DOT-USD vs. SNX-USD
DOT-USD (Polkadot) and SNX-USD (SynthetixNetworkToken) are both cryptocurrencies. Over the past 5 years, DOT-USD returned -42.49%/yr vs -50.94%/yr for SNX-USD. At a 0.23 correlation, their price movements are largely independent.
Performance
DOT-USD vs. SNX-USD - Performance Comparison
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Returns By Period
In the year-to-date period, DOT-USD achieves a -53.61% return, which is significantly lower than SNX-USD's -41.22% return.
DOT-USD
- 1D
- 1.33%
- 1M
- -14.37%
- 6M
- -59.11%
- YTD
- -53.61%
- 1Y
- -81.51%
- 3Y*
- -46.16%
- 5Y*
- -42.49%
- 10Y*
- —
- ALL TIME*
- -48.34%
SNX-USD
- 1D
- 3.88%
- 1M
- -0.82%
- 6M
- -44.98%
- YTD
- -41.22%
- 1Y
- -67.56%
- 3Y*
- -56.81%
- 5Y*
- -50.94%
- 10Y*
- —
- ALL TIME*
- -7.30%
DOT-USD vs. SNX-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DOT-USD Polkadot | -53.61% | -73.03% | -22.95% | 96.80% | -84.73% | 19.21% |
SNX-USD SynthetixNetworkToken | -41.22% | -78.57% | -50.43% | 168.73% | -73.89% | -45.48% |
Correlation
The correlation between DOT-USD and SNX-USD is 0.74, 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 | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
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, DOT-USD and SNX-USD have become more correlated (0.74) than their long-term average of 0.23, meaning their price movements have been converging.
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Return for Risk
DOT-USD vs. SNX-USD — Risk / Return Rank
DOT-USD
SNX-USD
DOT-USD vs. SNX-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Polkadot (DOT-USD) and SynthetixNetworkToken (SNX-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.
| DOT-USD | SNX-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.49 | ||
| Sortino ratioReturn per unit of downside risk | -2.00 | ||
| Omega ratioGain probability vs. loss probability | 0.78 | 0.97 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | -0.99 | -0.74 | -0.25 |
| Martin ratioReturn relative to average drawdown | -1.42 | -0.94 | -0.48 |
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Drawdowns
DOT-USD vs. SNX-USD - Drawdown Comparison
The maximum DOT-USD drawdown since its inception was -98.50%, roughly equal to the maximum SNX-USD drawdown of -99.26%. Use the drawdown chart below to compare losses from any high point for DOT-USD and SNX-USD.
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Drawdown Indicators
| DOT-USD | SNX-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.50% | -99.26% | +0.76% |
Max Drawdown (1Y)Largest decline over 1 year | -82.23% | -91.23% | +9.00% |
Max Drawdown (3Y)Largest decline over 3 years | -93.00% | -96.06% | +3.06% |
Max Drawdown (5Y)Largest decline over 5 years | -98.50% | -98.66% | +0.16% |
Current DrawdownCurrent decline from peak | -98.46% | -99.11% | +0.65% |
Average DrawdownAverage peak-to-trough decline | -81.42% | -73.29% | -8.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 53.10% | 56.05% | -2.95% |
Volatility
DOT-USD vs. SNX-USD - Volatility Comparison
The current volatility for Polkadot (DOT-USD) is 13.34%, while SynthetixNetworkToken (SNX-USD) has a volatility of 33.75%. This indicates that DOT-USD experiences smaller price fluctuations and is considered to be less risky than SNX-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 | SNX-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.34% | 33.75% | -20.41% |
Volatility (6M)Calculated over the trailing 6-month period | 54.15% | 61.68% | -7.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 70.21% | 117.73% | -47.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.44% | 99.60% | -28.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.24% | 117.14% | -44.90% |
Frequently Asked Questions
DOT-USD and SNX-USD have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SNX-USD has higher volatility (33.75%) compared to DOT-USD (13.34%). In terms of maximum drawdown, DOT-USD dropped -98.50% vs SNX-USD's -99.26%.
SNX-USD currently has the higher Sharpe Ratio (-0.48 vs -0.96), 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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