NEAR-USD vs. ADA-USD
Compare and contrast key facts about NEAR Protocol (NEAR-USD) and Cardano (ADA-USD).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NEAR-USD or ADA-USD.
Performance
NEAR-USD vs. ADA-USD - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with NEAR-USD having a 68.06% return and ADA-USD slightly higher at 70.05%.
NEAR-USD
68.06%
32.60%
-22.37%
239.52%
N/A
N/A
ADA-USD
70.05%
189.84%
119.90%
161.31%
95.27%
N/A
Key characteristics
| NEAR-USD | ADA-USD | |
|---|---|---|
| Sharpe Ratio | -0.24 | 0.74 |
| Sortino Ratio | 0.37 | 1.61 |
| Omega Ratio | 1.03 | 1.16 |
| Calmar Ratio | 0.17 | 0.29 |
| Martin Ratio | -0.69 | 1.56 |
| Ulcer Index | 36.18% | 39.21% |
| Daily Std Dev | 96.68% | 69.55% |
| Max Drawdown | -95.13% | -97.85% |
| Current Drawdown | -69.71% | -65.96% |
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Correlation
The correlation between NEAR-USD and ADA-USD is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
NEAR-USD vs. ADA-USD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NEAR Protocol (NEAR-USD) and Cardano (ADA-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.
Drawdowns
NEAR-USD vs. ADA-USD - Drawdown Comparison
The maximum NEAR-USD drawdown since its inception was -95.13%, roughly equal to the maximum ADA-USD drawdown of -97.85%. Use the drawdown chart below to compare losses from any high point for NEAR-USD and ADA-USD. For additional features, visit the drawdowns tool.
Volatility
NEAR-USD vs. ADA-USD - Volatility Comparison
The current volatility for NEAR Protocol (NEAR-USD) is 31.17%, while Cardano (ADA-USD) has a volatility of 37.82%. This indicates that NEAR-USD experiences smaller price fluctuations and is considered to be less risky than ADA-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.