Correlation
The correlation between ENJ-USD and TRX-USD is 0.16, 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. TRX-USD
Compare and contrast key facts about EnjinCoin (ENJ-USD) and Tronix (TRX-USD).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ENJ-USD or TRX-USD.
Performance
ENJ-USD vs. TRX-USD - Performance Comparison
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Key characteristics
ENJ-USD:
-0.71
TRX-USD:
1.28
ENJ-USD:
-0.50
TRX-USD:
3.02
ENJ-USD:
0.95
TRX-USD:
1.39
ENJ-USD:
0.00
TRX-USD:
1.33
ENJ-USD:
-1.17
TRX-USD:
3.59
ENJ-USD:
56.61%
TRX-USD:
35.12%
ENJ-USD:
89.85%
TRX-USD:
89.48%
ENJ-USD:
-98.72%
TRX-USD:
-96.01%
ENJ-USD:
-98.43%
TRX-USD:
-37.28%
Returns By Period
In the year-to-date period, ENJ-USD achieves a -64.79% return, which is significantly lower than TRX-USD's 5.10% return.
ENJ-USD
-64.79%
-13.23%
-77.71%
-76.85%
-51.29%
-18.74%
N/A
TRX-USD
5.10%
9.15%
30.23%
138.40%
46.95%
75.84%
N/A
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Risk-Adjusted Performance
ENJ-USD vs. TRX-USD — Risk-Adjusted Performance Rank
ENJ-USD
TRX-USD
ENJ-USD vs. TRX-USD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for EnjinCoin (ENJ-USD) and Tronix (TRX-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. TRX-USD - Drawdown Comparison
The maximum ENJ-USD drawdown since its inception was -98.72%, roughly equal to the maximum TRX-USD drawdown of -96.01%. Use the drawdown chart below to compare losses from any high point for ENJ-USD and TRX-USD.
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Volatility
ENJ-USD vs. TRX-USD - Volatility Comparison
EnjinCoin (ENJ-USD) has a higher volatility of 33.36% compared to Tronix (TRX-USD) at 7.86%. This indicates that ENJ-USD's price experiences larger fluctuations and is considered to be riskier than TRX-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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