DOT-USD vs. TRX-USD
DOT-USD (Polkadot) and TRX-USD (Tronix) are both cryptocurrencies. Over the past 3 years, DOT-USD returned -40.48%/yr vs 65.45%/yr for TRX-USD. At a 0.07 correlation, their price movements are largely independent.
Performance
DOT-USD vs. TRX-USD - Performance Comparison
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Returns By Period
In the year-to-date period, DOT-USD achieves a -46.67% return, which is significantly lower than TRX-USD's 14.63% return.
DOT-USD
- 1D
- -2.06%
- 1M
- -29.20%
- YTD
- -46.67%
- 6M
- -55.26%
- 1Y
- -76.33%
- 3Y*
- -40.48%
- 5Y*
- —
- 10Y*
- —
TRX-USD
- 1D
- -0.32%
- 1M
- -7.01%
- YTD
- 14.63%
- 6M
- 15.78%
- 1Y
- 15.52%
- 3Y*
- 65.45%
- 5Y*
- 34.02%
- 10Y*
- —
DOT-USD vs. TRX-USD - Yearly Performance Comparison
Correlation
The correlation between DOT-USD and TRX-USD is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Jun 15, 2021 | 0.07 |
Over the past year, DOT-USD and TRX-USD have become more correlated (0.41) than their long-term average of 0.07, meaning their price movements have been converging.
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Return for Risk
DOT-USD vs. TRX-USD — Risk / Return Rank
DOT-USD
TRX-USD
DOT-USD vs. TRX-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Polkadot (DOT-USD) and Tronix (TRX-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 | TRX-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.42 | ||
| Sortino ratioReturn per unit of downside risk | -2.76 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.10 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | -0.96 | 0.58 | -1.55 |
| Martin ratioReturn relative to average drawdown | -1.50 | 1.03 | -2.53 |
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 | TRX-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.89 | 0.53 | -1.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.48 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.54 | 0.60 | -1.13 |
Drawdowns
DOT-USD vs. TRX-USD - Drawdown Comparison
The maximum DOT-USD drawdown since its inception was -98.25%, roughly equal to the maximum TRX-USD drawdown of -95.89%. Use the drawdown chart below to compare losses from any high point for DOT-USD and TRX-USD.
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Drawdown Indicators
| DOT-USD | TRX-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.25% | -95.89% | -2.36% |
Max Drawdown (1Y)Largest decline over 1 year | -79.31% | -26.58% | -52.73% |
Max Drawdown (3Y)Largest decline over 3 years | -91.85% | -50.98% | -40.87% |
Max Drawdown (5Y)Largest decline over 5 years | — | -59.60% | — |
Current DrawdownCurrent decline from peak | -98.23% | -24.78% | -73.45% |
Average DrawdownAverage peak-to-trough decline | -80.97% | -62.54% | -18.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 59.22% | 13.66% | +45.56% |
Volatility
DOT-USD vs. TRX-USD - Volatility Comparison
Polkadot (DOT-USD) has a higher volatility of 16.83% compared to Tronix (TRX-USD) at 8.62%. This indicates that DOT-USD's price experiences larger fluctuations and is considered to be riskier than TRX-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 | TRX-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.83% | 8.62% | +8.21% |
Volatility (6M)Calculated over the trailing 6-month period | 58.88% | 18.03% | +40.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 71.59% | 24.31% | +47.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 72.85% | 58.52% | +14.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.85% | 110.30% | -37.45% |
Frequently Asked Questions
DOT-USD and TRX-USD have a correlation of 0.41, 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 (16.83%) compared to TRX-USD (8.62%). In terms of maximum drawdown, DOT-USD dropped -98.25% vs TRX-USD's -95.89%.
TRX-USD currently has the higher Sharpe Ratio (0.53 vs -0.89), 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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