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 -11.16%/yr vs -7.30%/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 3.42% return, which is significantly higher than COIN's -30.41% return.
MKR-USD
- 1D
- -0.00%
- 1M
- -2.24%
- 6M
- -0.82%
- YTD
- 3.42%
- 1Y
- -25.78%
- 3Y*
- 17.10%
- 5Y*
- -11.16%
- 10Y*
- —
COIN
- 1D
- -1.07%
- 1M
- -1.51%
- 6M
- -35.23%
- YTD
- -30.41%
- 1Y
- -59.34%
- 3Y*
- 14.33%
- 5Y*
- -7.30%
- 10Y*
- —
MKR-USD vs. COIN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MKR-USD Maker | 3.42% | -9.60% | -12.34% | 233.05% | -78.16% | -9.45% |
COIN Coinbase Global, Inc. | -30.41% | -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 price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
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 | +0.52 | ||
| Sortino ratioReturn per unit of downside risk | +1.34 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 0.84 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.47 | -0.90 | +0.43 |
| Martin ratioReturn relative to average drawdown | -0.81 | -1.34 | +0.53 |
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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 | -76.79% | -62.51% | -14.28% |
Average DrawdownAverage peak-to-trough decline | -66.30% | -52.73% | -13.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.43% | 44.40% | -30.97% |
Volatility
MKR-USD vs. COIN - Volatility Comparison
Maker (MKR-USD) has a higher volatility of 23.48% compared to Coinbase Global, Inc. (COIN) at 17.14%. 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 | 23.48% | 17.14% | +6.34% |
Volatility (6M)Calculated over the trailing 6-month period | 50.32% | 52.80% | -2.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 62.26% | 67.63% | -5.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 72.86% | 85.97% | -13.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 320.65% | 85.18% | +235.47% |
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 (23.48%) compared to COIN (17.14%). In terms of maximum drawdown, MKR-USD dropped -91.59% vs COIN's -91.46%.
MKR-USD currently has the higher Sharpe Ratio (-0.36 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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