PortfoliosLab logo
Tools
Performance Analysis
Risk Analysis
Optimization
Factor Model
See All Tools
Portfolio Analysis
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
ADA-USD vs. SPY
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

Key characteristics


ADA-USDSPY
YTD Return9.13%10.41%
1Y Return76.05%34.16%
3Y Return (Ann)-13.06%11.38%
5Y Return (Ann)35.64%14.99%
Sharpe Ratio1.732.93
Daily Std Dev58.23%11.54%
Max Drawdown-97.85%-55.19%
Current Drawdown-78.15%0.00%

Correlation

0.19
-1.001.00

The correlation between ADA-USD and SPY is 0.19, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Performance

ADA-USD vs. SPY - Performance Comparison

In the year-to-date period, ADA-USD achieves a 9.13% return, which is significantly lower than SPY's 10.41% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


0.00%500.00%1,000.00%1,500.00%2,000.00%OctoberNovemberDecember2024FebruaryMarch
1,923.16%
125.92%
ADA-USD
SPY

Compare stocks, funds, or ETFs


Cardano

SPDR S&P 500 ETF

Risk-Adjusted Performance

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

This table presents a comparison of risk-adjusted performance metrics for Cardano (ADA-USD) and SPDR S&P 500 ETF (SPY). 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 ratioSortino ratioOmega ratioCalmar ratioUlcer Index
ADA-USD
Cardano
1.73
SPY
SPDR S&P 500 ETF
1.68

ADA-USD vs. SPY - Sharpe Ratio Comparison

The current ADA-USD Sharpe Ratio is 1.73, which roughly equals the SPY Sharpe Ratio of 1.68. The chart below compares the 12-month rolling Sharpe Ratio of ADA-USD and SPY.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.00OctoberNovemberDecember2024FebruaryMarch
1.73
1.68
ADA-USD
SPY

Drawdowns

ADA-USD vs. SPY - Drawdown Comparison

The maximum ADA-USD drawdown since its inception was -97.85%, which is greater than SPY's maximum drawdown of -55.19%. The drawdown chart below compares losses from any high point along the way for ADA-USD and SPY


-100.00%-80.00%-60.00%-40.00%-20.00%0.00%OctoberNovemberDecember2024FebruaryMarch
-78.15%
0
ADA-USD
SPY

Volatility

ADA-USD vs. SPY - Volatility Comparison

Cardano (ADA-USD) has a higher volatility of 22.32% compared to SPDR S&P 500 ETF (SPY) at 2.31%. This indicates that ADA-USD's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%5.00%10.00%15.00%20.00%25.00%30.00%OctoberNovemberDecember2024FebruaryMarch
22.32%
2.31%
ADA-USD
SPY