EGLD-USD vs. ALGO-USD
EGLD-USD (Elrond) and ALGO-USD (Algorand) are both cryptocurrencies. Over the past 5 years, EGLD-USD returned -46.81%/yr vs -35.89%/yr for ALGO-USD. A 0.69 correlation means they provide meaningful diversification when combined.
Performance
EGLD-USD vs. ALGO-USD - Performance Comparison
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Returns By Period
In the year-to-date period, EGLD-USD achieves a -49.37% return, which is significantly lower than ALGO-USD's -18.22% return.
EGLD-USD
- 1D
- -0.71%
- 1M
- -30.86%
- YTD
- -49.37%
- 6M
- -55.77%
- 1Y
- -76.78%
- 3Y*
- -56.21%
- 5Y*
- -46.81%
- 10Y*
- —
ALGO-USD
- 1D
- 1.02%
- 1M
- -21.28%
- YTD
- -18.22%
- 6M
- -19.31%
- 1Y
- -43.69%
- 3Y*
- -12.64%
- 5Y*
- -35.89%
- 10Y*
- —
EGLD-USD vs. ALGO-USD - Yearly Performance Comparison
Correlation
The correlation between EGLD-USD and ALGO-USD is 0.74, 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 | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Sep 4, 2020 | 0.69 |
The correlation between EGLD-USD and ALGO-USD has been stable across timeframes, ranging from 0.69 to 0.75 - a consistent structural relationship.
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Return for Risk
EGLD-USD vs. ALGO-USD — Risk / Return Rank
EGLD-USD
ALGO-USD
EGLD-USD vs. ALGO-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Elrond (EGLD-USD) and Algorand (ALGO-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.
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.
| EGLD-USD | ALGO-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.42 | ||
| Sortino ratioReturn per unit of downside risk | -1.48 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 0.96 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.91 | -0.59 | -0.32 |
| Martin ratioReturn relative to average drawdown | -1.29 | -0.81 | -0.48 |
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Drawdowns
EGLD-USD vs. ALGO-USD - Drawdown Comparison
The maximum EGLD-USD drawdown since its inception was -99.43%, roughly equal to the maximum ALGO-USD drawdown of -97.53%. Use the drawdown chart below to compare losses from any high point for EGLD-USD and ALGO-USD.
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Drawdown Indicators
| EGLD-USD | ALGO-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.43% | -97.53% | -1.90% |
Max Drawdown (1Y)Largest decline over 1 year | -84.62% | -74.55% | -10.07% |
Max Drawdown (3Y)Largest decline over 3 years | -96.28% | -84.09% | -12.19% |
Max Drawdown (5Y)Largest decline over 5 years | -99.43% | -96.59% | -2.84% |
Current DrawdownCurrent decline from peak | -99.43% | -97.25% | -2.18% |
Average DrawdownAverage peak-to-trough decline | -77.91% | -87.05% | +9.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 51.77% | 44.03% | +7.74% |
Volatility
EGLD-USD vs. ALGO-USD - Volatility Comparison
The current volatility for Elrond (EGLD-USD) is 17.29%, while Algorand (ALGO-USD) has a volatility of 21.56%. This indicates that EGLD-USD experiences smaller price fluctuations and is considered to be less risky than ALGO-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EGLD-USD | ALGO-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.29% | 21.56% | -4.27% |
Volatility (6M)Calculated over the trailing 6-month period | 51.09% | 54.98% | -3.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 68.10% | 69.65% | -1.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 75.16% | 79.83% | -4.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 85.46% | 93.22% | -7.76% |
Frequently Asked Questions
EGLD-USD and ALGO-USD have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ALGO-USD has higher volatility (21.56%) compared to EGLD-USD (17.29%). In terms of maximum drawdown, EGLD-USD dropped -99.43% vs ALGO-USD's -97.53%.
ALGO-USD currently has the higher Sharpe Ratio (-0.52 vs -0.94), 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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