ETH-USD vs. ^NDX
ETH-USD (Ethereum) is a cryptocurrency, while ^NDX (NASDAQ 100 Index) is an index. Over the past 10 years, ETH-USD returned 57.05%/yr vs 20.95%/yr for ^NDX. At a 0.18 correlation, their price movements are largely independent.
Performance
ETH-USD vs. ^NDX - Performance Comparison
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Returns By Period
In the year-to-date period, ETH-USD achieves a -43.34% return, which is significantly lower than ^NDX's 17.37% return. Over the past 10 years, ETH-USD has outperformed ^NDX with an annualized return of 57.05%, while ^NDX has yielded a comparatively lower 20.95% annualized return.
ETH-USD
- 1D
- 0.93%
- 1M
- -26.37%
- YTD
- -43.34%
- 6M
- -46.03%
- 1Y
- -34.85%
- 3Y*
- 0.61%
- 5Y*
- -8.23%
- 10Y*
- 57.05%
^NDX
- 1D
- 0.64%
- 1M
- 0.19%
- YTD
- 17.37%
- 6M
- 17.62%
- 1Y
- 37.01%
- 3Y*
- 25.76%
- 5Y*
- 16.18%
- 10Y*
- 20.95%
ETH-USD vs. ^NDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ETH-USD Ethereum | -43.34% | -10.91% | 46.00% | 90.84% | -67.48% | 398.30% | 473.88% | -1.52% | -82.39% | 8,984.19% |
^NDX NASDAQ 100 Index | 17.37% | 20.17% | 24.88% | 53.81% | -32.97% | 26.63% | 47.58% | 37.96% | -1.04% | 31.52% |
Correlation
The correlation between ETH-USD and ^NDX is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
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 | 0.18 |
Over the past year, ETH-USD and ^NDX have become more correlated (0.40) than their long-term average of 0.18, meaning their price movements have been converging.
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Return for Risk
ETH-USD vs. ^NDX — Risk / Return Rank
ETH-USD
^NDX
ETH-USD vs. ^NDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ethereum (ETH-USD) and NASDAQ 100 Index (^NDX). 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.
| ETH-USD | ^NDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.56 | ||
| Sortino ratioReturn per unit of downside risk | -3.11 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.36 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | -0.52 | 2.92 | -3.44 |
| Martin ratioReturn relative to average drawdown | -0.89 | 10.85 | -11.74 |
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Drawdowns
ETH-USD vs. ^NDX - Drawdown Comparison
The maximum ETH-USD drawdown since its inception was -94.01%, which is greater than ^NDX's maximum drawdown of -82.90%. Use the drawdown chart below to compare losses from any high point for ETH-USD and ^NDX.
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Drawdown Indicators
| ETH-USD | ^NDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.01% | -82.90% | -11.11% |
Max Drawdown (1Y)Largest decline over 1 year | -67.53% | -12.12% | -55.41% |
Max Drawdown (3Y)Largest decline over 3 years | -67.53% | -22.93% | -44.60% |
Max Drawdown (5Y)Largest decline over 5 years | -79.35% | -35.56% | -43.79% |
Max Drawdown (10Y)Largest decline over 10 years | -94.01% | -35.56% | -58.45% |
Current DrawdownCurrent decline from peak | -65.20% | -3.34% | -61.86% |
Average DrawdownAverage peak-to-trough decline | -50.89% | -24.61% | -26.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 45.49% | 3.26% | +42.23% |
Volatility
ETH-USD vs. ^NDX - Volatility Comparison
Ethereum (ETH-USD) has a higher volatility of 17.20% compared to NASDAQ 100 Index (^NDX) at 7.51%. This indicates that ETH-USD's price experiences larger fluctuations and is considered to be riskier than ^NDX 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 | ^NDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.20% | 7.51% | +9.69% |
Volatility (6M)Calculated over the trailing 6-month period | 46.29% | 13.84% | +32.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.08% | 17.29% | +38.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.55% | 22.76% | +36.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 77.88% | 22.61% | +55.27% |
Frequently Asked Questions
ETH-USD and ^NDX have a correlation of 0.40, 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 (17.20%) compared to ^NDX (7.51%). In terms of maximum drawdown, ETH-USD dropped -94.01% vs ^NDX's -82.90%.
^NDX currently has the higher Sharpe Ratio (2.05 vs -0.52), 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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