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 -10.53%/yr vs -9.17%/yr for COIN. Their 0.30 correlation means their historical movements had little consistent relationship.
Performance
MKR-USD vs. COIN - Performance Comparison
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Returns By Period
In the year-to-date period, MKR-USD achieves a 18.87% return, which is significantly higher than COIN's -35.32% return.
MKR-USD
- 1D
- 11.28%
- 1M
- 11.86%
- 6M
- 11.69%
- YTD
- 18.87%
- 1Y
- -13.21%
- 3Y*
- 7.47%
- 5Y*
- -10.53%
- 10Y*
- —
- ALL TIME*
- 59.67%
COIN
- 1D
- -10.59%
- 1M
- -11.61%
- 6M
- -24.89%
- YTD
- -35.32%
- 1Y
- -53.52%
- 3Y*
- 15.82%
- 5Y*
- -9.17%
- 10Y*
- —
- ALL TIME*
- -16.54%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.37B | $1.19B | $1.50B | |
MKR-USD Maker | $298.12M | $340.84M | $283.70M |
MKR-USD vs. COIN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MKR-USD Maker | 18.87% | -9.60% | -12.34% | 233.05% | -78.16% | -9.45% |
COIN Coinbase Global, Inc. | -35.32% | -8.92% | 42.77% | 391.44% | -85.98% | -33.76% |
Correlation
The correlation between MKR-USD and COIN is 0.29, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.29 |
Correlation (3Y) Balances recent behavior with more history. | 0.27 |
Correlation (5Y) Shows whether the relationship held over a longer 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 | +0.70 | ||
| Sortino ratioReturn per unit of downside risk | +1.69 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 0.84 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | -0.26 | -0.97 | +0.70 |
| Martin ratioReturn relative to average drawdown | -0.50 | -1.45 | +0.95 |
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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 | -52.63% | -63.57% | +10.94% |
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 | -73.32% | -65.16% | -8.16% |
Average DrawdownAverage peak-to-trough decline | -66.35% | -52.82% | -13.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.75% | 42.68% | -27.93% |
Volatility
MKR-USD vs. COIN - Volatility Comparison
Maker (MKR-USD) has a higher volatility of 24.20% compared to Coinbase Global, Inc. (COIN) at 20.29%. 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 | 24.20% | 20.29% | +3.91% |
Volatility (6M)Calculated over the trailing 6-month period | 52.16% | 54.91% | -2.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 63.36% | 69.65% | -6.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 72.97% | 86.15% | -13.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 319.70% | 85.12% | +234.58% |
Frequently Asked Questions
MKR-USD and COIN have a correlation of 0.29, 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 (24.20%) compared to COIN (20.29%). In terms of maximum drawdown, MKR-USD dropped -91.59% vs COIN's -91.46%.
MKR-USD currently has the higher Sharpe Ratio (-0.18 vs -0.88), 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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