COIN vs. WDAY
COIN (Coinbase Global, Inc.) and WDAY (Workday, Inc.) are both stocks. COIN operates in Financial Data & Stock Exchanges (Financial Services), while WDAY operates in Software - Application (Technology). Over the past 5 years, COIN returned -9.17%/yr vs -7.31%/yr for WDAY. Their 0.35 correlation means their historical movements had little consistent relationship.
Performance
COIN vs. WDAY - Performance Comparison
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Returns By Period
In the year-to-date period, COIN achieves a -35.32% return, which is significantly lower than WDAY's -25.35% return.
COIN
- 1D
- -10.59%
- 1M
- -8.15%
- 6M
- -24.89%
- YTD
- -35.32%
- 1Y
- -61.28%
- 3Y*
- 15.82%
- 5Y*
- -9.17%
- 10Y*
- —
- ALL TIME*
- -16.54%
WDAY
- 1D
- 1.41%
- 1M
- 23.08%
- 6M
- -8.71%
- YTD
- -25.35%
- 1Y
- -30.10%
- 3Y*
- -12.56%
- 5Y*
- -7.31%
- 10Y*
- 7.15%
- ALL TIME*
- 9.13%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.37B | $1.19B | $1.50B | |
WDAY Workday, Inc. | $770.79M | $685.96M | $691.12M |
COIN vs. WDAY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
COIN Coinbase Global, Inc. | -35.32% | -8.92% | 42.77% | 391.44% | -85.98% | -33.76% |
WDAY Workday, Inc. | -25.35% | -16.76% | -6.53% | 64.98% | -38.75% | 2.73% |
Correlation
The correlation between COIN and WDAY is 0.17, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.17 |
Correlation (3Y) Balances recent behavior with more history. | 0.22 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.35 |
Correlation (All Time) Calculated using the full available price history since Apr 14, 2021 | 0.35 |
The correlation between COIN and WDAY shifts across timeframes, from 0.17 (1 year) to 0.35 (all time), reflecting how their relationship changes across market environments.
Fundamentals
COIN:
$38.53B
WDAY:
$42.00B
COIN:
-$3.63
WDAY:
$3.23
COIN:
7.19
WDAY:
4.27
COIN:
2.95
WDAY:
6.10
COIN:
$5.53B
WDAY:
$9.85B
COIN:
$4.37B
WDAY:
$7.66B
COIN:
-$580.75M
WDAY:
$1.57B
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Return for Risk
COIN vs. WDAY — Risk / Return Rank
COIN
WDAY
COIN vs. WDAY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Coinbase Global, Inc. (COIN) and Workday, Inc. (WDAY). 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 | WDAY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.73 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 0.92 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.97 | -0.55 | -0.41 |
| Martin ratioReturn relative to average drawdown | -1.45 | -0.90 | -0.55 |
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Drawdowns
COIN vs. WDAY - Drawdown Comparison
The maximum COIN drawdown since its inception was -91.46%, which is greater than WDAY's maximum drawdown of -63.38%. Use the drawdown chart below to compare losses from any high point for COIN and WDAY.
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Drawdown Indicators
| COIN | WDAY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.46% | -63.38% | -28.08% |
Max Drawdown (1Y)Largest decline over 1 year | -63.57% | -54.58% | -8.99% |
Max Drawdown (3Y)Largest decline over 3 years | -66.39% | -63.38% | -3.01% |
Max Drawdown (5Y)Largest decline over 5 years | -90.90% | -63.38% | -27.52% |
Max Drawdown (10Y)Largest decline over 10 years | — | -63.38% | — |
Current DrawdownCurrent decline from peak | -65.16% | -47.81% | -17.35% |
Average DrawdownAverage peak-to-trough decline | -52.82% | -21.29% | -31.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 42.68% | 33.34% | +9.34% |
Volatility
COIN vs. WDAY - Volatility Comparison
Coinbase Global, Inc. (COIN) and Workday, Inc. (WDAY) have volatilities of 20.29% and 19.91%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| COIN | WDAY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.29% | 19.91% | +0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 54.91% | 43.24% | +11.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 69.65% | 49.57% | +20.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 86.15% | 40.40% | +45.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 85.12% | 39.45% | +45.67% |
Dividends
COIN vs. WDAY - Dividend Comparison
Neither COIN nor WDAY has paid dividends to shareholders.
Financials
COIN vs. WDAY - Financials Comparison
This section allows you to compare key financial metrics between Coinbase Global, Inc. and Workday, 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
COIN vs. WDAY - Profitability Comparison
COIN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Coinbase Global, Inc. reported a gross profit of 1.03B and revenue of 1.22B. Therefore, the gross margin over that period was 84.4%.
WDAY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Workday, Inc. reported a gross profit of 2.13B and revenue of 2.54B. Therefore, the gross margin over that period was 83.8%.
COIN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Coinbase Global, Inc. reported an operating income of 31.72M and revenue of 1.22B, resulting in an operating margin of 2.6%.
WDAY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Workday, Inc. reported an operating income of 338.00M and revenue of 2.54B, resulting in an operating margin of 13.3%.
COIN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Coinbase Global, Inc. reported a net income of -359.47M and revenue of 1.22B, resulting in a net margin of -29.5%.
WDAY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Workday, Inc. reported a net income of 222.00M and revenue of 2.54B, resulting in a net margin of 8.7%.
Frequently Asked Questions
COIN and WDAY have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
COIN has higher volatility (20.29%) compared to WDAY (19.91%). In terms of maximum drawdown, COIN dropped -91.46% vs WDAY's -63.38%.
WDAY currently has the higher Sharpe Ratio (-0.61 vs -0.88), 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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