MKR-USD vs. COIN
MKR-USD (Maker) is a cryptocurrency, while COIN (Coinbase Global, Inc.) is a stock. Over the past 5 years, MKR-USD returned -8.28%/yr vs -6.12%/yr for COIN. At a 0.30 correlation, their price movements are largely independent.
Performance
MKR-USD vs. COIN - Performance Comparison
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Returns By Period
In the year-to-date period, MKR-USD achieves a 11.68% return, which is significantly higher than COIN's -27.11% return.
MKR-USD
- 1D
- -4.85%
- 1M
- -11.08%
- YTD
- 11.68%
- 6M
- -3.94%
- 1Y
- -14.20%
- 3Y*
- 27.35%
- 5Y*
- -8.28%
- 10Y*
- —
COIN
- 1D
- 0.97%
- 1M
- -10.89%
- YTD
- -27.11%
- 6M
- -33.51%
- 1Y
- -46.55%
- 3Y*
- 38.93%
- 5Y*
- -6.12%
- 10Y*
- —
MKR-USD vs. COIN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MKR-USD Maker | 11.68% | -9.60% | -12.34% | 233.05% | -78.16% | -9.45% |
COIN Coinbase Global, Inc. | -27.11% | -8.92% | 42.77% | 391.44% | -85.98% | -33.76% |
Correlation
The correlation between MKR-USD and COIN is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Apr 14, 2021 | 0.30 |
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Return for Risk
MKR-USD vs. COIN — Risk / Return Rank
MKR-USD
COIN
MKR-USD vs. COIN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Maker (MKR-USD) 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.
| MKR-USD | COIN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.49 | ||
| Sortino ratioReturn per unit of downside risk | +1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 0.91 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.26 | -0.70 | +0.44 |
| Martin ratioReturn relative to average drawdown | -0.47 | -1.11 | +0.64 |
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Drawdowns
MKR-USD vs. COIN - Drawdown Comparison
The maximum MKR-USD drawdown since its inception was -91.59%, roughly equal to the maximum COIN drawdown of -91.46%. Use the drawdown chart below to compare losses from any high point for MKR-USD and COIN.
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Drawdown Indicators
| MKR-USD | COIN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.59% | -91.46% | -0.13% |
Max Drawdown (1Y)Largest decline over 1 year | -57.25% | -66.39% | +9.14% |
Max Drawdown (3Y)Largest decline over 3 years | -77.22% | -66.39% | -10.83% |
Max Drawdown (5Y)Largest decline over 5 years | -87.00% | -90.90% | +3.90% |
Current DrawdownCurrent decline from peak | -74.94% | -60.73% | -14.21% |
Average DrawdownAverage peak-to-trough decline | -66.22% | -52.63% | -13.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.05% | 41.88% | -25.83% |
Volatility
MKR-USD vs. COIN - Volatility Comparison
Maker (MKR-USD) has a higher volatility of 25.24% compared to Coinbase Global, Inc. (COIN) at 18.23%. This indicates that MKR-USD'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.
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Volatility by Period
| MKR-USD | COIN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.24% | 18.23% | +7.01% |
Volatility (6M)Calculated over the trailing 6-month period | 49.10% | 51.79% | -2.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 62.78% | 68.42% | -5.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 73.07% | 85.97% | -12.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 321.67% | 85.38% | +236.29% |
Frequently Asked Questions
MKR-USD and COIN have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MKR-USD has higher volatility (25.24%) compared to COIN (18.23%). In terms of maximum drawdown, MKR-USD dropped -91.59% vs COIN's -91.46%.
MKR-USD currently has the higher Sharpe Ratio (-0.20 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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