ALGO-USD vs. ADA-USD
ALGO-USD (Algorand) and ADA-USD (Cardano) are both cryptocurrencies. Over the past 5 years, ALGO-USD returned -36.37%/yr vs -35.19%/yr for ADA-USD. A 0.71 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 -23.48% return, which is significantly higher than ADA-USD's -57.00% return.
ALGO-USD
- 1D
- -5.91%
- 1M
- -22.21%
- YTD
- -23.48%
- 6M
- -26.48%
- 1Y
- -51.96%
- 3Y*
- -13.28%
- 5Y*
- -36.37%
- 10Y*
- —
ADA-USD
- 1D
- -2.96%
- 1M
- -40.31%
- YTD
- -57.00%
- 6M
- -58.33%
- 1Y
- -74.77%
- 3Y*
- -20.11%
- 5Y*
- -35.19%
- 10Y*
- —
ALGO-USD vs. ADA-USD - Yearly Performance Comparison
Correlation
The correlation between ALGO-USD and ADA-USD is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Jun 20, 2019 | 0.71 |
The correlation between ALGO-USD and ADA-USD has been stable across timeframes, ranging from 0.71 to 0.80 - 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 | +0.35 | ||
| Sortino ratioReturn per unit of downside risk | +1.22 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 0.82 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.70 | -0.88 | +0.18 |
| Martin ratioReturn relative to average drawdown | -0.96 | -1.34 | +0.38 |
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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 | -74.55% | -85.11% | +10.56% |
Max Drawdown (3Y)Largest decline over 3 years | -84.09% | -88.36% | +4.27% |
Max Drawdown (5Y)Largest decline over 5 years | -96.59% | -95.18% | -1.41% |
Current DrawdownCurrent decline from peak | -97.43% | -95.18% | -2.25% |
Average DrawdownAverage peak-to-trough decline | -87.06% | -77.62% | -9.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 40.68% | 54.43% | -13.75% |
Volatility
ALGO-USD vs. ADA-USD - Volatility Comparison
Algorand (ALGO-USD) and Cardano (ADA-USD) have volatilities of 23.23% and 23.74%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. 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 | 23.23% | 23.74% | -0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 55.78% | 52.58% | +3.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 69.35% | 64.06% | +5.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 79.69% | 74.49% | +5.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 93.21% | 103.05% | -9.84% |
Frequently Asked Questions
ALGO-USD and ADA-USD have a correlation of 0.80, 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 (23.74%) compared to ALGO-USD (23.23%). In terms of maximum drawdown, ALGO-USD dropped -97.53% vs ADA-USD's -97.85%.
ALGO-USD currently has the higher Sharpe Ratio (-0.62 vs -0.97), 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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