DOT-USD vs. THETA-USD
DOT-USD (Polkadot) and THETA-USD (THETA) are both cryptocurrencies. Over the past 3 years, DOT-USD returned -40.54%/yr vs -37.48%/yr for THETA-USD. At a 0.20 correlation, their price movements are largely independent.
Performance
DOT-USD vs. THETA-USD - Performance Comparison
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Returns By Period
In the year-to-date period, DOT-USD achieves a -46.23% return, which is significantly lower than THETA-USD's -40.53% return.
DOT-USD
- 1D
- 1.14%
- 1M
- -27.54%
- YTD
- -46.23%
- 6M
- -52.24%
- 1Y
- -75.49%
- 3Y*
- -40.54%
- 5Y*
- —
- 10Y*
- —
THETA-USD
- 1D
- 4.86%
- 1M
- -29.74%
- YTD
- -40.53%
- 6M
- -54.31%
- 1Y
- -78.88%
- 3Y*
- -37.48%
- 5Y*
- -55.29%
- 10Y*
- —
DOT-USD vs. THETA-USD - Yearly Performance Comparison
Correlation
The correlation between DOT-USD and THETA-USD is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Jun 15, 2021 | 0.20 |
Over the past year, DOT-USD and THETA-USD have become more correlated (0.69) than their long-term average of 0.20, meaning their price movements have been converging.
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Return for Risk
DOT-USD vs. THETA-USD — Risk / Return Rank
DOT-USD
THETA-USD
DOT-USD vs. THETA-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Polkadot (DOT-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.
| DOT-USD | THETA-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 0.82 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.95 | -0.92 | -0.02 |
| Martin ratioReturn relative to average drawdown | -1.47 | -1.31 | -0.17 |
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Drawdowns
DOT-USD vs. THETA-USD - Drawdown Comparison
The maximum DOT-USD drawdown since its inception was -98.30%, roughly equal to the maximum THETA-USD drawdown of -99.00%. Use the drawdown chart below to compare losses from any high point for DOT-USD and THETA-USD.
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Drawdown Indicators
| DOT-USD | THETA-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.30% | -99.00% | +0.70% |
Max Drawdown (1Y)Largest decline over 1 year | -79.88% | -85.35% | +5.47% |
Max Drawdown (3Y)Largest decline over 3 years | -92.08% | -95.85% | +3.77% |
Max Drawdown (5Y)Largest decline over 5 years | — | -98.49% | — |
Current DrawdownCurrent decline from peak | -98.22% | -98.90% | +0.68% |
Average DrawdownAverage peak-to-trough decline | -81.06% | -71.58% | -9.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 60.04% | 63.67% | -3.63% |
Volatility
DOT-USD vs. THETA-USD - Volatility Comparison
The current volatility for Polkadot (DOT-USD) is 17.56%, while THETA (THETA-USD) has a volatility of 20.06%. This indicates that DOT-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.
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Volatility by Period
| DOT-USD | THETA-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.56% | 20.06% | -2.50% |
Volatility (6M)Calculated over the trailing 6-month period | 58.20% | 56.96% | +1.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 71.60% | 74.43% | -2.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 72.80% | 83.36% | -10.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.80% | 104.31% | -31.51% |
Frequently Asked Questions
DOT-USD and THETA-USD have a correlation of 0.69, 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 (20.06%) compared to DOT-USD (17.56%). In terms of maximum drawdown, DOT-USD dropped -98.30% vs THETA-USD's -99.00%.
DOT-USD currently has the higher Sharpe Ratio (-0.88 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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