SOL-USD vs. XRP-USD
SOL-USD (Solana) and XRP-USD (Ripple) are both cryptocurrencies. Over the past 5 years, SOL-USD returned 13.61%/yr vs 3.18%/yr for XRP-USD. A 0.58 correlation means they provide meaningful diversification when combined.
Performance
SOL-USD vs. XRP-USD - Performance Comparison
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Returns By Period
In the year-to-date period, SOL-USD achieves a -39.98% return, which is significantly lower than XRP-USD's -33.53% return.
SOL-USD
- 1D
- -7.96%
- 1M
- -10.98%
- YTD
- -39.98%
- 6M
- -46.14%
- 1Y
- -52.39%
- 3Y*
- 52.17%
- 5Y*
- 13.61%
- 10Y*
- —
XRP-USD
- 1D
- -5.64%
- 1M
- -11.94%
- YTD
- -33.53%
- 6M
- -43.24%
- 1Y
- -44.38%
- 3Y*
- 33.02%
- 5Y*
- 3.18%
- 10Y*
- —
SOL-USD vs. XRP-USD - Yearly Performance Comparison
Correlation
The correlation between SOL-USD and XRP-USD is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Apr 11, 2020 | 0.58 |
Over the past year, SOL-USD and XRP-USD have become more correlated (0.84) than their long-term average of 0.58, meaning their price movements have been converging.
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Return for Risk
SOL-USD vs. XRP-USD — Risk / Return Rank
SOL-USD
XRP-USD
SOL-USD vs. XRP-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Solana (SOL-USD) and Ripple (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.
| SOL-USD | XRP-USD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.73 | -0.66 | -0.07 |
Sortino ratioReturn per unit of downside risk | -0.94 | -0.78 | -0.16 |
Omega ratioGain probability vs. loss probability | 0.91 | 0.92 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | -1.15 | -1.17 | +0.02 |
Martin ratioReturn relative to average drawdown | -1.52 | -1.64 | +0.12 |
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
| SOL-USD | XRP-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.73 | -0.66 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.14 | 0.04 | +0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 0.55 | +0.31 |
Drawdowns
SOL-USD vs. XRP-USD - Drawdown Comparison
The maximum SOL-USD drawdown since its inception was -96.27%, roughly equal to the maximum XRP-USD drawdown of -95.87%. Use the drawdown chart below to compare losses from any high point for SOL-USD and XRP-USD.
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Drawdown Indicators
| SOL-USD | XRP-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.27% | -95.87% | -0.40% |
Max Drawdown (1Y)Largest decline over 1 year | -69.83% | -65.87% | -3.96% |
Max Drawdown (3Y)Largest decline over 3 years | -71.49% | -65.87% | -5.62% |
Max Drawdown (5Y)Largest decline over 5 years | -96.27% | -77.83% | -18.44% |
Current DrawdownCurrent decline from peak | -71.49% | -65.59% | -5.90% |
Average DrawdownAverage peak-to-trough decline | -51.33% | -71.02% | +19.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 51.35% | 42.91% | +8.44% |
Volatility
SOL-USD vs. XRP-USD - Volatility Comparison
Solana (SOL-USD) has a higher volatility of 14.01% compared to Ripple (XRP-USD) at 11.58%. This indicates that SOL-USD's price experiences larger fluctuations and is considered to be riskier 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
| SOL-USD | XRP-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.01% | 11.58% | +2.43% |
Volatility (6M)Calculated over the trailing 6-month period | 45.50% | 45.44% | +0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.61% | 55.91% | +3.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.79% | 72.47% | +10.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 99.86% | 111.87% | -12.01% |
Frequently Asked Questions
SOL-USD and XRP-USD have a correlation of 0.84, 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 (14.01%) compared to XRP-USD (11.58%). In terms of maximum drawdown, SOL-USD dropped -96.27% vs XRP-USD's -95.87%.
XRP-USD currently has the higher Sharpe Ratio (-0.66 vs -0.73), 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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