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:
0.82
SPY:
0.62
ADA-USD:
2.21
SPY:
0.90
ADA-USD:
1.23
SPY:
1.12
ADA-USD:
0.60
SPY:
0.86
ADA-USD:
4.44
SPY:
2.84
ADA-USD:
24.09%
SPY:
3.03%
ADA-USD:
94.90%
SPY:
13.88%
ADA-USD:
-97.85%
SPY:
-55.19%
ADA-USD:
-77.17%
SPY:
-8.20%
Returns By Period
In the year-to-date period, ADA-USD achieves a -19.69% return, which is significantly lower than SPY's -4.00% return.
ADA-USD
-19.69%
-40.00%
92.27%
9.00%
84.17%
N/A
SPY
-4.00%
-5.31%
-0.72%
8.80%
19.18%
12.47%
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Risk-Adjusted Performance
ADA-USD vs. SPY — Risk-Adjusted Performance Rank
ADA-USD
SPY
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 37.97% compared to SPDR S&P 500 ETF (SPY) at 6.01%. 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.