ETH-USD vs. SOL-USD
ETH-USD (Ethereum) and SOL-USD (Solana) are both cryptocurrencies. Over the past 5 years, ETH-USD returned -4.16%/yr vs 18.41%/yr for SOL-USD. A 0.66 correlation means they provide meaningful diversification when combined.
Performance
ETH-USD vs. SOL-USD - Performance Comparison
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Returns By Period
In the year-to-date period, ETH-USD achieves a -41.48% return, which is significantly lower than SOL-USD's -37.64% return.
ETH-USD
- 1D
- -1.91%
- 1M
- 2.74%
- 6M
- -45.15%
- YTD
- -41.48%
- 1Y
- -33.64%
- 3Y*
- -2.32%
- 5Y*
- -4.16%
- 10Y*
- 65.86%
SOL-USD
- 1D
- -3.61%
- 1M
- 16.17%
- 6M
- -43.04%
- YTD
- -37.64%
- 1Y
- -48.85%
- 3Y*
- 53.81%
- 5Y*
- 18.41%
- 10Y*
- —
ETH-USD vs. SOL-USD - Yearly Performance Comparison
Correlation
The correlation between ETH-USD and SOL-USD is 0.86, 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 | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2020 | 0.66 |
Over the past year, ETH-USD and SOL-USD have become more correlated (0.86) than their long-term average of 0.66, meaning their price movements have been converging.
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Return for Risk
ETH-USD vs. SOL-USD — Risk / Return Rank
ETH-USD
SOL-USD
ETH-USD vs. SOL-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ethereum (ETH-USD) and Solana (SOL-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 | SOL-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.40 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 0.92 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.50 | -0.65 | +0.15 |
| Martin ratioReturn relative to average drawdown | -0.79 | -0.98 | +0.19 |
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Drawdowns
ETH-USD vs. SOL-USD - Drawdown Comparison
The maximum ETH-USD drawdown since its inception was -94.01%, roughly equal to the maximum SOL-USD drawdown of -96.27%. Use the drawdown chart below to compare losses from any high point for ETH-USD and SOL-USD.
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Drawdown Indicators
| ETH-USD | SOL-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.01% | -96.27% | +2.26% |
Max Drawdown (1Y)Largest decline over 1 year | -67.60% | -74.89% | +7.29% |
Max Drawdown (3Y)Largest decline over 3 years | -67.60% | -76.28% | +8.68% |
Max Drawdown (5Y)Largest decline over 5 years | -79.35% | -96.27% | +16.92% |
Max Drawdown (10Y)Largest decline over 10 years | -94.01% | — | — |
Current DrawdownCurrent decline from peak | -64.06% | -70.38% | +6.32% |
Average DrawdownAverage peak-to-trough decline | -50.98% | -51.64% | +0.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 40.39% | 47.59% | -7.20% |
Volatility
ETH-USD vs. SOL-USD - Volatility Comparison
The current volatility for Ethereum (ETH-USD) is 13.09%, while Solana (SOL-USD) has a volatility of 16.67%. This indicates that ETH-USD experiences smaller price fluctuations and is considered to be less risky than SOL-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 | SOL-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.09% | 16.67% | -3.58% |
Volatility (6M)Calculated over the trailing 6-month period | 46.62% | 47.85% | -1.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.64% | 59.64% | -4.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.74% | 81.42% | -22.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 76.84% | 99.40% | -22.56% |
Frequently Asked Questions
ETH-USD and SOL-USD have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOL-USD has higher volatility (16.67%) compared to ETH-USD (13.09%). In terms of maximum drawdown, ETH-USD dropped -94.01% vs SOL-USD's -96.27%.
ETH-USD currently has the higher Sharpe Ratio (-0.50 vs -0.68), 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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