Correlation
The correlation between DOT-USD and XRP-USD is 0.27, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
DOT-USD vs. XRP-USD
Compare and contrast key facts about Polkadot (DOT-USD) and Ripple (XRP-USD).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DOT-USD or XRP-USD.
Performance
DOT-USD vs. XRP-USD - Performance Comparison
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Key characteristics
DOT-USD:
-0.46
XRP-USD:
3.34
DOT-USD:
0.75
XRP-USD:
4.33
DOT-USD:
1.07
XRP-USD:
1.47
DOT-USD:
0.00
XRP-USD:
5.27
DOT-USD:
0.07
XRP-USD:
26.24
DOT-USD:
43.78%
XRP-USD:
22.75%
DOT-USD:
71.37%
XRP-USD:
81.62%
DOT-USD:
-93.74%
XRP-USD:
-95.87%
DOT-USD:
-91.94%
XRP-USD:
-33.56%
Returns By Period
In the year-to-date period, DOT-USD achieves a -34.57% return, which is significantly lower than XRP-USD's 7.89% return.
DOT-USD
-34.57%
6.72%
-51.97%
-37.96%
-25.39%
N/A
N/A
XRP-USD
7.89%
2.40%
24.91%
332.53%
75.08%
61.19%
76.66%
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Risk-Adjusted Performance
DOT-USD vs. XRP-USD — Risk-Adjusted Performance Rank
DOT-USD
XRP-USD
DOT-USD vs. XRP-USD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Polkadot (DOT-USD) and Ripple (XRP-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.
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Drawdowns
DOT-USD vs. XRP-USD - Drawdown Comparison
The maximum DOT-USD drawdown since its inception was -93.74%, roughly equal to the maximum XRP-USD drawdown of -95.87%. Use the drawdown chart below to compare losses from any high point for DOT-USD and XRP-USD.
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Volatility
DOT-USD vs. XRP-USD - Volatility Comparison
Polkadot (DOT-USD) has a higher volatility of 23.90% compared to Ripple (XRP-USD) at 17.95%. This indicates that DOT-USD's price experiences larger fluctuations and is considered to be riskier than XRP-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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