ENJ-USD vs. ETH-USD
ENJ-USD (EnjinCoin) and ETH-USD (Ethereum) are both cryptocurrencies. Over the past 5 years, ENJ-USD returned -54.04%/yr vs -2.20%/yr for ETH-USD. A 0.61 correlation means they provide meaningful diversification when combined.
Performance
ENJ-USD vs. ETH-USD - Performance Comparison
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Returns By Period
In the year-to-date period, ENJ-USD achieves a -1.97% return, which is significantly higher than ETH-USD's -39.86% return.
ENJ-USD
- 1D
- -3.50%
- 1M
- -13.07%
- 6M
- -6.35%
- YTD
- -1.97%
- 1Y
- -65.15%
- 3Y*
- -55.58%
- 5Y*
- -54.04%
- 10Y*
- —
ETH-USD
- 1D
- -1.18%
- 1M
- 6.19%
- 6M
- -42.29%
- YTD
- -39.86%
- 1Y
- -39.99%
- 3Y*
- -2.73%
- 5Y*
- -2.20%
- 10Y*
- 64.92%
ENJ-USD vs. ETH-USD - Yearly Performance Comparison
Correlation
The correlation between ENJ-USD and ETH-USD is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Oct 31, 2017 | 0.61 |
The correlation between ENJ-USD and ETH-USD shifts across timeframes, from 0.56 (1 year) to 0.69 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
ENJ-USD vs. ETH-USD — Risk / Return Rank
ENJ-USD
ETH-USD
ENJ-USD vs. ETH-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for EnjinCoin (ENJ-USD) and Ethereum (ETH-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.
| ENJ-USD | ETH-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 0.94 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.81 | -0.59 | -0.21 |
| Martin ratioReturn relative to average drawdown | -1.13 | -0.92 | -0.21 |
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Drawdowns
ENJ-USD vs. ETH-USD - Drawdown Comparison
The maximum ENJ-USD drawdown since its inception was -99.61%, which is greater than ETH-USD's maximum drawdown of -94.01%. Use the drawdown chart below to compare losses from any high point for ENJ-USD and ETH-USD.
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Drawdown Indicators
| ENJ-USD | ETH-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.61% | -94.01% | -5.60% |
Max Drawdown (1Y)Largest decline over 1 year | -80.85% | -67.60% | -13.25% |
Max Drawdown (3Y)Largest decline over 3 years | -97.45% | -67.60% | -29.85% |
Max Drawdown (5Y)Largest decline over 5 years | -99.61% | -79.35% | -20.26% |
Max Drawdown (10Y)Largest decline over 10 years | — | -94.01% | — |
Current DrawdownCurrent decline from peak | -99.39% | -63.07% | -36.32% |
Average DrawdownAverage peak-to-trough decline | -78.25% | -51.00% | -27.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 48.70% | 36.45% | +12.25% |
Volatility
ENJ-USD vs. ETH-USD - Volatility Comparison
EnjinCoin (ENJ-USD) has a higher volatility of 17.09% compared to Ethereum (ETH-USD) at 12.59%. This indicates that ENJ-USD's price experiences larger fluctuations and is considered to be riskier than ETH-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ENJ-USD | ETH-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.09% | 12.59% | +4.50% |
Volatility (6M)Calculated over the trailing 6-month period | 91.35% | 46.69% | +44.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 100.71% | 55.16% | +45.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 88.33% | 58.69% | +29.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 124.21% | 76.79% | +47.42% |
Frequently Asked Questions
ENJ-USD and ETH-USD have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ENJ-USD has higher volatility (17.09%) compared to ETH-USD (12.59%). In terms of maximum drawdown, ENJ-USD dropped -99.61% vs ETH-USD's -94.01%.
ENJ-USD currently has the higher Sharpe Ratio (-0.54 vs -0.60), 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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