ADA-USD vs. SPY
Compare and contrast key facts about Cardano (ADA-USD) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ADA-USD or SPY.
Performance
ADA-USD vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, ADA-USD achieves a 38.08% return, which is significantly higher than SPY's 26.08% return.
ADA-USD
38.08%
125.52%
76.32%
115.54%
84.53%
N/A
SPY
26.08%
1.77%
13.59%
32.24%
15.62%
13.10%
Key characteristics
| ADA-USD | SPY | |
|---|---|---|
| Sharpe Ratio | 0.18 | 2.70 |
| Sortino Ratio | 0.85 | 3.60 |
| Omega Ratio | 1.08 | 1.50 |
| Calmar Ratio | 0.04 | 3.90 |
| Martin Ratio | 0.32 | 17.52 |
| Ulcer Index | 42.61% | 1.87% |
| Daily Std Dev | 67.09% | 12.14% |
| Max Drawdown | -97.85% | -55.19% |
| Current Drawdown | -72.36% | -0.85% |
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Correlation
The correlation between ADA-USD and SPY is 0.20, 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.
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.
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%. Use the drawdown chart below to compare losses from any high point for ADA-USD and SPY. For additional features, visit the drawdowns tool.
Volatility
ADA-USD vs. SPY - Volatility Comparison
Cardano (ADA-USD) has a higher volatility of 34.10% compared to SPDR S&P 500 ETF (SPY) at 4.09%. 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.