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:
1.87
SPY:
1.95
ADA-USD:
2.57
SPY:
2.60
ADA-USD:
1.26
SPY:
1.36
ADA-USD:
1.03
SPY:
2.98
ADA-USD:
8.22
SPY:
12.42
ADA-USD:
19.79%
SPY:
2.02%
ADA-USD:
69.47%
SPY:
12.88%
ADA-USD:
-97.85%
SPY:
-55.19%
ADA-USD:
-68.29%
SPY:
-1.30%
Returns By Period
In the year-to-date period, ADA-USD achieves a 11.54% return, which is significantly higher than SPY's 2.68% return.
ADA-USD
11.54%
9.43%
142.08%
83.04%
77.25%
N/A
SPY
2.68%
2.31%
9.96%
24.17%
15.14%
13.67%
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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 27.38% compared to SPDR S&P 500 ETF (SPY) at 3.86%. 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.