | 52.51% | 45.73% | +6.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 63.88% | 60.01% | +3.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 74.91% | 82.59% | -7.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 102.99% | 99.84% | +3.15% |
Frequently Asked Questions
ADA-USD and SOL-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 (19.22%) compared to SOL-USD (15.17%). In terms of maximum drawdown, ADA-USD dropped -97.85% vs SOL-USD's -96.27%.
SOL-USD currently has the higher Sharpe Ratio (-0.77 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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