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.
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.
Performance
ADA-USD vs. SPY - Performance Comparison
Key characteristics
ADA-USD:
1.80
SPY:
2.21
ADA-USD:
2.52
SPY:
2.93
ADA-USD:
1.25
SPY:
1.41
ADA-USD:
0.94
SPY:
3.26
ADA-USD:
6.41
SPY:
14.43
ADA-USD:
23.58%
SPY:
1.90%
ADA-USD:
68.96%
SPY:
12.41%
ADA-USD:
-97.85%
SPY:
-55.19%
ADA-USD:
-67.96%
SPY:
-2.74%
Returns By Period
In the year-to-date period, ADA-USD achieves a 60.05% return, which is significantly higher than SPY's 25.54% return.
ADA-USD
60.05%
18.83%
152.89%
49.39%
94.16%
N/A
SPY
25.54%
-0.42%
8.90%
25.98%
14.66%
12.97%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 36.31% compared to SPDR S&P 500 ETF (SPY) at 3.69%. 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.