Correlation
The correlation between ENJ-USD and ADA-USD is 0.26, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
ENJ-USD vs. ADA-USD
Compare and contrast key facts about EnjinCoin (ENJ-USD) and Cardano (ADA-USD).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ENJ-USD or ADA-USD.
Performance
ENJ-USD vs. ADA-USD - Performance Comparison
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Key characteristics
ENJ-USD:
-0.74
ADA-USD:
0.52
ENJ-USD:
-0.51
ADA-USD:
2.71
ENJ-USD:
0.95
ADA-USD:
1.28
ENJ-USD:
0.00
ADA-USD:
1.22
ENJ-USD:
-1.18
ADA-USD:
6.04
ENJ-USD:
56.38%
ADA-USD:
30.57%
ENJ-USD:
89.81%
ADA-USD:
95.76%
ENJ-USD:
-98.72%
ADA-USD:
-97.85%
ENJ-USD:
-98.48%
ADA-USD:
-75.66%
Returns By Period
In the year-to-date period, ENJ-USD achieves a -65.87% return, which is significantly lower than ADA-USD's -14.39% return.
ENJ-USD
-65.87%
-16.02%
-76.52%
-79.88%
-53.26%
-19.11%
N/A
ADA-USD
-14.39%
5.93%
-32.92%
61.75%
8.21%
56.49%
N/A
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Risk-Adjusted Performance
ENJ-USD vs. ADA-USD — Risk-Adjusted Performance Rank
ENJ-USD
ADA-USD
ENJ-USD vs. ADA-USD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for EnjinCoin (ENJ-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.
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Drawdowns
ENJ-USD vs. ADA-USD - Drawdown Comparison
The maximum ENJ-USD drawdown since its inception was -98.72%, roughly equal to the maximum ADA-USD drawdown of -97.85%. Use the drawdown chart below to compare losses from any high point for ENJ-USD and ADA-USD.
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Volatility
ENJ-USD vs. ADA-USD - Volatility Comparison
EnjinCoin (ENJ-USD) has a higher volatility of 33.16% compared to Cardano (ADA-USD) at 22.15%. This indicates that ENJ-USD's price experiences larger fluctuations and is considered to be riskier than ADA-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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