ATOM-USD vs. ADA-USD
ATOM-USD (Cosmos) and ADA-USD (Cardano) are both cryptocurrencies. Over the past 5 years, ATOM-USD returned -32.81%/yr vs -32.75%/yr for ADA-USD. A 0.66 correlation means they provide meaningful diversification when combined.
Performance
ATOM-USD vs. ADA-USD - Performance Comparison
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Returns By Period
In the year-to-date period, ATOM-USD achieves a -21.60% return, which is significantly higher than ADA-USD's -51.52% return.
ATOM-USD
- 1D
- -2.89%
- 1M
- -24.16%
- 6M
- -39.01%
- YTD
- -21.60%
- 1Y
- -68.18%
- 3Y*
- -45.71%
- 5Y*
- -32.81%
- 10Y*
- —
ADA-USD
- 1D
- -2.18%
- 1M
- -6.27%
- 6M
- -58.95%
- YTD
- -51.52%
- 1Y
- -78.89%
- 3Y*
- -19.73%
- 5Y*
- -32.75%
- 10Y*
- —
ATOM-USD vs. ADA-USD - Yearly Performance Comparison
Correlation
The correlation between ATOM-USD and ADA-USD is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Mar 14, 2019 | 0.66 |
The correlation between ATOM-USD and ADA-USD has been stable across timeframes, ranging from 0.66 to 0.75 - a consistent structural relationship.
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Return for Risk
ATOM-USD vs. ADA-USD — Risk / Return Rank
ATOM-USD
ADA-USD
ATOM-USD vs. ADA-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cosmos (ATOM-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.
| ATOM-USD | ADA-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.41 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 0.80 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.96 | -0.93 | -0.03 |
| Martin ratioReturn relative to average drawdown | -1.30 | -1.33 | +0.03 |
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Drawdowns
ATOM-USD vs. ADA-USD - Drawdown Comparison
The maximum ATOM-USD drawdown since its inception was -96.59%, roughly equal to the maximum ADA-USD drawdown of -97.85%. Use the drawdown chart below to compare losses from any high point for ATOM-USD and ADA-USD.
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Drawdown Indicators
| ATOM-USD | ADA-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.59% | -97.85% | +1.26% |
Max Drawdown (1Y)Largest decline over 1 year | -70.89% | -85.07% | +14.18% |
Max Drawdown (3Y)Largest decline over 3 years | -89.39% | -88.33% | -1.06% |
Max Drawdown (5Y)Largest decline over 5 years | -96.59% | -95.16% | -1.43% |
Current DrawdownCurrent decline from peak | -96.59% | -94.56% | -2.03% |
Average DrawdownAverage peak-to-trough decline | -65.44% | -77.73% | +12.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 36.38% | 52.99% | -16.61% |
Volatility
ATOM-USD vs. ADA-USD - Volatility Comparison
The current volatility for Cosmos (ATOM-USD) is 11.17%, while Cardano (ADA-USD) has a volatility of 20.73%. This indicates that ATOM-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
| ATOM-USD | ADA-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.17% | 20.73% | -9.56% |
Volatility (6M)Calculated over the trailing 6-month period | 41.82% | 52.00% | -10.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.36% | 64.40% | -8.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 76.73% | 74.63% | +2.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 90.26% | 102.84% | -12.58% |
Frequently Asked Questions
ATOM-USD and ADA-USD have a correlation of 0.75, 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 (20.73%) compared to ATOM-USD (11.17%). In terms of maximum drawdown, ATOM-USD dropped -96.59% vs ADA-USD's -97.85%.
ATOM-USD currently has the higher Sharpe Ratio (-1.01 vs -1.02), 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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