ETH-USD vs. SNX-USD
ETH-USD (Ethereum) and SNX-USD (SynthetixNetworkToken) are both cryptocurrencies. Over the past 5 years, ETH-USD returned -7.86%/yr vs -51.65%/yr for SNX-USD. A 0.62 correlation means they provide meaningful diversification when combined.
Performance
ETH-USD vs. SNX-USD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ETH-USD achieves a -43.80% return, which is significantly lower than SNX-USD's -41.15% return.
ETH-USD
- 1D
- -0.28%
- 1M
- -26.16%
- YTD
- -43.80%
- 6M
- -45.95%
- 1Y
- -36.94%
- 3Y*
- -1.40%
- 5Y*
- -7.86%
- 10Y*
- 56.61%
SNX-USD
- 1D
- -1.52%
- 1M
- -26.89%
- YTD
- -41.15%
- 6M
- -47.32%
- 1Y
- -62.65%
- 3Y*
- -48.93%
- 5Y*
- -51.65%
- 10Y*
- —
ETH-USD vs. SNX-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ETH-USD Ethereum | -43.80% | -10.91% | 46.00% | 90.84% | -67.48% | 398.30% | 473.88% | -1.52% | -81.26% |
SNX-USD SynthetixNetworkToken | -41.15% | -78.57% | -50.43% | 168.73% | -73.89% | -24.18% | 493.90% | 3,090.51% | -91.57% |
Correlation
The correlation between ETH-USD and SNX-USD is 0.73, 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 | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Mar 13, 2018 | 0.62 |
The correlation between ETH-USD and SNX-USD shifts across timeframes, from 0.62 (all time) to 0.74 (3 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ETH-USD vs. SNX-USD — Risk / Return Rank
ETH-USD
SNX-USD
ETH-USD vs. SNX-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ethereum (ETH-USD) and SynthetixNetworkToken (SNX-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 | SNX-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.29 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 0.98 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.55 | -0.70 | +0.15 |
| Martin ratioReturn relative to average drawdown | -0.94 | -0.95 | +0.01 |
Loading charts...
Drawdowns
ETH-USD vs. SNX-USD - Drawdown Comparison
The maximum ETH-USD drawdown since its inception was -94.01%, smaller than the maximum SNX-USD drawdown of -99.14%. Use the drawdown chart below to compare losses from any high point for ETH-USD and SNX-USD.
Loading charts...
Drawdown Indicators
| ETH-USD | SNX-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.01% | -99.14% | +5.13% |
Max Drawdown (1Y)Largest decline over 1 year | -67.53% | -89.83% | +22.30% |
Max Drawdown (3Y)Largest decline over 3 years | -67.53% | -95.44% | +27.91% |
Max Drawdown (5Y)Largest decline over 5 years | -79.35% | -98.45% | +19.10% |
Max Drawdown (10Y)Largest decline over 10 years | -94.01% | — | — |
Current DrawdownCurrent decline from peak | -65.49% | -99.11% | +33.62% |
Average DrawdownAverage peak-to-trough decline | -50.89% | -72.96% | +22.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 45.31% | 78.82% | -33.51% |
Volatility
ETH-USD vs. SNX-USD - Volatility Comparison
Ethereum (ETH-USD) and SynthetixNetworkToken (SNX-USD) have volatilities of 17.22% and 17.89%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ETH-USD | SNX-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.22% | 17.89% | -0.67% |
Volatility (6M)Calculated over the trailing 6-month period | 46.29% | 58.61% | -12.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.20% | 116.09% | -59.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.59% | 100.95% | -41.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 77.89% | 117.45% | -39.56% |
Frequently Asked Questions
ETH-USD and SNX-USD have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SNX-USD has higher volatility (17.89%) compared to ETH-USD (17.22%). In terms of maximum drawdown, ETH-USD dropped -94.01% vs SNX-USD's -99.14%.
SNX-USD currently has the higher Sharpe Ratio (-0.45 vs -0.55), 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.
Find the right allocation for ETH-USD and SNX-USD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer