ZEC-USD vs. AAPL
ZEC-USD (ZCash) is a cryptocurrency, while AAPL (Apple Inc) is a stock. Over the past 5 years, ZEC-USD returned 20.83%/yr vs 20.16%/yr for AAPL. At a 0.12 correlation, their price movements are largely independent.
Performance
ZEC-USD vs. AAPL - Performance Comparison
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Returns By Period
In the year-to-date period, ZEC-USD achieves a -24.50% return, which is significantly lower than AAPL's 13.26% return.
ZEC-USD
- 1D
- -16.05%
- 1M
- -30.42%
- YTD
- -24.50%
- 6M
- 6.99%
- 1Y
- 707.71%
- 3Y*
- 134.07%
- 5Y*
- 20.83%
- 10Y*
- —
AAPL
- 1D
- -1.25%
- 1M
- 7.00%
- YTD
- 13.26%
- 6M
- 10.45%
- 1Y
- 53.80%
- 3Y*
- 20.25%
- 5Y*
- 20.16%
- 10Y*
- 29.85%
ZEC-USD vs. AAPL - Yearly Performance Comparison
Correlation
The correlation between ZEC-USD and AAPL is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Jan 1, 2017 | 0.12 |
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Return for Risk
ZEC-USD vs. AAPL — Risk / Return Rank
ZEC-USD
AAPL
ZEC-USD vs. AAPL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ZCash (ZEC-USD) and Apple Inc (AAPL). 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.
| ZEC-USD | AAPL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.43 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 9.86 | 3.92 | +5.94 |
| Martin ratioReturn relative to average drawdown | 18.56 | 9.86 | +8.70 |
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
| ZEC-USD | AAPL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.52 | 2.42 | +2.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | 0.74 | -0.55 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.04 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | 0.44 | -0.23 |
Drawdowns
ZEC-USD vs. AAPL - Drawdown Comparison
The maximum ZEC-USD drawdown since its inception was -97.92%, which is greater than AAPL's maximum drawdown of -81.80%. Use the drawdown chart below to compare losses from any high point for ZEC-USD and AAPL.
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Drawdown Indicators
| ZEC-USD | AAPL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.92% | -81.80% | -16.12% |
Max Drawdown (1Y)Largest decline over 1 year | -71.77% | -13.80% | -57.97% |
Max Drawdown (3Y)Largest decline over 3 years | -71.77% | -33.36% | -38.41% |
Max Drawdown (5Y)Largest decline over 5 years | -93.77% | -33.36% | -60.41% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.52% | — |
Current DrawdownCurrent decline from peak | -56.25% | -2.49% | -53.76% |
Average DrawdownAverage peak-to-trough decline | -81.01% | -29.61% | -51.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 43.97% | 5.47% | +38.50% |
Volatility
ZEC-USD vs. AAPL - Volatility Comparison
ZCash (ZEC-USD) has a higher volatility of 51.60% compared to Apple Inc (AAPL) at 5.23%. This indicates that ZEC-USD's price experiences larger fluctuations and is considered to be riskier than AAPL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZEC-USD | AAPL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 51.60% | 5.23% | +46.37% |
Volatility (6M)Calculated over the trailing 6-month period | 97.97% | 15.92% | +82.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 130.21% | 22.35% | +107.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 91.37% | 27.45% | +63.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 97.87% | 28.89% | +68.98% |
Frequently Asked Questions
ZEC-USD and AAPL have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ZEC-USD has higher volatility (51.60%) compared to AAPL (5.23%). In terms of maximum drawdown, ZEC-USD dropped -97.92% vs AAPL's -81.80%.
ZEC-USD currently has the higher Sharpe Ratio (4.52 vs 2.42), 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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