SOL-USD vs. ADA-USD
SOL-USD (Solana) and ADA-USD (Cardano) are both cryptocurrencies. Over the past 5 years, SOL-USD returned 14.65%/yr vs -34.75%/yr for ADA-USD. A 0.63 correlation means they provide meaningful diversification when combined.
Performance
SOL-USD vs. ADA-USD - Performance Comparison
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Returns By Period
In the year-to-date period, SOL-USD achieves a -43.98% return, which is significantly higher than ADA-USD's -50.83% return.
SOL-USD
- 1D
- -3.14%
- 1M
- -17.23%
- YTD
- -43.98%
- 6M
- -41.67%
- 1Y
- -52.38%
- 3Y*
- 62.96%
- 5Y*
- 14.65%
- 10Y*
- —
ADA-USD
- 1D
- -1.80%
- 1M
- -33.99%
- YTD
- -50.83%
- 6M
- -53.39%
- 1Y
- -72.91%
- 3Y*
- -14.63%
- 5Y*
- -34.75%
- 10Y*
- —
SOL-USD vs. ADA-USD - Yearly Performance Comparison
Correlation
The correlation between SOL-USD and ADA-USD is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2020 | 0.63 |
Over the past year, SOL-USD and ADA-USD have become more correlated (0.86) than their long-term average of 0.63, meaning their price movements have been converging.
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Return for Risk
SOL-USD vs. ADA-USD — Risk / Return Rank
SOL-USD
ADA-USD
SOL-USD vs. ADA-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Solana (SOL-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.
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 | ADA-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.87 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 0.83 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.70 | -0.87 | +0.17 |
| Martin ratioReturn relative to average drawdown | -1.11 | -1.33 | +0.22 |
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Drawdowns
SOL-USD vs. ADA-USD - Drawdown Comparison
The maximum SOL-USD drawdown since its inception was -96.27%, roughly equal to the maximum ADA-USD drawdown of -97.85%. Use the drawdown chart below to compare losses from any high point for SOL-USD and ADA-USD.
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Drawdown Indicators
| SOL-USD | ADA-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.27% | -97.85% | +1.58% |
Max Drawdown (1Y)Largest decline over 1 year | -74.89% | -83.69% | +8.80% |
Max Drawdown (3Y)Largest decline over 3 years | -76.28% | -87.24% | +10.96% |
Max Drawdown (5Y)Largest decline over 5 years | -96.27% | -94.72% | -1.55% |
Current DrawdownCurrent decline from peak | -73.39% | -94.48% | +21.09% |
Average DrawdownAverage peak-to-trough decline | -51.47% | -77.58% | +26.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 49.31% | 55.56% | -6.25% |
Volatility
SOL-USD vs. ADA-USD - Volatility Comparison
The current volatility for Solana (SOL-USD) is 18.70%, while Cardano (ADA-USD) has a volatility of 23.61%. This indicates that SOL-USD experiences smaller price fluctuations and is considered to be less risky 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
| SOL-USD | ADA-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.70% | 23.61% | -4.91% |
Volatility (6M)Calculated over the trailing 6-month period | 47.01% | 52.88% | -5.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 60.05% | 64.32% | -4.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.31% | 74.93% | +7.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 99.74% | 103.14% | -3.40% |
Frequently Asked Questions
SOL-USD and ADA-USD have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ADA-USD has higher volatility (23.61%) compared to SOL-USD (18.70%). In terms of maximum drawdown, SOL-USD dropped -96.27% vs ADA-USD's -97.85%.
SOL-USD currently has the higher Sharpe Ratio (-0.72 vs -0.94), 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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