NOK=X vs. COIN
NOK=X (USD/NOK) is a currency, while COIN (Coinbase Global, Inc.) is a stock. Over the past 5 years, NOK=X returned 2.64%/yr vs -5.37%/yr for COIN. At a correlation of -0.13, they often move in opposite directions.
Performance
NOK=X vs. COIN - Performance Comparison
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Different Trading Currencies
NOK=X is traded in NOK, while COIN is traded in USD. To make them comparable, the COIN values have been converted to NOK using the latest available exchange rates.
Returns By Period
In the year-to-date period, NOK=X achieves a -6.33% return, which is significantly higher than COIN's -36.88% return.
NOK=X
- 1D
- 1.14%
- 1M
- 1.57%
- YTD
- -6.33%
- 6M
- -6.44%
- 1Y
- -6.06%
- 3Y*
- -5.21%
- 5Y*
- 2.64%
- 10Y*
- 1.54%
COIN
- 1D
- -6.09%
- 1M
- -21.80%
- YTD
- -36.88%
- 6M
- -47.14%
- 1Y
- -41.38%
- 3Y*
- 35.99%
- 5Y*
- -5.37%
- 10Y*
- —
NOK=X vs. COIN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
NOK=X USD/NOK | -6.33% | -11.45% | 11.97% | 4.04% | 11.02% | 5.01% |
COIN Coinbase Global, Inc. | -36.88% | -19.35% | 59.85% | 411.28% | -84.43% | -19.27% |
Correlation
The correlation between NOK=X and COIN is -0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.13 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2021 | -0.13 |
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Return for Risk
NOK=X vs. COIN — Risk / Return Rank
NOK=X
COIN
NOK=X vs. COIN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for USD/NOK (NOK=X) 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.
| NOK=X | COIN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 0.93 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.44 | -0.61 | +0.17 |
| Martin ratioReturn relative to average drawdown | -0.90 | -0.99 | +0.09 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NOK=X | COIN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.62 | -0.60 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | -0.06 | +0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.11 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.19 | -0.14 | +0.33 |
Drawdowns
NOK=X vs. COIN - Drawdown Comparison
The maximum NOK=X drawdown since its inception was -35.52%, smaller than the maximum COIN drawdown of -89.46%. Use the drawdown chart below to compare losses from any high point for NOK=X and COIN.
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Drawdown Indicators
| NOK=X | COIN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.52% | -89.46% | +53.94% |
Max Drawdown (1Y)Largest decline over 1 year | -11.22% | -68.52% | +57.30% |
Max Drawdown (3Y)Largest decline over 3 years | -19.95% | -68.52% | +48.57% |
Max Drawdown (5Y)Largest decline over 5 years | -19.95% | -89.46% | +69.51% |
Max Drawdown (10Y)Largest decline over 10 years | -35.52% | — | — |
Current DrawdownCurrent decline from peak | -20.41% | -66.25% | +45.84% |
Average DrawdownAverage peak-to-trough decline | -13.16% | -45.67% | +32.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.58% | 41.80% | -36.22% |
Volatility
NOK=X vs. COIN - Volatility Comparison
The current volatility for USD/NOK (NOK=X) is 1.85%, while Coinbase Global, Inc. (COIN) has a volatility of 19.07%. This indicates that NOK=X experiences smaller price fluctuations and is considered to be less risky 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
| NOK=X | COIN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.85% | 19.07% | -17.22% |
Volatility (6M)Calculated over the trailing 6-month period | 6.41% | 49.61% | -43.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.97% | 69.56% | -61.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.71% | 83.62% | -71.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.92% | 83.18% | -70.26% |
Frequently Asked Questions
NOK=X and COIN have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
COIN has higher volatility (19.07%) compared to NOK=X (1.85%). In terms of maximum drawdown, NOK=X dropped -35.52% vs COIN's -89.46%.
COIN currently has the higher Sharpe Ratio (-0.60 vs -0.62), 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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