COIN vs. QUAL
COIN (Coinbase Global, Inc.) is a stock, while QUAL (iShares MSCI USA Quality Factor ETF) is Large Cap Blend Equities fund tracking the MSCI USA Sector Neutral Quality Index. Over the past 5 years, COIN returned -6.29%/yr vs 11.82%/yr for QUAL. A 0.52 correlation means they provide meaningful diversification when combined.
Performance
COIN vs. QUAL - Performance Comparison
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Returns By Period
In the year-to-date period, COIN achieves a -28.31% return, which is significantly lower than QUAL's 7.89% return.
COIN
- 1D
- 6.37%
- 1M
- -19.41%
- YTD
- -28.31%
- 6M
- -40.88%
- 1Y
- -35.48%
- 3Y*
- 44.90%
- 5Y*
- -6.29%
- 10Y*
- —
QUAL
- 1D
- 0.32%
- 1M
- 1.62%
- YTD
- 7.89%
- 6M
- 8.26%
- 1Y
- 19.70%
- 3Y*
- 19.43%
- 5Y*
- 11.82%
- 10Y*
- 14.19%
COIN vs. QUAL - 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% |
QUAL iShares MSCI USA Quality Factor ETF | 7.89% | 12.65% | 22.29% | 30.88% | -20.50% | 16.91% |
Correlation
The correlation between COIN and QUAL is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2021 | 0.52 |
The correlation between COIN and QUAL has been stable across timeframes, ranging from 0.46 to 0.53 - a consistent structural relationship.
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Return for Risk
COIN vs. QUAL — Risk / Return Rank
COIN
QUAL
COIN vs. QUAL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Coinbase Global, Inc. (COIN) and iShares MSCI USA Quality Factor ETF (QUAL). 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 | QUAL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.16 | ||
| Sortino ratioReturn per unit of downside risk | -2.75 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.29 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.54 | 2.19 | -2.73 |
| Martin ratioReturn relative to average drawdown | -0.88 | 9.96 | -10.85 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| COIN | QUAL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.51 | 1.65 | -2.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.07 | 0.68 | -0.76 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.79 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.15 | 0.80 | -0.95 |
Drawdowns
COIN vs. QUAL - Drawdown Comparison
The maximum COIN drawdown since its inception was -90.90%, which is greater than QUAL's maximum drawdown of -34.06%. Use the drawdown chart below to compare losses from any high point for COIN and QUAL.
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Drawdown Indicators
| COIN | QUAL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.90% | -34.06% | -56.84% |
Max Drawdown (1Y)Largest decline over 1 year | -66.39% | -9.03% | -57.36% |
Max Drawdown (3Y)Largest decline over 3 years | -66.39% | -18.00% | -48.39% |
Max Drawdown (5Y)Largest decline over 5 years | -90.90% | -28.23% | -62.67% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.06% | — |
Current DrawdownCurrent decline from peak | -61.38% | -1.61% | -59.77% |
Average DrawdownAverage peak-to-trough decline | -49.86% | -4.10% | -45.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 40.25% | 1.98% | +38.27% |
Volatility
COIN vs. QUAL - Volatility Comparison
Coinbase Global, Inc. (COIN) has a higher volatility of 21.42% compared to iShares MSCI USA Quality Factor ETF (QUAL) at 3.12%. This indicates that COIN's price experiences larger fluctuations and is considered to be riskier than QUAL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| COIN | QUAL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.42% | 3.12% | +18.30% |
Volatility (6M)Calculated over the trailing 6-month period | 51.58% | 9.28% | +42.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 70.60% | 12.01% | +58.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 85.93% | 17.35% | +68.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 85.40% | 18.11% | +67.29% |
Dividends
COIN vs. QUAL - Dividend Comparison
COIN has not paid dividends to shareholders, while QUAL's dividend yield for the trailing twelve months is around 0.88%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COIN Coinbase Global, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QUAL iShares MSCI USA Quality Factor ETF | 0.88% | 0.94% | 1.02% | 1.23% | 1.59% | 1.20% | 1.39% | 1.60% | 2.00% | 1.76% | 1.96% | 1.63% |
Frequently Asked Questions
COIN and QUAL have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
COIN has higher volatility (21.42%) compared to QUAL (3.12%). In terms of maximum drawdown, COIN dropped -90.90% vs QUAL's -34.06%.
QUAL currently has the higher Sharpe Ratio (1.65 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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