COIN vs. KMLM
COIN (Coinbase Global, Inc.) is a stock, while KMLM (KFA Mount Lucas Index Strategy ETF) is Systematic Trend fund tracking the KFA MLM Index. Over the past 5 years, COIN returned -9.73%/yr vs 5.46%/yr for KMLM. Their -0.10 correlation means they have often moved in opposite directions in the past.
Performance
COIN vs. KMLM - Performance Comparison
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Returns By Period
In the year-to-date period, COIN achieves a -35.22% return, which is significantly lower than KMLM's 10.64% return.
COIN
- 1D
- 0.16%
- 1M
- -11.47%
- 6M
- -22.02%
- YTD
- -35.22%
- 1Y
- -53.45%
- 3Y*
- 18.83%
- 5Y*
- -9.73%
- 10Y*
- —
- ALL TIME*
- -16.49%
KMLM
- 1D
- -2.05%
- 1M
- 4.67%
- 6M
- 8.67%
- YTD
- 10.64%
- 1Y
- 15.77%
- 3Y*
- -0.31%
- 5Y*
- 5.46%
- 10Y*
- —
- ALL TIME*
- 7.06%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.41B | $1.18B | $1.48B | |
| $10.28M | $9.90M | $7.93M |
COIN vs. KMLM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
COIN Coinbase Global, Inc. | -35.22% | -8.92% | 42.77% | 391.44% | -85.98% | -33.76% |
KMLM KFA Mount Lucas Index Strategy ETF | 10.64% | -2.98% | -1.69% | -5.66% | 30.61% | 3.24% |
Correlation
The correlation between COIN and KMLM is -0.05, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.05 |
Correlation (3Y) Balances recent behavior with more history. | 0.00 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.10 |
Correlation (All Time) Calculated using the full available price history since Apr 14, 2021 | -0.10 |
The correlation between COIN and KMLM shifts across timeframes, from -0.10 (5 years) to 0.00 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
COIN vs. KMLM — Risk / Return Rank
COIN
KMLM
COIN vs. KMLM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Coinbase Global, Inc. (COIN) and KFA Mount Lucas Index Strategy ETF (KMLM). 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 | KMLM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.15 | ||
| Sortino ratioReturn per unit of downside risk | -3.02 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.25 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.84 | 1.65 | -2.49 |
| Martin ratioReturn relative to average drawdown | -1.26 | 5.33 | -6.59 |
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Drawdowns
COIN vs. KMLM - Drawdown Comparison
The maximum COIN drawdown since its inception was -91.46%, which is greater than KMLM's maximum drawdown of -27.47%. Use the drawdown chart below to compare losses from any high point for COIN and KMLM.
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Drawdown Indicators
| COIN | KMLM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.46% | -27.47% | -63.99% |
Max Drawdown (1Y)Largest decline over 1 year | -63.57% | -9.61% | -53.96% |
Max Drawdown (3Y)Largest decline over 3 years | -66.39% | -22.28% | -44.11% |
Max Drawdown (5Y)Largest decline over 5 years | -90.90% | -27.47% | -63.43% |
Current DrawdownCurrent decline from peak | -65.10% | -13.73% | -51.37% |
Average DrawdownAverage peak-to-trough decline | -52.83% | -12.79% | -40.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 42.36% | 2.97% | +39.39% |
Volatility
COIN vs. KMLM - Volatility Comparison
Coinbase Global, Inc. (COIN) has a higher volatility of 19.81% compared to KFA Mount Lucas Index Strategy ETF (KMLM) at 4.35%. This indicates that COIN's price experiences larger fluctuations and is considered to be riskier than KMLM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| COIN | KMLM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.81% | 4.35% | +15.46% |
Volatility (6M)Calculated over the trailing 6-month period | 54.87% | 10.24% | +44.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 67.81% | 11.68% | +56.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 86.17% | 14.55% | +71.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 85.09% | 14.68% | +70.41% |
Dividends
COIN vs. KMLM - Dividend Comparison
COIN has not paid dividends to shareholders, while KMLM's dividend yield for the trailing twelve months is around 4.54%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
COIN Coinbase Global, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
KMLM KFA Mount Lucas Index Strategy ETF | 4.54% | 5.02% | 0.82% | 0.00% | 13.22% | 6.94% |
Frequently Asked Questions
COIN and KMLM have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
COIN has higher volatility (19.81%) compared to KMLM (4.35%). In terms of maximum drawdown, COIN dropped -91.46% vs KMLM's -27.47%.
KMLM currently has the higher Sharpe Ratio (1.36 vs -0.79), 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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