ETH-USD vs. THETA-USD
ETH-USD (Ethereum) and THETA-USD (THETA) are both cryptocurrencies. Over the past 5 years, ETH-USD returned -7.86%/yr vs -55.29%/yr for THETA-USD. A 0.60 correlation means they provide meaningful diversification when combined.
Performance
ETH-USD vs. THETA-USD - Performance Comparison
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Returns By Period
In the year-to-date period, ETH-USD achieves a -43.80% return, which is significantly lower than THETA-USD's -40.53% 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%
THETA-USD
- 1D
- 4.86%
- 1M
- -29.74%
- YTD
- -40.53%
- 6M
- -54.31%
- 1Y
- -78.88%
- 3Y*
- -37.48%
- 5Y*
- -55.29%
- 10Y*
- —
ETH-USD vs. THETA-USD - Yearly Performance Comparison
Correlation
The correlation between ETH-USD and THETA-USD is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Jan 17, 2018 | 0.60 |
The correlation between ETH-USD and THETA-USD has been stable across timeframes, ranging from 0.60 to 0.69 - a consistent structural relationship.
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Return for Risk
ETH-USD vs. THETA-USD — Risk / Return Rank
ETH-USD
THETA-USD
ETH-USD vs. THETA-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ethereum (ETH-USD) and THETA (THETA-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 | THETA-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | +1.20 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 0.82 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.55 | -0.92 | +0.38 |
| Martin ratioReturn relative to average drawdown | -0.94 | -1.31 | +0.36 |
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Drawdowns
ETH-USD vs. THETA-USD - Drawdown Comparison
The maximum ETH-USD drawdown since its inception was -94.01%, smaller than the maximum THETA-USD drawdown of -99.00%. Use the drawdown chart below to compare losses from any high point for ETH-USD and THETA-USD.
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Drawdown Indicators
| ETH-USD | THETA-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.01% | -99.00% | +4.99% |
Max Drawdown (1Y)Largest decline over 1 year | -67.53% | -85.35% | +17.82% |
Max Drawdown (3Y)Largest decline over 3 years | -67.53% | -95.85% | +28.32% |
Max Drawdown (5Y)Largest decline over 5 years | -79.35% | -98.49% | +19.14% |
Max Drawdown (10Y)Largest decline over 10 years | -94.01% | — | — |
Current DrawdownCurrent decline from peak | -65.49% | -98.90% | +33.41% |
Average DrawdownAverage peak-to-trough decline | -50.89% | -71.58% | +20.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 45.31% | 63.67% | -18.36% |
Volatility
ETH-USD vs. THETA-USD - Volatility Comparison
The current volatility for Ethereum (ETH-USD) is 17.22%, while THETA (THETA-USD) has a volatility of 20.06%. This indicates that ETH-USD experiences smaller price fluctuations and is considered to be less risky than THETA-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 | THETA-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.22% | 20.06% | -2.84% |
Volatility (6M)Calculated over the trailing 6-month period | 46.29% | 56.96% | -10.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.20% | 74.43% | -18.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.59% | 83.36% | -23.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 77.89% | 104.31% | -26.42% |
Frequently Asked Questions
ETH-USD and THETA-USD have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
THETA-USD has higher volatility (20.06%) compared to ETH-USD (17.22%). In terms of maximum drawdown, ETH-USD dropped -94.01% vs THETA-USD's -99.00%.
ETH-USD currently has the higher Sharpe Ratio (-0.55 vs -0.88), 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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