ALGO-USD vs. DOT-USD
ALGO-USD (Algorand) and DOT-USD (Polkadot) are both cryptocurrencies. Over the past 5 years, ALGO-USD returned -36.37%/yr vs -43.82%/yr for DOT-USD. At a 0.23 correlation, their price movements are largely independent.
Performance
ALGO-USD vs. DOT-USD - Performance Comparison
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Returns By Period
In the year-to-date period, ALGO-USD achieves a -23.48% return, which is significantly higher than DOT-USD's -53.00% return.
ALGO-USD
- 1D
- -5.91%
- 1M
- -22.21%
- YTD
- -23.48%
- 6M
- -26.48%
- 1Y
- -51.96%
- 3Y*
- -13.28%
- 5Y*
- -36.37%
- 10Y*
- —
DOT-USD
- 1D
- -5.20%
- 1M
- -32.70%
- YTD
- -53.00%
- 6M
- -50.12%
- 1Y
- -74.96%
- 3Y*
- -45.19%
- 5Y*
- -43.82%
- 10Y*
- —
ALGO-USD vs. DOT-USD - Yearly Performance Comparison
Correlation
The correlation between ALGO-USD and DOT-USD is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Jun 15, 2021 | 0.23 |
Over the past year, ALGO-USD and DOT-USD have become more correlated (0.76) than their long-term average of 0.23, meaning their price movements have been converging.
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Return for Risk
ALGO-USD vs. DOT-USD — Risk / Return Rank
ALGO-USD
DOT-USD
ALGO-USD vs. DOT-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Algorand (ALGO-USD) and Polkadot (DOT-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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ALGO-USD | DOT-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +1.11 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 0.83 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.70 | -0.92 | +0.22 |
| Martin ratioReturn relative to average drawdown | -0.96 | -1.40 | +0.45 |
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Drawdowns
ALGO-USD vs. DOT-USD - Drawdown Comparison
The maximum ALGO-USD drawdown since its inception was -97.53%, roughly equal to the maximum DOT-USD drawdown of -98.44%. Use the drawdown chart below to compare losses from any high point for ALGO-USD and DOT-USD.
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Drawdown Indicators
| ALGO-USD | DOT-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.53% | -98.44% | +0.91% |
Max Drawdown (1Y)Largest decline over 1 year | -74.55% | -81.55% | +7.00% |
Max Drawdown (3Y)Largest decline over 3 years | -84.09% | -92.73% | +8.64% |
Max Drawdown (5Y)Largest decline over 5 years | -96.59% | -98.44% | +1.85% |
Current DrawdownCurrent decline from peak | -97.43% | -98.44% | +1.01% |
Average DrawdownAverage peak-to-trough decline | -87.06% | -81.18% | -5.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 40.68% | 50.83% | -10.15% |
Volatility
ALGO-USD vs. DOT-USD - Volatility Comparison
Algorand (ALGO-USD) has a higher volatility of 23.23% compared to Polkadot (DOT-USD) at 16.49%. This indicates that ALGO-USD's price experiences larger fluctuations and is considered to be riskier than DOT-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ALGO-USD | DOT-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.23% | 16.49% | +6.74% |
Volatility (6M)Calculated over the trailing 6-month period | 55.78% | 57.99% | -2.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 69.35% | 71.04% | -1.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 79.69% | 71.98% | +7.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 93.21% | 72.60% | +20.61% |
Frequently Asked Questions
ALGO-USD and DOT-USD have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ALGO-USD has higher volatility (23.23%) compared to DOT-USD (16.49%). In terms of maximum drawdown, ALGO-USD dropped -97.53% vs DOT-USD's -98.44%.
ALGO-USD currently has the higher Sharpe Ratio (-0.62 vs -0.88), 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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