QUAL vs. COIN
QUAL (iShares MSCI USA Quality Factor ETF) is Large Cap Blend Equities fund tracking the MSCI USA Sector Neutral Quality Index, while COIN (Coinbase Global, Inc.) is a stock. Over the past 5 years, QUAL returned 11.82%/yr vs -6.29%/yr for COIN. A 0.52 correlation means they provide meaningful diversification when combined.
Performance
QUAL vs. COIN - Performance Comparison
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Returns By Period
In the year-to-date period, QUAL achieves a 7.89% return, which is significantly higher than COIN's -28.31% return.
QUAL
- 1D
- 0.32%
- 1M
- 1.62%
- YTD
- 7.89%
- 6M
- 8.26%
- 1Y
- 19.70%
- 3Y*
- 19.43%
- 5Y*
- 11.82%
- 10Y*
- 14.19%
COIN
- 1D
- 6.37%
- 1M
- -19.41%
- YTD
- -28.31%
- 6M
- -40.88%
- 1Y
- -35.48%
- 3Y*
- 44.90%
- 5Y*
- -6.29%
- 10Y*
- —
QUAL vs. COIN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
QUAL iShares MSCI USA Quality Factor ETF | 7.89% | 12.65% | 22.29% | 30.88% | -20.50% | 16.91% |
COIN Coinbase Global, Inc. | -28.31% | -8.92% | 42.77% | 391.44% | -85.98% | -23.12% |
Correlation
The correlation between QUAL and COIN is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2021 | 0.52 |
The correlation between QUAL and COIN has been stable across timeframes, ranging from 0.46 to 0.53 - a consistent structural relationship.
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Return for Risk
QUAL vs. COIN — Risk / Return Rank
QUAL
COIN
QUAL vs. COIN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Quality Factor ETF (QUAL) 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.
| QUAL | COIN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.16 | ||
| Sortino ratioReturn per unit of downside risk | +2.75 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 0.95 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 2.19 | -0.54 | +2.73 |
| Martin ratioReturn relative to average drawdown | 9.96 | -0.88 | +10.85 |
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
| QUAL | COIN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.65 | -0.51 | +2.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | -0.07 | +0.76 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.79 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.80 | -0.15 | +0.95 |
Drawdowns
QUAL vs. COIN - Drawdown Comparison
The maximum QUAL drawdown since its inception was -34.06%, smaller than the maximum COIN drawdown of -90.90%. Use the drawdown chart below to compare losses from any high point for QUAL and COIN.
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Drawdown Indicators
| QUAL | COIN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.06% | -90.90% | +56.84% |
Max Drawdown (1Y)Largest decline over 1 year | -9.03% | -66.39% | +57.36% |
Max Drawdown (3Y)Largest decline over 3 years | -18.00% | -66.39% | +48.39% |
Max Drawdown (5Y)Largest decline over 5 years | -28.23% | -90.90% | +62.67% |
Max Drawdown (10Y)Largest decline over 10 years | -34.06% | — | — |
Current DrawdownCurrent decline from peak | -1.61% | -61.38% | +59.77% |
Average DrawdownAverage peak-to-trough decline | -4.10% | -49.86% | +45.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.98% | 40.25% | -38.27% |
Volatility
QUAL vs. COIN - Volatility Comparison
The current volatility for iShares MSCI USA Quality Factor ETF (QUAL) is 3.12%, while Coinbase Global, Inc. (COIN) has a volatility of 21.42%. This indicates that QUAL 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
| QUAL | COIN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.12% | 21.42% | -18.30% |
Volatility (6M)Calculated over the trailing 6-month period | 9.28% | 51.58% | -42.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.01% | 70.60% | -58.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.35% | 85.93% | -68.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.11% | 85.40% | -67.29% |
Dividends
QUAL vs. COIN - Dividend Comparison
QUAL's dividend yield for the trailing twelve months is around 0.88%, while COIN has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COIN Coinbase Global, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QUAL iShares MSCI USA Quality Factor ETF | 0.88% | 0.94% | 1.02% | 1.23% | 1.59% | 1.20% | 1.39% | 1.60% | 2.00% | 1.76% | 1.96% | 1.63% |
Frequently Asked Questions
QUAL and COIN have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
COIN has higher volatility (21.42%) compared to QUAL (3.12%). In terms of maximum drawdown, QUAL dropped -34.06% vs COIN's -90.90%.
QUAL currently has the higher Sharpe Ratio (1.65 vs -0.51), 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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