DOT-USD vs. THETA-USD
DOT-USD (Polkadot) and THETA-USD (THETA) are both cryptocurrencies. Over the past 5 years, DOT-USD returned -42.49%/yr vs -50.05%/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 -53.61% return, which is significantly lower than THETA-USD's -48.52% 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%
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%
DOT-USD vs. THETA-USD - Yearly Performance Comparison
Correlation
The correlation between DOT-USD and THETA-USD is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
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 (0.66) 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 | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 0.78 | 0.75 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.99 | -0.99 | 0.00 |
| Martin ratioReturn relative to average drawdown | -1.42 | -1.29 | -0.12 |
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Drawdowns
DOT-USD vs. THETA-USD - Drawdown Comparison
The maximum DOT-USD drawdown since its inception was -98.50%, roughly equal to the maximum THETA-USD drawdown of -99.11%. 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 | -98.50% | -99.11% | +0.61% |
Max Drawdown (1Y)Largest decline over 1 year | -82.23% | -87.02% | +4.79% |
Max Drawdown (3Y)Largest decline over 3 years | -93.00% | -96.33% | +3.33% |
Max Drawdown (5Y)Largest decline over 5 years | -98.50% | -98.62% | +0.12% |
Current DrawdownCurrent decline from peak | -98.46% | -99.05% | +0.59% |
Average DrawdownAverage peak-to-trough decline | -81.42% | -71.91% | -9.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 53.10% | 52.90% | +0.20% |
Volatility
DOT-USD vs. THETA-USD - Volatility Comparison
The current volatility for Polkadot (DOT-USD) is 13.34%, while THETA (THETA-USD) has a volatility of 16.72%. 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 | 13.34% | 16.72% | -3.38% |
Volatility (6M)Calculated over the trailing 6-month period | 54.15% | 52.58% | +1.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 70.21% | 72.48% | -2.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.44% | 82.33% | -10.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.24% | 103.80% | -31.56% |
Frequently Asked Questions
DOT-USD and THETA-USD have a correlation of 0.66, 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 DOT-USD (13.34%). In terms of maximum drawdown, DOT-USD dropped -98.50% vs THETA-USD's -99.11%.
DOT-USD currently has the higher Sharpe Ratio (-0.96 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.
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