DOT-USD vs. BTC-USD
DOT-USD (Polkadot) and BTC-USD (Bitcoin) are both cryptocurrencies. Over the past 3 years, DOT-USD returned -42.43%/yr vs 31.02%/yr for BTC-USD. At a 0.18 correlation, their price movements are largely independent.
Performance
DOT-USD vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, DOT-USD achieves a -46.41% return, which is significantly lower than BTC-USD's -29.97% return.
DOT-USD
- 1D
- -7.65%
- 1M
- -27.34%
- YTD
- -46.41%
- 6M
- -54.95%
- 1Y
- -74.90%
- 3Y*
- -42.43%
- 5Y*
- —
- 10Y*
- —
BTC-USD
- 1D
- -3.97%
- 1M
- -24.76%
- YTD
- -29.97%
- 6M
- -31.42%
- 1Y
- -39.67%
- 3Y*
- 31.02%
- 5Y*
- 11.35%
- 10Y*
- 59.37%
DOT-USD vs. BTC-USD - Yearly Performance Comparison
Correlation
The correlation between DOT-USD and BTC-USD is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Jun 16, 2021 | 0.18 |
Over the past year, DOT-USD and BTC-USD have become more correlated (0.72) than their long-term average of 0.18, meaning their price movements have been converging.
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Return for Risk
DOT-USD vs. BTC-USD — Risk / Return Rank
DOT-USD
BTC-USD
DOT-USD vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Polkadot (DOT-USD) and Bitcoin (BTC-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.
| DOT-USD | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.49 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 0.87 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.95 | -0.78 | -0.17 |
| Martin ratioReturn relative to average drawdown | -1.49 | -1.39 | -0.09 |
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
| DOT-USD | BTC-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.87 | -0.93 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.21 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.87 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.54 | 1.13 | -1.66 |
Drawdowns
DOT-USD vs. BTC-USD - Drawdown Comparison
The maximum DOT-USD drawdown since its inception was -98.22%, which is greater than BTC-USD's maximum drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for DOT-USD and BTC-USD.
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Drawdown Indicators
| DOT-USD | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.22% | -85.30% | -12.92% |
Max Drawdown (1Y)Largest decline over 1 year | -78.97% | -50.87% | -28.10% |
Max Drawdown (3Y)Largest decline over 3 years | -91.72% | -50.87% | -40.85% |
Max Drawdown (5Y)Largest decline over 5 years | — | -76.67% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -83.80% | — |
Current DrawdownCurrent decline from peak | -98.22% | -50.87% | -47.35% |
Average DrawdownAverage peak-to-trough decline | -80.94% | -42.29% | -38.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 58.60% | 34.02% | +24.58% |
Volatility
DOT-USD vs. BTC-USD - Volatility Comparison
Polkadot (DOT-USD) has a higher volatility of 16.71% compared to Bitcoin (BTC-USD) at 10.54%. This indicates that DOT-USD's price experiences larger fluctuations and is considered to be riskier than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DOT-USD | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.71% | 10.54% | +6.17% |
Volatility (6M)Calculated over the trailing 6-month period | 58.60% | 34.26% | +24.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 71.61% | 35.65% | +35.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 72.88% | 44.98% | +27.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.88% | 56.70% | +16.18% |
Frequently Asked Questions
DOT-USD and BTC-USD have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DOT-USD has higher volatility (16.71%) compared to BTC-USD (10.54%). In terms of maximum drawdown, DOT-USD dropped -98.22% vs BTC-USD's -85.30%.
DOT-USD currently has the higher Sharpe Ratio (-0.87 vs -0.93), 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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