XTZ-USD vs. ADA-USD
XTZ-USD (Tezos) and ADA-USD (Cardano) are both cryptocurrencies. Over the past 5 years, XTZ-USD returned -42.30%/yr vs -37.38%/yr for ADA-USD. A 0.65 correlation means they provide meaningful diversification when combined.
Performance
XTZ-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 XTZ-USD having a -50.33% return and ADA-USD slightly lower at -51.46%.
XTZ-USD
- 1D
- -12.08%
- 1M
- -35.90%
- YTD
- -50.33%
- 6M
- -48.66%
- 1Y
- -54.64%
- 3Y*
- -34.67%
- 5Y*
- -42.30%
- 10Y*
- —
ADA-USD
- 1D
- -10.02%
- 1M
- -39.43%
- YTD
- -51.46%
- 6M
- -61.14%
- 1Y
- -74.19%
- 3Y*
- -22.94%
- 5Y*
- -37.38%
- 10Y*
- —
XTZ-USD vs. ADA-USD - Yearly Performance Comparison
Correlation
The correlation between XTZ-USD and ADA-USD is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Nov 10, 2017 | 0.65 |
The correlation between XTZ-USD and ADA-USD shifts across timeframes, from 0.65 (all time) to 0.79 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XTZ-USD vs. ADA-USD — Risk / Return Rank
XTZ-USD
ADA-USD
XTZ-USD vs. ADA-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tezos (XTZ-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.
| XTZ-USD | ADA-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.33 | ||
| Sortino ratioReturn per unit of downside risk | +1.04 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 0.83 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.71 | -0.89 | +0.18 |
| Martin ratioReturn relative to average drawdown | -1.11 | -1.41 | +0.30 |
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
| XTZ-USD | ADA-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.64 | -0.97 | +0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.45 | -0.41 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.10 | 0.17 | -0.27 |
Drawdowns
XTZ-USD vs. ADA-USD - Drawdown Comparison
The maximum XTZ-USD drawdown since its inception was -97.68%, roughly equal to the maximum ADA-USD drawdown of -97.85%. Use the drawdown chart below to compare losses from any high point for XTZ-USD and ADA-USD.
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Drawdown Indicators
| XTZ-USD | ADA-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.68% | -97.85% | +0.17% |
Max Drawdown (1Y)Largest decline over 1 year | -77.13% | -83.19% | +6.06% |
Max Drawdown (3Y)Largest decline over 3 years | -86.31% | -86.85% | +0.54% |
Max Drawdown (5Y)Largest decline over 5 years | -97.18% | -94.55% | -2.63% |
Current DrawdownCurrent decline from peak | -97.68% | -94.55% | -3.13% |
Average DrawdownAverage peak-to-trough decline | -79.36% | -77.53% | -1.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 38.46% | 59.40% | -20.94% |
Volatility
XTZ-USD vs. ADA-USD - Volatility Comparison
Tezos (XTZ-USD) has a higher volatility of 21.55% compared to Cardano (ADA-USD) at 19.22%. This indicates that XTZ-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
| XTZ-USD | ADA-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.55% | 19.22% | +2.33% |
Volatility (6M)Calculated over the trailing 6-month period | 49.28% | 52.51% | -3.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 71.47% | 63.88% | +7.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 78.00% | 74.91% | +3.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 103.11% | 102.99% | +0.12% |
Frequently Asked Questions
XTZ-USD and ADA-USD have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XTZ-USD has higher volatility (21.55%) compared to ADA-USD (19.22%). In terms of maximum drawdown, XTZ-USD dropped -97.68% vs ADA-USD's -97.85%.
XTZ-USD currently has the higher Sharpe Ratio (-0.64 vs -0.97), 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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