DOT-USD vs. ADA-USD
DOT-USD (Polkadot) and ADA-USD (Cardano) are both cryptocurrencies. Over the past 3 years, DOT-USD returned -42.43%/yr vs -22.94%/yr for ADA-USD. At a 0.24 correlation, their price movements are largely independent.
Performance
DOT-USD vs. ADA-USD - Performance Comparison
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Returns By Period
In the year-to-date period, DOT-USD achieves a -46.41% return, which is significantly higher than ADA-USD's -51.46% return.
DOT-USD
- 1D
- -7.65%
- 1M
- -27.34%
- YTD
- -46.41%
- 6M
- -54.95%
- 1Y
- -74.90%
- 3Y*
- -42.43%
- 5Y*
- —
- 10Y*
- —
ADA-USD
- 1D
- -10.02%
- 1M
- -39.43%
- YTD
- -51.46%
- 6M
- -61.14%
- 1Y
- -74.19%
- 3Y*
- -22.94%
- 5Y*
- -37.38%
- 10Y*
- —
DOT-USD vs. ADA-USD - Yearly Performance Comparison
Correlation
The correlation between DOT-USD and ADA-USD is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Jun 16, 2021 | 0.24 |
Over the past year, DOT-USD and ADA-USD have become more correlated (0.86) than their long-term average of 0.24, meaning their price movements have been converging.
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Return for Risk
DOT-USD vs. ADA-USD — Risk / Return Rank
DOT-USD
ADA-USD
DOT-USD vs. ADA-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Polkadot (DOT-USD) and Cardano (ADA-USD). 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.
| DOT-USD | ADA-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 0.83 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.95 | -0.89 | -0.06 |
| Martin ratioReturn relative to average drawdown | -1.49 | -1.41 | -0.08 |
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
| DOT-USD | ADA-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.87 | -0.97 | +0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.41 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.54 | 0.17 | -0.71 |
Drawdowns
DOT-USD vs. ADA-USD - Drawdown Comparison
The maximum DOT-USD drawdown since its inception was -98.22%, roughly equal to the maximum ADA-USD drawdown of -97.85%. Use the drawdown chart below to compare losses from any high point for DOT-USD and ADA-USD.
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Drawdown Indicators
| DOT-USD | ADA-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.22% | -97.85% | -0.37% |
Max Drawdown (1Y)Largest decline over 1 year | -78.97% | -83.19% | +4.22% |
Max Drawdown (3Y)Largest decline over 3 years | -91.72% | -86.85% | -4.87% |
Max Drawdown (5Y)Largest decline over 5 years | — | -94.55% | — |
Current DrawdownCurrent decline from peak | -98.22% | -94.55% | -3.67% |
Average DrawdownAverage peak-to-trough decline | -80.94% | -77.53% | -3.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 58.60% | 59.40% | -0.80% |
Volatility
DOT-USD vs. ADA-USD - Volatility Comparison
The current volatility for Polkadot (DOT-USD) is 16.71%, while Cardano (ADA-USD) has a volatility of 19.22%. This indicates that DOT-USD experiences smaller price fluctuations and is considered to be less risky than ADA-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DOT-USD | ADA-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.71% | 19.22% | -2.51% |
Volatility (6M)Calculated over the trailing 6-month period | 58.60% | 52.51% | +6.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 71.61% | 63.88% | +7.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 72.88% | 74.91% | -2.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.88% | 102.99% | -30.11% |
Frequently Asked Questions
DOT-USD and ADA-USD have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ADA-USD has higher volatility (19.22%) compared to DOT-USD (16.71%). In terms of maximum drawdown, DOT-USD dropped -98.22% vs ADA-USD's -97.85%.
DOT-USD currently has the higher Sharpe Ratio (-0.87 vs -0.97), 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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