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.
Key characteristics
ADA-USD | SPY | |
---|---|---|
YTD Return | 9.13% | 10.41% |
1Y Return | 76.05% | 34.16% |
3Y Return (Ann) | -13.06% | 11.38% |
5Y Return (Ann) | 35.64% | 14.99% |
Sharpe Ratio | 1.73 | 2.93 |
Daily Std Dev | 58.23% | 11.54% |
Max Drawdown | -97.85% | -55.19% |
Current Drawdown | -78.15% | 0.00% |
Correlation
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.
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 ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
---|---|---|---|---|---|
Cardano | 1.73 | ||||
SPDR S&P 500 ETF | 1.68 |
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
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.