MARA vs. COIN

Last updated Jun 12, 2026

MARA (MARA Holdings, Inc.) and COIN (Coinbase Global, Inc.) are both stocks. Both are in the Financial Services sector — MARA in Capital Markets, COIN in Financial Data & Stock Exchanges. Over the past 5 years, MARA returned -12.51%/yr vs -6.45%/yr for COIN. A 0.71 correlation means they provide meaningful diversification when combined.

Performance

MARA vs. COIN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MARA Holdings, Inc. (MARA) and Coinbase Global, Inc. (COIN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MARA achieves a 51.56% return, which is significantly higher than COIN's -29.06% return.

MARA

• 1D: 7.84%
• 1M: 7.00%
• YTD: 51.56%
• 6M: 14.95%
• 1Y: -16.76%
• 3Y*: 13.41%
• 5Y*: -12.51%
• 10Y*: -10.54%

COIN

• 1D: 4.20%
• 1M: -22.74%
• YTD: -29.06%
• 6M: -40.37%
• 1Y: -36.00%
• 3Y*: 46.95%
• 5Y*: -6.45%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MARA vs. COIN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
MARA MARA Holdings, Inc.	51.56%	-46.45%	-28.61%	586.84%	-89.59%	-35.57%
COIN Coinbase Global, Inc.	-29.06%	-8.92%	42.77%	391.44%	-85.98%	-33.76%

Correlation

The correlation between MARA and COIN is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.63
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (5Y) Calculated over the trailing 5-year period	0.73
Correlation (All Time) Calculated using the full available price history since Apr 14, 2021	0.71

The correlation between MARA and COIN has been stable across timeframes, ranging from 0.63 to 0.73 - a consistent structural relationship.

Fundamentals

Market Cap MARA : $5.17B COIN : $42.48B
EPS MARA : -$4.95 COIN : $2.90
PS Ratio MARA : 6.45 COIN : 7.62
Total Revenue (TTM) MARA : $867.82M COIN : $5.81B
Gross Profit (TTM) MARA : $164.95M COIN : $4.65B
EBITDA (TTM) MARA : $373.68M COIN : $1.68B

Return for Risk

MARA vs. COIN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MARA

MARA Risk / Return Rank: 37
MARA Sharpe Ratio Rank: 35
MARA Sortino Ratio Rank: 38
MARA Omega Ratio Rank: 38
MARA Calmar Ratio Rank: 36
MARA Martin Ratio Rank: 37

COIN

COIN Risk / Return Rank: 24
COIN Sharpe Ratio Rank: 21
COIN Sortino Ratio Rank: 23
COIN Omega Ratio Rank: 24
COIN Calmar Ratio Rank: 24
COIN Martin Ratio Rank: 26

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MARA vs. COIN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MARA Holdings, Inc. (MARA) and Coinbase Global, Inc. (COIN). 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.

	MARA	COIN	Difference
Sharpe ratio: Return per unit of total volatility	-0.21	-0.51	+0.30
Sortino ratio: Return per unit of downside risk	0.24	-0.42	+0.66
Omega ratio: Gain probability vs. loss probability	1.03	0.95	+0.08
Calmar ratio: Return relative to maximum drawdown	-0.24	-0.54	+0.31
Martin ratio: Return relative to average drawdown	-0.40	-0.88	+0.49

MARA vs. COIN - Sharpe Ratio Comparison

The current MARA Sharpe Ratio is -0.21, which is higher than the COIN Sharpe Ratio of -0.51. The chart below compares the historical Sharpe Ratios of MARA and COIN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MARA vs. COIN - Drawdown Comparison

The maximum MARA drawdown since its inception was -99.74%, which is greater than COIN's maximum drawdown of -91.46%. Use the drawdown chart below to compare losses from any high point for MARA and COIN.

Drawdown Indicators

	MARA	COIN	Difference
Max Drawdown Largest peak-to-trough decline	-99.74%	-91.46%	-8.28%
Max Drawdown (1Y) Largest decline over 1 year	-70.53%	-66.39%	-4.14%
Max Drawdown (3Y) Largest decline over 3 years	-78.34%	-66.39%	-11.95%
Max Drawdown (5Y) Largest decline over 5 years	-95.87%	-90.90%	-4.97%
Max Drawdown (10Y) Largest decline over 10 years	-99.20%	—	—
Current Drawdown Current decline from peak	-91.20%	-61.78%	-29.42%
Average Drawdown Average peak-to-trough decline	-78.00%	-52.59%	-25.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	42.52%	40.82%	+1.70%

Volatility

MARA vs. COIN - Volatility Comparison

MARA Holdings, Inc. (MARA) has a higher volatility of 23.52% compared to Coinbase Global, Inc. (COIN) at 19.58%. This indicates that MARA's price experiences larger fluctuations and is considered to be riskier than COIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MARA	COIN	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.52%	19.58%	+3.94%
Volatility (6M) Calculated over the trailing 6-month period	60.48%	51.84%	+8.64%
Volatility (1Y) Calculated over the trailing 1-year period	79.23%	70.68%	+8.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	106.02%	85.96%	+20.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	144.15%	85.53%	+58.62%

Dividends

MARA vs. COIN - Dividend Comparison

Neither MARA nor COIN has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both MARA and COIN in my portfolio?

MARA and COIN have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MARA or COIN?

MARA has higher volatility (23.52%) compared to COIN (19.58%). In terms of maximum drawdown, MARA dropped -99.74% vs COIN's -91.46%.

Which has better risk-adjusted returns?

MARA currently has the higher Sharpe Ratio (-0.21 vs -0.51), 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.