SNX-USD vs. ADA-USD
SNX-USD (SynthetixNetworkToken) and ADA-USD (Cardano) are both cryptocurrencies. Over the past 5 years, SNX-USD returned -54.34%/yr vs -35.05%/yr for ADA-USD. A 0.58 correlation means they provide meaningful diversification when combined.
Performance
SNX-USD vs. ADA-USD - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with SNX-USD having a -34.41% return and ADA-USD slightly lower at -35.93%.
SNX-USD
- 1D
- -6.62%
- 1M
- -15.16%
- YTD
- -34.41%
- 6M
- -51.19%
- 1Y
- -62.02%
- 3Y*
- -51.50%
- 5Y*
- -54.34%
- 10Y*
- —
ADA-USD
- 1D
- -7.58%
- 1M
- -14.51%
- YTD
- -35.93%
- 6M
- -50.82%
- 1Y
- -69.09%
- 3Y*
- -17.21%
- 5Y*
- -35.05%
- 10Y*
- —
SNX-USD vs. ADA-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SNX-USD SynthetixNetworkToken | -34.41% | -78.57% | -50.43% | 168.73% | -73.89% | -24.18% | 493.90% | 3,090.51% | -91.94% |
ADA-USD Cardano | -35.93% | -60.53% | 42.06% | 141.64% | -81.22% | 621.17% | 452.29% | -20.01% | -81.59% |
Correlation
The correlation between SNX-USD and ADA-USD is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Mar 14, 2018 | 0.58 |
The correlation between SNX-USD and ADA-USD shifts across timeframes, from 0.58 (all time) to 0.78 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SNX-USD vs. ADA-USD — Risk / Return Rank
SNX-USD
ADA-USD
SNX-USD vs. ADA-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SynthetixNetworkToken (SNX-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.
| SNX-USD | ADA-USD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.44 | -0.92 | +0.47 |
Sortino ratioReturn per unit of downside risk | -0.18 | -1.65 | +1.47 |
Omega ratioGain probability vs. loss probability | 0.98 | 0.85 | +0.13 |
Calmar ratioReturn relative to maximum drawdown | -0.82 | -1.13 | +0.31 |
Martin ratioReturn relative to average drawdown | -0.95 | -1.45 | +0.51 |
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
| SNX-USD | ADA-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.44 | -0.92 | +0.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.45 | -0.39 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.05 | 0.20 | -0.25 |
Drawdowns
SNX-USD vs. ADA-USD - Drawdown Comparison
The maximum SNX-USD drawdown since its inception was -99.01%, roughly equal to the maximum ADA-USD drawdown of -97.85%. Use the drawdown chart below to compare losses from any high point for SNX-USD and ADA-USD.
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Drawdown Indicators
| SNX-USD | ADA-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.01% | -97.85% | -1.16% |
Max Drawdown (1Y)Largest decline over 1 year | -88.27% | -77.81% | -10.46% |
Max Drawdown (3Y)Largest decline over 3 years | -94.73% | -82.65% | -12.08% |
Max Drawdown (5Y)Largest decline over 5 years | -98.21% | -92.81% | -5.40% |
Current DrawdownCurrent decline from peak | -99.01% | -92.81% | -6.20% |
Average DrawdownAverage peak-to-trough decline | -72.90% | -77.52% | +4.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 76.81% | 58.76% | +18.05% |
Volatility
SNX-USD vs. ADA-USD - Volatility Comparison
SynthetixNetworkToken (SNX-USD) has a higher volatility of 17.15% compared to Cardano (ADA-USD) at 13.95%. This indicates that SNX-USD's price experiences larger fluctuations and is considered to be riskier than ADA-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SNX-USD | ADA-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.15% | 13.95% | +3.20% |
Volatility (6M)Calculated over the trailing 6-month period | 58.72% | 50.56% | +8.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 116.18% | 62.66% | +53.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 101.21% | 74.77% | +26.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 117.60% | 102.94% | +14.66% |
Frequently Asked Questions
SNX-USD and ADA-USD have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SNX-USD has higher volatility (17.15%) compared to ADA-USD (13.95%). In terms of maximum drawdown, SNX-USD dropped -99.01% vs ADA-USD's -97.85%.
SNX-USD currently has the higher Sharpe Ratio (-0.44 vs -0.92), 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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