COIN vs. CPNG

Last updated Jun 13, 2026

COIN (Coinbase Global, Inc.) and CPNG (Coupang, Inc.) are both stocks. COIN operates in Financial Data & Stock Exchanges (Financial Services), while CPNG operates in Internet Retail (Consumer Cyclical). Over the past 5 years, COIN returned -6.53%/yr vs -15.31%/yr for CPNG. At a 0.34 correlation, their price movements are largely independent.

Performance

COIN vs. CPNG - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with COIN having a -29.34% return and CPNG slightly higher at -28.70%.

COIN

• 1D: -0.41%
• 1M: -18.24%
• YTD: -29.34%
• 6M: -40.26%
• 1Y: -34.17%
• 3Y*: 45.01%
• 5Y*: -6.53%
• 10Y*: —

CPNG

• 1D: -2.49%
• 1M: 4.34%
• YTD: -28.70%
• 6M: -34.37%
• 1Y: -40.14%
• 3Y*: 0.44%
• 5Y*: -15.31%
• 10Y*: —

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

COIN vs. CPNG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
COIN Coinbase Global, Inc.	-29.34%	-8.92%	42.77%	391.44%	-85.98%	-33.76%
CPNG Coupang, Inc.	-28.70%	7.32%	35.76%	10.06%	-49.93%	-37.62%

Correlation

The correlation between COIN and CPNG is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (3Y) Calculated over the trailing 3-year period	0.28
Correlation (5Y) Calculated over the trailing 5-year period	0.35
Correlation (All Time) Calculated using the full available price history since Apr 14, 2021	0.34

Fundamentals

Market Cap COIN : $42.31B CPNG : $30.70B
EPS COIN : $2.90 CPNG : -$0.09
PS Ratio COIN : 7.59 CPNG : 1.09
PB Ratio COIN : 3.14 CPNG : 7.81
Total Revenue (TTM) COIN : $5.81B CPNG : $28.65B
Gross Profit (TTM) COIN : $4.65B CPNG : $3.65B
EBITDA (TTM) COIN : $1.68B CPNG : $80.00M

Return for Risk

COIN vs. CPNG — Risk / Return Rank

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

COIN

COIN Risk / Return Rank: 25
COIN Sharpe Ratio Rank: 22
COIN Sortino Ratio Rank: 24
COIN Omega Ratio Rank: 25
COIN Calmar Ratio Rank: 25
COIN Martin Ratio Rank: 27

CPNG

CPNG Risk / Return Rank: 10
CPNG Sharpe Ratio Rank: 7
CPNG Sortino Ratio Rank: 9
CPNG Omega Ratio Rank: 8
CPNG Calmar Ratio Rank: 15
CPNG Martin Ratio Rank: 12

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. CPNG - Risk-Adjusted Trends Comparison

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

	COIN	CPNG	Difference
Sharpe ratio: Return per unit of total volatility	-0.48	-0.92	+0.44
Sortino ratio: Return per unit of downside risk	-0.35	-1.29	+0.94
Omega ratio: Gain probability vs. loss probability	0.96	0.83	+0.13
Calmar ratio: Return relative to maximum drawdown	-0.51	-0.74	+0.23
Martin ratio: Return relative to average drawdown	-0.82	-1.32	+0.49

COIN vs. CPNG - Sharpe Ratio Comparison

The current COIN Sharpe Ratio is -0.48, which is higher than the CPNG Sharpe Ratio of -0.92. The chart below compares the historical Sharpe Ratios of COIN and CPNG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

COIN vs. CPNG - Drawdown Comparison

The maximum COIN drawdown since its inception was -91.46%, which is greater than CPNG's maximum drawdown of -85.28%. Use the drawdown chart below to compare losses from any high point for COIN and CPNG.

Drawdown Indicators

	COIN	CPNG	Difference
Max Drawdown Largest peak-to-trough decline	-91.46%	-85.28%	-6.18%
Max Drawdown (1Y) Largest decline over 1 year	-66.39%	-54.91%	-11.48%
Max Drawdown (3Y) Largest decline over 3 years	-66.39%	-54.91%	-11.48%
Max Drawdown (5Y) Largest decline over 5 years	-90.90%	-79.01%	-11.89%
Current Drawdown Current decline from peak	-61.94%	-73.51%	+11.57%
Average Drawdown Average peak-to-trough decline	-52.60%	-64.19%	+11.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	41.01%	30.85%	+10.16%

Volatility

COIN vs. CPNG - Volatility Comparison

The current volatility for Coinbase Global, Inc. (COIN) is 19.52%, while Coupang, Inc. (CPNG) has a volatility of 21.03%. This indicates that COIN experiences smaller price fluctuations and is considered to be less risky than CPNG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	COIN	CPNG	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.52%	21.03%	-1.51%
Volatility (6M) Calculated over the trailing 6-month period	51.84%	39.57%	+12.27%
Volatility (1Y) Calculated over the trailing 1-year period	70.66%	44.14%	+26.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	85.93%	52.50%	+33.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	85.49%	53.74%	+31.75%

Dividends

COIN vs. CPNG - Dividend Comparison

Neither COIN nor CPNG has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both COIN and CPNG in my portfolio?

COIN and CPNG have a correlation of 0.33, 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 CPNG?

CPNG has higher volatility (21.03%) compared to COIN (19.52%). In terms of maximum drawdown, COIN dropped -91.46% vs CPNG's -85.28%.

Which has better risk-adjusted returns?

COIN currently has the higher Sharpe Ratio (-0.48 vs -0.92), 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.