ETH-USD vs. SHIB-USD
ETH-USD (Ethereum) and SHIB-USD (Shiba Inu) are both cryptocurrencies. Over the past 5 years, ETH-USD returned -0.85%/yr vs -9.50%/yr for SHIB-USD. A 0.70 correlation means they provide meaningful diversification when combined.
Performance
ETH-USD vs. SHIB-USD - Performance Comparison
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Returns By Period
In the year-to-date period, ETH-USD achieves a -35.51% return, which is significantly higher than SHIB-USD's -38.32% return.
ETH-USD
- 1D
- 2.26%
- 1M
- 10.05%
- 6M
- -39.98%
- YTD
- -35.51%
- 1Y
- -49.10%
- 3Y*
- 0.37%
- 5Y*
- -0.85%
- 10Y*
- 62.58%
- ALL TIME*
- 80.34%
SHIB-USD
- 1D
- 2.66%
- 1M
- -10.34%
- 6M
- -47.72%
- YTD
- -38.32%
- 1Y
- -72.62%
- 3Y*
- -18.46%
- 5Y*
- -9.50%
- 10Y*
- —
- ALL TIME*
- 31.67%
ETH-USD vs. SHIB-USD - Yearly Performance Comparison
Correlation
The correlation between ETH-USD and SHIB-USD is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2021 | 0.70 |
The correlation between ETH-USD and SHIB-USD has been stable across timeframes, ranging from 0.70 to 0.80 - a consistent structural relationship.
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Return for Risk
ETH-USD vs. SHIB-USD — Risk / Return Rank
ETH-USD
SHIB-USD
ETH-USD vs. SHIB-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ethereum (ETH-USD) and Shiba Inu (SHIB-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.
| ETH-USD | SHIB-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.37 | ||
| Sortino ratioReturn per unit of downside risk | +1.26 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 0.79 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.73 | -0.99 | +0.26 |
| Martin ratioReturn relative to average drawdown | -1.11 | -1.42 | +0.31 |
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Drawdowns
ETH-USD vs. SHIB-USD - Drawdown Comparison
The maximum ETH-USD drawdown since its inception was -94.01%, roughly equal to the maximum SHIB-USD drawdown of -94.93%. Use the drawdown chart below to compare losses from any high point for ETH-USD and SHIB-USD.
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Drawdown Indicators
| ETH-USD | SHIB-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.01% | -94.93% | +0.92% |
Max Drawdown (1Y)Largest decline over 1 year | -67.60% | -73.47% | +5.87% |
Max Drawdown (3Y)Largest decline over 3 years | -67.60% | -88.58% | +20.98% |
Max Drawdown (5Y)Largest decline over 5 years | -79.35% | -94.93% | +15.58% |
Max Drawdown (10Y)Largest decline over 10 years | -94.01% | — | — |
Current DrawdownCurrent decline from peak | -60.40% | -94.76% | +34.36% |
Average DrawdownAverage peak-to-trough decline | -51.01% | -80.41% | +29.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.69% | 36.47% | -1.78% |
Volatility
ETH-USD vs. SHIB-USD - Volatility Comparison
Ethereum (ETH-USD) has a higher volatility of 13.43% compared to Shiba Inu (SHIB-USD) at 10.00%. This indicates that ETH-USD's price experiences larger fluctuations and is considered to be riskier than SHIB-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETH-USD | SHIB-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.43% | 10.00% | +3.43% |
Volatility (6M)Calculated over the trailing 6-month period | 46.67% | 40.98% | +5.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.96% | 54.12% | +0.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.71% | 93.23% | -34.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 76.77% | 206.83% | -130.06% |
Frequently Asked Questions
ETH-USD and SHIB-USD have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ETH-USD has higher volatility (13.43%) compared to SHIB-USD (10.00%). In terms of maximum drawdown, ETH-USD dropped -94.01% vs SHIB-USD's -94.93%.
ETH-USD currently has the higher Sharpe Ratio (-0.74 vs -1.12), 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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