ETH-USD vs. ^N225
ETH-USD (Ethereum) is a cryptocurrency, while ^N225 (Nikkei 225) is an index. Over the past 10 years, ETH-USD returned 61.34%/yr vs 10.34%/yr for ^N225. At a 0.02 correlation, their price movements are largely independent.
Performance
ETH-USD vs. ^N225 - Performance Comparison
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Different Trading Currencies
ETH-USD is traded in USD, while ^N225 is traded in JPY. To make them comparable, the ^N225 values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ETH-USD achieves a -43.98% return, which is significantly lower than ^N225's 29.07% return. Over the past 10 years, ETH-USD has outperformed ^N225 with an annualized return of 61.34%, while ^N225 has yielded a comparatively lower 10.34% 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%
^N225
- 1D
- 0.00%
- 1M
- 3.75%
- YTD
- 29.07%
- 6M
- 28.03%
- 1Y
- 59.40%
- 3Y*
- 21.51%
- 5Y*
- 9.41%
- 10Y*
- 10.34%
ETH-USD vs. ^N225 - 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% |
^N225 Nikkei 225 | 29.07% | 26.56% | 7.17% | 19.21% | -20.48% | -5.90% | 22.42% | 19.73% | -10.20% | 23.76% |
Correlation
The correlation between ETH-USD and ^N225 is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Aug 7, 2015 | 0.02 |
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Return for Risk
ETH-USD vs. ^N225 — Risk / Return Rank
ETH-USD
^N225
ETH-USD vs. ^N225 - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ethereum (ETH-USD) and Nikkei 225 (^N225). 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 | ^N225 | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.89 | ||
| Sortino ratioReturn per unit of downside risk | -3.76 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.40 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | -0.50 | 4.11 | -4.61 |
| Martin ratioReturn relative to average drawdown | -0.88 | 13.32 | -14.20 |
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 | ^N225 | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.50 | 2.40 | -2.89 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.12 | 0.41 | -0.53 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.65 | 0.50 | +0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.75 | 0.25 | +0.50 |
Drawdowns
ETH-USD vs. ^N225 - Drawdown Comparison
The maximum ETH-USD drawdown since its inception was -94.01%, which is greater than ^N225's maximum drawdown of -52.37%. Use the drawdown chart below to compare losses from any high point for ETH-USD and ^N225.
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Drawdown Indicators
| ETH-USD | ^N225 | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.01% | -52.37% | -41.64% |
Max Drawdown (1Y)Largest decline over 1 year | -67.53% | -14.75% | -52.78% |
Max Drawdown (3Y)Largest decline over 3 years | -67.53% | -24.78% | -42.75% |
Max Drawdown (5Y)Largest decline over 5 years | -79.35% | -36.26% | -43.09% |
Max Drawdown (10Y)Largest decline over 10 years | -94.01% | -37.97% | -56.04% |
Current DrawdownCurrent decline from peak | -65.60% | -2.84% | -62.76% |
Average DrawdownAverage peak-to-trough decline | -50.89% | -13.62% | -37.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 44.58% | 4.47% | +40.11% |
Volatility
ETH-USD vs. ^N225 - Volatility Comparison
Ethereum (ETH-USD) has a higher volatility of 16.88% compared to Nikkei 225 (^N225) at 7.37%. This indicates that ETH-USD's price experiences larger fluctuations and is considered to be riskier than ^N225 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 | ^N225 | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.88% | 7.37% | +9.51% |
Volatility (6M)Calculated over the trailing 6-month period | 46.80% | 20.33% | +26.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.55% | 25.34% | +31.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.65% | 23.72% | +35.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 78.04% | 21.53% | +56.51% |
Frequently Asked Questions
ETH-USD and ^N225 have a correlation of 0.03, 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 ^N225 (7.37%). In terms of maximum drawdown, ETH-USD dropped -94.01% vs ^N225's -52.37%.
^N225 currently has the higher Sharpe Ratio (2.40 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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