WISE.L vs. ETH-USD
WISE.L (Wise plc) is a stock, while ETH-USD (Ethereum) is a cryptocurrency. Over the past 3 years, WISE.L returned 11.00%/yr vs -7.67%/yr for ETH-USD. At a 0.14 correlation, their price movements are largely independent.
Performance
WISE.L vs. ETH-USD - Performance Comparison
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Different Trading Currencies
WISE.L is traded in GBp, while ETH-USD is traded in USD. To make them comparable, the ETH-USD values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, WISE.L achieves a -7.30% return, which is significantly higher than ETH-USD's -45.75% return.
WISE.L
- 1D
- 1.98%
- 1M
- -21.71%
- YTD
- -7.30%
- 6M
- -4.34%
- 1Y
- -28.79%
- 3Y*
- 11.00%
- 5Y*
- —
- 10Y*
- —
ETH-USD
- 1D
- -9.33%
- 1M
- -30.93%
- YTD
- -45.75%
- 6M
- -47.32%
- 1Y
- -32.87%
- 3Y*
- -7.67%
- 5Y*
- -8.87%
- 10Y*
- 61.36%
WISE.L vs. ETH-USD - Yearly Performance Comparison
Correlation
The correlation between WISE.L and ETH-USD is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Jul 8, 2021 | 0.14 |
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Return for Risk
WISE.L vs. ETH-USD — Risk / Return Rank
WISE.L
ETH-USD
WISE.L vs. ETH-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Wise plc (WISE.L) and Ethereum (ETH-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.
| WISE.L | ETH-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.49 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 0.96 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | -0.49 | -0.29 |
| Martin ratioReturn relative to average drawdown | -1.33 | -0.87 | -0.46 |
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
| WISE.L | ETH-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.66 | -0.49 | -0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.13 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.65 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.03 | 0.76 | -0.79 |
Drawdowns
WISE.L vs. ETH-USD - Drawdown Comparison
The maximum WISE.L drawdown since its inception was -74.14%, smaller than the maximum ETH-USD drawdown of -93.08%. Use the drawdown chart below to compare losses from any high point for WISE.L and ETH-USD.
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Drawdown Indicators
| WISE.L | ETH-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.14% | -93.08% | +18.94% |
Max Drawdown (1Y)Largest decline over 1 year | -29.63% | -66.57% | +36.94% |
Max Drawdown (3Y)Largest decline over 3 years | -35.68% | -66.57% | +30.89% |
Max Drawdown (5Y)Largest decline over 5 years | — | -75.89% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -93.08% | — |
Current DrawdownCurrent decline from peak | -28.79% | -66.57% | +37.78% |
Average DrawdownAverage peak-to-trough decline | -31.96% | -48.54% | +16.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.06% | 43.76% | -26.70% |
Volatility
WISE.L vs. ETH-USD - Volatility Comparison
Wise plc (WISE.L) has a higher volatility of 16.53% compared to Ethereum (ETH-USD) at 14.04%. This indicates that WISE.L's price experiences larger fluctuations and is considered to be riskier than ETH-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WISE.L | ETH-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.53% | 14.04% | +2.49% |
Volatility (6M)Calculated over the trailing 6-month period | 28.97% | 46.29% | -17.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.77% | 55.67% | -19.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.62% | 58.81% | -17.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.62% | 78.66% | -37.04% |
Frequently Asked Questions
WISE.L and ETH-USD have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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