DOT-USD vs. USDT-USD
DOT-USD (Polkadot) and USDT-USD (Tether) are both cryptocurrencies. Over the past 3 years, DOT-USD returned -40.48%/yr vs -0.01%/yr for USDT-USD. At a 0.14 correlation, their price movements are largely independent.
Performance
DOT-USD vs. USDT-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 USDT-USD's 0.10% return.
DOT-USD
- 1D
- -2.06%
- 1M
- -29.20%
- YTD
- -46.67%
- 6M
- -55.26%
- 1Y
- -76.33%
- 3Y*
- -40.48%
- 5Y*
- —
- 10Y*
- —
USDT-USD
- 1D
- -0.00%
- 1M
- -0.02%
- YTD
- 0.10%
- 6M
- -0.05%
- 1Y
- -0.09%
- 3Y*
- -0.01%
- 5Y*
- -0.02%
- 10Y*
- —
DOT-USD vs. USDT-USD - Yearly Performance Comparison
Correlation
The correlation between DOT-USD and USDT-USD is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Jun 15, 2021 | 0.14 |
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Return for Risk
DOT-USD vs. USDT-USD — Risk / Return Rank
DOT-USD
USDT-USD
DOT-USD vs. USDT-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Polkadot (DOT-USD) and Tether (USDT-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 | USDT-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.70 | ||
| Sortino ratioReturn per unit of downside risk | -1.60 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 0.97 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.96 | -0.23 | -0.74 |
| Martin ratioReturn relative to average drawdown | -1.50 | -0.49 | -1.01 |
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 | USDT-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.89 | -0.18 | -0.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.03 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.54 | 0.00 | -0.54 |
Drawdowns
DOT-USD vs. USDT-USD - Drawdown Comparison
The maximum DOT-USD drawdown since its inception was -98.25%, which is greater than USDT-USD's maximum drawdown of -10.32%. Use the drawdown chart below to compare losses from any high point for DOT-USD and USDT-USD.
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Drawdown Indicators
| DOT-USD | USDT-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.25% | -10.32% | -87.93% |
Max Drawdown (1Y)Largest decline over 1 year | -79.31% | -0.39% | -78.92% |
Max Drawdown (3Y)Largest decline over 3 years | -91.85% | -0.42% | -91.43% |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.99% | — |
Current DrawdownCurrent decline from peak | -98.23% | -7.26% | -90.97% |
Average DrawdownAverage peak-to-trough decline | -80.97% | -6.93% | -74.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 59.22% | 0.21% | +59.01% |
Volatility
DOT-USD vs. USDT-USD - Volatility Comparison
Polkadot (DOT-USD) has a higher volatility of 16.83% compared to Tether (USDT-USD) at 0.13%. This indicates that DOT-USD's price experiences larger fluctuations and is considered to be riskier than USDT-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 | USDT-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.83% | 0.13% | +16.70% |
Volatility (6M)Calculated over the trailing 6-month period | 58.88% | 0.35% | +58.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 71.59% | 0.40% | +71.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 72.85% | 0.55% | +72.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.85% | 6.78% | +66.07% |
Frequently Asked Questions
DOT-USD and USDT-USD have a correlation of 0.15, 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 USDT-USD (0.13%). In terms of maximum drawdown, DOT-USD dropped -98.25% vs USDT-USD's -10.32%.
USDT-USD currently has the higher Sharpe Ratio (-0.18 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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