ALGO-USD vs. ADA-USD
ALGO-USD (Algorand) and ADA-USD (Cardano) are both cryptocurrencies. Over the past 5 years, ALGO-USD returned -36.36%/yr vs -32.35%/yr for ADA-USD. A 0.70 correlation means they provide meaningful diversification when combined.
Performance
ALGO-USD vs. ADA-USD - Performance Comparison
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Returns By Period
In the year-to-date period, ALGO-USD achieves a -24.43% return, which is significantly higher than ADA-USD's -49.71% return.
ALGO-USD
- 1D
- 1.16%
- 1M
- -15.88%
- 6M
- -35.98%
- YTD
- -24.43%
- 1Y
- -73.84%
- 3Y*
- -9.91%
- 5Y*
- -36.36%
- 10Y*
- —
ADA-USD
- 1D
- 4.17%
- 1M
- 0.42%
- 6M
- -57.71%
- YTD
- -49.71%
- 1Y
- -79.64%
- 3Y*
- -18.51%
- 5Y*
- -32.35%
- 10Y*
- —
ALGO-USD vs. ADA-USD - Yearly Performance Comparison
Correlation
The correlation between ALGO-USD and ADA-USD is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Jun 20, 2019 | 0.70 |
The correlation between ALGO-USD and ADA-USD has been stable across timeframes, ranging from 0.70 to 0.78 - a consistent structural relationship.
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Return for Risk
ALGO-USD vs. ADA-USD — Risk / Return Rank
ALGO-USD
ADA-USD
ALGO-USD vs. ADA-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Algorand (ALGO-USD) and Cardano (ADA-USD). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ALGO-USD | ADA-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.43 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 0.79 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | -1.01 | -0.94 | -0.08 |
| Martin ratioReturn relative to average drawdown | -1.35 | -1.34 | -0.01 |
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Drawdowns
ALGO-USD vs. ADA-USD - Drawdown Comparison
The maximum ALGO-USD drawdown since its inception was -97.53%, roughly equal to the maximum ADA-USD drawdown of -97.85%. Use the drawdown chart below to compare losses from any high point for ALGO-USD and ADA-USD.
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Drawdown Indicators
| ALGO-USD | ADA-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.53% | -97.85% | +0.32% |
Max Drawdown (1Y)Largest decline over 1 year | -72.80% | -85.07% | +12.27% |
Max Drawdown (3Y)Largest decline over 3 years | -84.09% | -88.33% | +4.24% |
Max Drawdown (5Y)Largest decline over 5 years | -96.59% | -95.16% | -1.43% |
Current DrawdownCurrent decline from peak | -97.46% | -94.36% | -3.10% |
Average DrawdownAverage peak-to-trough decline | -87.15% | -77.73% | -9.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 43.19% | 53.18% | -9.99% |
Volatility
ALGO-USD vs. ADA-USD - Volatility Comparison
The current volatility for Algorand (ALGO-USD) is 14.74%, while Cardano (ADA-USD) has a volatility of 20.96%. This indicates that ALGO-USD experiences smaller price fluctuations and is considered to be less risky than ADA-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ALGO-USD | ADA-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.74% | 20.96% | -6.22% |
Volatility (6M)Calculated over the trailing 6-month period | 53.57% | 52.20% | +1.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 65.58% | 64.48% | +1.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 79.58% | 74.65% | +4.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 92.86% | 102.83% | -9.97% |
Frequently Asked Questions
ALGO-USD and ADA-USD have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ADA-USD has higher volatility (20.96%) compared to ALGO-USD (14.74%). In terms of maximum drawdown, ALGO-USD dropped -97.53% vs ADA-USD's -97.85%.
ALGO-USD currently has the higher Sharpe Ratio (-0.95 vs -1.03), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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