DOT-USD vs. SOL-USD
DOT-USD (Polkadot) and SOL-USD (Solana) are both cryptocurrencies. Over the past 3 years, DOT-USD returned -40.54%/yr vs 64.54%/yr for SOL-USD. At a 0.21 correlation, their price movements are largely independent.
Performance
DOT-USD vs. SOL-USD - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with DOT-USD having a -46.23% return and SOL-USD slightly higher at -46.20%.
DOT-USD
- 1D
- 1.14%
- 1M
- -27.54%
- YTD
- -46.23%
- 6M
- -52.24%
- 1Y
- -75.49%
- 3Y*
- -40.54%
- 5Y*
- —
- 10Y*
- —
SOL-USD
- 1D
- 0.15%
- 1M
- -26.54%
- YTD
- -46.20%
- 6M
- -49.40%
- 1Y
- -56.07%
- 3Y*
- 64.54%
- 5Y*
- 11.54%
- 10Y*
- —
DOT-USD vs. SOL-USD - Yearly Performance Comparison
Correlation
The correlation between DOT-USD and SOL-USD is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Jun 15, 2021 | 0.21 |
Over the past year, DOT-USD and SOL-USD have become more correlated (0.82) than their long-term average of 0.21, meaning their price movements have been converging.
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Return for Risk
DOT-USD vs. SOL-USD — Risk / Return Rank
DOT-USD
SOL-USD
DOT-USD vs. SOL-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Polkadot (DOT-USD) and Solana (SOL-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 | SOL-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.76 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 0.90 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.95 | -0.75 | -0.20 |
| Martin ratioReturn relative to average drawdown | -1.47 | -1.21 | -0.26 |
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Drawdowns
DOT-USD vs. SOL-USD - Drawdown Comparison
The maximum DOT-USD drawdown since its inception was -98.30%, roughly equal to the maximum SOL-USD drawdown of -96.27%. Use the drawdown chart below to compare losses from any high point for DOT-USD and SOL-USD.
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Drawdown Indicators
| DOT-USD | SOL-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.30% | -96.27% | -2.03% |
Max Drawdown (1Y)Largest decline over 1 year | -79.88% | -74.89% | -4.99% |
Max Drawdown (3Y)Largest decline over 3 years | -92.08% | -76.28% | -15.80% |
Max Drawdown (5Y)Largest decline over 5 years | — | -96.27% | — |
Current DrawdownCurrent decline from peak | -98.22% | -74.45% | -23.77% |
Average DrawdownAverage peak-to-trough decline | -81.06% | -51.41% | -29.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 60.04% | 52.87% | +7.17% |
Volatility
DOT-USD vs. SOL-USD - Volatility Comparison
Polkadot (DOT-USD) and Solana (SOL-USD) have volatilities of 17.56% and 17.43%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DOT-USD | SOL-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.56% | 17.43% | +0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 58.20% | 46.84% | +11.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 71.60% | 60.20% | +11.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 72.80% | 82.38% | -9.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.80% | 99.84% | -27.04% |
Frequently Asked Questions
DOT-USD and SOL-USD have a correlation of 0.82, 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 (17.56%) compared to SOL-USD (17.43%). In terms of maximum drawdown, DOT-USD dropped -98.30% vs SOL-USD's -96.27%.
SOL-USD currently has the higher Sharpe Ratio (-0.78 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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