EH vs. COIN

Last updated Jun 24, 2026

EH (Ehang Holdings Ltd) and COIN (Coinbase Global, Inc.) are both stocks. EH operates in Aerospace & Defense (Industrials), while COIN operates in Financial Data & Stock Exchanges (Financial Services). Over the past 5 years, EH returned -30.17%/yr vs -7.21%/yr for COIN. At a 0.39 correlation, their price movements are largely independent.

Performance

EH vs. COIN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ehang Holdings Ltd (EH) 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, EH achieves a -50.68% return, which is significantly lower than COIN's -30.05% return.

EH

• 1D: -4.97%
• 1M: -33.54%
• YTD: -50.68%
• 6M: -51.64%
• 1Y: -58.20%
• 3Y*: -20.18%
• 5Y*: -30.17%
• 10Y*: —

COIN

• 1D: -4.04%
• 1M: -14.49%
• YTD: -30.05%
• 6M: -34.72%
• 1Y: -48.57%
• 3Y*: 37.03%
• 5Y*: -7.21%
• 10Y*: —

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

EH vs. COIN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
EH Ehang Holdings Ltd	-50.68%	-16.29%	-6.28%	95.80%	-42.49%	-48.59%
COIN Coinbase Global, Inc.	-30.05%	-8.92%	42.77%	391.44%	-85.98%	-33.76%

Correlation

The correlation between EH and COIN is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (3Y) Calculated over the trailing 3-year period	0.34
Correlation (5Y) Calculated over the trailing 5-year period	0.40
Correlation (All Time) Calculated using the full available price history since Apr 14, 2021	0.39

The correlation between EH and COIN shifts across timeframes, from 0.34 (3 years) to 0.48 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap EH : $245.37M COIN : $41.88B
EPS EH : -CN¥8.78 COIN : $2.90
PS Ratio EH : 3.89 COIN : 7.51
PB Ratio EH : 1.69 COIN : 3.11
Total Revenue (TTM) EH : CN¥417.55M COIN : $5.81B
Gross Profit (TTM) EH : CN¥256.90M COIN : $4.65B
EBITDA (TTM) EH : -CN¥286.70M COIN : $1.68B

Return for Risk

EH vs. COIN — Risk / Return Rank

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

EH

EH Risk / Return Rank: 6
EH Sharpe Ratio Rank: 5
EH Sortino Ratio Rank: 6
EH Omega Ratio Rank: 6
EH Calmar Ratio Rank: 9
EH Martin Ratio Rank: 3

COIN

COIN Risk / Return Rank: 14
COIN Sharpe Ratio Rank: 12
COIN Sortino Ratio Rank: 13
COIN Omega Ratio Rank: 15
COIN Calmar Ratio Rank: 14
COIN Martin Ratio Rank: 17

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.

EH vs. COIN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ehang Holdings Ltd (EH) 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.

	EH	COIN	Difference
Sharpe ratio: Return per unit of total volatility	-0.99	-0.71	-0.28
Sortino ratio: Return per unit of downside risk	-1.55	-0.91	-0.64
Omega ratio: Gain probability vs. loss probability	0.81	0.90	-0.09
Calmar ratio: Return relative to maximum drawdown	-0.86	-0.73	-0.13
Martin ratio: Return relative to average drawdown	-1.70	-1.16	-0.54

EH vs. COIN - Sharpe Ratio Comparison

The current EH Sharpe Ratio is -0.99, which is lower than the COIN Sharpe Ratio of -0.71. The chart below compares the historical Sharpe Ratios of EH 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

EH vs. COIN - Drawdown Comparison

The maximum EH drawdown since its inception was -97.07%, which is greater than COIN's maximum drawdown of -91.46%. Use the drawdown chart below to compare losses from any high point for EH and COIN.

Drawdown Indicators

	EH	COIN	Difference
Max Drawdown Largest peak-to-trough decline	-97.07%	-91.46%	-5.61%
Max Drawdown (1Y) Largest decline over 1 year	-67.48%	-66.39%	-1.09%
Max Drawdown (3Y) Largest decline over 3 years	-75.43%	-66.39%	-9.04%
Max Drawdown (5Y) Largest decline over 5 years	-91.81%	-90.90%	-0.91%
Current Drawdown Current decline from peak	-94.76%	-62.32%	-32.44%
Average Drawdown Average peak-to-trough decline	-74.73%	-52.63%	-22.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	34.24%	42.06%	-7.82%

Volatility

EH vs. COIN - Volatility Comparison

Ehang Holdings Ltd (EH) has a higher volatility of 38.56% compared to Coinbase Global, Inc. (COIN) at 18.43%. This indicates that EH's price experiences larger fluctuations and is considered to be riskier than COIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EH	COIN	Difference
Volatility (1M) Calculated over the trailing 1-month period	38.56%	18.43%	+20.13%
Volatility (6M) Calculated over the trailing 6-month period	51.31%	51.90%	-0.59%
Volatility (1Y) Calculated over the trailing 1-year period	58.80%	68.40%	-9.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	84.91%	85.99%	-1.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	100.53%	85.37%	+15.16%

Dividends

EH vs. COIN - Dividend Comparison

Neither EH nor COIN has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both EH and COIN in my portfolio?

EH and COIN have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EH or COIN?

EH has higher volatility (38.56%) compared to COIN (18.43%). In terms of maximum drawdown, EH dropped -97.07% vs COIN's -91.46%.

Which has better risk-adjusted returns?

COIN currently has the higher Sharpe Ratio (-0.71 vs -0.99), 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.