ENJ-USD vs. XRP-USD
ENJ-USD (EnjinCoin) and XRP-USD (XRP) are both cryptocurrencies. Over the past 5 years, ENJ-USD returned -54.15%/yr vs 3.29%/yr for XRP-USD. A 0.56 correlation means they provide meaningful diversification when combined.
Performance
ENJ-USD vs. XRP-USD - Performance Comparison
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Returns By Period
In the year-to-date period, ENJ-USD achieves a 8.70% return, which is significantly higher than XRP-USD's -39.58% return.
ENJ-USD
- 1D
- -5.81%
- 1M
- -40.58%
- YTD
- 8.70%
- 6M
- -4.07%
- 1Y
- -57.20%
- 3Y*
- -54.60%
- 5Y*
- -54.15%
- 10Y*
- —
XRP-USD
- 1D
- -4.83%
- 1M
- -22.02%
- YTD
- -39.58%
- 6M
- -45.39%
- 1Y
- -46.96%
- 3Y*
- 27.95%
- 5Y*
- 3.29%
- 10Y*
- —
ENJ-USD vs. XRP-USD - Yearly Performance Comparison
Correlation
The correlation between ENJ-USD and XRP-USD is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Nov 1, 2017 | 0.56 |
The correlation between ENJ-USD and XRP-USD has been stable across timeframes, ranging from 0.56 to 0.62 - a consistent structural relationship.
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Return for Risk
ENJ-USD vs. XRP-USD — Risk / Return Rank
ENJ-USD
XRP-USD
ENJ-USD vs. XRP-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for EnjinCoin (ENJ-USD) and XRP (XRP-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.
| ENJ-USD | XRP-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.67 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 0.91 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.71 | -0.68 | -0.02 |
| Martin ratioReturn relative to average drawdown | -1.07 | -1.10 | +0.03 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ENJ-USD | XRP-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.47 | -0.70 | +0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.50 | 0.04 | -0.54 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.09 | 0.54 | -0.44 |
Drawdowns
ENJ-USD vs. XRP-USD - Drawdown Comparison
The maximum ENJ-USD drawdown since its inception was -99.61%, roughly equal to the maximum XRP-USD drawdown of -95.87%. Use the drawdown chart below to compare losses from any high point for ENJ-USD and XRP-USD.
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Drawdown Indicators
| ENJ-USD | XRP-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.61% | -95.87% | -3.74% |
Max Drawdown (1Y)Largest decline over 1 year | -80.85% | -68.72% | -12.13% |
Max Drawdown (3Y)Largest decline over 3 years | -97.45% | -68.72% | -28.73% |
Max Drawdown (5Y)Largest decline over 5 years | -99.61% | -77.83% | -21.78% |
Current DrawdownCurrent decline from peak | -99.33% | -68.72% | -30.61% |
Average DrawdownAverage peak-to-trough decline | -77.95% | -71.01% | -6.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 52.53% | 43.44% | +9.09% |
Volatility
ENJ-USD vs. XRP-USD - Volatility Comparison
EnjinCoin (ENJ-USD) has a higher volatility of 19.99% compared to XRP (XRP-USD) at 12.72%. This indicates that ENJ-USD's price experiences larger fluctuations and is considered to be riskier than XRP-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 | XRP-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.99% | 12.72% | +7.27% |
Volatility (6M)Calculated over the trailing 6-month period | 91.52% | 45.52% | +46.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 101.54% | 56.10% | +45.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 89.76% | 72.44% | +17.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 123.80% | 111.84% | +11.96% |
Frequently Asked Questions
ENJ-USD and XRP-USD have a correlation of 0.60, 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 (19.99%) compared to XRP-USD (12.72%). In terms of maximum drawdown, ENJ-USD dropped -99.61% vs XRP-USD's -95.87%.
ENJ-USD currently has the higher Sharpe Ratio (-0.47 vs -0.70), 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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