COIN vs. MARA
COIN (Coinbase Global, Inc.) and MARA (MARA Holdings, Inc.) are both stocks. Both are in the Financial Services sector — COIN in Financial Data & Stock Exchanges, MARA in Capital Markets. Over the past 5 years, COIN returned -6.45%/yr vs -12.51%/yr for MARA. A 0.71 correlation means they provide meaningful diversification when combined.
Performance
COIN vs. MARA - Performance Comparison
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Returns By Period
In the year-to-date period, COIN achieves a -29.06% return, which is significantly lower than MARA's 51.56% return.
COIN
- 1D
- 4.20%
- 1M
- -22.74%
- YTD
- -29.06%
- 6M
- -40.37%
- 1Y
- -36.00%
- 3Y*
- 46.95%
- 5Y*
- -6.45%
- 10Y*
- —
MARA
- 1D
- 7.84%
- 1M
- 7.00%
- YTD
- 51.56%
- 6M
- 14.95%
- 1Y
- -16.76%
- 3Y*
- 13.41%
- 5Y*
- -12.51%
- 10Y*
- -10.54%
COIN vs. MARA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
COIN Coinbase Global, Inc. | -29.06% | -8.92% | 42.77% | 391.44% | -85.98% | -33.76% |
MARA MARA Holdings, Inc. | 51.56% | -46.45% | -28.61% | 586.84% | -89.59% | -35.57% |
Correlation
The correlation between COIN and MARA is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Apr 14, 2021 | 0.71 |
The correlation between COIN and MARA has been stable across timeframes, ranging from 0.63 to 0.73 - a consistent structural relationship.
Fundamentals
COIN:
$42.48B
MARA:
$5.17B
COIN:
$2.90
MARA:
-$4.95
COIN:
7.62
MARA:
6.45
COIN:
$5.81B
MARA:
$867.82M
COIN:
$4.65B
MARA:
$164.95M
COIN:
$1.68B
MARA:
$373.68M
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Return for Risk
COIN vs. MARA — Risk / Return Rank
COIN
MARA
COIN vs. MARA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Coinbase Global, Inc. (COIN) and MARA Holdings, Inc. (MARA). 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 | MARA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.30 | ||
| Sortino ratioReturn per unit of downside risk | -0.66 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.03 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.54 | -0.24 | -0.31 |
| Martin ratioReturn relative to average drawdown | -0.88 | -0.40 | -0.49 |
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Drawdowns
COIN vs. MARA - Drawdown Comparison
The maximum COIN drawdown since its inception was -91.46%, smaller than the maximum MARA drawdown of -99.74%. Use the drawdown chart below to compare losses from any high point for COIN and MARA.
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Drawdown Indicators
| COIN | MARA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.46% | -99.74% | +8.28% |
Max Drawdown (1Y)Largest decline over 1 year | -66.39% | -70.53% | +4.14% |
Max Drawdown (3Y)Largest decline over 3 years | -66.39% | -78.34% | +11.95% |
Max Drawdown (5Y)Largest decline over 5 years | -90.90% | -95.87% | +4.97% |
Max Drawdown (10Y)Largest decline over 10 years | — | -99.20% | — |
Current DrawdownCurrent decline from peak | -61.78% | -91.20% | +29.42% |
Average DrawdownAverage peak-to-trough decline | -52.59% | -78.00% | +25.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 40.82% | 42.52% | -1.70% |
Volatility
COIN vs. MARA - Volatility Comparison
The current volatility for Coinbase Global, Inc. (COIN) is 19.58%, while MARA Holdings, Inc. (MARA) has a volatility of 23.52%. This indicates that COIN experiences smaller price fluctuations and is considered to be less risky than MARA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| COIN | MARA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.58% | 23.52% | -3.94% |
Volatility (6M)Calculated over the trailing 6-month period | 51.84% | 60.48% | -8.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 70.68% | 79.23% | -8.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 85.96% | 106.02% | -20.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 85.53% | 144.15% | -58.62% |
Dividends
COIN vs. MARA - Dividend Comparison
Neither COIN nor MARA has paid dividends to shareholders.
Financials
COIN vs. MARA - Financials Comparison
This section allows you to compare key financial metrics between Coinbase Global, Inc. and MARA Holdings, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
COIN and MARA have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MARA has higher volatility (23.52%) compared to COIN (19.58%). In terms of maximum drawdown, COIN dropped -91.46% vs MARA's -99.74%.
MARA currently has the higher Sharpe Ratio (-0.21 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.
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