COIN vs. GLXY.TO

Last updated Apr 2, 2026

Compare and contrast key facts about Coinbase Global, Inc. (COIN) and Galaxy Digital Holdings Ltd. (GLXY.TO).

Performance

COIN vs. GLXY.TO - Performance Comparison

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

COIN vs. GLXY.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
COIN Coinbase Global, Inc.	-23.50%	-8.92%	42.77%	391.44%	-85.98%	-23.12%
GLXY.TO Galaxy Digital Holdings Ltd.	-8.03%	28.86%	122.81%	173.00%	-84.06%	-36.73%

Different Trading Currencies

COIN is traded in USD, while GLXY.TO is traded in CAD. To make them comparable, the GLXY.TO values have been converted to USD using the latest available exchange rates.

Fundamentals

Market Cap COIN : $46.41B GLXY.TO : CA$11.00B
EPS COIN : $4.51 GLXY.TO : CA$1.14
PE Ratio COIN : 38.39 GLXY.TO : 24.85
PEG Ratio COIN : 0.03 GLXY.TO : 0.01
PS Ratio COIN : 7.52 GLXY.TO : 0.18
PB Ratio COIN : 3.14 GLXY.TO : 5.71
Total Revenue (TTM) COIN : $6.43B GLXY.TO : CA$58.24B
Gross Profit (TTM) COIN : $4.96B GLXY.TO : CA$10.84B
EBITDA (TTM) COIN : $1.78B GLXY.TO : CA$10.79B

Returns By Period

In the year-to-date period, COIN achieves a -23.50% return, which is significantly lower than GLXY.TO's -8.03% return.

COIN

• 1D: -0.93%
• 1M: -6.61%
• YTD: -23.50%
• 6M: -50.03%
• 1Y: -0.88%
• 3Y*: 36.80%
• 5Y*: —
• 10Y*: —

GLXY.TO

• 1D: 0.08%
• 1M: -5.15%
• YTD: -8.03%
• 6M: -42.52%
• 1Y: 80.32%
• 3Y*: 80.39%
• 5Y*: -1.73%
• 10Y*: 30.36%

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

Return for Risk

COIN vs. GLXY.TO — Risk / Return Rank

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

COIN

COIN Risk / Return Rank: 41
COIN Sharpe Ratio Rank: 39
COIN Sortino Ratio Rank: 43
COIN Omega Ratio Rank: 41
COIN Calmar Ratio Rank: 40
COIN Martin Ratio Rank: 40

GLXY.TO

GLXY.TO Risk / Return Rank: 62
GLXY.TO Sharpe Ratio Rank: 62
GLXY.TO Sortino Ratio Rank: 65
GLXY.TO Omega Ratio Rank: 60
GLXY.TO Calmar Ratio Rank: 61
GLXY.TO Martin Ratio Rank: 60

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. GLXY.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Coinbase Global, Inc. (COIN) and Galaxy Digital Holdings Ltd. (GLXY.TO). 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	GLXY.TO	Difference
Sharpe ratio Return per unit of total volatility	-0.01	0.68	-0.69
Sortino ratio Return per unit of downside risk	0.58	1.50	-0.92
Omega ratio Gain probability vs. loss probability	1.07	1.17	-0.11
Calmar ratio Return relative to maximum drawdown	0.01	1.10	-1.09
Martin ratio Return relative to average drawdown	0.01	2.36	-2.34
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. GLXY.TO - Sharpe Ratio Comparison

The current COIN Sharpe Ratio is -0.01, which is lower than the GLXY.TO Sharpe Ratio of 0.68. The chart below compares the historical Sharpe Ratios of COIN and GLXY.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	COIN	GLXY.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.01	0.68	-0.69
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.02	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.26	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.14	-0.01	-0.14

Correlation

The correlation between COIN and GLXY.TO is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

COIN vs. GLXY.TO - Dividend Comparison

Neither COIN nor GLXY.TO has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

COIN vs. GLXY.TO - Drawdown Comparison

The maximum COIN drawdown since its inception was -90.90%, smaller than the maximum GLXY.TO drawdown of -98.56%. Use the drawdown chart below to compare losses from any high point for COIN and GLXY.TO.

Drawdown Indicators

	COIN	GLXY.TO	Difference
Max Drawdown Largest peak-to-trough decline	-90.90%	-99.93%	+9.03%
Max Drawdown (1Y) Largest decline over 1 year	-66.39%	-61.64%	-4.75%
Max Drawdown (5Y) Largest decline over 5 years	—	-91.88%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-91.88%	—
Current Drawdown Current decline from peak	-58.79%	-96.81%	+38.02%
Average Drawdown Average peak-to-trough decline	-49.66%	-93.29%	+43.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	32.71%	28.86%	+3.85%

Volatility

COIN vs. GLXY.TO - Volatility Comparison

The current volatility for Coinbase Global, Inc. (COIN) is 23.29%, while Galaxy Digital Holdings Ltd. (GLXY.TO) has a volatility of 29.43%. This indicates that COIN experiences smaller price fluctuations and is considered to be less risky than GLXY.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	COIN	GLXY.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.29%	29.43%	-6.14%
Volatility (6M) Calculated over the trailing 6-month period	52.06%	68.27%	-16.21%
Volatility (1Y) Calculated over the trailing 1-year period	75.17%	92.45%	-17.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	86.05%	98.20%	-12.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	86.05%	117.99%	-31.94%

Financials

COIN vs. GLXY.TO - Profitability Comparison

The chart below illustrates the profitability comparison between Coinbase Global, Inc. and Galaxy Digital Holdings Ltd. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

COIN - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Coinbase Global, Inc. reported a gross profit of 742.44M and revenue of 1.03B. Therefore, the gross margin over that period was 71.9%.

GLXY.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Galaxy Digital Holdings Ltd. reported a gross profit of -88.68M and revenue of 10.22B. Therefore, the gross margin over that period was -0.9%.

COIN - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Coinbase Global, Inc. reported an operating income of -444.41M and revenue of 1.03B, resulting in an operating margin of -43.1%.

GLXY.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Galaxy Digital Holdings Ltd. reported an operating income of -224.31M and revenue of 10.22B, resulting in an operating margin of -2.2%.

COIN - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Coinbase Global, Inc. reported a net income of -666.73M and revenue of 1.03B, resulting in a net margin of -64.6%.

GLXY.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Galaxy Digital Holdings Ltd. reported a net income of -195.42M and revenue of 10.22B, resulting in a net margin of -1.9%.