PLNUSD=X vs. XRP-USD
PLNUSD=X (PLN/USD) is a currency, while XRP-USD (XRP) is a cryptocurrency. Over the past 5 years, PLNUSD=X returned 0.60%/yr vs 13.38%/yr for XRP-USD. At a 0.12 correlation, their price movements are largely independent.
Performance
PLNUSD=X vs. XRP-USD - Performance Comparison
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Returns By Period
In the year-to-date period, PLNUSD=X achieves a -4.74% return, which is significantly higher than XRP-USD's -40.67% return.
PLNUSD=X
- 1D
- 0.45%
- 1M
- -2.67%
- 6M
- -4.01%
- YTD
- -4.74%
- 1Y
- -2.54%
- 3Y*
- 1.72%
- 5Y*
- 0.60%
- 10Y*
- 0.64%
XRP-USD
- 1D
- -1.94%
- 1M
- -10.28%
- 6M
- -47.50%
- YTD
- -40.67%
- 1Y
- -64.10%
- 3Y*
- 13.94%
- 5Y*
- 13.38%
- 10Y*
- —
PLNUSD=X vs. XRP-USD - Yearly Performance Comparison
Correlation
The correlation between PLNUSD=X and XRP-USD is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2017 | 0.12 |
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Return for Risk
PLNUSD=X vs. XRP-USD — Risk / Return Rank
PLNUSD=X
XRP-USD
PLNUSD=X vs. XRP-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PLN/USD (PLNUSD=X) and XRP (XRP-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.
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.
| PLNUSD=X | XRP-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.69 | ||
| Sortino ratioReturn per unit of downside risk | +1.40 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 0.83 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.25 | -0.91 | +0.66 |
| Martin ratioReturn relative to average drawdown | -0.59 | -1.32 | +0.73 |
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Drawdowns
PLNUSD=X vs. XRP-USD - Drawdown Comparison
The maximum PLNUSD=X drawdown since its inception was -59.63%, smaller than the maximum XRP-USD drawdown of -95.87%. Use the drawdown chart below to compare losses from any high point for PLNUSD=X and XRP-USD.
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Drawdown Indicators
| PLNUSD=X | XRP-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.63% | -95.87% | +36.24% |
Max Drawdown (1Y)Largest decline over 1 year | -8.24% | -70.77% | +62.53% |
Max Drawdown (3Y)Largest decline over 3 years | -10.57% | -70.77% | +60.20% |
Max Drawdown (5Y)Largest decline over 5 years | -24.17% | -77.83% | +53.66% |
Max Drawdown (10Y)Largest decline over 10 years | -33.60% | — | — |
Current DrawdownCurrent decline from peak | -46.39% | -69.28% | +22.89% |
Average DrawdownAverage peak-to-trough decline | -40.93% | -70.96% | +30.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.74% | 40.65% | -36.91% |
Volatility
PLNUSD=X vs. XRP-USD - Volatility Comparison
The current volatility for PLN/USD (PLNUSD=X) is 1.59%, while XRP (XRP-USD) has a volatility of 11.29%. This indicates that PLNUSD=X experiences smaller price fluctuations and is considered to be less risky than XRP-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PLNUSD=X | XRP-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.59% | 11.29% | -9.70% |
Volatility (6M)Calculated over the trailing 6-month period | 5.90% | 43.77% | -37.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.58% | 55.33% | -47.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.45% | 71.26% | -60.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.91% | 111.29% | -101.38% |
Frequently Asked Questions
PLNUSD=X and XRP-USD have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XRP-USD has higher volatility (11.29%) compared to PLNUSD=X (1.59%). In terms of maximum drawdown, PLNUSD=X dropped -59.63% vs XRP-USD's -95.87%.
PLNUSD=X currently has the higher Sharpe Ratio (-0.27 vs -0.96), 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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