ETH-USD vs. ^GSPC
ETH-USD (Ethereum) is a cryptocurrency, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, ETH-USD returned 61.34%/yr vs 13.45%/yr for ^GSPC. At a 0.17 correlation, their price movements are largely independent.
Performance
ETH-USD vs. ^GSPC - Performance Comparison
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Returns By Period
In the year-to-date period, ETH-USD achieves a -43.98% return, which is significantly lower than ^GSPC's 8.18% return. Over the past 10 years, ETH-USD has outperformed ^GSPC with an annualized return of 61.34%, while ^GSPC has yielded a comparatively lower 13.45% annualized return.
ETH-USD
- 1D
- -1.64%
- 1M
- -28.55%
- YTD
- -43.98%
- 6M
- -46.81%
- 1Y
- -33.81%
- 3Y*
- -3.34%
- 5Y*
- -8.64%
- 10Y*
- 61.34%
^GSPC
- 1D
- 0.30%
- 1M
- 0.09%
- YTD
- 8.18%
- 6M
- 8.17%
- 1Y
- 23.42%
- 3Y*
- 19.88%
- 5Y*
- 11.91%
- 10Y*
- 13.45%
ETH-USD vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ETH-USD Ethereum | -43.98% | -10.91% | 46.00% | 90.84% | -67.48% | 398.30% | 473.88% | -1.52% | -82.39% | 8,984.19% |
^GSPC S&P 500 Index | 8.18% | 16.39% | 23.31% | 24.23% | -19.44% | 26.89% | 16.26% | 28.88% | -6.24% | 19.42% |
Correlation
The correlation between ETH-USD and ^GSPC is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Aug 7, 2015 | 0.17 |
Over the past year, ETH-USD and ^GSPC have become more correlated (0.38) than their long-term average of 0.17, meaning their price movements have been converging.
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Return for Risk
ETH-USD vs. ^GSPC — Risk / Return Rank
ETH-USD
^GSPC
ETH-USD vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ethereum (ETH-USD) and S&P 500 Index (^GSPC). 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.
| ETH-USD | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.43 | ||
| Sortino ratioReturn per unit of downside risk | -3.01 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.35 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.50 | 2.59 | -3.09 |
| Martin ratioReturn relative to average drawdown | -0.88 | 11.84 | -12.72 |
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
| ETH-USD | ^GSPC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.50 | 1.94 | -2.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.12 | 0.71 | -0.83 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.65 | 0.75 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.75 | 0.47 | +0.28 |
Drawdowns
ETH-USD vs. ^GSPC - Drawdown Comparison
The maximum ETH-USD drawdown since its inception was -94.01%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for ETH-USD and ^GSPC.
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Drawdown Indicators
| ETH-USD | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.01% | -56.78% | -37.23% |
Max Drawdown (1Y)Largest decline over 1 year | -67.53% | -9.10% | -58.43% |
Max Drawdown (3Y)Largest decline over 3 years | -67.53% | -18.90% | -48.63% |
Max Drawdown (5Y)Largest decline over 5 years | -79.35% | -25.43% | -53.92% |
Max Drawdown (10Y)Largest decline over 10 years | -94.01% | -33.92% | -60.09% |
Current DrawdownCurrent decline from peak | -65.60% | -2.68% | -62.92% |
Average DrawdownAverage peak-to-trough decline | -50.89% | -10.72% | -40.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 44.58% | 1.98% | +42.60% |
Volatility
ETH-USD vs. ^GSPC - Volatility Comparison
Ethereum (ETH-USD) has a higher volatility of 16.88% compared to S&P 500 Index (^GSPC) at 3.80%. This indicates that ETH-USD's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETH-USD | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.88% | 3.80% | +13.08% |
Volatility (6M)Calculated over the trailing 6-month period | 46.80% | 9.41% | +37.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.55% | 12.17% | +44.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.65% | 16.94% | +42.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 78.04% | 18.09% | +59.95% |
Frequently Asked Questions
ETH-USD and ^GSPC have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ETH-USD has higher volatility (16.88%) compared to ^GSPC (3.80%). In terms of maximum drawdown, ETH-USD dropped -94.01% vs ^GSPC's -56.78%.
^GSPC currently has the higher Sharpe Ratio (1.94 vs -0.50), 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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