ETH-USD vs. ADA-USD
ETH-USD (Ethereum) and ADA-USD (Cardano) are both cryptocurrencies. Over the past 5 years, ETH-USD returned -0.85%/yr vs -31.96%/yr for ADA-USD. A 0.76 correlation means they provide meaningful diversification when combined.
Performance
ETH-USD vs. ADA-USD - Performance Comparison
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Returns By Period
In the year-to-date period, ETH-USD achieves a -35.51% return, which is significantly higher than ADA-USD's -48.72% return.
ETH-USD
- 1D
- 2.26%
- 1M
- 10.05%
- 6M
- -39.98%
- YTD
- -35.51%
- 1Y
- -49.10%
- 3Y*
- 0.37%
- 5Y*
- -0.85%
- 10Y*
- 62.58%
- ALL TIME*
- 80.34%
ADA-USD
- 1D
- 2.71%
- 1M
- 4.72%
- 6M
- -53.88%
- YTD
- -48.72%
- 1Y
- -80.11%
- 3Y*
- -18.32%
- 5Y*
- -31.96%
- 10Y*
- —
- ALL TIME*
- 24.64%
ETH-USD vs. ADA-USD - Yearly Performance Comparison
Correlation
The correlation between ETH-USD and ADA-USD is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2017 | 0.76 |
The correlation between ETH-USD and ADA-USD has been stable across timeframes, ranging from 0.76 to 0.84 - a consistent structural relationship.
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Return for Risk
ETH-USD vs. ADA-USD — Risk / Return Rank
ETH-USD
ADA-USD
ETH-USD vs. ADA-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ethereum (ETH-USD) and Cardano (ADA-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.
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 | ADA-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.29 | ||
| Sortino ratioReturn per unit of downside risk | +1.36 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 0.79 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.73 | -0.94 | +0.22 |
| Martin ratioReturn relative to average drawdown | -1.11 | -1.34 | +0.23 |
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Drawdowns
ETH-USD vs. ADA-USD - Drawdown Comparison
The maximum ETH-USD drawdown since its inception was -94.01%, roughly equal to the maximum ADA-USD drawdown of -97.85%. Use the drawdown chart below to compare losses from any high point for ETH-USD and ADA-USD.
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Drawdown Indicators
| ETH-USD | ADA-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.01% | -97.85% | +3.84% |
Max Drawdown (1Y)Largest decline over 1 year | -67.60% | -85.07% | +17.47% |
Max Drawdown (3Y)Largest decline over 3 years | -67.60% | -88.33% | +20.73% |
Max Drawdown (5Y)Largest decline over 5 years | -79.35% | -95.16% | +15.81% |
Max Drawdown (10Y)Largest decline over 10 years | -94.01% | — | — |
Current DrawdownCurrent decline from peak | -60.40% | -94.25% | +33.85% |
Average DrawdownAverage peak-to-trough decline | -51.01% | -77.75% | +26.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.69% | 51.03% | -16.34% |
Volatility
ETH-USD vs. ADA-USD - Volatility Comparison
The current volatility for Ethereum (ETH-USD) is 13.43%, while Cardano (ADA-USD) has a volatility of 20.98%. This indicates that ETH-USD experiences smaller price fluctuations and is considered to be less risky than ADA-USD 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 | ADA-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.43% | 20.98% | -7.55% |
Volatility (6M)Calculated over the trailing 6-month period | 46.67% | 52.04% | -5.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.96% | 64.17% | -9.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.71% | 74.60% | -15.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 76.77% | 102.79% | -26.02% |
Frequently Asked Questions
ETH-USD and ADA-USD have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ADA-USD has higher volatility (20.98%) compared to ETH-USD (13.43%). In terms of maximum drawdown, ETH-USD dropped -94.01% vs ADA-USD's -97.85%.
ETH-USD currently has the higher Sharpe Ratio (-0.74 vs -1.04), 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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