SOL-USD vs. ^NDX
SOL-USD (Solana) is a cryptocurrency, while ^NDX (NASDAQ 100 Index) is an index. Over the past 5 years, SOL-USD returned 12.17%/yr vs 16.18%/yr for ^NDX. At a 0.23 correlation, their price movements are largely independent.
Performance
SOL-USD vs. ^NDX - Performance Comparison
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Returns By Period
In the year-to-date period, SOL-USD achieves a -44.76% return, which is significantly lower than ^NDX's 17.37% return.
SOL-USD
- 1D
- 0.85%
- 1M
- -25.39%
- YTD
- -44.76%
- 6M
- -48.38%
- 1Y
- -53.76%
- 3Y*
- 68.07%
- 5Y*
- 12.17%
- 10Y*
- —
^NDX
- 1D
- 0.64%
- 1M
- 0.19%
- YTD
- 17.37%
- 6M
- 17.62%
- 1Y
- 37.01%
- 3Y*
- 25.76%
- 5Y*
- 16.18%
- 10Y*
- 20.95%
SOL-USD vs. ^NDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SOL-USD Solana | -44.76% | -34.09% | 85.68% | 919.96% | -94.13% | 11,143.63% | 81.60% |
^NDX NASDAQ 100 Index | 17.37% | 20.17% | 24.88% | 53.81% | -32.97% | 26.63% | 56.44% |
Correlation
The correlation between SOL-USD and ^NDX is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2020 | 0.23 |
The correlation between SOL-USD and ^NDX shifts across timeframes, from 0.23 (3 years) to 0.39 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SOL-USD vs. ^NDX — Risk / Return Rank
SOL-USD
^NDX
SOL-USD vs. ^NDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Solana (SOL-USD) and NASDAQ 100 Index (^NDX). 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.
| SOL-USD | ^NDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.79 | ||
| Sortino ratioReturn per unit of downside risk | -3.66 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.36 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | -0.72 | 2.92 | -3.64 |
| Martin ratioReturn relative to average drawdown | -1.16 | 10.85 | -12.01 |
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Drawdowns
SOL-USD vs. ^NDX - Drawdown Comparison
The maximum SOL-USD drawdown since its inception was -96.27%, which is greater than ^NDX's maximum drawdown of -82.90%. Use the drawdown chart below to compare losses from any high point for SOL-USD and ^NDX.
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Drawdown Indicators
| SOL-USD | ^NDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.27% | -82.90% | -13.37% |
Max Drawdown (1Y)Largest decline over 1 year | -74.89% | -12.12% | -62.77% |
Max Drawdown (3Y)Largest decline over 3 years | -76.28% | -22.93% | -53.35% |
Max Drawdown (5Y)Largest decline over 5 years | -96.27% | -35.56% | -60.71% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.56% | — |
Current DrawdownCurrent decline from peak | -73.76% | -3.34% | -70.42% |
Average DrawdownAverage peak-to-trough decline | -51.42% | -24.61% | -26.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 53.06% | 3.26% | +49.80% |
Volatility
SOL-USD vs. ^NDX - Volatility Comparison
Solana (SOL-USD) has a higher volatility of 17.62% compared to NASDAQ 100 Index (^NDX) at 7.51%. This indicates that SOL-USD's price experiences larger fluctuations and is considered to be riskier than ^NDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SOL-USD | ^NDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.62% | 7.51% | +10.11% |
Volatility (6M)Calculated over the trailing 6-month period | 46.90% | 13.84% | +33.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 60.08% | 17.29% | +42.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.35% | 22.76% | +59.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 99.82% | 22.61% | +77.21% |
Frequently Asked Questions
SOL-USD and ^NDX have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOL-USD has higher volatility (17.62%) compared to ^NDX (7.51%). In terms of maximum drawdown, SOL-USD dropped -96.27% vs ^NDX's -82.90%.
^NDX currently has the higher Sharpe Ratio (2.05 vs -0.74), 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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