COIN vs. BKKT

Last updated Jun 9, 2026

COIN (Coinbase Global, Inc.) and BKKT (Bakkt Holdings, Inc.) are both stocks. COIN operates in Financial Data & Stock Exchanges (Financial Services), while BKKT operates in Software - Infrastructure (Technology). Over the past 5 years, COIN returned -6.29%/yr vs -50.00%/yr for BKKT. A 0.55 correlation means they provide meaningful diversification when combined.

Performance

COIN vs. BKKT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Coinbase Global, Inc. (COIN) and Bakkt Holdings, Inc. (BKKT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, COIN achieves a -28.31% return, which is significantly lower than BKKT's -19.22% return.

COIN

• 1D: 6.37%
• 1M: -19.41%
• YTD: -28.31%
• 6M: -40.88%
• 1Y: -35.48%
• 3Y*: 44.90%
• 5Y*: -6.29%
• 10Y*: —

BKKT

• 1D: 3.58%
• 1M: -17.66%
• YTD: -19.22%
• 6M: -36.44%
• 1Y: -41.70%
• 3Y*: -38.43%
• 5Y*: -50.00%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

COIN vs. BKKT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
COIN Coinbase Global, Inc.	-28.31%	-8.92%	42.77%	391.44%	-85.98%	-23.12%
BKKT Bakkt Holdings, Inc.	-19.22%	-59.47%	-55.57%	87.39%	-86.02%	-35.92%

Correlation

The correlation between COIN and BKKT is 0.58, 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	0.58
Correlation (3Y) Calculated over the trailing 3-year period	0.54
Correlation (5Y) Calculated over the trailing 5-year period	0.56
Correlation (All Time) Calculated using the full available price history since Apr 15, 2021	0.55

The correlation between COIN and BKKT has been stable across timeframes, ranging from 0.54 to 0.58 - a consistent structural relationship.

Fundamentals

EPS COIN : $2.90 BKKT : -$18.68
PS Ratio COIN : 7.70 BKKT : 0.04
Total Revenue (TTM) COIN : $5.81B BKKT : $1.28B
Gross Profit (TTM) COIN : $4.65B BKKT : $470.36M
EBITDA (TTM) COIN : $1.68B BKKT : -$124.76M

Return for Risk

COIN vs. BKKT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

COIN

COIN Risk / Return Rank: 23
COIN Sharpe Ratio Rank: 20
COIN Sortino Ratio Rank: 22
COIN Omega Ratio Rank: 24
COIN Calmar Ratio Rank: 23
COIN Martin Ratio Rank: 25

BKKT

BKKT Risk / Return Rank: 35
BKKT Sharpe Ratio Rank: 30
BKKT Sortino Ratio Rank: 45
BKKT Omega Ratio Rank: 44
BKKT Calmar Ratio Rank: 25
BKKT Martin Ratio Rank: 30

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

COIN vs. BKKT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Coinbase Global, Inc. (COIN) and Bakkt Holdings, Inc. (BKKT). 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.

	COIN	BKKT	Difference
Sharpe ratio: Return per unit of total volatility	-0.51	-0.28	-0.23
Sortino ratio: Return per unit of downside risk	-0.41	0.59	-1.00
Omega ratio: Gain probability vs. loss probability	0.95	1.07	-0.11
Calmar ratio: Return relative to maximum drawdown	-0.54	-0.49	-0.04
Martin ratio: Return relative to average drawdown	-0.88	-0.67	-0.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

COIN vs. BKKT - Sharpe Ratio Comparison

The current COIN Sharpe Ratio is -0.51, which is lower than the BKKT Sharpe Ratio of -0.28. The chart below compares the historical Sharpe Ratios of COIN and BKKT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	COIN	BKKT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.51	-0.28	-0.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.07	-0.26	+0.19
Sharpe Ratio (All Time) Calculated using the full available price history	-0.15	-0.26	+0.11

Drawdowns

COIN vs. BKKT - Drawdown Comparison

The maximum COIN drawdown since its inception was -90.90%, smaller than the maximum BKKT drawdown of -99.41%. Use the drawdown chart below to compare losses from any high point for COIN and BKKT.

Drawdown Indicators

	COIN	BKKT	Difference
Max Drawdown Largest peak-to-trough decline	-90.90%	-99.41%	+8.51%
Max Drawdown (1Y) Largest decline over 1 year	-66.39%	-84.57%	+18.18%
Max Drawdown (3Y) Largest decline over 3 years	-66.39%	-89.36%	+22.97%
Max Drawdown (5Y) Largest decline over 5 years	-90.90%	-99.41%	+8.51%
Current Drawdown Current decline from peak	-61.38%	-99.24%	+37.86%
Average Drawdown Average peak-to-trough decline	-49.86%	-84.80%	+34.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	40.25%	62.74%	-22.49%

Volatility

COIN vs. BKKT - Volatility Comparison

The current volatility for Coinbase Global, Inc. (COIN) is 21.42%, while Bakkt Holdings, Inc. (BKKT) has a volatility of 39.68%. This indicates that COIN experiences smaller price fluctuations and is considered to be less risky than BKKT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	COIN	BKKT	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.42%	39.68%	-18.26%
Volatility (6M) Calculated over the trailing 6-month period	51.58%	81.06%	-29.48%
Volatility (1Y) Calculated over the trailing 1-year period	70.60%	149.68%	-79.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	85.93%	189.62%	-103.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	85.40%	183.12%	-97.72%

Dividends

COIN vs. BKKT - Dividend Comparison

Neither COIN nor BKKT has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both COIN and BKKT in my portfolio?

COIN and BKKT have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, COIN or BKKT?

BKKT has higher volatility (39.68%) compared to COIN (21.42%). In terms of maximum drawdown, COIN dropped -90.90% vs BKKT's -99.41%.

Which has better risk-adjusted returns?

BKKT currently has the higher Sharpe Ratio (-0.28 vs -0.51), 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.