Correlation
The correlation between ENJ-USD and BTC-USD is 0.25, 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. BTC-USD
Compare and contrast key facts about EnjinCoin (ENJ-USD) and Bitcoin (BTC-USD).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ENJ-USD or BTC-USD.
Performance
ENJ-USD vs. BTC-USD - Performance Comparison
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Key characteristics
ENJ-USD:
-0.74
BTC-USD:
1.13
ENJ-USD:
-0.51
BTC-USD:
2.85
ENJ-USD:
0.95
BTC-USD:
1.30
ENJ-USD:
0.00
BTC-USD:
2.03
ENJ-USD:
-1.18
BTC-USD:
9.98
ENJ-USD:
56.38%
BTC-USD:
11.19%
ENJ-USD:
89.81%
BTC-USD:
41.36%
ENJ-USD:
-98.72%
BTC-USD:
-93.18%
ENJ-USD:
-98.48%
BTC-USD:
-5.40%
Returns By Period
In the year-to-date period, ENJ-USD achieves a -65.87% return, which is significantly lower than BTC-USD's 13.07% return.
ENJ-USD
-65.87%
-16.02%
-76.52%
-79.88%
-53.26%
-19.11%
N/A
BTC-USD
13.07%
12.14%
8.39%
54.53%
49.33%
61.22%
85.17%
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Risk-Adjusted Performance
ENJ-USD vs. BTC-USD — Risk-Adjusted Performance Rank
ENJ-USD
BTC-USD
ENJ-USD vs. BTC-USD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for EnjinCoin (ENJ-USD) and Bitcoin (BTC-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. BTC-USD - Drawdown Comparison
The maximum ENJ-USD drawdown since its inception was -98.72%, which is greater than BTC-USD's maximum drawdown of -93.18%. Use the drawdown chart below to compare losses from any high point for ENJ-USD and BTC-USD.
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Volatility
ENJ-USD vs. BTC-USD - Volatility Comparison
EnjinCoin (ENJ-USD) has a higher volatility of 33.16% compared to Bitcoin (BTC-USD) at 10.22%. This indicates that ENJ-USD's price experiences larger fluctuations and is considered to be riskier than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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