ADA / EEM
Cardano and iShares MSCI Emerging Markets ETF correlation 0.23
Cardano and iShares MSCI Emerging Markets ETF correlation is 0.23 over 90 days both markets printed a close, ending 2026-10-23. The link is real and loose. A hedge helps, it does not cancel the book.
- 90-close correlation
- 0.23
- 30-close correlation
- 0.42
- Observations
- 90
- As of
- 2026-10-23
- ADA vol
- 80.3%
- EEM vol
- 25.8%
- Calendar
- days both markets printed a close
- 30-close count
- 30
The 30-close correlation is 0.42 against 0.23 over 90 closes. The pair tightened. Crypto trades on weekends and these ETFs do not. This correlation keeps only dates both sides printed a close, so it is not comparable to a crypto-to-crypto page.
ADA 90-close vol is 80.3%. EEM is 25.8%. A 50/50 book of the two annualized vols would have realized about 44.9%, against 53.1% if you averaged the two vols with no diversification.
How to read this print
- Read the 90-close correlation for ADA and EEM.
- Compare it with the 30-close print to see if the pair tightened or broke.
- Use the two realized vols to judge whether a 50/50 mix actually diversifies.
- Open the correlation matrix if you want the whole book, not one pair.
FAQ
People also ask
0.23 over 90 days both markets printed a close, ending 2026-10-23. The link is real and loose. A hedge helps, it does not cancel the book.
The 30-close correlation is 0.42 against 0.23 over 90 closes. The pair tightened.
Using the 90-close vols and this correlation, a 50/50 book would have realized about 44.9%. Compare that with holding either name alone.
This print uses days both markets printed a close and log-return correlation on the aligned window. A site that uses weekly returns, a different session calendar, or a longer sample will not match it. The method is on this page.
Related
Cardano volatility
90-close vol 80.3%.
iShares MSCI Emerging Markets ETF volatility
90-close vol 25.8%.
Correlation matrix
The full book, not just this pair.
Risk parity optimizer
Weights that stop the higher-vol name from owning the book.
Diversification ratio
How much of the standalone vol a mix actually cancels.
BTC and ADA
Another pair in the same universe.
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SOL and ADA
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XRP and ADA
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A correlation is not a hedge until you hold both.
This page is the market path. Thrive is the book you actually held, so you can see whether the hedge was real.