CPNG vs. COIN

Last updated Jun 16, 2026

CPNG (Coupang, Inc.) and COIN (Coinbase Global, Inc.) are both stocks. CPNG operates in Internet Retail (Consumer Cyclical), while COIN operates in Financial Data & Stock Exchanges (Financial Services). Over the past 5 years, CPNG returned -15.03%/yr vs -5.75%/yr for COIN. At a 0.35 correlation, their price movements are largely independent.

Performance

CPNG vs. COIN - Performance Comparison

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

Returns By Period

In the year-to-date period, CPNG achieves a -27.38% return, which is significantly lower than COIN's -24.99% return.

CPNG

• 1D: 1.84%
• 1M: 6.27%
• YTD: -27.38%
• 6M: -29.59%
• 1Y: -39.04%
• 3Y*: -0.29%
• 5Y*: -15.03%
• 10Y*: —

COIN

• 1D: 6.16%
• 1M: -13.21%
• YTD: -24.99%
• 6M: -32.27%
• 1Y: -30.11%
• 3Y*: 45.04%
• 5Y*: -5.75%
• 10Y*: —

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

CPNG vs. COIN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
CPNG Coupang, Inc.	-27.38%	7.32%	35.76%	10.06%	-49.93%	-37.62%
COIN Coinbase Global, Inc.	-24.99%	-8.92%	42.77%	391.44%	-85.98%	-33.76%

Correlation

The correlation between CPNG and COIN is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (3Y) Calculated over the trailing 3-year period	0.28
Correlation (5Y) Calculated over the trailing 5-year period	0.35
Correlation (All Time) Calculated using the full available price history since Apr 14, 2021	0.35

Fundamentals

Market Cap CPNG : $31.26B COIN : $44.91B
EPS CPNG : -$0.09 COIN : $2.90
PS Ratio CPNG : 1.11 COIN : 8.06
PB Ratio CPNG : 7.95 COIN : 3.33
Total Revenue (TTM) CPNG : $28.65B COIN : $5.81B
Gross Profit (TTM) CPNG : $3.65B COIN : $4.65B
EBITDA (TTM) CPNG : $80.00M COIN : $1.68B

Return for Risk

CPNG vs. COIN — Risk / Return Rank

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

CPNG

CPNG Risk / Return Rank: 11
CPNG Sharpe Ratio Rank: 7
CPNG Sortino Ratio Rank: 9
CPNG Omega Ratio Rank: 9
CPNG Calmar Ratio Rank: 16
CPNG Martin Ratio Rank: 13

COIN

COIN Risk / Return Rank: 26
COIN Sharpe Ratio Rank: 24
COIN Sortino Ratio Rank: 25
COIN Omega Ratio Rank: 27
COIN Calmar Ratio Rank: 27
COIN Martin Ratio Rank: 28

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.

CPNG vs. COIN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Coupang, Inc. (CPNG) and Coinbase Global, Inc. (COIN). 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.

	CPNG	COIN	Difference
Sharpe ratio: Return per unit of total volatility	-0.89	-0.43	-0.46
Sortino ratio: Return per unit of downside risk	-1.21	-0.23	-0.98
Omega ratio: Gain probability vs. loss probability	0.84	0.97	-0.13
Calmar ratio: Return relative to maximum drawdown	-0.71	-0.46	-0.26
Martin ratio: Return relative to average drawdown	-1.26	-0.73	-0.53

CPNG vs. COIN - Sharpe Ratio Comparison

The current CPNG Sharpe Ratio is -0.89, which is lower than the COIN Sharpe Ratio of -0.43. The chart below compares the historical Sharpe Ratios of CPNG and COIN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CPNG vs. COIN - Drawdown Comparison

The maximum CPNG drawdown since its inception was -85.28%, smaller than the maximum COIN drawdown of -91.46%. Use the drawdown chart below to compare losses from any high point for CPNG and COIN.

Drawdown Indicators

	CPNG	COIN	Difference
Max Drawdown Largest peak-to-trough decline	-85.28%	-91.46%	+6.18%
Max Drawdown (1Y) Largest decline over 1 year	-54.91%	-66.39%	+11.48%
Max Drawdown (3Y) Largest decline over 3 years	-54.91%	-66.39%	+11.48%
Max Drawdown (5Y) Largest decline over 5 years	-79.01%	-90.90%	+11.89%
Current Drawdown Current decline from peak	-73.02%	-59.59%	-13.43%
Average Drawdown Average peak-to-trough decline	-64.20%	-52.60%	-11.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	31.00%	41.18%	-10.18%

Volatility

CPNG vs. COIN - Volatility Comparison

Coupang, Inc. (CPNG) and Coinbase Global, Inc. (COIN) have volatilities of 20.76% and 19.88%, 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.

Volatility by Period

	CPNG	COIN	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.76%	19.88%	+0.88%
Volatility (6M) Calculated over the trailing 6-month period	39.62%	52.20%	-12.58%
Volatility (1Y) Calculated over the trailing 1-year period	44.27%	70.97%	-26.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	52.52%	85.94%	-33.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	53.73%	85.50%	-31.77%

Dividends

CPNG vs. COIN - Dividend Comparison

Neither CPNG nor COIN has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both CPNG and COIN in my portfolio?

CPNG and COIN have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CPNG or COIN?

CPNG has higher volatility (20.76%) compared to COIN (19.88%). In terms of maximum drawdown, CPNG dropped -85.28% vs COIN's -91.46%.

Which has better risk-adjusted returns?

COIN currently has the higher Sharpe Ratio (-0.43 vs -0.89), 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.