AVAX-USD vs. THETA-USD
AVAX-USD (Avalanche) and THETA-USD (THETA) are both cryptocurrencies. Over the past 5 years, AVAX-USD returned -8.70%/yr vs -50.05%/yr for THETA-USD. A 0.62 correlation means they provide meaningful diversification when combined.
Performance
AVAX-USD vs. THETA-USD - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both stocks are quite close, with AVAX-USD having a -46.26% return and THETA-USD slightly lower at -48.52%.
AVAX-USD
- 1D
- 2.32%
- 1M
- 5.93%
- 6M
- -48.03%
- YTD
- -46.26%
- 1Y
- -73.61%
- 3Y*
- -22.11%
- 5Y*
- -8.70%
- 10Y*
- —
- ALL TIME*
- 6.16%
THETA-USD
- 1D
- -0.12%
- 1M
- -13.81%
- 6M
- -53.79%
- YTD
- -48.52%
- 1Y
- -85.89%
- 3Y*
- -44.83%
- 5Y*
- -50.05%
- 10Y*
- —
- ALL TIME*
- -1.47%
AVAX-USD vs. THETA-USD - Yearly Performance Comparison
Correlation
The correlation between AVAX-USD and THETA-USD is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2020 | 0.62 |
The correlation between AVAX-USD and THETA-USD has been stable across timeframes, ranging from 0.62 to 0.68 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
AVAX-USD vs. THETA-USD — Risk / Return Rank
AVAX-USD
THETA-USD
AVAX-USD vs. THETA-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Avalanche (AVAX-USD) and THETA (THETA-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.
| AVAX-USD | THETA-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.62 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 0.75 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.88 | -0.99 | +0.10 |
| Martin ratioReturn relative to average drawdown | -1.20 | -1.29 | +0.09 |
Loading charts...
Drawdowns
AVAX-USD vs. THETA-USD - Drawdown Comparison
The maximum AVAX-USD drawdown since its inception was -95.65%, roughly equal to the maximum THETA-USD drawdown of -99.11%. Use the drawdown chart below to compare losses from any high point for AVAX-USD and THETA-USD.
Loading charts...
Drawdown Indicators
| AVAX-USD | THETA-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.65% | -99.11% | +3.46% |
Max Drawdown (1Y)Largest decline over 1 year | -83.27% | -87.02% | +3.75% |
Max Drawdown (3Y)Largest decline over 3 years | -90.29% | -96.33% | +6.04% |
Max Drawdown (5Y)Largest decline over 5 years | -95.65% | -98.62% | +2.97% |
Current DrawdownCurrent decline from peak | -95.11% | -99.05% | +3.94% |
Average DrawdownAverage peak-to-trough decline | -70.62% | -71.91% | +1.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 43.31% | 52.90% | -9.59% |
Volatility
AVAX-USD vs. THETA-USD - Volatility Comparison
The current volatility for Avalanche (AVAX-USD) is 14.15%, while THETA (THETA-USD) has a volatility of 16.72%. This indicates that AVAX-USD experiences smaller price fluctuations and is considered to be less risky than THETA-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| AVAX-USD | THETA-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.15% | 16.72% | -2.57% |
Volatility (6M)Calculated over the trailing 6-month period | 46.71% | 52.58% | -5.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 64.73% | 72.48% | -7.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 83.53% | 82.33% | +1.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 96.13% | 103.80% | -7.67% |
Frequently Asked Questions
AVAX-USD and THETA-USD have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
THETA-USD has higher volatility (16.72%) compared to AVAX-USD (14.15%). In terms of maximum drawdown, AVAX-USD dropped -95.65% vs THETA-USD's -99.11%.
AVAX-USD currently has the higher Sharpe Ratio (-0.95 vs -0.99), 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.
Find the right allocation for AVAX-USD and THETA-USD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer